Valensis UK Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08691275 (England and Wales)

Valensis UK Ltd

Unaudited Financial Statements for the Year Ended 31 December 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A C Palliser

Miss P M Lane

REGISTERED OFFICE:

Alder Lake Farm

Oxbottom Lane

Newick

East Sussex

BN8 4FD

REGISTERED NUMBER:

08691275 (England and Wales)

ACCOUNTANTS:

Swindells LLP

Chartered Accountants

Atlantic House

8 Bell Lane

Bellbrook Industrial Estate

Uckfield

East Sussex

TN22 1QL

FIXED ASSETS

Tangible assets

4

4,505

1,124

CURRENT ASSETS

Debtors

5

25,459

41,511

Cash at bank and in hand

27,658

12,477

53,117

53,988

CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

6

27,867

43,578

NET CURRENT ASSETS

25,250

10,410

TOTAL ASSETS LESS CURRENT
LIABILITIES

29,755

11,534

PROVISIONS FOR LIABILITIES

984

108

NET ASSETS

28,771

11,426

CAPITAL AND RESERVES

Called up share capital

7

2

Retained earnings

28,769

11,424

SHAREHOLDERS' FUNDS

28,771

11,426

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

Mr A C Palliser - Director

1.	STATUTORY INFORMATION

Valensis UK Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 revenue, net of VAT, from commercial transactions under which the company supplies the services that it is in the business to provide and it is recognised when it obtains, through performance under contract, the right to consideration for those services.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Training equipment

-

25% on cost

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Training

Computer

equipment

Totals

£

COST

At 1 January 2024

5,227

4,037

9,264

Additions

-

5,381

At 31 December 2024

5,227

9,418

14,645

DEPRECIATION

At 1 January 2024

5,139

3,001

8,140

Charge for year

88

1,912

2,000

At 31 December 2024

5,227

4,913

10,140

NET BOOK VALUE

At 31 December 2024

-

4,505

At 31 December 2023

88

1,036

1,124

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

1,503

17,555

Other debtors

23,956

25,459

41,511

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Taxation and social security

24,638

20,998

Other creditors

3,229

22,580

27,867

43,578

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

2

Ordinary

£1

2

8.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £23,950 (2023: £23,950) by a company with similar directors and shareholders. This loan is interest free, unsecured and repayable on demand.

During the year, the company paid dividends to its directors totalling £46,200 (2023: £73,100).