2022-08-01 13539011 2023-07-31 13539011 2022-08-01 2023-07-31 13539011 2022-07-31 13539011 2021-07-29 2022-07-31 13539011 uk-core:WithinOneYear 2022-07-31 13539011 uk-core:WithinOneYear 2023-07-31 13539011 uk-core:ShareCapital 2023-07-31 13539011 uk-core:ShareCapital 2022-07-31 13539011 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 13539011 uk-core:RetainedEarningsAccumulatedLosses 2022-07-31 13539011 uk-bus:Director1 2022-08-01 2023-07-31 13539011 uk-core:PlantMachinery 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure 13539011 uk-bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 13539011 uk-bus:FRS102 2022-08-01 2023-07-31 13539011 uk-bus:FilletedAccounts 2022-08-01 2023-07-31 13539011 uk-bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31
G-Volt Ltd
Registered Number:13539011
For the year ended 31 July 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 July 2023
G-Volt Ltd
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
13539011
As at 31 July 2023
G-Volt Ltd
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
315
-
2
315
-
Current assets
Inventories
33,000
35,330
3
Trade and other receivables
555
1,955
4
23,322
Cash and cash equivalents
4,465
41,750
56,877
Trade and other payables: amounts falling due within one year
(53,084)
(31,757)
5
3,793
9,993
Net current assets
Total assets less current liabilities
10,308
3,793
(60)
-
Provisions for liabilities
10,248
Net assets
3,793
Capital and reserves
Called up share capital
3
3
Retained earnings
10,245
3,790
10,248
3,793
Shareholders' funds
For the year ended 31 July 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Daniel Roney Director
These financial statements were approved and authorised for issue by the Board on 19 March 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 31 July 2023
G-Volt Ltd
Notes to the Financial Statements
Statutory Information
G-Volt Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number 13539011.
Registered address:
Suite 183, Silk House
1 Park Green, Park Green
Macclesfield
Cheshire
SK11 7QJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25% Reducing balance
Inventories
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
2 of 4
5
For the year ended 31 July 2023
G-Volt Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Plant and
Machinery
£
Cost or valuation
420
Additions
At 31 July 2023
420
Provision for depreciation and impairment
Charge for year
105
At 31 July 2023
105
At 31 July 2023
Net book value
315
3. Inventories
2022
2023
£
£
Stocks
35,330
33,000
4. Trade and other receivables
2022
2023
£
£
Trade debtors
1,556
555
Other debtors
399
-
555
1,955
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
-
32,721
Taxation and social security
7,541
2,297
Other creditors
24,216
18,066
31,757
53,084
3 of 4
6
For the year ended 31 July 2023
G-Volt Ltd
Notes to the Financial Statements Continued
6. Related party transactions
As shown within other creditors the directors are owed £22,626 (2023 - £16,626) by the company, on an interest free basis
with no fixed date for repayment.
7. Average number of persons employed
During the year the average number of employees was 3 (2022 : 3)
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