REGISTERED NUMBER: 04083300 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

VALLEY CONFIRMING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Director:

G Parkinson

Secretary:

C Gembalczyk

Registered office:

3rd Floor Northern Assurance Buildings

9-21 Princess Street

Manchester

Greater Manchester

M2 4DN

Registered number:

04083300 (England and Wales)

Auditors:

S&W Audit

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

Fixed assets

Tangible assets

5

-

31

Current assets

Stocks

219,040

219,040

Debtors

6

2,206,983

1,112,898

Cash at bank

1,492,943

1,514,193

3,918,966

2,846,131

Creditors

Amounts falling due within one year

7

1,201,876

132,139

Net current assets

2,717,090

2,713,992

Total assets less current liabilities

2,717,090

2,714,023

Capital and reserves

Called up share capital

9

400,100

400,100

Retained earnings

2,316,990

2,313,923

Shareholders' funds

2,717,090

2,714,023

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2025 and were signed by:

G Parkinson - Director

1.	Statutory information

Valley Confirming 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.

The company's trading address is Mirwell House, Carrington Lane, Sale M33 5NL.

2.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

(a) The directors do not believe there are any critical judgements in applying the company's accounting policies.

(b) The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

(i) Bad debt provision

When assessing the recoverability of a business loan made the company will first assess the debtors ability to repay the loan in cash. A bad debt provision is then made to write down the loan to the estimated recoverable amount.

(ii) Stock provision

The company assesses the recoverable amount of stocks at each year end and makes any necessary provisions to write down the stock.

Turnover

Fees and commission are earned on the provision of trade finance facilities, less associated costs, and are recognised on the accruals basis as services are provided.

Tangible fixed assets

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

Fixtures and fittings

-

Straight line over 6 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors and bank overdrafts that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Loans receivable

Loans granted to third parties are included in other debtors. These are secured by a legal charge and are registered against the customers' property. In many instances additional security is obtained in the form of personal guarantees.

Where the loan is in default and the property is repossessed the company becomes mortgagee in possession. The company puts a value on the property and compares it to the book value of the loan. In the event the value is lower a provision is made to reduce the loan to its net realisable value.

Other income

Other income relates to introduction fees and it is recognised on an accruals basis in the period to which it relates.

4.	Employees and directors

The average number of employees during the year was 1 (2024 - 1 ) .

5.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 April 2024

and 31 March 2025

3,832

Depreciation

At 1 April 2024

3,801

Charge for year

31

At 31 March 2025

3,832

Net book value

At 31 March 2025

-

At 31 March 2024

31

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

1,641,971

644,778

Other debtors

565,012

468,120

2,206,983

1,112,898

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

69,140

-

Trade creditors

73,564

73,256

Taxation and social security

988

-

Other creditors

1,058,184

58,883

1,201,876

132,139

8.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

69,140

-

Bank overdrafts are secured by a debenture over all assets of the company.

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

400,100

Ordinary

£1

400,100

400,100

10.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Angela Chorlton FCA (Senior Statutory Auditor)

for and on behalf of S&W Audit

11.	Contingent liabilities

The company arranges Letters of credit on behalf of customers, these letters of credit are taken out in the name of Valley Confirming Limited. At the year end there were Letters of credit totalling £nil (2024 - £127,606) which had been arranged but not yet settled.