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REGISTERED NUMBER: SC529247 (Scotland)












GUVNER LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






GUVNER LTD (REGISTERED NUMBER: SC529247)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GUVNER LTD

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTOR: Mr G A McComisky





REGISTERED OFFICE: Trinity House
31 Lynedoch Street
Glasgow
Lanarkshire
G3 6EF





REGISTERED NUMBER: SC529247 (Scotland)





ACCOUNTANTS: Nicolson Accountancy
Trinity House
31 Lynedoch Street
Glasgow
G3 6EF

GUVNER LTD (REGISTERED NUMBER: SC529247)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,226 28,753

CURRENT ASSETS
Debtors 5 2,327 -
Cash at bank 9,119 26,441
11,446 26,441
CREDITORS
Amounts falling due within one year 6 10,375 14,633
NET CURRENT ASSETS 1,071 11,808
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,297

40,561

CREDITORS
Amounts falling due after more than one
year

7

18,021

23,309
NET ASSETS 10,276 17,252

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 8 10,274 17,250
SHAREHOLDERS' FUNDS 10,276 17,252

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GUVNER LTD (REGISTERED NUMBER: SC529247)

BALANCE SHEET - continued
31 March 2023


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 director and authorised for issue on 5 October 2023 and were signed by:





Mr G A McComisky - Director


GUVNER LTD (REGISTERED NUMBER: SC529247)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Guvner Ltd is a private company, limited by shares , registered in Scotland. 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.

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

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
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

GUVNER LTD (REGISTERED NUMBER: SC529247)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022 2,582 32,120 34,702
Additions 7,549 - 7,549
At 31 March 2023 10,131 32,120 42,251
DEPRECIATION
At 1 April 2022 1,934 4,015 5,949
Charge for year 2,050 7,026 9,076
At 31 March 2023 3,984 11,041 15,025
NET BOOK VALUE
At 31 March 2023 6,147 21,079 27,226
At 31 March 2022 648 28,105 28,753

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 2,327 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 1,458 1,458
Hire purchase contracts 3,830 3,830
Trade creditors 294 -
Taxation and social security 1,131 3,969
Other creditors 3,662 5,376
10,375 14,633

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 4,618 6,076
Hire purchase contracts 13,403 17,233
18,021 23,309

GUVNER LTD (REGISTERED NUMBER: SC529247)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

8. RESERVES
Retained
earnings
£   

At 1 April 2022 17,250
Profit for the year 3,024
Dividends (10,000 )
At 31 March 2023 10,274