Valley Traction Services Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 03071391

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		4,566,026		4,242,489
Investments	6		882,064		207,766

			5,448,090		4,450,255
CURRENT ASSETS
Stocks	7	36,600		24,300
Debtors	8	460,534		296,425
Cash at bank and in hand		2,076,479		2,311,656

		2,573,613		2,632,381
Creditors: Amounts Falling Due Within One Year	9	(920,854 )		(813,575 )

NET CURRENT ASSETS (LIABILITIES)			1,652,759		1,818,806

TOTAL ASSETS LESS CURRENT LIABILITIES			7,100,849		6,269,061

Creditors: Amounts Falling Due After More Than One Year	10		(306,184 )		(282,823 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(774,391 )		(693,534 )

NET ASSETS			6,020,274		5,292,704

CAPITAL AND RESERVES
Called up share capital	12		100		100
Profit and Loss Account			6,020,174		5,292,604

SHAREHOLDERS' FUNDS			6,020,274		5,292,704

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Valley Traction Services Limited

Balance Sheet (continued)

As At 28 February 2026

For the year ending 28 February 2026 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Shayn Winsor Director	Mrs Paula Knights Director
06/05/2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Valley Traction Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03071391 . The registered office is The Cottage, 87 Yarmouth Road, Norwich, NR7 0HF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% straight line
Leasehold	Over the period of the lease
Plant & Machinery	25% reducing balance
Motor Vehicles	20% reducing balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

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

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Valley Traction Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.7. Taxation

The tax expense 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 profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year 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 reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 19 (2025: 19)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 March 2025	150,000

As at 28 February 2026	150,000

Amortisation
As at 1 March 2025	150,000

As at 28 February 2026	150,000

Net Book Value
As at 28 February 2026	-

As at 1 March 2025	-

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Valley Traction Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

5. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£	£
Cost
As at 1 March 2025	1,760,271	14,665	380,636	5,203,672	7,359,244
Additions	47,848	-	84,142	975,941	1,107,931
Disposals	-	-	(36,214 )	(710,966 )	(747,180 )

As at 28 February 2026	1,808,119	14,665	428,564	5,468,647	7,719,995

Depreciation
As at 1 March 2025	212,207	14,665	259,030	2,630,853	3,116,755
Provided during the period	25,105	-	40,201	532,879	598,185
Disposals	-	-	(36,214 )	(524,757 )	(560,971 )

As at 28 February 2026	237,312	14,665	263,017	2,638,975	3,153,969

Net Book Value
As at 28 February 2026	1,570,807	-	165,547	2,829,672	4,566,026

As at 1 March 2025	1,548,064	-	121,606	2,572,819	4,242,489

6. Investments

	Listed
	£
Cost or Valuation
As at 1 March 2025	207,766
Additions	600,000
Fair value adjustments	74,298

As at 28 February 2026	882,064

Provision
As at 1 March 2025	-

As at 28 February 2026	-

Net Book Value
As at 28 February 2026	882,064

As at 1 March 2025	207,766

7. Stocks

	2026	2025
	£	£
Stock	36,600	24,300

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Valley Traction Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

8. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	438,925	281,273
Prepayments and accrued income	21,609	15,152

	460,534	296,425

9. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	168,907	209,583
Trade creditors	409,038	115,752
Other taxes and social security	232,659	324,219
VAT	29,027	87,816
Accruals and deferred income	80,348	75,533
Directors' loan accounts	875	672

	920,854	813,575

10. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	306,184	282,823

11. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	168,907	209,583
Later than one year and not later than five years	306,184	282,823

	475,091	492,406

	475,091	492,406

12. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

13. Pension Commitments

The company operates a defined contribution pension scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date unpaid contributions of £2,681 (2025 £2,586) were due to the fund.

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