GVF Management Ltd Filleted Accounts Cover
GVF Management Ltd
Company No. 11775631
Information for Filing with The Registrar
31 March 2024
GVF Management Ltd Balance Sheet Registrar
at
31 March 2024
Company No.
11775631
Notes
2024
2023
£
£
Fixed assets
Tangible assets
4
21,83625,688
21,83625,688
Current assets
Debtors
5
8,52820,341
Cash at bank and in hand
39,5529,434
48,08029,775
Creditors: Amount falling due within one year
6
(8,281)
(15,198)
Net current assets
39,79914,577
Total assets less current liabilities
61,63540,265
Provisions for liabilities
Deferred taxation
(4,148)
(4,315)
Net assets
57,48735,950
Capital and reserves
Called up share capital
100100
Profit and loss account
8
57,38735,850
Total equity
57,48735,950
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 29 July 2024 and signed on its behalf by:
G.A. Fisher
Director
29 July 2024
GVF Management Ltd Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
GVF Management Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 11775631
Its registered office is:
Greenhill Barn
Todmorden Road
Briercliffe
Burnley
BB10 3PJ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
15% Reducing balance
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Tangible fixed assets
Plant and machinery
Total
£
£
Cost or revaluation
At 1 April 2023
35,89635,896
At 31 March 2024
35,89635,896
Depreciation
At 1 April 2023
10,20810,208
Charge for the year
3,8523,852
At 31 March 2024
14,06014,060
Net book values
At 31 March 2024
21,83621,836
At 31 March 2023
25,688
25,688
5
Debtors
2024
2023
£
£
Trade debtors
8,52820,141
Other debtors
-200
8,52820,341
6
Creditors:
amounts falling due within one year
2024
2023
£
£
Taxes and social security
5,991
5,138
Other creditors
1,5959,365
Accruals and deferred income
695695
8,28115,198
7
Share Capital
100 Ordinary shares of £1
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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