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Registered Number: 08182432
England and Wales

 

 

 

GSV INFOTECH LIMITED



Abridged Accounts
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 276    321 
276    321 
Current assets      
Debtors: amounts falling due within one year 7,250    11,772 
Cash at bank and in hand 13,602    23,171 
20,852    34,943 
Creditors: amount falling due within one year (15,048)   (19,999)
Net current assets 5,804    14,944 
 
Total assets less current liabilities 6,080    15,265 
Net assets 6,080    15,265 
 

Capital and reserves
     
Called up share capital 4 1    1 
Profit and loss account 6,079    15,264 
Shareholders' funds 6,080    15,265 
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 20 May 2025 and were signed by:


-------------------------------
Upender Rao SANGA
Director
1
General Information
GSV INFOTECH LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08182432, registration address 16 Repton Grove, Clayhall, Ilford, Essex, England, IG5 0RN.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 25% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 0 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 September 2023 3,499    3,499 
Additions  
Disposals  
At 31 August 2024 3,499    3,499 
Depreciation
At 01 September 2023 3,178    3,178 
Charge for year 45    45 
On disposals  
At 31 August 2024 3,223    3,223 
Net book values
Closing balance as at 31 August 2024 276    276 
Opening balance as at 01 September 2023 321    321 


4.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1 Ordinary share of £1.00 each  
 

5.

Control

The ultimate controlling interest is held by Mr Upender Rao Sanga, the director and  shareholder of the company.
2