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Vally Paving Ltd
Registered Number:11003199
For the year ended 31 October 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 October 2024
Vally Paving Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
11003199
As at 31 October 2024
Vally Paving Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
488
616
2
488
616
Current assets
Trade and other receivables
2,875
-
3
15,234
Cash and cash equivalents
6,080
6,080
18,109
Trade and other payables: amounts falling due within one year
(12,963)
(1,900)
4
5,146
4,180
Net current assets
Total assets less current liabilities
4,668
5,762
1
27
Provisions for liabilities
4,669
Net assets
5,789
Capital and reserves
Called up share capital
1
1
Retained earnings
4,668
5,788
4,669
5,789
Shareholders' funds
For the year ended 31 October 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 of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Valentin Apostol Director
These financial statements were approved and authorised for issue by the Board on 07 July 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 October 2024
Vally Paving Ltd
Notes to the Financial Statements
Statutory Information
Vally Paving Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
11003199.
Registered address:
38 Jackfield Street
Stoke on Trent
Staffordshire
ST6 1ET
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, 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:
Plant and Machinery
25% Reducing balance
20% Reducing balance
Motor Vehicles
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straightline basis over the period of the lease.
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5
For the year ended 31 October 2024
Vally Paving Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor Vehicles
Plant and
Machinery
£
£
£
Cost or valuation
At 01 November 2023
2,216
1,995
221
At 31 October 2024
221
1,995
2,216
Provision for depreciation and impairment
At 01 November 2023
1,600
1,472
128
Charge for year
128
105
23
At 31 October 2024
1,728
1,577
151
At 31 October 2024
Net book value
70
418
488
At 31 October 2023
93
523
616
3. Trade and other receivables
2023
2024
£
£
Other debtors
-
2,875
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Taxation and social security
1,021
137
Other creditors
879
12,826
1,900
12,963
5. Related party transactions
Included within other creditors is the balance of £520 (2023 - £12,705) relating to the directors loan account. This loan is
interest free with no fixed date of repayment.
6. Average number of persons employed
During the year the average number of employees was 1 (2023 : 1)
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