2023-05-102024-05-312024-05-31false14858937VALIDUS CONSTRUCTION LTD2025-02-07falseiso4217:GBPxbrli:pure148589372023-05-10148589372024-05-31148589372023-05-102024-05-31148589372023-05-09148589372023-05-09148589372023-05-092023-05-0914858937bus:SmallEntities2023-05-102024-05-3114858937bus:AuditExempt-NoAccountantsReport2023-05-102024-05-3114858937bus:FullAccounts2023-05-102024-05-3114858937bus:PrivateLimitedCompanyLtd2023-05-102024-05-3114858937core:WithinOneYear2024-05-3114858937core:AfterOneYear2024-05-3114858937core:WithinOneYear2023-05-0914858937core:AfterOneYear2023-05-0914858937core:ShareCapital2024-05-3114858937core:SharePremium2024-05-3114858937core:RevaluationReserve2024-05-3114858937core:OtherReservesSubtotal2024-05-3114858937core:RetainedEarningsAccumulatedLosses2024-05-3114858937core:ShareCapital2023-05-0914858937core:SharePremium2023-05-0914858937core:RevaluationReserve2023-05-0914858937core:OtherReservesSubtotal2023-05-0914858937core:RetainedEarningsAccumulatedLosses2023-05-0914858937core:LandBuildings2024-05-3114858937core:PlantMachinery2024-05-3114858937core:Vehicles2024-05-3114858937core:FurnitureFittings2024-05-3114858937core:OfficeEquipment2024-05-3114858937core:NetGoodwill2024-05-3114858937core:IntangibleAssetsOtherThanGoodwill2024-05-3114858937core:ListedExchangeTraded2024-05-3114858937core:UnlistedNon-exchangeTraded2024-05-3114858937core:LandBuildings2023-05-0914858937core:PlantMachinery2023-05-0914858937core:Vehicles2023-05-0914858937core:FurnitureFittings2023-05-0914858937core:OfficeEquipment2023-05-0914858937core:NetGoodwill2023-05-0914858937core:IntangibleAssetsOtherThanGoodwill2023-05-0914858937core:ListedExchangeTraded2023-05-0914858937core:UnlistedNon-exchangeTraded2023-05-0914858937core:LandBuildings2023-05-102024-05-3114858937core:PlantMachinery2023-05-102024-05-3114858937core:Vehicles2023-05-102024-05-3114858937core:FurnitureFittings2023-05-102024-05-3114858937core:OfficeEquipment2023-05-102024-05-3114858937core:NetGoodwill2023-05-102024-05-3114858937core:IntangibleAssetsOtherThanGoodwill2023-05-102024-05-3114858937core:ListedExchangeTraded2023-05-102024-05-3114858937core:UnlistedNon-exchangeTraded2023-05-102024-05-3114858937core:MoreThanFiveYears2023-05-102024-05-3114858937core:Non-currentFinancialInstruments2024-05-3114858937core:Non-currentFinancialInstruments2023-05-0914858937dpl:CostSales2023-05-102024-05-3114858937dpl:DistributionCosts2023-05-102024-05-3114858937core:LandBuildings2023-05-102024-05-3114858937core:PlantMachinery2023-05-102024-05-3114858937core:Vehicles2023-05-102024-05-3114858937core:FurnitureFittings2023-05-102024-05-3114858937core:OfficeEquipment2023-05-102024-05-3114858937dpl:AdministrativeExpenses2023-05-102024-05-3114858937core:NetGoodwill2023-05-102024-05-3114858937core:IntangibleAssetsOtherThanGoodwill2023-05-102024-05-3114858937dpl:GroupUndertakings2023-05-102024-05-3114858937dpl:ParticipatingInterests2023-05-102024-05-3114858937dpl:GroupUndertakingscore:ListedExchangeTraded2023-05-102024-05-3114858937core:ListedExchangeTraded2023-05-102024-05-3114858937dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-05-102024-05-3114858937core:UnlistedNon-exchangeTraded2023-05-102024-05-3114858937dpl:CostSales2023-05-092023-05-0914858937dpl:DistributionCosts2023-05-092023-05-0914858937core:LandBuildings2023-05-092023-05-0914858937core:PlantMachinery2023-05-092023-05-0914858937core:Vehicles2023-05-092023-05-0914858937core:FurnitureFittings2023-05-092023-05-0914858937core:OfficeEquipment2023-05-092023-05-0914858937dpl:AdministrativeExpenses2023-05-092023-05-0914858937core:NetGoodwill2023-05-092023-05-0914858937core:IntangibleAssetsOtherThanGoodwill2023-05-092023-05-0914858937dpl:GroupUndertakings2023-05-092023-05-0914858937dpl:ParticipatingInterests2023-05-092023-05-0914858937dpl:GroupUndertakingscore:ListedExchangeTraded2023-05-092023-05-0914858937core:ListedExchangeTraded2023-05-092023-05-0914858937dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-05-092023-05-0914858937core:UnlistedNon-exchangeTraded2023-05-092023-05-0914858937core:NetGoodwill2024-05-3114858937core:IntangibleAssetsOtherThanGoodwill2024-05-3114858937core:LandBuildings2024-05-3114858937core:PlantMachinery2024-05-3114858937core:Vehicles2024-05-3114858937core:FurnitureFittings2024-05-3114858937core:OfficeEquipment2024-05-3114858937core:AfterOneYear2024-05-3114858937core:WithinOneYear2024-05-3114858937core:ListedExchangeTraded2024-05-3114858937core:UnlistedNon-exchangeTraded2024-05-3114858937core:ShareCapital2024-05-3114858937core:SharePremium2024-05-3114858937core:RevaluationReserve2024-05-3114858937core:OtherReservesSubtotal2024-05-3114858937core:RetainedEarningsAccumulatedLosses2024-05-3114858937core:NetGoodwill2023-05-0914858937core:IntangibleAssetsOtherThanGoodwill2023-05-0914858937core:LandBuildings2023-05-0914858937core:PlantMachinery2023-05-0914858937core:Vehicles2023-05-0914858937core:FurnitureFittings2023-05-0914858937core:OfficeEquipment2023-05-0914858937core:AfterOneYear2023-05-0914858937core:WithinOneYear2023-05-0914858937core:ListedExchangeTraded2023-05-0914858937core:UnlistedNon-exchangeTraded2023-05-0914858937core:ShareCapital2023-05-0914858937core:SharePremium2023-05-0914858937core:RevaluationReserve2023-05-0914858937core:OtherReservesSubtotal2023-05-0914858937core:RetainedEarningsAccumulatedLosses2023-05-0914858937core:NetGoodwill2023-05-0914858937core:IntangibleAssetsOtherThanGoodwill2023-05-0914858937core:LandBuildings2023-05-0914858937core:PlantMachinery2023-05-0914858937core:Vehicles2023-05-0914858937core:FurnitureFittings2023-05-0914858937core:OfficeEquipment2023-05-0914858937core:AfterOneYear2023-05-0914858937core:WithinOneYear2023-05-0914858937core:ListedExchangeTraded2023-05-0914858937core:UnlistedNon-exchangeTraded2023-05-0914858937core:ShareCapital2023-05-0914858937core:SharePremium2023-05-0914858937core:RevaluationReserve2023-05-0914858937core:OtherReservesSubtotal2023-05-0914858937core:RetainedEarningsAccumulatedLosses2023-05-0914858937core:AfterOneYear2023-05-102024-05-3114858937core:WithinOneYear2023-05-102024-05-3114858937core:Non-currentFinancialInstrumentscore:CostValuation2023-05-102024-05-3114858937core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-05-102024-05-3114858937core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-05-102024-05-3114858937core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-05-102024-05-3114858937core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-05-102024-05-3114858937core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-05-102024-05-3114858937core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-05-102024-05-3114858937core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-05-102024-05-3114858937core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-05-102024-05-3114858937core:Non-currentFinancialInstrumentscore:CostValuation2024-05-3114858937core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-05-3114858937core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-05-3114858937core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-05-3114858937core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-05-3114858937core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-05-3114858937core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-05-3114858937core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-05-3114858937core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-05-3114858937core:Non-currentFinancialInstrumentscore:CostValuation2023-05-0914858937core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-05-0914858937core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-05-0914858937core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-05-0914858937core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-05-0914858937core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-05-0914858937core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-05-0914858937core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-05-0914858937core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-05-0914858937bus:Director12023-05-102024-05-3114858937bus:Director22023-05-102024-05-31

