Valley Group Limited
trading as
for the year ended 28 February 2026
Valley Group Limited
trading as Valley
Contents
|
Company Information |
|
|
Strategic Report |
|
|
Directors' Report |
|
|
Statement of Directors' Responsibilities |
|
|
Independent Auditor's Report |
|
|
Profit and Loss Account and Statement of Retained Earnings |
|
|
Balance Sheet |
|
|
Statement of Cash Flows |
|
|
Notes to the Financial Statements |
Valley Group Limited
trading as Valley
Company Information
|
Directors |
Sean Harkin George Hamilton |
|
Registered office |
|
|
Accountants |
|
|
Auditors |
|
Valley Group Limited
trading as Valley
Strategic Report for the year ended 28 February 2026
The directors present their strategic report for the year ended 28 February 2026.
Principal activity
The principal activity of the company is building compliance, refurbishment, M&E, energy efficiency and associated services.
Fair review of the business
The principal activities of the company continued to be building services. Our core sectors being Energy, Renewables, Mechanical & Electrical, Multi Trade and Compliance. Our business continues to operate as a first-tier contractor to Government, Local Authority, Housing Associations and End users.
This has been a year of strengthened performance for Valley Group. Efficiencies achieved across our operations, resources and procurement have improved the delivery of our contracts and the overall performance of the business. As a result the company's retained earnings have doubled to £445,744 compared to the prior year of £182,394 providing a stronger financial position that in previous years.
During the year we have secured new strategic frameworks, together with a number of strategic measured term contracts awarded on multi-year durations. These cover a range of disciplines, from mechanical and electrical works to decarbonisation and renewable energy works. We have also capitalised on funded projects and continued to develop business within our existing supply chain, making full use of first-tier contracting position. In addition, a number of our existing measured contracts have been extended to multi-year durations, providing long term continuity and sustainability.
Our clients are predominantly local authority and government bodies. This provides a continuity of work that supports the stability of the business, while mitigating the risk of payment default by our clients. Overall, I am delighted with the performance in the period and the stronger platform we have created to allow many more successful years to follow.
Valley Group Limited
trading as Valley
Strategic Report for the year ended 28 February 2026
Principal risks and uncertainties
The company's operations expose it to a variety of risks including financial, safety, environmental and reputational. The Valley Group uses a risk management system to control and limit the effects of these risks.
Credit risk
The majority of the company's clients are local authority and government bodies, which carry a low risk of payment default. The company is also exposed to credit related losses in the event of non-performance by other counterparties to financial instruments, but mitigates such risk through its policy of selecting only counterparties with high credit ratings or arranging beneficial credit terms.
Liquidity risk
The company's operations are financed by its existing cash resources and working capital, and the company has no external borrowing. The growth in retained earnings during the year has further strengthened the company's financial position. Should the need arise, the shareholders will inject additional capital.
Cashflow risk
The company funds its operations and planned capital expenditure from its own cash resources and does not rely on external borrowing facilities. Cash flow is managed through regular forecasting and monthly review, supported by the continuity of work and reliable payment profile of our public sector client base.
Health and Safety risk
The company creates a culture of safe working practices and environments. Risks are managed through but not limited to : awareness, training, monitoring and well-defined health and safety policies managed by our internal HSQE manager.
Business performance risk
To mitigate the risk of decline in business performance, the business has procured a full senior management team. Measures such as budget control, forecasting, strategic planning, authorisation protocols, monthly management accounts, analysis and audits are all currently in place to minimise this risk.
Market and cost risk
The building services sector continues to experience pressure on margins from material, labour and supply chain costs. The company manages this risk through its procurement strategy, supply chain partnerships and continued operational efficiencies, together with regular review of contract pricing and performance.
Business continuity risk
Our business mitigates the risk of business continuity by several means. Investments in a new digital operational management system have removed the reliance on physical server hardware. Flexibility in the form of a cloud-based system has allowed remote working. This has relieved the confines of traditional office-based servers, allowing continuity and efficiency. Investments in IT support has allowed us to enhance our cyber security and build awareness of training of our staff. Procurement of additional key supply chain partners has been successful, allowing efficient and responsible supply chain management.
Approved and authorised by the
|
......................................... |
Valley Group Limited
trading as Valley
Directors' Report for the year ended 28 February 2026
The directors present their report and the financial statements for the year ended 28 February 2026.
Directors of the company
The directors who held office during the year were as follows:
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Reappointment of auditors
A resolution to appoint Clients Ist Accountancy Limited as auditors will be proposed in accordance with section 485 of the Companies Act 2006.
