Vale Domestic Services Limited - Accounts to registrar (filleted) - small 22.3

Vale Domestic Services Limited - Accounts to registrar (filleted) - small 22.3

VALE DOMESTIC SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 03888825 (England and Wales)







Financial Statements for the Year Ended 31st March 2022

for

Vale Domestic Services Limited
Vale Domestic Services Limited (Registered number: 03888825)






Contents of the Financial Statements
for the Year Ended 31st March 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Vale Domestic Services Limited

Company Information
for the Year Ended 31st March 2022







DIRECTORS: B A Marshall
S A Marshall





SECRETARY: Mrs T J Webb





REGISTERED OFFICE: Unit 5a 79 High Street
Pershore
Worcestershire
WR10 1EU





REGISTERED NUMBER: 03888825 (England and Wales)





ACCOUNTANTS: The Richards Sandy Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU
Page 1
Vale Domestic Services Limited (Registered number: 03888825)

Abridged Balance Sheet
31st March 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 118,801 52,683
Investment property 6 225,000 225,000
343,801 277,683

CURRENT ASSETS
Stocks 65,973 31,078
Debtors 112,681 71,982
Cash at bank 37,998 52,526
216,652 155,586
CREDITORS
Amounts falling due within one year 270,350 215,222
NET CURRENT LIABILITIES (53,698 ) (59,636 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
290,103
218,047

CREDITORS
Amounts falling due after more than one
year
7
(133,900
)
(104,277
)

PROVISIONS FOR LIABILITIES (22,223 ) (9,639 )
NET ASSETS 133,980 104,131

CAPITAL AND RESERVES
Called up share capital 100 2
Undistributable reserves 64,036 64,036
Retained earnings 69,844 40,093
SHAREHOLDERS' FUNDS 133,980 104,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these financial statements

Page 2 continued...
Vale Domestic Services Limited (Registered number: 03888825)

Abridged Balance Sheet - continued
31st March 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st March 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th December 2022 and were signed on its behalf by:





B A Marshall - Director


The notes form part of these financial statements

Page 3
Vale Domestic Services Limited (Registered number: 03888825)

Notes to the Financial Statements
for the Year Ended 31st March 2022

1. STATUTORY INFORMATION

Vale Domestic 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. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

GOVERNMENT GRANTS
Government grants are recognised on the performance model. A grant that does not impose specified future performance-related conditions is recognised in income when the grant proceeds are received or receivable.
A grant that imposes specified future performance-related conditions is recognised in income only when the performance-related conditions are met. Grants received before the revenue recognition criteria are satisfied are recognised as a liability.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

STOCKS
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Page 4 continued...
Vale Domestic Services Limited (Registered number: 03888825)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2022

2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2021 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2021
and 31st March 2022 8,350
AMORTISATION
At 1st April 2021
and 31st March 2022 8,350
NET BOOK VALUE

At 31st March 2022 -
At 31st March 2021 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st April 2021 156,130
Additions 90,986
Disposals (5,300 )
At 31st March 2022 241,816
DEPRECIATION
At 1st April 2021 103,447
Charge for year 24,337
Eliminated on disposal (4,769 )
At 31st March 2022 123,015
NET BOOK VALUE
At 31st March 2022 118,801
At 31st March 2021 52,683

Page 5 continued...
Vale Domestic Services Limited (Registered number: 03888825)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2022

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2021
and 31st March 2022 225,000
NET BOOK VALUE
At 31st March 2022 225,000
At 31st March 2021 225,000

Fair value at 31st March 2022 is represented by:
£   
Valuation in 2009 39,036
Valuation in 2017 25,000
Cost 160,964
225,000

If the property had not been revalued it would have been included at the following historical cost:

2022 2021
£    £   
Cost 160,964 160,964

Investment property was valued on an open market basis on 31st March 2022 by the director .

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
2022 2021
£    £   
Repayable by instalments
Bank loans more 5 yr by instal - 9,991

Page 6