VALIDUS CONSTRUCTION LTD

Registered Number
14858937
(England and Wales)

Unaudited Financial Statements for the Period ended
31 May 2024

VALIDUS CONSTRUCTION LTD
Company Information
for the period from 10 May 2023 to 31 May 2024

Directors

ADAMS, David James
HOLMES, James Andrew

Registered Address

Artemis House Eboracum Way
Heworth Green
York
YO31 7RE

Registered Number

14858937 (England and Wales)
VALIDUS CONSTRUCTION LTD
Balance Sheet as at
31 May 2024

Notes

2024

£

£

Fixed assets
Intangible assets32,675
Tangible assets45,540
8,215
Current assets
Stocks515,000
Debtors6151,036
Cash at bank and on hand15,625
181,661
Creditors amounts falling due within one year7(216,228)
Net current assets (liabilities)(34,567)
Total assets less current liabilities(26,352)
Net assets(26,352)
Capital and reserves
Called up share capital100
Profit and loss account(26,452)
Shareholders' funds(26,352)
The financial statements were approved and authorised for issue by the Board of Directors on 7 February 2025, and are signed on its behalf by:
ADAMS, David James
Director
Registered Company No. 14858937
VALIDUS CONSTRUCTION LTD
Notes to the Financial Statements
for the period ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention, modified to include certain financial instruments at fair value.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors have confirmed that they will provide such financial support as is required to enable the company to pay its obligations for a year following the approval of these financial statements. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Operating leases
Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.
Defined contribution pension plan
The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Amortisation
Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Intagible assets: 10 years straight line
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows: Plant & machinery: 20% straight line
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss. All other investments are subsequently measured at cost less impairment. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.
2.Average number of employees

2024
Average number of employees during the year3
3.Intangible assets

Other

Total

££
Cost or valuation
Additions3,0003,000
At 31 May 243,0003,000
Amortisation and impairment
Charge for year325325
At 31 May 24325325
Net book value
At 31 May 242,6752,675
At 09 May 23--
4.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
Additions6,6986,698
At 31 May 246,6986,698
Depreciation and impairment
Charge for year1,1581,158
At 31 May 241,1581,158
Net book value
At 31 May 245,5405,540
At 09 May 23--
5.Stocks

2024

£
Raw materials and consumables15,000
Total15,000
6.Debtors: amounts due within one year

2024

£
Trade debtors / trade receivables107,233
Other debtors43,803
Total151,036
7.Creditors: amounts due within one year

2024

£
Trade creditors / trade payables157,793
Taxation and social security14,656
Other creditors43,779
Total216,228
8.Operating lease commitments
At 31 May 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £84,608.