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Company Registration No. 9982432 (England and Wales)
VALLEYS SPORTS LTD Unaudited accounts for the year ended 29 February 2024
VALLEYS SPORTS LTD Unaudited accounts Contents
Page
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VALLEYS SPORTS LTD Company Information for the year ended 29 February 2024
Director
Muhammad BILAL
Company Number
9982432 (England and Wales)
Registered Office
1 MARKET STREET PONTYPRIDD CF37 2ST UNITED KINGDOM
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VALLEYS SPORTS LTD Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,266 
13,614 
Current assets
Inventories
479,000 
472,000 
Debtors
122,898 
42,917 
Cash at bank and in hand
3,605 
29,559 
605,503 
544,476 
Creditors: amounts falling due within one year
(570,035)
(485,617)
Net current assets
35,468 
58,859 
Total assets less current liabilities
48,734 
72,473 
Creditors: amounts falling due after more than one year
(17,852)
(27,849)
Net assets
30,882 
44,624 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
30,880 
44,622 
Shareholders' funds
30,882 
44,624 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 February 2025 and were signed on its behalf by
Muhammad BILAL Director Company Registration No. 9982432
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VALLEYS SPORTS LTD Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
VALLEYS SPORTS LTD is a private company, limited by shares, registered in England and Wales, registration number 9982432. The registered office is 1 MARKET STREET, PONTYPRIDD, CF37 2ST, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% RB
Motor vehicles
20% RB
Fixtures & fittings
20% RB
Computer equipment
20% RB
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 March 2023
35,162 
Additions
2,823 
At 29 February 2024
37,985 
Depreciation
At 1 March 2023
21,548 
Charge for the year
3,171 
At 29 February 2024
24,719 
Net book value
At 29 February 2024
13,266 
At 28 February 2023
13,614 
5
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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