1 September 2023 false No description of principal activity Taxfiler 2024.6 10318783business:PrivateLimitedCompanyLtd2023-09-012024-08-31 103187832023-08-31 103187832023-09-012024-08-31 10318783business:AuditExemptWithAccountantsReport2023-09-012024-08-31 10318783business:FilletedAccounts2023-09-012024-08-31 103187832024-08-31 10318783business:Director12023-09-012024-08-31 10318783business:RegisteredOffice2023-09-012024-08-31 103187832023-08-31 10318783core:WithinOneYear2024-08-31 10318783core:WithinOneYear2023-08-31 10318783core:AfterOneYear2024-08-31 10318783core:AfterOneYear2023-08-31 10318783core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 10318783core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 10318783core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 10318783core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 10318783core:PreviouslyStatedAmount2024-08-31 10318783core:PreviouslyStatedAmount2023-08-31 10318783business:SmallEntities2023-09-012024-08-31 10318783countries:EnglandWales2023-09-012024-08-31 103187832022-09-012023-08-31 iso4217:GBP xbrli:pure
Company Registration No. 10318783 (England and Wales)
VALHALLA SPORTS LTD Unaudited accounts for the year ended 31 August 2024
VALHALLA SPORTS LTD Unaudited accounts Contents
Page
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VALHALLA SPORTS LTD Company Information for the year ended 31 August 2024
Director
Hanan Abdullah Burki
Company Number
10318783 (England and Wales)
Registered Office
42 Thornbridge Washington NE38 8TJ England
Accountants
Connect Accountants Ltd Kemp House 160 City Road London England EC1V 2NX
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VALHALLA SPORTS LTD Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
1,298 
3,501 
Debtors
3,496 
1,191 
Cash at bank and in hand
481 
824 
5,275 
5,516 
Creditors: amounts falling due within one year
(25,320)
(16,820)
Net current liabilities
(20,045)
(11,304)
Total assets less current liabilities
(20,045)
(11,304)
Creditors: amounts falling due after more than one year
(3,447)
(5,155)
Net liabilities
(23,492)
(16,459)
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(23,493)
(16,460)
Shareholders' funds
(23,492)
(16,459)
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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 May 2025 and were signed on its behalf by
Hanan Abdullah Burki Director Company Registration No. 10318783
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VALHALLA SPORTS LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
VALHALLA SPORTS LTD is a private company, limited by shares, registered in England and Wales, registration number 10318783. The registered office is 42 Thornbridge, Washington, NE38 8TJ, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,496 
1,191 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
25,320 
16,820 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,447 
5,155 
7
Loans to directors
The company owes to the Director Hanan Abdullah Burki at the end of the year £10,860 (2021:£1,760)
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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