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Registration number: 04630241

The Sid Valley Company Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 31 March 2025

 

The Sid Valley Company Limited

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

The Sid Valley Company Limited

Company Information

Directors

S W Eley

J M Eley

Registered office

Ridgeway Farmhouse
Ridgeway
Sidbury
Sidmouth
Devon
EX10 0SF

Accountants

Easterbrook Eaton Limited
Chartered AccountantsCosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS

 

The Sid Valley Company Limited

(Registration number: 04630241)
Abridged Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

5,134

4,894

Current assets

 

Stocks

5

63,674

62,554

Debtors

82

82

 

63,756

62,636

Creditors: Amounts falling due within one year

(134,962)

(121,508)

Net current liabilities

 

(71,206)

(58,872)

Total assets less current liabilities

 

(66,072)

(53,978)

Creditors: Amounts falling due after more than one year

(766)

(5,589)

Net liabilities

 

(66,838)

(59,567)

Capital and reserves

 

Called up share capital

6

4

4

Retained earnings

(66,842)

(59,571)

Shareholders' deficit

 

(66,838)

(59,567)

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 August 2025 and signed on its behalf by:
 

.........................................
S W Eley
Director

 

The Sid Valley Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Ridgeway Farmhouse
Ridgeway
Sidbury
Sidmouth
Devon
EX10 0SF

The principal place of business is:
Fore Street
Sidbury
Devon
EX10 OSD
England

These financial statements were authorised for issue by the Board on 7 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Government grants

Goverment grants relating to the Coronavirus pandemic have been recognised within the financial statements on an accruals basis, related to the entitlement being met without any further conditions.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

The Sid Valley Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

Asset class

Depreciation method and rate

Fixtures and Fittings

10% p.a reducing balance basis.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

 

The Sid Valley Company Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2025

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2024

1,750

15,561

17,311

Additions

-

616

616

At 31 March 2025

1,750

16,177

17,927

Depreciation

At 1 April 2024

-

12,417

12,417

Charge for the year

-

376

376

At 31 March 2025

-

12,793

12,793

Carrying amount

At 31 March 2025

1,750

3,384

5,134

At 31 March 2024

1,750

3,144

4,894

Included within the net book value of land and buildings above is £1,750 (2024 - £1,750) in respect of short leasehold land and buildings.
 

5

Stocks

2025
£

2024
£

Other inventories

63,674

62,554

6

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary Shares of £1 each

4

4

4

4