GVARA Ltd Filleted Accounts Cover |
Company No. 15670978 | |||||||||
GVARA Ltd Balance Sheet Registrar |
at | ||||||||||
Company No. | 15670978 | Notes | 2024 | |||||||
£ | ||||||||||
Current assets | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 5 | ( | ||||||||
Net current assets | ||||||||||
Total assets less current liabilities | ||||||||||
Net assets | ||||||||||
Reserves | ||||||||||
Income and expenditure account | 6 | |||||||||
Total equity | ||||||||||
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: | |||||||||||||||
2 | Accounting policies | ||||||||||||||
Turnover | |||||||||||||||
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 | |||||||||||||||
3 | Employees | ||||||||||||||
2024 | |||||||||||||||
Number | |||||||||||||||
The average monthly number of employees (including directors) during the period: | |||||||||||||||
4 | Debtors | ||||||||||||||
2024 | |||||||||||||||
£ | |||||||||||||||
VAT recoverable | |||||||||||||||
Prepayments and accrued income | |||||||||||||||
5 | Creditors: | ||||||||||||||
amounts falling due within one year | |||||||||||||||
2024 | |||||||||||||||
£ | |||||||||||||||
Trade creditors | |||||||||||||||
Corporation tax | |||||||||||||||
Accruals and deferred income | |||||||||||||||
6 | Reserves | ||||||||||||||