Company Registration No. 08641336 (England and Wales)
Vallis Management Limited
Unaudited accounts
for the year ended 31 August 2024
Vallis Management Limited
Unaudited accounts
Contents
Vallis Management Limited
Company Information
for the year ended 31 August 2024
Company Number
08641336 (England and Wales)
Registered Office
Unit 8F Cefn Llan Science Park
Aberystwyth
Ceredigion
Wales
SY23 3AH
United Kingdom
Vallis Management Limited
Statement of financial position
as at 31 August 2024
Tangible assets
80,767
109,479
Cash at bank and in hand
1,116
1,092
Creditors: amounts falling due within one year
(53,546)
(60,417)
Net current assets
59,493
51,922
Total assets less current liabilities
140,260
161,401
Creditors: amounts falling due after more than one year
(89,762)
(107,957)
Called up share capital
2
2
Profit and loss account
50,496
53,442
Shareholders' funds
50,498
53,444
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 29 May 2025 and were signed on its behalf by
D J Ellis-Jones
Director
Company Registration No. 08641336
Vallis Management Limited
Notes to the Accounts
for the year ended 31 August 2024
Vallis Management Limited is a private company, limited by shares, registered in England and Wales, registration number 08641336. The registered office is Unit 8F Cefn Llan Science Park, Aberystwyth, Ceredigion, Wales, SY23 3AH, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straight Line
Motor vehicles
25% Straight Line
Fixtures & fittings
20% Straight Line
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
27,020
135,673
5,998
168,691
At 31 August 2024
27,020
135,673
5,998
168,691
At 1 September 2023
13,455
40,158
5,599
59,212
Charge for the year
5,270
23,342
100
28,712
At 31 August 2024
18,725
63,500
5,699
87,924
At 31 August 2024
8,295
72,173
299
80,767
At 31 August 2023
13,565
95,515
399
109,479
Vallis Management Limited
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Trade debtors
(18,809)
(7,370)
Other debtors
130,732
118,617
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,392
3,677
Taxes and social security
42,297
29,345
Other creditors
8,857
27,395
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
55,256
-
Other creditors
3,886
66,401
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).