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REGISTERED NUMBER: 07011435 (England and Wales)












VALE LIVESTOCK COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






VALE LIVESTOCK COMPANY LIMITED (REGISTERED NUMBER: 07011435)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


VALE LIVESTOCK COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTOR: R W Moore





SECRETARY: Mrs M Moore





REGISTERED OFFICE: Moore's Yard
Hemingby Lane
Horncastle
Lincolnshire
LN9 5PN





REGISTERED NUMBER: 07011435 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe
Chartered Certified Accountants
Rollestone House
20-22 Bridge Street
Horncastle
Lincolnshire
LN9 5HZ

VALE LIVESTOCK COMPANY LIMITED (REGISTERED NUMBER: 07011435)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Property, plant and equipment 5 259,058 174,750
259,058 174,750

CURRENT ASSETS
Inventories 441,597 431,677
Debtors 6 352,207 343,027
Cash at bank 126,768 204,254
920,572 978,958
CREDITORS
Amounts falling due within one year 7 206,818 204,447
NET CURRENT ASSETS 713,754 774,511
TOTAL ASSETS LESS CURRENT
LIABILITIES

972,812

949,261

PROVISIONS FOR LIABILITIES 29,632 26,981
NET ASSETS 943,180 922,280

CAPITAL AND RESERVES
Called up share capital 1 1
Capital redemption reserve 1 1
Retained earnings 943,178 922,278
SHAREHOLDERS' FUNDS 943,180 922,280

VALE LIVESTOCK COMPANY LIMITED (REGISTERED NUMBER: 07011435)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 20 August 2025 and were signed by:





R W Moore - Director


VALE LIVESTOCK COMPANY LIMITED (REGISTERED NUMBER: 07011435)

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


1. STATUTORY INFORMATION

Vale Livestock Company 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.

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 represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

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

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax 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 or deferred taxation assets and liabilities are not discounted.

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 statement of financial position date.

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.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

VALE LIVESTOCK COMPANY LIMITED (REGISTERED NUMBER: 07011435)

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


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 December 2023
and 30 November 2024 37,662
AMORTISATION
At 1 December 2023
and 30 November 2024 37,662
NET BOOK VALUE
At 30 November 2024 -
At 30 November 2023 -

The directors having reviewed Goodwill take the view that the value of the remaining useful life should be amortised over 10 years.

5. PROPERTY, PLANT AND EQUIPMENT
Freehold Plant and Motor Office
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023 50,959 159,071 138,875 6,972 355,877
Additions 67,566 8,000 35,000 2,297 112,863
Disposals - - (8,495 ) - (8,495 )
At 30 November 2024 118,525 167,071 165,380 9,269 460,245
DEPRECIATION
At 1 December 2023 - 105,578 70,328 5,221 181,127
Charge for year - 9,048 18,435 434 27,917
Eliminated on disposal - - (7,857 ) - (7,857 )
At 30 November 2024 - 114,626 80,906 5,655 201,187
NET BOOK VALUE
At 30 November 2024 118,525 52,445 84,474 3,614 259,058
At 30 November 2023 50,959 53,493 68,547 1,751 174,750

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 341,665 307,401
Other debtors - 25,586
Prepayments 10,542 10,040
352,207 343,027

VALE LIVESTOCK COMPANY LIMITED (REGISTERED NUMBER: 07011435)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 70,643 29,684
Corporation Tax 14,131 34,375
Social security and other taxes 11,506 6,952
VAT 18,881 65,748
Other creditors 49,601 47,390
Directors' current accounts 38,900 17,343
Accrued expenses 3,156 2,955
206,818 204,447