Acorah Software Products - Accounts Production 16.3.350 false true true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 11503284 Mr Kevin Eckert Mrs Natalia Krystyna iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11503284 2023-08-31 11503284 2024-08-31 11503284 2023-09-01 2024-08-31 11503284 frs-core:CurrentFinancialInstruments 2024-08-31 11503284 frs-core:Non-currentFinancialInstruments 2024-08-31 11503284 frs-core:BetweenOneFiveYears 2024-08-31 11503284 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-09-01 2024-08-31 11503284 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-08-31 11503284 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 11503284 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-31 11503284 frs-core:MotorVehicles 2024-08-31 11503284 frs-core:MotorVehicles 2023-09-01 2024-08-31 11503284 frs-core:MotorVehicles 2023-08-31 11503284 frs-core:OtherResidualIntangibleAssets 2024-08-31 11503284 frs-core:OtherResidualIntangibleAssets 2023-08-31 11503284 frs-core:PlantMachinery 2024-08-31 11503284 frs-core:PlantMachinery 2023-09-01 2024-08-31 11503284 frs-core:PlantMachinery 2023-08-31 11503284 frs-core:WithinOneYear 2024-08-31 11503284 frs-core:ShareCapital 2024-08-31 11503284 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 11503284 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 11503284 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 11503284 frs-bus:SmallEntities 2023-09-01 2024-08-31 11503284 frs-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 11503284 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 11503284 frs-core:DeferredTaxation 2023-09-01 2024-08-31 11503284 frs-core:DeferredTaxation 2023-08-31 11503284 frs-core:DeferredTaxation 2024-08-31 11503284 frs-bus:Director1 2023-09-01 2024-08-31 11503284 frs-bus:Director2 2023-09-01 2024-08-31 11503284 frs-countries:EnglandWales 2023-09-01 2024-08-31 11503284 2022-08-31 11503284 2023-08-31 11503284 2022-09-01 2023-08-31 11503284 frs-core:CurrentFinancialInstruments 2023-08-31 11503284 frs-core:Non-currentFinancialInstruments 2023-08-31 11503284 frs-core:BetweenOneFiveYears 2023-08-31 11503284 frs-core:WithinOneYear 2023-08-31 11503284 frs-core:ShareCapital 2023-08-31 11503284 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 11503284
VALU CONSTRUCTION LIMITED
Financial Statements
For The Year Ended 31 August 2024
The Curtis Partnership
1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB
Contents
Page
Accountant's Report 1
Statement of Financial Position 2—3
Notes to the Financial Statements 4—8
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of VALU CONSTRUCTION LIMITED for the year ended 31 August 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of VALU CONSTRUCTION LIMITED which comprise the Income Statement, the Statement of Financial Position and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of VALU CONSTRUCTION LIMITED , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of VALU CONSTRUCTION LIMITED and state those matters that we have agreed to state to the directors of VALU CONSTRUCTION LIMITED , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than VALU CONSTRUCTION LIMITED and its directors as a body for our work or for this report.
It is your duty to ensure that VALU CONSTRUCTION LIMITED has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of VALU CONSTRUCTION LIMITED . You consider that VALU CONSTRUCTION LIMITED is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of VALU CONSTRUCTION LIMITED . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
9th December 2024
The Curtis Partnership
1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB
Page 1
Page 2
Statement of Financial Position
Registered number: 11503284
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 808 808
Tangible Assets 5 247,970 47,155
248,778 47,963
CURRENT ASSETS
Stocks 6 198,018 62,224
Debtors 7 440,401 476,643
Cash at bank and in hand 1 134,507
638,420 673,374
Creditors: Amounts Falling Due Within One Year 8 (332,211 ) (225,302 )
NET CURRENT ASSETS (LIABILITIES) 306,209 448,072
TOTAL ASSETS LESS CURRENT LIABILITIES 554,987 496,035
Creditors: Amounts Falling Due After More Than One Year 9 (236,916 ) (121,918 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 11 (9,594 ) (9,431 )
NET ASSETS 308,477 364,686
CAPITAL AND RESERVES
Called up share capital 13 2 2
Income Statement 308,475 364,684
SHAREHOLDERS' FUNDS 308,477 364,686
Page 2
Page 3
For the year ending 31 August 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 directors acknowledge their 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 Income Statement.
On behalf of the board
Mr Kevin Eckert
Director
Mrs Natalia Krystyna
Director
9th December 2024
The notes on pages 4 to 8 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
VALU CONSTRUCTION LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 11503284 . The registered office is 1 Tape Street, Cheadle, Stoke-on-Trent, Staffordshire, ST10 1BB.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are .... It is amortised to income statement over its estimated economic life of .... years.
2.5. 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:
Freehold 2% Reducing Balance
Plant & Machinery 25% Reducing balance basis
Motor Vehicles 25% Reducing balance basis
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2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the income statement so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to income statement as incurred.
2.7. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.8. Taxation
Income 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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2.9. Government Grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income statement. Grants towards general activities of the entity over a specific period are recognised in the income statement over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income statement over the useful life of the asset concerned.
All grants in the income statement are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 7)
5 7
4. Intangible Assets
Other
£
Cost
As at 1 September 2023 808
As at 31 August 2024 808
Net Book Value
As at 31 August 2024 808
As at 1 September 2023 808
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Motor Vehicles Total
£ £ £ £
Cost
As at 1 September 2023 - 18,269 55,425 73,694
Additions 200,000 4,223 23,100 227,323
Disposals - - (14,000 ) (14,000 )
As at 31 August 2024 200,000 22,492 64,525 287,017
Depreciation
As at 1 September 2023 - 9,609 16,930 26,539
Provided during the period - 3,234 12,774 16,008
Disposals - - (3,500 ) (3,500 )
As at 31 August 2024 - 12,843 26,204 39,047
...CONTINUED
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Net Book Value
As at 31 August 2024 200,000 9,649 38,321 247,970
As at 1 September 2023 - 8,660 38,495 47,155
6. Stocks
2024 2023
£ £
Work in progress 198,018 62,224
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 82,898 23,750
Prepayments and accrued income 35,938 171,671
Other debtors 245,961 234,490
VAT 15,237 46,732
Other taxes and social security 60,367 -
440,401 476,643
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 21,701 15,926
Trade creditors 1,152 86
Bank loans and overdrafts 63,300 54,258
Corporation tax 67,939 95,631
Other creditors 2,501 2,501
Accruals and deferred income 25,795 55,388
Directors' loan accounts 149,823 1,512
332,211 225,302
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 26,427 26,477
Bank loans 210,489 95,441
236,916 121,918
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 21,701 15,926
Later than one year and not later than five years 26,427 26,477
48,128 42,403
48,128 42,403
11. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 9,594 9,431
12. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 September 2023 9,431 9,431
Deferred taxation 163 163
Balance at 31 August 2024 9,594 9,594
13. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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