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REGISTERED NUMBER: 11470145 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Valve-kits Group Limited

Valve-kits Group Limited (Registered number: 11470145)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Valve-kits Group Limited

Company Information
for the year ended 31 December 2024







DIRECTOR: C Mellins





REGISTERED OFFICE: Clayton and Brewill
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR





REGISTERED NUMBER: 11470145 (England and Wales)





ACCOUNTANTS: Clayton & Brewill
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

Valve-kits Group Limited (Registered number: 11470145)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 121,474 117,998

CURRENT ASSETS
Inventories 288,521 193,065
Debtors 5 871,168 1,273,230
Cash at bank and in hand 895,728 444,713
2,055,417 1,911,008
CREDITORS
Amounts falling due within one year 6 561,734 682,104
NET CURRENT ASSETS 1,493,683 1,228,904
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,615,157

1,346,902

PROVISIONS FOR LIABILITIES 8 30,369 29,500
NET ASSETS 1,584,788 1,317,402

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 1,584,688 1,317,302
SHAREHOLDERS' FUNDS 1,584,788 1,317,402

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 February 2025 and were signed by:





C Mellins - Director


Valve-kits Group Limited (Registered number: 11470145)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Valve-kits Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% per annum straight line
Fixtures and fittings - 25% per annum straight line
Motor vehicles - 25% per annum straight line
Computer equipment - 33% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Valve-kits Group Limited (Registered number: 11470145)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2023 - 24 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 - 229,247 27,255
Additions 5,277 7,568 1,632
At 31 December 2024 5,277 236,815 28,887
DEPRECIATION
At 1 January 2024 - 142,823 14,797
Charge for year 320 36,636 5,410
At 31 December 2024 320 179,459 20,207
NET BOOK VALUE
At 31 December 2024 4,957 57,356 8,680
At 31 December 2023 - 86,424 12,458

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 35,388 26,714 318,604
Additions 48,960 803 64,240
At 31 December 2024 84,348 27,517 382,844
DEPRECIATION
At 1 January 2024 19,888 23,098 200,606
Charge for year 16,200 2,198 60,764
At 31 December 2024 36,088 25,296 261,370
NET BOOK VALUE
At 31 December 2024 48,260 2,221 121,474
At 31 December 2023 15,500 3,616 117,998

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 674,089 1,160,408
Other debtors 163,605 86,350
Prepayments 33,474 26,472
871,168 1,273,230

Valve-kits Group Limited (Registered number: 11470145)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 312,144 382,202
Tax 94,851 120,373
Social security and other taxes 20,058 18,486
VAT 22,095 14,778
Other creditors 3,164 2,972
Directors' current accounts 5,098 24,963
Accrued expenses 104,324 118,330
561,734 682,104

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 109,449 106,087
Between one and five years 373,868 371,714
In more than five years 236,581 322,611
719,898 800,412

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 30,369 29,500

Deferred
tax
£   
Balance at 1 January 2024 29,500
Provided during year 869
Balance at 31 December 2024 30,369

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

10. PENSION COMMITMENTS

The company operates a defined contribution scheme and contributions are charged in the profit and loss account as they accrue. The charge for the period was £85,874 (2023 £65,028). At the balance sheet date amounts of £3,164 (2023 £2,972) were due respect of employee and employer pension contributions.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr & Mrs Mellins.

The ultimate controlling party is Mr & Mrs Mellins.