Valleycrest Construction Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03056221

Valleycrest Construction Limited

Filleted Unaudited Financial Statements

31 August 2025

Valleycrest Construction Limited

Financial Statements

Year ended 31 August 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Valleycrest Construction Limited

Statement of Financial Position

31 August 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		11,854		15,803

Current assets

Stocks		1,100	1,100
Debtors	6	38,503	45,808
Cash at bank and in hand		13,200	1,674
		--------	--------
		52,803	48,582

Creditors: amounts falling due within one year	7	89,740		97,104
		--------		--------
Net current liabilities			36,937		48,522
			--------		--------
Total assets less current liabilities			( 25,083)		( 32,719)

Creditors: amounts falling due after more than one year	8	–	2,992
		--------	--------
Net liabilities		( 25,083)	( 35,711)
		--------	--------

Capital and reserves

Called up share capital	9	2	2
Profit and loss account		( 25,085)	( 35,713)
		--------	--------
Shareholders deficit		( 25,083)	( 35,711)
		--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 August 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 financial statements for the year in question in accordance with section 476 ;

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

Valleycrest Construction Limited

Statement of Financial Position (continued)

31 August 2025

These financial statements were approved by the board of directors and authorised for issue on 25 September 2025 , and are signed on behalf of the board by:

Mr G M Moroney

Director

Company registration number: 03056221

Valleycrest Construction Limited

Notes to the Financial Statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Printing House, 66 Lower Road, Harrow, Middlesex, HA2 0DH.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The going concern basis has been used. Of the company's liabilities £72,345 is owed to the directors and it has been agreed that repayment will not be demanded whilst such action would adversely affect the company's operations. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of the assets to their recoverable amount and to provide for any further liabilities that might arise.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures, Fittings and Equipment	-	10% reducing balance
Motor Vehicles	-	25% reducing balance
Plant and Equipment	-	25% reducing balance

Depreciation on vehicle additions is charged pro-rata in relation to the length of ownership in the year, rather than with a full years charge in the year of addition. This is considered more appropriate, given the materiality of the charge.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 2 ).

5. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 September 2024 and 31 August 2025	160	80,310	1,450	81,920
	----	--------	-------	--------
Depreciation
At 1 September 2024	151	64,524	1,442	66,117
Charge for the year	1	3,946	2	3,949
	----	--------	-------	--------
At 31 August 2025	152	68,470	1,444	70,066
	----	--------	-------	--------
Carrying amount
At 31 August 2025	8	11,840	6	11,854
	----	--------	-------	--------
At 31 August 2024	9	15,786	8	15,803
	----	--------	-------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	38,314	45,317
Other debtors	189	491
	--------	--------
	38,503	45,808
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	2,992	3,609
Trade creditors	5,178	13,132
Accruals and deferred income	2,372	1,250
Social security and other taxes	4,362	583
Obligations under finance leases and hire purchase contracts	–	3,017
Director loan accounts	72,345	71,646
Other creditors	2,491	3,867
	--------	--------
	89,740	97,104
	--------	--------

The bank loans and overdrafts amount relates to a bounce back loan which is secured by a government guarantee. The hire purchase agreement is secured on the asset to which it relates.

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	–	2,992
	----	-------

The bank loans and overdrafts amount relates to a bounce back loan which is secured by a government guarantee. The hire purchase agreement is secured on the asset to which it relates.

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	2	2	2	2
	----	----	----	----