Approved and authorised by the
|
......................................... |
Valley Group Limited
trading as Valley
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
|
• |
select suitable accounting policies and apply them consistently; |
|
• |
make judgements and accounting estimates that are reasonable and prudent; |
|
• |
state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
|
• |
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Valley Group Limited
trading as Valley
Independent Auditor's Report to the Members of Valley Group Limited
Opinion
We have audited the financial statements of Valley Group Limited (the 'company') for the year ended 28 February 2026, which comprise the Profit and Loss Account and Statement of Retained Earnings, Balance Sheet, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the company's affairs as at 28 February 2026 and of its profit for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Valley Group Limited
trading as Valley
Independent Auditor's Report to the Members of Valley Group Limited
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
|
• |
the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
|
• |
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities [set out on page 5], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Valley Group Limited
trading as Valley
Independent Auditor's Report to the Members of Valley Group Limited
|
With regards to detection and responding to fraud, we made enquiries of those charged with corporate governance and executive management as to whether there was any knowledge of actual, suspected or alleged fraud.
|
A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
......................................
For and on behalf of
Valley Group Limited
trading as Valley
Profit and Loss Account and Statement of Retained Earnings for the year ended 28 February 2026
|
Note |
2026 |
2025 |
|
|
Turnover |
|
|
|
|
Cost of sales |
( |
( |
|
|
Gross profit |
|
|
|
|
Administrative expenses |
( |
( |
|
|
Operating profit |
|
|
|
|
Interest payable and similar charges |
( |
( |
|
|
(14,121) |
(25,463) |
||
|
Profit before tax |
|
|
|
|
Taxation |
( |
( |
|
|
Profit for the financial year |
|
|
|
|
Retained earnings brought forward |
182,394 |
136,485 |
|
|
Dividends paid |
( |
( |
|
|
Retained earnings carried forward |
445,744 |
182,394 |
Valley Group Limited
trading as Valley
(Registration number: SC486700)
Balance Sheet as at 28 February 2026
|
Note |
2026 |
2025 |
|
|
Fixed assets |
|||
|
Tangible assets |
|
|
|
|
Current assets |
|||
|
Stocks |
|
|
|
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current assets |
|
|
|
|
Total assets less current liabilities |
|
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
|
Provisions for liabilities |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
100 |
100 |
|
|
Retained earnings |
445,744 |
182,394 |
|
|
Shareholders' funds |
445,844 |
182,494 |
Approved and authorised by the
|
......................................... |
Valley Group Limited
trading as Valley
Statement of Cash Flows for the year ended 28 February 2026
|
Note |
2026 |
2025 |
|
|
Cash flows from operating activities |
|||
|
Profit for the year |
|
|
|
|
Adjustments to cash flows from non-cash items |
|||
|
Depreciation and amortisation |
|
|
|
|
Finance costs |
|
|
|
|
Income tax expense |
|
|
|
|
|
|
||
|
Working capital adjustments |
|||
|
(Increase)/decrease in stocks |
( |
|
|
|
Decrease/(increase) in trade debtors |
|
( |
|
|
(Decrease)/increase in trade creditors |
( |
|
|
|
Cash generated from operations |
|
( |
|
|
Income taxes (paid)/received |
( |
|
|
|
Net cash flow from operating activities |
|
( |
|
|
Cash flows from investing activities |
|||
|
Acquisitions of tangible assets |
( |
( |
|
|
Cash flows from financing activities |
|||
|
Interest paid |
( |
( |
|
|
Proceeds from bank borrowing draw downs |
( |
( |
|
|
Repayment of other borrowing |
|
|
|
|
Dividends paid |
( |
( |
|
|
Net cash flows from financing activities |
( |
( |
|
|
Net increase/(decrease) in cash and cash equivalents |
|
( |
|
|
Cash and cash equivalents at 1 March |
|
|
|
|
Cash and cash equivalents at 28 February |
456,453 |
294,509 |
|
Valley Group Limited
trading as Valley
Notes to the Financial Statements for the year ended 28 February 2026
|
General information |
The company is a private company limited by share capital, incorporated in Scotland.
The address of its registered office is:
These financial statements were authorised for issue by the
|
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 were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
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.
Going concern
The financial statements have been prepared on a going concern basis, with management having given due consideration to the company’s ability to continue as a going concern for at least the next twelve months.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of turnover 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.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Valley Group Limited
trading as Valley
Notes to the Financial Statements for the year ended 28 February 2026
|
2 |
Accounting policies (continued) |
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
|
Depreciation method and rate for tangible assets |
|
|
Asset class |
Depreciation method and rate |
|
Plant and machinery |
25% straight line |
|
Motor vehicles |
25% straight line |
|
Fixtures and fittings |
25% straight line |
|
Computer equipment |
33% straight line |
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.
Valley Group Limited
trading as Valley
Notes to the Financial Statements for the year ended 28 February 2026
|
2 |
Accounting policies (continued) |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Provisions
Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
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.
