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REGISTERED NUMBER: 04537483 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

VALE COMMUNICATIONS LIMITED

VALE COMMUNICATIONS LIMITED (Registered number: 04537483)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VALE COMMUNICATIONS LIMITED

Company Information
for the Year Ended 31 October 2024







DIRECTORS: G Boulden
J Pryce





SECRETARY: Mrs T Pryce





REGISTERED OFFICE: Parkgate House
33A Pratt Street
London
NW1 0BG





REGISTERED NUMBER: 04537483 (England and Wales)





ACCOUNTANTS: Creasey Alexander & Co
Chartered Accountants
Parkgate House
33a Pratt Street
London
NW1 0BG

VALE COMMUNICATIONS LIMITED (Registered number: 04537483)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 63,618 94,158
Investments 5 7,460 82
71,078 94,240

CURRENT ASSETS
Stocks 64,891 61,843
Debtors 6 176,639 202,279
Cash at bank 340 23,920
241,870 288,042
CREDITORS
Amounts falling due within one year 7 304,898 244,174
NET CURRENT (LIABILITIES)/ASSETS (63,028 ) 43,868
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,050

138,108

CAPITAL AND RESERVES
Called up share capital 8 8
Retained earnings 8,042 138,100
SHAREHOLDERS' FUNDS 8,050 138,108

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

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

The directors acknowledge their 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.

VALE COMMUNICATIONS LIMITED (Registered number: 04537483)

Balance Sheet - continued
31 October 2024


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 Board of Directors and authorised for issue on 18 February 2025 and were signed on its behalf by:




G Boulden - Director



J Pryce - Director


VALE COMMUNICATIONS LIMITED (Registered number: 04537483)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

VALE COMMUNICATIONS 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover 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 etc - 25% on cost, 20% on cost and 10% on cost

Stocks
Stocks 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.

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.

Fixed asset investment
This is shown at cost less any impairment losses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

VALE COMMUNICATIONS LIMITED (Registered number: 04537483)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 277,593
Additions 1,120
At 31 October 2024 278,713
DEPRECIATION
At 1 November 2023 183,435
Charge for year 31,660
At 31 October 2024 215,095
NET BOOK VALUE
At 31 October 2024 63,618
At 31 October 2023 94,158

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2023 82
Additions 7,378
At 31 October 2024 7,460
NET BOOK VALUE
At 31 October 2024 7,460
At 31 October 2023 82

During the year the company received nil dividends from Open Telecom Ltd.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 27,943 81,106
Amounts owed by associates 97,608 61,655
Other debtors 51,088 59,518
176,639 202,279

VALE COMMUNICATIONS LIMITED (Registered number: 04537483)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 127,591 93,194
Taxation and social security 47,342 49,972
Other creditors 129,965 101,008
304,898 244,174