Acorah Software Products - Accounts Production 16.1.300 false true 31 October 2023 1 November 2022 false 1 November 2023 31 October 2024 31 October 2024 05492273 S S Pearson M J Pearson true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 05492273 2023-10-31 05492273 2024-10-31 05492273 2023-11-01 2024-10-31 05492273 frs-core:CurrentFinancialInstruments 2024-10-31 05492273 frs-core:ComputerEquipment 2024-10-31 05492273 frs-core:ComputerEquipment 2023-11-01 2024-10-31 05492273 frs-core:ComputerEquipment 2023-10-31 05492273 frs-core:FurnitureFittings 2024-10-31 05492273 frs-core:FurnitureFittings 2023-11-01 2024-10-31 05492273 frs-core:FurnitureFittings 2023-10-31 05492273 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-10-31 05492273 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-11-01 2024-10-31 05492273 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-10-31 05492273 frs-core:PlantMachinery 2024-10-31 05492273 frs-core:PlantMachinery 2023-11-01 2024-10-31 05492273 frs-core:PlantMachinery 2023-10-31 05492273 frs-core:ShareCapital 2024-10-31 05492273 frs-core:RetainedEarningsAccumulatedLosses 2024-10-31 05492273 frs-bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 05492273 frs-bus:FilletedAccounts 2023-11-01 2024-10-31 05492273 frs-bus:SmallEntities 2023-11-01 2024-10-31 05492273 frs-bus:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 05492273 frs-bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 05492273 1 2023-11-01 2024-10-31 05492273 frs-bus:Director1 2023-11-01 2024-10-31 05492273 frs-bus:CompanySecretary1 2023-11-01 2024-10-31 05492273 frs-countries:EnglandWales 2023-11-01 2024-10-31 05492273 2022-10-31 05492273 2023-10-31 05492273 2022-11-01 2023-10-31 05492273 frs-core:CurrentFinancialInstruments 2023-10-31 05492273 frs-core:ShareCapital 2023-10-31 05492273 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31
Registered number: 05492273
Valve & Process Solutions Limited
Unaudited Financial Statements
For The Year Ended 31 October 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 05492273
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 47,033 27,732
47,033 27,732
CURRENT ASSETS
Stocks 5 1,320,595 1,156,290
Debtors 6 1,493,755 1,639,562
Cash at bank and in hand 327,319 312,960
3,141,669 3,108,812
Creditors: Amounts Falling Due Within One Year 7 (1,531,701 ) (1,718,561 )
NET CURRENT ASSETS (LIABILITIES) 1,609,968 1,390,251
TOTAL ASSETS LESS CURRENT LIABILITIES 1,657,001 1,417,983
NET ASSETS 1,657,001 1,417,983
CAPITAL AND RESERVES
Called up share capital 100 100
Profit and Loss Account 1,656,901 1,417,883
SHAREHOLDERS' FUNDS 1,657,001 1,417,983
Page 1
Page 2
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
S S Pearson
Director
27th February 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Valve & Process Solutions Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05492273 . The registered office is Unit 1 Whittington Way, Old Whittington, Chesterfield , S41 9AG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 15% on cost
Plant & Machinery 20% on cost
Fixtures & Fittings 20% on cost
Computer Equipment 33% on cost
2.4. Taxation
Corporation tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
2.5. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 22 (2023: 21)
22 21
4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 November 2023 19,372 21,429 76,746 85,173 202,720
Additions - 3,500 24,207 16,874 44,581
As at 31 October 2024 19,372 24,929 100,953 102,047 247,301
Depreciation
As at 1 November 2023 19,372 19,562 61,892 74,162 174,988
Provided during the period - 2,159 16,520 6,601 25,280
As at 31 October 2024 19,372 21,721 78,412 80,763 200,268
...CONTINUED
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Net Book Value
As at 31 October 2024 - 3,208 22,541 21,284 47,033
As at 1 November 2023 - 1,867 14,854 11,011 27,732
5. Stocks
2024 2023
£ £
Stock 1,320,595 1,156,290
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,098,543 1,592,001
Prepayments and accrued income 3,133 19,761
Other debtors 27,040 27,800
Amounts owed by group undertakings 365,039 -
1,493,755 1,639,562
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 953,046 1,116,102
Corporation tax 180,047 193,858
Other taxes and social security 24,387 22,287
VAT 68,468 136,569
Other creditors 29,174 28,584
Accruals and deferred income 15,926 24,877
Payments on account 260,653 196,284
1,531,701 1,718,561
8. Related Party Transactions
During the year the company made loans to Valve & Process Holdings Limited, a company controlled by S S Pearson. As at the year end £365,039 was owed by Valve & Process Holdings Limited (2023: £nil).
9. Ultimate Controlling Party
The company's ultimate controlling party is S S Pearson by virtue of his majority share in Valve and Process Holdings Limited.
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