Vale Gymnastics Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10973113

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,700		1,904
Tangible Assets	5		665,566		649,477

			667,266		651,381
CURRENT ASSETS
Debtors	6	9,331		102,296
Cash at bank and in hand		15,390		124,410

		24,721		226,706
Creditors: Amounts Falling Due Within One Year	7	(189,270 )		(328,328 )

NET CURRENT ASSETS (LIABILITIES)			(164,549 )		(101,622 )

TOTAL ASSETS LESS CURRENT LIABILITIES			502,717		549,759

Creditors: Amounts Falling Due After More Than One Year	8		(462,737 )		(470,241 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(13,121 )		(18,531 )

NET ASSETS			26,859		60,987

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			26,759		60,887

SHAREHOLDERS' FUNDS			26,859		60,987

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Vale Gymnastics Limited

Balance Sheet (continued)

As At 31 August 2025

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

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 Nathan Mullett

Director

20/05/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Vale Gymnastics Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10973113 . The registered office is Unit 33 Vale Business Park, Llandow, Cowbridge, CF71 7PF.

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are related to website costd. It is amortised to the profit and loss account over its estimated economic life of ten years.

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	No depreciation
Plant & Machinery	25% reducing balance
Fixtures & Fittings	25% reducing balance
Computer Equipment	25% reducing balance

2.5. Taxation

Income 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 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 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.

...CONTINUED

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Vale Gymnastics Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.5. Taxation - continued

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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 14 (2024: 14)

4. Intangible Assets

	Other
	£
Cost
As at 1 September 2024	2,040

As at 31 August 2025	2,040

Amortisation
As at 1 September 2024	136
Provided during the period	204

As at 31 August 2025	340

Net Book Value
As at 31 August 2025	1,700

As at 1 September 2024	1,904

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 September 2024	614,471	19,080	29,842	2,660	666,053
Additions	-	30,319	3,425	-	33,744
Transfers	-	21,888	(21,888 )	-	-

As at 31 August 2025	614,471	71,287	11,379	2,660	699,797

Depreciation
As at 1 September 2024	-	11,114	4,331	1,131	16,576
Provided during the period	-	15,319	1,954	382	17,655
Transfers	-	456	(456 )	-	-

As at 31 August 2025	-	26,889	5,829	1,513	34,231

Net Book Value
As at 31 August 2025	614,471	44,398	5,550	1,147	665,566

As at 1 September 2024	614,471	7,966	25,511	1,529	649,477

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Vale Gymnastics Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	9,331	102,296

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Bank loans and overdrafts	62,687	179,683
Other creditors	98,154	112,482
Taxation and social security	28,429	36,163

	189,270	328,328

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

	2025	2024
	£	£
Bank loans	462,737	470,241

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Related Party Transactions

Included within creditors are related party loan balances of £82,221 (2024 - £33,721)

Included within debtors are related party loan balances of £9,331 (2024 - £6,331)

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