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Company Registration No. 03980506 (England and Wales)
G.V. Engineering Limited Unaudited accounts for the year ended 30 April 2024
G.V. Engineering Limited Unaudited accounts Contents
Page
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G.V. Engineering Limited Company Information for the year ended 30 April 2024
Directors
Mr Alan Scott Richardson Mr Allan Scott Richardson Jnr
Company Number
03980506 (England and Wales)
Registered Office
Coquet Enterprise Park, Amble Ind. Est. Amble NE65 3PE GB
Accountants
Abacus Jack Ltd New Century House Crowther Road Washington Tyne and Wear NE38 0QA
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G.V. Engineering Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
135,000 
135,000 
Tangible assets
462,910 
316,892 
597,910 
451,892 
Current assets
Inventories
117,905 
149,283 
Debtors
907,421 
852,933 
Cash at bank and in hand
257,707 
377,695 
1,283,033 
1,379,911 
Creditors: amounts falling due within one year
(385,382)
(542,516)
Net current assets
897,651 
837,395 
Total assets less current liabilities
1,495,561 
1,289,287 
Creditors: amounts falling due after more than one year
(131,141)
(153,333)
Provisions for liabilities
Deferred tax
(115,728)
- 
Net assets
1,248,692 
1,135,954 
Capital and reserves
Called up share capital
1,001 
1,001 
Profit and loss account
1,247,691 
1,134,953 
Shareholders' funds
1,248,692 
1,135,954 
For the year ending 30 April 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2024 and were signed on its behalf by
Mr Alan Scott Richardson Director Company Registration No. 03980506
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G.V. Engineering Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
G.V. Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 03980506. The registered office is Coquet Enterprise Park, Amble Ind. Est., Amble, NE65 3PE, GB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25-33% Reducing balance
Motor vehicles
25% Reducing balance
Computer equipment
33% Reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 May 2023
135,000 
At 30 April 2024
135,000 
Amortisation
At 1 May 2023
- 
At 30 April 2024
- 
Net book value
At 30 April 2024
135,000 
At 30 April 2023
135,000 
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G.V. Engineering Limited Notes to the Accounts for the year ended 30 April 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2023
296,646 
154,010 
8,007 
458,663 
Additions
301,137 
- 
- 
301,137 
Disposals
- 
(27,750)
- 
(27,750)
At 30 April 2024
597,783 
126,260 
8,007 
732,050 
Depreciation
At 1 May 2023
46,373 
92,508 
2,890 
141,771 
Charge for the year
137,853 
8,438 
1,689 
147,980 
On disposals
- 
(20,611)
- 
(20,611)
At 30 April 2024
184,226 
80,335 
4,579 
269,140 
Net book value
At 30 April 2024
413,557 
45,925 
3,428 
462,910 
At 30 April 2023
250,273 
61,502 
5,117 
316,892 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
17,396 
- 
Trade debtors
876,401 
820,416 
Accrued income and prepayments
13,624 
- 
Other debtors
- 
32,517 
907,421 
852,933 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
34,192 
40,000 
VAT
100,358 
- 
Obligations under finance leases and hire purchase contracts
7,625 
- 
Trade creditors
135,298 
376,178 
Taxes and social security
56,276 
106,976 
Other creditors
50,093 
19,362 
Accruals
1,540 
- 
385,382 
542,516 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
131,141 
153,333 
9
Average number of employees
During the year the average number of employees was 40 (2023: 40).
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