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REGISTERED NUMBER: 05594047 (England and Wales)











Unaudited Financial Statements

for the Year Ended

31 August 2024

for

Valentine Building Services Limited

Valentine Building Services Limited (Registered number: 05594047)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Valentine Building Services Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: RN Valentine
A Valentine





REGISTERED OFFICE: Canberra Buildings
Carrs Industrial Estate
Commerce Street
Haslingden Lancashire
BB4 5JT





REGISTERED NUMBER: 05594047 (England and Wales)





ACCOUNTANTS: Mosley & Co
14 Market Place
Ramsbottom
Bury
Lancashire
BL0 9HT

Valentine Building Services Limited (Registered number: 05594047)

Statement of Financial Position
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 68,883 63,433
Investments 6 1,394,415 562,822
1,463,299 626,256

CURRENT ASSETS
Stocks 152,150 233,118
Debtors 7 715,842 197,778
Cash at bank and in hand 816,414 743,056
1,684,406 1,173,952
CREDITORS
Amounts falling due within one year 8 736,383 360,066
NET CURRENT ASSETS 948,023 813,886
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,411,322

1,440,142

CREDITORS
Amounts falling due after more than
one year

9

(15,012

)

(24,848

)

PROVISIONS FOR LIABILITIES 10 (190,490 ) (5,581 )
NET ASSETS 2,205,820 1,409,713

Valentine Building Services Limited (Registered number: 05594047)

Statement of Financial Position - continued
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 100 100
Revaluation reserve 699,143 -
Retained earnings 1,506,577 1,409,613
SHAREHOLDERS' FUNDS 2,205,820 1,409,713

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 12 March 2025 and were signed on its behalf by:





RN Valentine - Director


Valentine Building Services Limited (Registered number: 05594047)

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

1. STATUTORY INFORMATION

Valentine Building Services 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 statement of financial position date.


Valentine Building Services Limited (Registered number: 05594047)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 25,000
AMORTISATION
At 1 September 2023
and 31 August 2024 24,999
NET BOOK VALUE
At 31 August 2024 1
At 31 August 2023 1

Valentine Building Services Limited (Registered number: 05594047)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 64,943 150,338 215,281
Additions - 35,401 35,401
At 31 August 2024 64,943 185,739 250,682
DEPRECIATION
At 1 September 2023 23,831 128,017 151,848
Charge for year 2,598 27,353 29,951
At 31 August 2024 26,429 155,370 181,799
NET BOOK VALUE
At 31 August 2024 38,514 30,369 68,883
At 31 August 2023 41,112 22,321 63,433

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 September 2023 562,822
Additions 132,450
Revaluations 699,143
At 31 August 2024 1,394,415
NET BOOK VALUE
At 31 August 2024 1,394,415
At 31 August 2023 562,822

Cost or valuation at 31 August 2024 is represented by:

Other
investments
£   
Valuation in 2024 1,394,415

Valentine Building Services Limited (Registered number: 05594047)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 174,750 139,520
Amounts owed by associates 346,327 -
Other debtors 194,765 58,258
715,842 197,778

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 468,011 198,470
Taxation and social security 199,526 142,465
Other creditors 58,198 8,483
736,383 360,066

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 15,012 24,848

10. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 190,490 5,581

Deferred
tax
£   
Balance at 1 September 2023 5,581
Provided during year 184,909
Balance at 31 August 2024 190,490

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
100 Ordinary £1 100 100

Valentine Building Services Limited (Registered number: 05594047)

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

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
RN Valentine and A Valentine
Balance outstanding at start of year (195 ) (3 )
Amounts advanced 189,140 26,808
Amounts repaid - (27,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 188,945 (195 )

The loan will be repaid within nine months of the year end.

13. RELATED PARTY DISCLOSURES

Valentine Core Group Limited is the sole shareholder of Valentine Building Services Limited. The amount due to Valentine Building Services Limited at the year end was £346,327.

14. ULTIMATE CONTROLLING PARTY

The company is controlled by Valentine Core Group Limited which controls 100% of the issued share capital of Valentine Building Services Limited.