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Registered Number: 10579715
England & Northern Ireland

 

 

 

VALVETECH ENGINEERING LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 February 2024

End date: 31 January 2025
 
 
Notes
 
2025
£
  2024
£
Fixed assets      
Tangible fixed assets 3   848 
  848 
Current assets      
Stocks 4   180,000 
Debtors 5 751    49 
Cash at bank and in hand 13,995    13,999 
14,746    194,048 
Creditors: amount falling due within one year 6 (2,579)   (7,938)
Net current assets 12,167    186,110 
 
Total assets less current liabilities 12,167    186,958 
Creditors: amount falling due after more than one year 7 (26,882)   (88,413)
Net assets (14,715)   98,545 
 

Capital and reserves
     
Called up share capital 8 100    100 
Profit and loss account (14,815)   98,445 
Shareholders' funds (14,715)   98,545 
 


For the year ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 27 June 2025 and were signed on its behalf by:


-------------------------------
Anthony McDonagh
Director
1
General Information
Valvetech Engineering Limited is a private company, limited by shares, registered in England & Northern Ireland, registration number 10579715, registration address Weir Street Light Engineering, Weir Street , Blackburn, BB2 2AN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 30% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 2 (2024 : 2).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 February 2024 1,731    1,731 
Additions  
Disposals (1,731)   (1,731)
At 31 January 2025  
Depreciation
At 01 February 2024 883    883 
Charge for year  
On disposals (883)   (883)
At 31 January 2025  
Net book values
Closing balance as at 31 January 2025  
Opening balance as at 01 February 2024 848    848 


4.

Stocks

2025
£
  2024
£
Stocks   180,000 
  180,000 

5.

Debtors: amounts falling due within one year

2025
£
  2024
£
Prepayments & Accrued Income   49 
VAT 751   
751    49 

6.

Creditors: amount falling due within one year

2025
£
  2024
£
Corporation Tax   3,677 
Accrued Expenses 2,578    3,684 
Other Creditors 1   
VAT   577 
2,579    7,938 

7.

Creditors: amount falling due after more than one year

2025
£
  2024
£
Other Creditors   53,501 
Directors' Loan Accounts - M Whigham 13,441    20,501 
Directors' Loan Accounts - A McDonagh 13,441    14,411 
26,882    88,413 

8.

Share Capital

Allotted, called up and fully paid
2025
£
  2024
£
100 Class A shares of £1.00 each 100    100 
100    100 

2