Company registration number: 14685872
Unaudited financial statements
for the year ended 28 February 2025
for
Valen Power Engineering Ltd
Pages for filing with the Registrar
Company registration number: 14685872
Valen Power Engineering Ltd
Balance sheet
as at 28 February 2025
28 Feb 25 29 Feb 24
Note £ £ £ £
Fixed assets
Tangible assets 4 185,090 78,736
185,090 78,736
Current assets
Debtors 233,732 111,625
Cash at bank and in hand 146,944 165,571
380,676 277,196
Creditors: amounts falling due within one
year 		(278,995) (245,682)
Net current assets 101,681 31,514
Total assets less current liabilities 286,771 110,250
NET ASSETS 286,771 110,250
Capital and reserves
Called up share capital 150 150
Profit and loss account 286,621 110,100
TOTAL EQUITY 286,771 110,250
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 28 February 2025.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 14685872
Valen Power Engineering Ltd
Balance sheet - continued
as at 28 February 2025
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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 14 April 2025 and signed on its behalf by:
Mr J Simmons, Director
14 April 2025
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Valen Power Engineering Ltd
Notes to the financial statements
for the year ended 28 February 2025
1 Company information
Valen Power Engineering Ltd is a private company registered in England and Wales. Its registered number is 14685872. The company is limited by shares. Its registered office is 53, King Street, Manchester, Lancashire, M2 4LQ.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Plant and Machinery - Straight line basis at 20% and 25%.
Computer Equipment - 25% straight line
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current 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.
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Valen Power Engineering Ltd
Notes to the financial statements - continued
for the year ended 28 February 2025
2 Accounting policies - continued
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 7 (2024 - 4).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 March 2024 78,736
Additions 161,597
At 28 February 2025 240,333
Depreciation
Charge for year 55,243
At 28 February 2025 55,243
Net book value
At 28 February 2025 185,090
At 29 February 2024 78,736
If Plant and Machinery had not been revalued, Plant. Property & Equipment would have been included at the following historical cost:
28 Feb 25 29 Feb 24
£ £
Cost 185,090 78,736
Accumulated depreciation 55,243 -
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Valen Power Engineering Ltd
Notes to the financial statements - continued
for the year ended 28 February 2025
5 Advances, credit and guarantees granted to directors
The following advances and credits to directors subsisted during the periods ended 28 February 2025 and 29 February 2024.
28 Feb 25 29 Feb 24
£ £
Jackson Forshaw
Balance outstanding at start of year 18,071 -
Amounts advanced 71,691 18,071
Amounts repaid (85,420) -
Balance outstanding at end of year 4,342 18,071
28 Feb 25 29 Feb 24
£ £
Jamie Simmons
Balance outstanding at start of year 18,071 -
Amounts advanced 53,691 18,071
Amounts repaid (67,124) -
Balance outstanding at end of year 4,638 18,071
28 Feb 25 29 Feb 24
£ £
Craig Kilkenny
Amounts advanced 11,675 -
Amounts repaid (16,342) -
Balance outstanding at end of year (4,667) -
6 Guarantees and other financial commitments
The company as at 28.02.2025 had outstanding financial commitments in relation to HP leases of £68,312 (2024: £79,358).
7 Controlling party
The directors are the ultimate controlling parties by virtue of their shareholding.
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