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Registration number: 00589763

Valentine Equipment Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 October 2025

Valentine Equipment Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 10

Valentine Equipment Limited

Company Information

Directors | R C Witherall P A Sanderson P R K Stott J Pyke FCA

Company secretary | E P Rosier

Registered office | 4 Trafford Road Reading Berkshire RG1 8JS

Accountants | Vale & West Accountancy Services Limited Chartered AccountantsVictoria House 26 Queen Victoria Street Reading Berkshire RG1 1TG

Valentine Equipment Limited

(Registration number: 00589763)
Balance Sheet as at 31 October 2025

| Note | 31 October 2025 £ | 31 October 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 436,219 | 456,631
Investments | 5 | 98,514 | 98,514
Debtors | 7 | 43,157 | 143,157
|  | 577,890 | 698,302
Current assets |  |  |
Stocks | 6 | 965,827 | 819,316
Debtors | 7 | 636,725 | 526,226
Cash at bank and in hand |  | 2,457,320 | 2,493,914
|  | 4,059,872 | 3,839,456
Creditors: Amounts falling due within one year | 8 | (372,461) | (384,329)
Net current assets |  | 3,687,411 | 3,455,127
Total assets less current liabilities |  | 4,265,301 | 4,153,429
Provisions for liabilities |  | (20,372) | (22,890)
Net assets |  | 4,244,929 | 4,130,539
Capital and reserves |  |  |
Called up share capital |  | 99 | 99
Capital redemption reserve |  | 1 | 1
Revaluation reserve |  | 123,299 | 126,977
Retained earnings |  | 4,121,530 | 4,003,462
Shareholders' funds |  | 4,244,929 | 4,130,539

For the financial 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.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Valentine Equipment Limited

(Registration number: 00589763)
Balance Sheet as at 31 October 2025 (continued)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 April 2026 and signed on its behalf by:

R C Witherall Director

Valentine Equipment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Trafford Road
Reading
Berkshire
RG1 8JS

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in Pound Sterling (£), which is the entity’s functional currency, and are rounded to the nearest pound.

Group accounts not prepared

The financial statements present information about Valentine Equipment Limited as an individual company and do not include consolidated financial statements. As the parent undertaking, the company is exempt from the requirement to prepare consolidated financial statements under section 399(2A) of the Companies Act 2006..

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered the company’s financial position, including its profitability, cash flows, and net asset position, and are satisfied that the company has adequate resources to continue in operational existence for the foreseeable future.
Accordingly, the directors consider it appropriate to prepare the financial statements on the going concern basis, and no material uncertainties that may cast significant doubt on the company’s ability to continue as a going concern have been identified.

Valentine Equipment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

2 | Accounting policies (continued)

Revenue recognition

Revenue, described as turnover, represents the fair value of the consideration received or receivable for the supply of goods, net of returns, rebates, discounts, and value added tax. Revenue from the sale of goods is recognised on delivery, when control and the significant risks and rewards of ownership pass to the customer.
Where goods are supplied on a consignment basis, revenue is recognised at the point the consignee sells the goods to the end customer, as this is the point at which control and the significant risks and rewards of ownership transfer.

Foreign currency transactions and balances

Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date.
Exchange gains and losses, whether realised or unrealised, arising from the settlement or retranslation of monetary items are recognised in profit or loss for the period in which they arise.

Tax

Tax on profit represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from the profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the year.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities and the corresponding tax bases used to compute taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for temporary differences to the extent that it is probable that taxable profits will be available to utilise the timing difference.
Deferred tax liabilities and assets are measured at tax rates that are expected to apply in the period the liability is settled or the asset realised. The measurement of deferred tax liabilities and assets reflects the tax consequences in which the company expects to recover or settle the underlying amount of its assets and liabilities.

Valentine Equipment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

2 | Accounting policies (continued)

Tangible assets

Plant and machinery held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of plant and machinery, less their estimated residual values, over their expected useful lives on a 15% reducing balance and 10% reducing balance basis.
Land and buildings held for the company's own use are stated at revalued amounts being its fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent impairment losses. Land and buildings are revalued with sufficient regularity to ensure that the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Depreciation is charged on buildings over its deemed useful economic life of 50 years. Land is not depreciated. Following revaluation, depreciation is charged over the remaining useful economic life. The excess of depreciation following revaluation is released from the revaluation reserve into retained earnings.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss, if any.

Investments

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and and estimated selling price less costs to sell. Cost includes the purchase price, including any taxes, duties, transport, and handling directly attributable to bringing the stock to its present location and condition. Net realisable value is based on the estimated selling price less any estimated selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Valentine Equipment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

2 | Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

The Company operates a defined contribution pension scheme. Contributions payable to the scheme are recognised as an expense in the profit and loss account in the period in which they become payable.
The assets of the scheme are held separately from those of the Company in an independently administered fund.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2024 - 13).

Valentine Equipment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

4 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Motor vehicles £ | Total £
Cost or valuation
At 1 November 2024 | 380,000 | 223,175 | 83,973 | 687,148
Additions | - | - | 18,990 | 18,990
Disposals | - | - | (31,100) | (31,100)
At 31 October 2025 | 380,000 | 223,175 | 71,863 | 675,038
Depreciation
At 1 November 2024 | 40,305 | 139,590 | 50,622 | 230,517
Charge for the year | 8,061 | 8,358 | 7,995 | 24,414
Eliminated on disposal | - | - | (16,112) | (16,112)
At 31 October 2025 | 48,366 | 147,948 | 42,505 | 238,819
Carrying amount
At 31 October 2025 | 331,634 | 75,227 | 29,358 | 436,219
At 31 October 2024 | 339,695 | 83,585 | 33,351 | 456,631

Revaluation of freehold land and buildings

The fair value of the company's freehold land and buildings was revalued on 20 February 2019 by an independent valuer. The name and qualification of the independent valuer are Dunster and Morton LLP, a RICS regulated firm of surveyors.. Had this class of asset been measured on a historical cost basis, the carrying amount would have been £217,634 (2024 - £225,695).

Valentine Equipment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

5 | Investments

| 31 October 2025 £ | 31 October 2024 £
Investments in subsidiaries | 98,514 | 98,514

The Company's fixed asset investments at the Balance Sheet date comprise the following shares in group undertakings:
Cuisine Equipment Limited
Registered office: England and Wales
Nature of business: Catering equipment supply
Class of share: Ordinary
Holding: 100%
VITO(UK) Limited
Registered office: England and Wales
Nature of business: Catering equipment supply
Class of share: Ordinary
Holding: 100%

6 | Stocks

| 31 October 2025 £ | 31 October 2024 £
Machine stock | 753,213 | 618,355
Component part stock | 212,614 | 200,961
| 965,827 | 819,316

Valentine Equipment Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2025 (continued)

7 | Debtors

Current | 31 October 2025 £ | 31 October 2024 £
Trade debtors | 429,126 | 379,535
Other debtors | 207,599 | 146,691
| 636,725 | 526,226

Non-current | 31 October 2025 £ | 31 October 2024 £
Amounts owed by group undertakings | 43,157 | 143,157
| 43,157 | 143,157

8 | Creditors

Creditors: amounts falling due within one year

| 31 October 2025 £ | 31 October 2024 £
Trade creditors | 27,288 | 62,466
Amounts owed to group undertakings | 1,000 | 1,000
Taxation and social security | 216,429 | 212,885
Other creditors | 127,744 | 107,978
| 372,461 | 384,329

9 | Directors' advances, credits and guarantees

2025 | At 1 November 2024 £ | Advances to director £ | At 31 October 2025 £
Loan advance | - | 4,216 | 4,216