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Company Registration No. NI665144 (Northern Ireland)
Vallely Electrical Ltd Unaudited accounts for the year ended 31 October 2023
Vallely Electrical Ltd Unaudited accounts Contents
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Vallely Electrical Ltd Company Information for the year ended 31 October 2023
Director
Maria Vallely
Company Number
NI665144 (Northern Ireland)
Registered Office
21 Outleckan Road Belleeks Newry County Down BT35 7QU Northern Ireland
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Vallely Electrical Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,656 
32,778 
Current assets
Debtors
69,667 
64,876 
Cash at bank and in hand
1,973 
6,961 
71,640 
71,837 
Creditors: amounts falling due within one year
(48,510)
(57,263)
Net current assets
23,130 
14,574 
Total assets less current liabilities
50,786 
47,352 
Creditors: amounts falling due after more than one year
(39,450)
(39,450)
Net assets
11,336 
7,902 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
11,236 
7,802 
Shareholders' funds
11,336 
7,902 
For the year ending 31 October 2023 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 24 July 2025 and were signed on its behalf by
Maria Vallely Director Company Registration No. NI665144
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Vallely Electrical Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Vallely Electrical Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI665144. The registered office is 21 Outleckan Road, Belleeks, Newry, County Down, BT35 7QU, Northern Ireland.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 November 2022
51,216 
At 31 October 2023
51,216 
Depreciation
At 1 November 2022
18,438 
Charge for the year
5,122 
At 31 October 2023
23,560 
Net book value
At 31 October 2023
27,656 
At 31 October 2022
32,778 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
50,810 
64,876 
Other debtors
18,857 
- 
69,667 
64,876 
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Vallely Electrical Ltd Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
5,929 
5,929 
Trade creditors
- 
4,783 
Taxes and social security
25,873 
20,128 
Other creditors
- 
9,715 
Deferred income
16,708 
16,708 
48,510 
57,263 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
39,450 
39,450 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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