GUVNER LTD

Company Registration Number:
SC529247 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

GUVNER LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

GUVNER LTD

Directors' report period ended 31 March 2024

The directors present their report with the financial statements of the company for the period ended 31 March 2024

Principal activities of the company

The principal activity of the company during the year continued to be offshore grouting supervision and associated services. The business operates as a one-man limited company and provides specialist consultancy and operational oversight on offshore wind and oil & gas projects worldwide.



Directors

The director shown below has held office during the whole of the period from
1 April 2023 to 31 March 2024

Gary Mccomisky


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
20 December 2024

And signed on behalf of the board by:
Name: Gary Mccomisky
Status: Director

GUVNER LTD

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 21,311 36,537
Cost of sales: ( 241 ) ( 2,984 )
Gross profit(or loss): 21,070 33,553
Distribution costs: 0 0
Administrative expenses: ( 19,380 ) ( 40,529 )
Operating profit(or loss): 1,690 (6,976)
Interest receivable and similar income: 0 0
Interest payable and similar charges: 0 0
Profit(or loss) before tax: 1,690 (6,976)
Tax: 0 0
Profit(or loss) for the financial year: 1,690 (6,976)

GUVNER LTD

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 32,322 27,226
Total fixed assets: 32,322 27,226
Creditors: amounts falling due within one year: 5 ( 3,406 ) ( 5,087 )
Net current assets (liabilities): (3,406) 6,359
Total assets less current liabilities: 28,916 33,585
Creditors: amounts falling due after more than one year: 6 ( 16,951 ) ( 23,309 )
Total net assets (liabilities): 11,965 10,276
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 11,963 10,274
Total Shareholders' funds: 11,965 10,276

The notes form part of these financial statements

GUVNER LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 20 June 2025
and signed on behalf of the board by:

Name: Gary Mccomisky
Status: Director

The notes form part of these financial statements

GUVNER LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents the total value of services provided during the year, excluding VAT. Revenue is recognised when the service is delivered, and it is probable that economic benefits will flow to the company. Offshore contracts are recognised based on stage of completion at the balance sheet date.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are shown at cost less depreciation Depreciation is charged on a straight line or reducing balance basis to allocate the cost of assets over their estimated useful lives as follows Office equipment 33 per cent straight line Motor vehicles 25 per cent reducing balance Plant and machinery 25 per cent reducing balance Depreciation methods and rates are reviewed annually

GUVNER LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 1 1

GUVNER LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 12,169 21,376 33,545
Additions 4,000 4,722 8,722
Disposals
Revaluations
Transfers
At 31 March 2024 16,169 26,098 42,267
Depreciation
At 1 April 2023 2,000 4,319 6,319
Charge for year 1,126 2,500 3,626
On disposals
Other adjustments
At 31 March 2024 3,126 6,819 9,945
Net book value
At 31 March 2024 13,043 19,279 32,322
At 31 March 2023 10,169 17,057 27,226

GUVNER LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
£ £
Trade debtors 2,327
Total   2,327

GUVNER LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 2,282
Taxation and social security 1,130
Accruals and deferred income 1,124 2,001
Other creditors 1,956
Total 3,406 5,087

GUVNER LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due after more than one year note

2024 2023
£ £
Bank loans and overdrafts 1,759 6,076
Amounts due under finance leases and hire purchase contracts 9,254 17,233
Other creditors 5,938
Total 16,951 23,309

GUVNER LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Loans to directors

Name of director receiving advance or credit: Gary Mccomisky
Description of the transaction:
Drawings by the director for personal use throughout the financial year. No fixed repayment terms or interest applied.
£
Balance at 31 March 2023 19,483
Advances or credits made: 35,830
Advances or credits repaid:
Balance at 31 March 2024 55,313