REGISTERED NUMBER: 12536308 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

VALLIS SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A M B Barr-Sim

S I Thomson

SECRETARY:

S I Thomson

REGISTERED OFFICE:

2 Baywell House

Tuckers Close

Frome

Somerset

BA11 5LS

REGISTERED NUMBER:

12536308 (England and Wales)

AUDITORS:

PG Owen Limited

Chartered Accountants

124 High Street

Midsomer Norton

Bath

Avon

BA3 2DA

FIXED ASSETS

Tangible assets

6

66,598

60,135

CURRENT ASSETS

Debtors

7

1,675,827

1,335,610

Cash at bank

137,385

440,942

1,813,212

1,776,552

CREDITORS

Amounts falling due within one year

8

751,839

795,720

NET CURRENT ASSETS

1,061,373

980,832

TOTAL ASSETS LESS CURRENT LIABILITIES

1,127,971

1,040,967

CAPITAL AND RESERVES

Called up share capital

118

118

Retained earnings

1,127,853

1,040,849

1,127,971

1,040,967

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 May 2026 and were signed on its behalf by:

A M B Barr-Sim - Director

S I Thomson - Director

1.	STATUTORY INFORMATION

Vallis Services 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.

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. These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' 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.

Summary of significant acconting 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when:

The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tangible fixed assets

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

Computer equipment - 33% on cost

Plant and machinery - split between 10% on cost and 50% on cost

Motor vehicles - 50% on cost

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Income Statement, 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.

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.

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.

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. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 17 ) .

5.	AUDITORS' REMUNERATION

2025

2024

$

$

Fees payable to the company's auditors for the audit of the company's financial statements

7,350

7,000

Total audit fees

7,350

7,000

6.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

$

$

$

COST

At 1 January 2025

54,965

50,670

105,635

Additions

35,008

1,449

36,457

Disposals

-

(9,486

)

(9,486

)

At 31 December 2025

89,973

42,633

132,606

DEPRECIATION

At 1 January 2025

21,181

24,319

45,500

Charge for year

11,857

15,766

27,623

Eliminated on disposal

-

(7,115

)

(7,115

)

At 31 December 2025

33,038

32,970

66,008

NET BOOK VALUE

At 31 December 2025

56,935

9,663

66,598

At 31 December 2024

33,784

26,351

60,135

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

$

$

Trade debtors

1,240,201

855,052

Other debtors

435,626

480,558

1,675,827

1,335,610

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

$

$

Trade creditors

79,658

52,034

Amounts owed to group undertakings

70,648

282,639

Tax

441

539

Social security and other taxes

30,320

13,948

Other creditors

570,772

446,560

751,839

795,720

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Robin Browning BA(Hons) BFP FCA FCCA (Senior Statutory Auditor)

for and on behalf of PG Owen Limited

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Vallis Group Limited.

Services are provided to and received from Vallis Group Limited. These are shown within debtors and creditors and are separately identifiable within the notes under amounts owed by/to group undertakings.