GOVAGED LTD

Company Registration Number:
14241501 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 1 August 2023

End date: 31 July 2024

GOVAGED LTD

Contents of the Financial Statements

for the Period Ended 31 July 2024

Directors report
Balance sheet
Additional notes
Balance sheet notes

GOVAGED LTD

Directors' report period ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Principal activities of the company

GOVAGED LTD is primarily engaged in the wholesale of computer equipment and aerospace parts. Our core business operations include sourcing, distributing, and providing high-quality technology and aerospace components to our clients. Throughout the past year, we have focused on expanding our product range and enhancing our supply chain efficiency to better serve our customers.We remain committed to maintaining the highest standards of quality and service in all our operations and continue to explore new opportunities that align with our strategic goals.If you require any further details or specific information, please feel free to reach out.Best regards,RAJA MUHAMMAD KHANDIRECTOR+1 (571) 786-1442



Directors

The directors shown below have held office during the whole of the period from
1 August 2023 to 31 July 2024

AHAD SIDDIQUI
RAJA MUHAMMAD KHAN


Secretary RAJA AZEEM

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
15 August 2024

And signed on behalf of the board by:
Name: AHAD SIDDIQUI
Status: Director

GOVAGED LTD

Balance sheet

As at 31 July 2024

Notes 2024 2023


£

£
Called up share capital not paid: 4 4
Fixed assets
Intangible assets: 3 4 4
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 4 4
Current assets
Stocks: 4 4 4
Debtors:   0 0
Cash at bank and in hand: 0 0
Investments:   0 0
Total current assets: 4 4
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year:   0 0
Net current assets (liabilities): 4 4
Total assets less current liabilities: 12 12
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Accruals and deferred income: 0 0
Total net assets (liabilities): 12 12
Capital and reserves
Called up share capital: 12 12
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 0 0
Total Shareholders' funds: 12 12

The notes form part of these financial statements

GOVAGED LTD

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen not to file a copy of the company's profit and loss account.

This report was approved by the board of directors on 17 August 2024
and signed on behalf of the board by:

Name: RAJA MUHAMMAD KHAN
Status: Director

The notes form part of these financial statements

GOVAGED LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    We recognize turnover based on the revenue recognition principle, which involves recording revenue when it is earned and realizable, typically at the point of sale or when services are rendered. This approach ensures that our financial statements accurately reflect the company's financial performance within the reporting period.

    Other accounting policies

    Yes, our prepared accounts include several other accounting policies to ensure comprehensive and accurate financial reporting. These policies cover areas such as:Inventory Valuation: We use the [FIFO/LIFO/Weighted Average] method to value our inventory, ensuring that the cost of goods sold and remaining inventory are accurately reflected.Depreciation: Fixed assets are depreciated using the [straight-line/reducing balance] method over their estimated useful lives, in accordance with relevant accounting standards.Foreign Currency Transactions: Transactions in foreign currencies are translated into our functional currency at the exchange rates prevailing on the transaction dates. Exchange differences are accounted for as per our policy.Provision for Doubtful Debts: We assess the recoverability of receivables and create provisions for any debts that are considered doubtful or uncollectible.These policies, along with our turnover recognition policy, are consistently applied to ensure the integrity and accuracy of our financial statements.

GOVAGED LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 5 2

GOVAGED LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 August 2023 4 4 8
Additions 0 0 0
Disposals 0 0 0
Revaluations 0 0 0
Transfers 0 0 0
At 31 July 2024 4 4 8
Amortisation
At 1 August 2023 4 0 4
Charge for year 0 0 0
On disposals 0 0 0
Other adjustments 0 0 0
At 31 July 2024 4 0 4
Net book value
At 31 July 2024 0 4 4
At 31 July 2023 0 4 4

Our accounts include a policy for recognizing and valuing intangible assets. Intangible assets, such as [examples: patents, trademarks, goodwill, software, etc.], are recognized at cost when it is probable that future economic benefits attributable to the asset will flow to the company and the cost of the asset can be measured reliably.These assets are amortized on a systematic basis over their estimated useful lives, which are reviewed annually. If there is an indication that an intangible asset may be impaired, its carrying amount is reviewed and adjusted accordingly to reflect any impairment in value.If you require more detailed information or have specific questions about our intangible assets policy, please feel free to contact us.

GOVAGED LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Stocks

2024 2023
£ £
Stocks 4 4
Payments on account 0
Total 4 4

GOVAGED LTD

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Financial Commitments

Our accounts include a comprehensive note on financial commitments, which details the company's obligations that are not recognized as liabilities on the balance sheet but may have significant future financial implications. These commitments typically include:Lease Commitments: Details of future minimum lease payments under non-cancellable operating leases, both within one year and beyond.Capital Commitments: Information on any contracted capital expenditures that have not yet been recognized as liabilities, including the amounts and expected timing of payments.Contingent Liabilities: Disclosures of any potential obligations arising from past events, the outcome of which is contingent upon future events beyond the company's control.These notes are provided to give stakeholders a clearer understanding of the company's potential future cash outflows and financial obligations.