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REGISTERED NUMBER: 05690603 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

THE VALVE SHOP CAR SPARES LIMITED

THE VALVE SHOP CAR SPARES LIMITED (REGISTERED NUMBER: 05690603)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE VALVE SHOP CAR SPARES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: J A Hatter





REGISTERED OFFICE: 29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA





REGISTERED NUMBER: 05690603 (England and Wales)





ACCOUNTANTS: Lemans
Chartered Certified Accountants
29 Arboretum Street
Nottingham
Nottinghamshire
NG1 4JA

THE VALVE SHOP CAR SPARES LIMITED (REGISTERED NUMBER: 05690603)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 28,000 28,000
Tangible assets 5 - -
28,000 28,000

CURRENT ASSETS
Stocks 125,000 125,000
Debtors 6 16,472 14,000
Cash at bank and in hand 20,530 33,283
162,002 172,283
CREDITORS
Amounts falling due within one year 7 45,149 40,566
NET CURRENT ASSETS 116,853 131,717
TOTAL ASSETS LESS CURRENT
LIABILITIES

144,853

159,717

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 144,852 159,716
SHAREHOLDERS' FUNDS 144,853 159,717

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 June 2025 and were signed by:



J A Hatter - Director


THE VALVE SHOP CAR SPARES LIMITED (REGISTERED NUMBER: 05690603)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

The Valve Shop Car Spares Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 paid in connection with the acquisition of the business in 2010 was not amortised in the current year. The director believes that the value of the goodwill attaching to the company is at least the amount included on the balance sheet. The useful life is unknown.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation.

Tangible fixed assets
Depreciation is not provided with assets included at a minimum amount.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current tax and is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

THE VALVE SHOP CAR SPARES LIMITED (REGISTERED NUMBER: 05690603)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2023
and 30 September 2024 68,000
AMORTISATION
At 1 October 2023
and 30 September 2024 40,000
NET BOOK VALUE
At 30 September 2024 28,000
At 30 September 2023 28,000

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2023
and 30 September 2024 2,500
DEPRECIATION
At 1 October 2023
and 30 September 2024 2,500
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 16,472 14,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 5,235 -
Trade creditors 1,686 998
Corporation tax 23,508 26,476
Social security and other taxes 13,262 7,185
Directors' current accounts 1,458 5,907
45,149 40,566

THE VALVE SHOP CAR SPARES LIMITED (REGISTERED NUMBER: 05690603)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
1 Ordinary shares £1 1 1