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Registered Number: 11334139
England and Wales

 

 

 

GOVVIN LTD



Unaudited Financial Statements
 


Period of accounts

Start date: 01 October 2023

End date: 30 September 2024
Directors Mr. Kiran GHANTA
Sravanthi Ghanta
Registered Number 11334139
Registered Office 14 Hawthorn Crescent
Chelmsford
CM1 4FY
1
Director's report and financial statements
The directors present his/her/their annual report and the financial statements for the year ended 30 September 2024.
Principal activities
The Principal activity of the company during the financial year is providing Information technology consultancy services.
Directors
The directors who served the company throughout the year were as follows:
Shares (%)
Mr. Kiran GHANTA (from 27/04/2018)100.00
Sravanthi Ghanta 0.00
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the directors are required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Mr. Kiran GHANTA
Director

Date approved: 06 June 2025
2
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 2,855    1,488 
2,855    1,488 
Current assets      
Debtors: amounts falling due within one year 4 14,192    9,356 
Cash at bank and in hand 2,314    4,344 
16,506    13,700 
Creditors: amount falling due within one year 5 (9,102)   (1,880)
Net current assets 7,404    11,820 
 
Total assets less current liabilities 10,259    13,308 
Creditors: amount falling due after more than one year 6 (6,557)   (11,552)
Net assets 3,702    1,756 
 

Capital and reserves
     
Called up share capital 7 1    1 
Profit and loss account 3,701    1,755 
Shareholders' funds 3,702    1,756 
 


For the year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge 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 financial statements were approved by the board of directors on 06 June 2025 and were signed on its behalf by:


-------------------------------
Mr. Kiran GHANTA
Director
3
General Information
GOVVIN LTD is a private company, limited by shares, registered in England and Wales, registration number 11334139, registration address 14 Hawthorn Crescent, Chelmsford, CM1 4FY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
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:
Fixtures and Fittings 18 Reducing Balance
Computer Equipment 18 Reducing Balance
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 1).
3.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 October 2023 650    2,162    2,812 
Additions   1,697    1,697 
Disposals    
At 30 September 2024 650    3,859    4,509 
Depreciation
At 01 October 2023 98    1,226    1,324 
Charge for year 99    231    330 
On disposals    
At 30 September 2024 197    1,457    1,654 
Net book values
Closing balance as at 30 September 2024 453    2,402    2,855 
Opening balance as at 01 October 2023 552    936    1,488 


4.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other Debtors 3,960    4,500 
Directors' Current Accounts 9,773    4,856 
VAT 459   
14,192    9,356 

5.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors   404 
Corporation Tax 1,002    91 
Wages & Salaries Control Account 3,600   
Director: Sravanthi GHANTA 4,500   
VAT   1,385 
9,102    1,880 

6.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bank Loans & Overdrafts 6,557    11,552 
6,557    11,552 

7.

Share Capital

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

8.

Ultimate Control

Mr. Kiran GHANTA is the director and 100% shareholder with ultimate control in the company.
4