Valley Group Limited
trading as Valley
Notes to the Financial Statements for the year ended 28 February 2026
|
2 |
Accounting policies (continued) |
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
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.
|
Turnover |
The analysis of the company's turnover for the year from continuing operations is as follows:
|
2026 |
2025 |
|
|
Sale of goods |
|
|
|
Operating profit |
Arrived at after charging/(crediting)
|
2026 |
2025 |
|
|
Depreciation expense |
|
|
|
Operating lease expense - plant and machinery |
|
|
|
Interest payable and similar expenses |
|
2026 |
2025 |
|
|
Interest expense on other finance liabilities |
|
|
|
Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
Valley Group Limited
trading as Valley
Notes to the Financial Statements for the year ended 28 February 2026
|
6 |
Staff costs (continued) |
|
2026 |
2025 |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Pension costs, defined contribution scheme |
|
|
|
Other employee expense |
|
|
|
|
|
The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
|
2026 |
2025 |
|
|
Production |
|
|
|
Administration and support |
|
|
|
|
|
|
Directors' remuneration |
The directors' remuneration for the year was as follows:
|
2026 |
2025 |
|
|
Remuneration |
|
|
|
Contributions paid to money purchase schemes |
|
|
|
33,380 |
30,200 |
|
Taxation |
Tax charged/(credited) in the profit and loss account
|
2026 |
2025 |
|
|
Current taxation |
||
|
UK corporation tax |
|
|
|
Deferred taxation |
||
|
Arising from changes in tax rates and laws |
|
|
|
Tax expense in the income statement |
|
|
Deferred tax
Valley Group Limited
trading as Valley
Notes to the Financial Statements for the year ended 28 February 2026
|
Tangible assets |
|
Furniture, fittings and equipment |
Motor vehicles |
Total |
|
|
Cost or valuation |
|||
|
At 1 March 2025 |
|
|
|
|
Additions |
|
- |
|
|
At 28 February 2026 |
|
|
|
|
Depreciation |
|||
|
At 1 March 2025 |
|
|
|
|
Charge for the year |
|
- |
|
|
At 28 February 2026 |
|
|
|
|
Carrying amount |
|||
|
At 28 February 2026 |
|
- |
|
|
At 28 February 2025 |
|
- |
|
|
Stocks |
|
2026 |
2025 |
|
|
Other inventories |
|
|
|
Debtors |
|
Current |
2026 |
2025 |
|
Trade debtors |
|
|
|
Other debtors |
|
|
|
Prepayments |
|
|
|
|
|
|
Cash and cash equivalents |
|
2026 |
2025 |
|
|
Short-term deposits |
|
|
Valley Group Limited
trading as Valley
Notes to the Financial Statements for the year ended 28 February 2026
|
Creditors |
|
Note |
2026 |
2025 |
|
|
Due within one year |
|||
|
Loans and borrowings |
|
|
|
|
Trade creditors |
|
|
|
|
Social security and other taxes |
|
|
|
|
Other payables |
|
|
|
|
Accruals |
|
|
|
|
Income tax liability |
62,360 |
125,506 |
|
|
|
|
||
|
Due after one year |
|||
|
Loans and borrowings |
|
|
|
|
Other financial liabilities |
|
|
|
|
|
|
|
Provisions for liabilities |
|
Employee benefits |
Deferred tax |
Total |
|
|
At 1 March 2025 |
|
|
|
|
Increase (decrease) in existing provisions |
( |
|
|
|
At 28 February 2026 |
|
|
|
|
|
|||
|
Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
Valley Group Limited
trading as Valley
Notes to the Financial Statements for the year ended 28 February 2026
|
Share capital |
Allotted, called up and fully paid shares
|
2026 |
2025 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
100 |
|
100 |
|
Loans and borrowings |
Non-current loans and borrowings
|
2026 |
2025 |
|
|
Bank borrowings |
- |
|
|
Other borrowings |
|
|
|
|
|
|
Current loans and borrowings
|
2026 |
2025 |
|
|
Bank borrowings |
|
|
|
Dividends |
Interim dividends paid
|
2026 |
2025 |
|||
|
Interim dividend of £ |
|
|
||
|
Related party transactions |
Valley Group Limited
trading as Valley
Notes to the Financial Statements for the year ended 28 February 2026
|
19 |
Related party transactions (continued) |
|
Transactions with directors |
|
2026 |
At 1 March 2025 |
Advances to director |
Repayments by director |
At 28 February 2026 |
|
Sean Harkin |
||||
|
|
|
( |
|
|
|
George Hamilton |
||||
|
|
|
( |
|
|
|
2025 |
At 1 March 2024 |
Advances to director |
At 28 February 2025 |
|
Sean Harkin |
|||
|
|
|
|
|
|
George Hamilton |
|||
|
|
|
- |
|
Valley Group Limited
trading as Valley
Notes to the Financial Statements for the year ended 28 February 2026
|
19 |
Related party transactions (continued) |
Summary of transactions with other related parties
At 28 February 2026 the company owed a former shareholder £160,966 (2025 £205,836), shown within other financial liabilities due after more than one year.
|
Parent and ultimate parent undertaking |
The company's immediate parent is