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Registered number: 03071391
Valley Traction Services Limited
Unaudited Financial Statements
For The Year Ended 28 February 2025
Richard Day Accountants Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 03071391
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 4,242,489 4,386,994
Investments 6 207,766 196,719
4,450,255 4,583,713
CURRENT ASSETS
Stocks 7 24,300 -
Debtors 8 296,425 495,737
Cash at bank and in hand 2,311,656 1,877,784
2,632,381 2,373,521
Creditors: Amounts Falling Due Within One Year 9 (813,575 ) (1,038,935 )
NET CURRENT ASSETS (LIABILITIES) 1,818,806 1,334,586
TOTAL ASSETS LESS CURRENT LIABILITIES 6,269,061 5,918,299
Creditors: Amounts Falling Due After More Than One Year 10 (282,823 ) (395,740 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (693,534 ) (723,681 )
NET ASSETS 5,292,704 4,798,878
CAPITAL AND RESERVES
Called up share capital 12 100 100
Profit and Loss Account 5,292,604 4,798,778
SHAREHOLDERS' FUNDS 5,292,704 4,798,878
Page 1
Page 2
For the year ending 28 February 2025 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 Profit and Loss Account.
On behalf of the board
Mr Shayn Winsor
Director
Mrs Paula Knights
Director
20/05/2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Valley Traction Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03071391 . The registered office is The Cottage, 87 Yarmouth Road, Norwich, NR7 0HF.
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. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life.
2.4. 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% straight line
Leasehold Over the period of the lease
Plant & Machinery 25% reducing balance
Motor Vehicles 20% reducing balance
2.5. 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 profit and loss account 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 profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.7. Taxation
The 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 year 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.
...CONTINUED
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2.7. Taxation - continued
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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 19 (2024: 20)
19 20
4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2024 150,000
As at 28 February 2025 150,000
Amortisation
As at 1 March 2024 150,000
As at 28 February 2025 150,000
Net Book Value
As at 28 February 2025 -
As at 1 March 2024 -
5. Tangible Assets
Land & Property
Freehold Leasehold Plant & Machinery Motor Vehicles Total
£ £ £ £ £
Cost
As at 1 March 2024 1,760,271 14,665 299,061 5,206,000 7,279,997
Additions - - 81,575 587,160 668,735
Disposals - - - (589,488 ) (589,488 )
As at 28 February 2025 1,760,271 14,665 380,636 5,203,672 7,359,244
Depreciation
As at 1 March 2024 187,413 14,665 234,881 2,456,044 2,893,003
Provided during the period 24,794 - 24,149 591,519 640,462
Disposals - - - (416,710 ) (416,710 )
As at 28 February 2025 212,207 14,665 259,030 2,630,853 3,116,755
Net Book Value
As at 28 February 2025 1,548,064 - 121,606 2,572,819 4,242,489
As at 1 March 2024 1,572,858 - 64,180 2,749,956 4,386,994
Page 4
Page 5
6. Investments
Listed
£
Cost
As at 1 March 2024 196,719
Fair value adjustments 11,047
As at 28 February 2025 207,766
Provision
As at 1 March 2024 -
As at 28 February 2025 -
Net Book Value
As at 28 February 2025 207,766
As at 1 March 2024 196,719
7. Stocks
2025 2024
£ £
Stock 24,300 -
8. Debtors
2025 2024
£ £
Due within one year
Trade debtors 281,273 427,161
Prepayments and accrued income 15,152 13,015
Directors' loan accounts - 55,561
296,425 495,737
9. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 209,583 273,604
Trade creditors 115,752 496,835
Corporation tax 201,191 135,580
Other taxes and social security 123,028 34,324
VAT 87,816 22,140
Accruals and deferred income 75,533 73,091
Directors' loan accounts 672 3,361
813,575 1,038,935
10. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 282,823 395,740
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11. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 209,583 273,604
Later than one year and not later than five years 282,823 395,740
492,406 669,344
492,406 669,344
12. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
13. Pension Commitments
The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £2,586 (2024 £2,818) were due to the fund.
14. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2024 Amounts advanced Amounts repaid Amounts written off As at 28 February 2025
£ £ £ £ £
Mr Shayn Winsor 55,561 - 55,561 - -
The above loan is unsecured, interest free and repayable on demand.
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