GVARA Ltd Filleted Accounts Cover
GVARA Ltd
Company No. 15670978
Information for Filing with The Registrar
31 December 2024
GVARA Ltd Balance Sheet Registrar
at
31 December 2024
Company No.
15670978
Notes
2024
£
Current assets
Debtors
4
801
Cash at bank and in hand
55,895
56,696
Creditors: Amount falling due within one year
5
(13,211)
Net current assets
43,485
Total assets less current liabilities
43,485
Net assets
43,485
Reserves
Income and expenditure account
6
43,485
Total equity
43,485
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 period ended 31 December 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 income and expenditure account.
Approved by the board on 04 February 2025 and signed on its behalf by:
D. THORNTON
Director
04 February 2025
GVARA Ltd Notes to the Accounts Registrar
for the period ended 31 December 2024
1
General information
GVARA Ltd is a private company limited by guarantee and incorporated in England and Wales.
Its registered number is: 15670978
Its registered office is:
1 The Mews
Little Brunswick Street
Huddersfield
HD1 5JL
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.
Taxation
Income tax expense represents the sum of the tax currently payable.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the income and expenditure account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
3
Employees
2024
Number
The average monthly number of employees (including directors) during the period:
5
4
Debtors
2024
£
VAT recoverable
376
Prepayments and accrued income
425
801
5
Creditors:
amounts falling due within one year
2024
£
Trade creditors
19
Corporation tax
12,147
Accruals and deferred income
1,045
13,211
6
Reserves
Income and expenditure account - includes all current and prior period retained surpluses and deficits.
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