REGISTERED NUMBER: 07437179 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Paul Valentine T/A Valco Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr P Valentine

REGISTERED OFFICE:

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

REGISTERED NUMBER:

07437179 (England and Wales)

ACCOUNTANTS:

Dunn & Ellis Cyf

Chartered Accountants

Adeilad St David's Building

Stryd Lombard Street

Porthmadog

Gwynedd

LL49 9AP

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

24,908

28,535

Investments

6

35,000

2,500

59,908

31,035

CURRENT ASSETS

Debtors

7

1,907

1,907

Cash at bank

114,603

122,972

116,510

124,879

CREDITORS

Amounts falling due within one year

8

126,553

108,333

NET CURRENT (LIABILITIES)/ASSETS

(10,043

)

16,546

TOTAL ASSETS LESS CURRENT LIABILITIES

49,865

47,581

PROVISIONS FOR LIABILITIES

4,858

5,422

NET ASSETS

45,007

42,159

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

44,907

42,059

SHAREHOLDERS' FUNDS

45,007

42,159

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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 September 2025 and were signed by:

Mr P Valentine - Director

1.	STATUTORY INFORMATION

Paul Valentine T/A Valco 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of customers 2018, has been amortised evenly over it's estimated useful life of 3 years

Tangible fixed assets

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

Plant and machinery etc

-

20% on reducing balance

Fixed assets are stated at their cost price, less accumulated depreciation and less amounts recognised in respect of impairment

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

22,499

AMORTISATION

At 1 January 2024

and 31 December 2024

22,499

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

50,438

Additions

2,599

At 31 December 2024

53,037

DEPRECIATION

At 1 January 2024

21,903

Charge for year

6,226

At 31 December 2024

28,129

NET BOOK VALUE

At 31 December 2024

24,908

At 31 December 2023

28,535

6.	FIXED ASSET INVESTMENTS

31.12.24

31.12.23

£

£

Other investments not loans

2,500

2,500

Other loans

32,500

-

35,000

2,500

Additional information is as follows:

Other

investments

£

COST

At 1 January 2024

and 31 December 2024

2,500

NET BOOK VALUE

At 31 December 2024

2,500

At 31 December 2023

2,500

Other

loans

£

New in year

32,500

At 31 December 2024

32,500

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

1,907

1,907

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

88

-

Taxation and social security

16,907

10,246

Other creditors

109,558

98,087

126,553

108,333

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £37,200 were paid to the director .