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REGISTERED NUMBER: 06800615 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

Valley Home Improvements Ltd

Valley Home Improvements Ltd (Registered number: 06800615)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Valley Home Improvements Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: G D Clark
C Greenham





REGISTERED OFFICE: 1 Acre Field
Evercreech Junction Trading Estate
Evercreech
Shepton Mallet
Somerset
BA4 6NA





REGISTERED NUMBER: 06800615 (England and Wales)





ACCOUNTANTS: Nigelmarks Ltd
North Lodge
South Horrington
Wells
Somerset
BA5 3DZ

Valley Home Improvements Ltd (Registered number: 06800615)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 20,000 25,000
Tangible assets 5 197,411 165,970
217,411 190,970

CURRENT ASSETS
Stocks 37,874 43,888
Debtors 6 164,411 120,350
Cash at bank and in hand 155,691 277,519
357,976 441,757
CREDITORS
Amounts falling due within one year 7 142,114 208,559
NET CURRENT ASSETS 215,862 233,198
TOTAL ASSETS LESS CURRENT
LIABILITIES

433,273

424,168

PROVISIONS FOR LIABILITIES 15,719 7,985
NET ASSETS 417,554 416,183

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 417,454 416,083
SHAREHOLDERS' FUNDS 417,554 416,183

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Valley Home Improvements Ltd (Registered number: 06800615)

Balance Sheet - continued
30 November 2024


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 22 May 2025 and were signed on its behalf by:





G D Clark - Director


Valley Home Improvements Ltd (Registered number: 06800615)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Valley Home Improvements Ltd 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.

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 2009, is being amortised evenly over its estimated useful life of twenty 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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 balance sheet date.


Valley Home Improvements Ltd (Registered number: 06800615)

Notes to the Financial Statements - continued
for the Year Ended 30 November 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 balance sheet 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 8 (2023 - 9 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 100,000
AMORTISATION
At 1 December 2023 75,000
Amortisation for year 5,000
At 30 November 2024 80,000
NET BOOK VALUE
At 30 November 2024 20,000
At 30 November 2023 25,000

Valley Home Improvements Ltd (Registered number: 06800615)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 December 2023 123,943 23,473 8,987
Additions - - 317
Disposals - - -
At 30 November 2024 123,943 23,473 9,304
DEPRECIATION
At 1 December 2023 - 19,365 6,850
Charge for year - 1,015 613
Eliminated on disposal - - -
At 30 November 2024 - 20,380 7,463
NET BOOK VALUE
At 30 November 2024 123,943 3,093 1,841
At 30 November 2023 123,943 4,108 2,137

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2023 105,146 12,899 274,448
Additions 57,820 - 58,137
Disposals (10,840 ) - (10,840 )
At 30 November 2024 152,126 12,899 321,745
DEPRECIATION
At 1 December 2023 70,241 12,022 108,478
Charge for year 22,700 439 24,767
Eliminated on disposal (8,911 ) - (8,911 )
At 30 November 2024 84,030 12,461 124,334
NET BOOK VALUE
At 30 November 2024 68,096 438 197,411
At 30 November 2023 34,905 877 165,970

Valley Home Improvements Ltd (Registered number: 06800615)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 159,352 116,026
Other debtors 5,059 4,324
164,411 120,350

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 71,043 105,563
Taxation and social security 67,989 99,968
Other creditors 3,082 3,028
142,114 208,559

8. ULTIMATE CONTROLLING PARTY

The controlling party is G D Clark.