1 November 2024 false No description of principal activity Taxfiler 2024.6 NI665144 business:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 NI665144 2024-10-31 NI665144 2024-11-01 2025-10-31 NI665144 business:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 NI665144 business:FilletedAccounts 2024-11-01 2025-10-31 NI665144 2025-10-31 NI665144 business:Director1 2024-11-01 2025-10-31 NI665144 business:RegisteredOffice 2024-11-01 2025-10-31 NI665144 2024-10-31 NI665144 core:WithinOneYear 2025-10-31 NI665144 core:WithinOneYear 2024-10-31 NI665144 core:AfterOneYear 2025-10-31 NI665144 core:AfterOneYear 2024-10-31 NI665144 core:ShareCapital core:PreviouslyStatedAmount 2025-10-31 NI665144 core:ShareCapital core:PreviouslyStatedAmount 2024-10-31 NI665144 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-10-31 NI665144 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-10-31 NI665144 core:PreviouslyStatedAmount 2025-10-31 NI665144 core:PreviouslyStatedAmount 2024-10-31 NI665144 business:SmallEntities 2024-11-01 2025-10-31 NI665144 countries:NorthernIreland 2024-11-01 2025-10-31 NI665144 core:MotorVehicles 2024-10-31 NI665144 core:MotorVehicles 2025-10-31 NI665144 core:MotorVehicles 2024-11-01 2025-10-31 NI665144 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure
Company Registration No. NI665144 (Northern Ireland)
Vallely Electrical Ltd Unaudited accounts for the year ended 31 October 2025
Vallely Electrical Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Vallely Electrical Ltd Company Information for the year ended 31 October 2025
Director
Maria Vallely
Company Number
NI665144 (Northern Ireland)
Registered Office
21 Outleckan Road Belleeks Newry County Down BT35 7QU Northern Ireland
- 3 -
Vallely Electrical Ltd Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
17,412
22,534
Current assets
Debtors
5
38,123
57,314
Cash at bank and in hand
2,540
1,587
40,663
58,901
Creditors: amounts falling due within one year
6
(9,004)
(31,802)
Net current assets
31,659
27,099
Total assets less current liabilities
49,071
49,633
Creditors: amounts falling due after more than one year
7
(39,450)
(39,450)
Net assets
9,621
10,183
Capital and reserves
Called up share capital
100
100
Profit and loss account
9,521
10,083
Shareholders' funds
9,621
10,183
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 November 2025 and were signed on its behalf by
Maria Vallely Director Company Registration No. NI665144
- 4 -
Vallely Electrical Ltd Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
Vallely Electrical Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI665144. The registered office is 21 Outleckan Road, Belleeks, Newry, County Down, BT35 7QU, Northern Ireland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Motor vehicles
£
Cost or valuation
At cost
At 1 November 2024
51,216
At 31 October 2025
51,216
Depreciation
At 1 November 2024
28,682
Charge for the year
5,122
At 31 October 2025
33,804
Net book value
At 31 October 2025
17,412
At 31 October 2024
22,534
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
-
45,820
Other debtors
38,123
11,494
38,123
57,314
- 5 -
Vallely Electrical Ltd Notes to the Accounts for the year ended 31 October 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
5,929
5,929
Taxes and social security
3,075
25,873
9,004
31,802
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
39,450
39,450
8
Average number of employees
During the year the average number of employees was 0 (2024: 0).
- 6 -