Valley Canoe Products Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01111668

Valley Canoe Products Limited

Filleted Unaudited Financial Statements

30 November 2025

Valley Canoe Products Limited

Financial Statements

Year ended 30 November 2025

Contents	Pages

Statement of financial position	1 to 2

Notes to the financial statements	3 to 6

Valley Canoe Products Limited

Statement of Financial Position

30 November 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		39,283	35,847

Current assets

Stocks		141,508	135,372
Debtors	6	248,984	242,206
Cash at bank and in hand		–	46,475
		---------	---------
		390,492	424,053

Creditors: amounts falling due within one year	7	95,588		50,862
		---------		---------
Net current assets			294,904	373,191
			---------	---------
Total assets less current liabilities			334,187	409,038

Creditors: amounts falling due after more than one year	8		61,200	32,315

Provisions

Taxation including deferred tax	7,464	7,886
	---------	---------
Net assets	265,523	368,837
	---------	---------

Capital and reserves

Called up share capital	10,000	10,000
Profit and loss account	255,523	358,837
	---------	---------
Shareholders funds	265,523	368,837
	---------	---------

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 30 November 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 .

Valley Canoe Products Limited

Statement of Financial Position (continued)

30 November 2025

These financial statements were approved by the board of directors and authorised for issue on 30 April 2026 , and are signed on behalf of the board by:

Mr PT Orton

Director

Company registration number: 01111668

Valley Canoe Products Limited

Notes to the Financial Statements

Year ended 30 November 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 Private Road No. 4, Colwick Industrial Estate, Colwick, Nottingham, NG4 2TJ.

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 financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

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.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

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:

Plant and machinery	-	25% reducing balance
Motor vehicles	-	25% reducing balance

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.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2024: 9 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 December 2024	38,381	41,781	80,162
Additions	–	48,657	48,657
Disposals	( 16,157)	( 41,781)	( 57,938)
	--------	--------	--------
At 30 November 2025	22,224	48,657	70,881
	--------	--------	--------
Depreciation
At 1 December 2024	33,870	10,445	44,315
Charge for the year	930	12,164	13,094
Disposals	( 15,366)	( 10,445)	( 25,811)
	--------	--------	--------
At 30 November 2025	19,434	12,164	31,598
	--------	--------	--------
Carrying amount
At 30 November 2025	2,790	36,493	39,283
	--------	--------	--------
At 30 November 2024	4,511	31,336	35,847
	--------	--------	--------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Motor vehicles
	£
At 30 November 2025	36,493
	--------
At 30 November 2024	31,336
	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	46,159	46,032
Other debtors	202,825	196,174
	---------	---------
	248,984	242,206
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	27,788	10,648
Trade creditors	55,080	29,760
Social security and other taxes	3,972	–
Other creditors	8,748	10,454
	--------	--------
	95,588	50,862
	--------	--------

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

	2025	2024
	£	£
Bank loans and overdrafts	–	5,012
Other creditors	61,200	27,303
	--------	--------
	61,200	32,315
	--------	--------

9. Related party transactions

Included in other debtors is a loan to VCP Nottingham Limited , an associated company. At the year end VCP Nottingham Limited owed £ 174,750 (2024 - £180,750). This loan is interest free.