Company Registration No. 7886735 (England and Wales)
Vala Evolution Limited
Unaudited accounts
for the year ended 31 December 2024
Vala Evolution Limited
Unaudited accounts
Contents
Vala Evolution Limited
Company Information
for the year ended 31 December 2024
Director
Mr Gregory Parkin
Company Number
7886735 (England and Wales)
Registered Office
67, Neptune Close
Great Yarmouth
United Kingdom
NR31 9GD
UK
Accountants
Sharon Wray Accountancy Services
Black Hall Farm
Traice Road
Fundenhall
Norfolk
NR16 1HQ
Vala Evolution Limited
Statement of financial position
as at 31 December 2024
Tangible assets
2,877
1,946
Cash at bank and in hand
52,120
41,152
Creditors: amounts falling due within one year
(19,292)
(20,027)
Net current assets
40,400
30,725
Called up share capital
100
100
Profit and loss account
43,177
32,571
Shareholders' funds
43,277
32,671
For the year ending 31 December 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 18 July 2025 and were signed on its behalf by
Mr Gregory Parkin
Director
Company Registration No. 7886735
Vala Evolution Limited
Notes to the Accounts
for the year ended 31 December 2024
Vala Evolution Limited is a private company, limited by shares, registered in England and Wales, registration number 7886735. The registered office is 67, Neptune Close, Great Yarmouth, United Kingdom, NR31 9GD, UK.
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:
Fixtures & fittings
25% Reducing balance
Computer equipment
20% Reducing balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
204
2,598
2,802
At 31 December 2024
204
4,256
4,460
At 1 January 2024
76
780
856
Charge for the year
32
695
727
At 31 December 2024
108
1,475
1,583
At 31 December 2024
96
2,781
2,877
At 31 December 2023
128
1,818
1,946
Amounts falling due within one year
Vala Evolution Limited
Notes to the Accounts
for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
16,234
11,637
Loans from directors
73
302
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).