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REGISTERED NUMBER: 10019106 (England and Wales)















Financial Statements For The Year Ended 31st December 2024

for

Global Vehicles Direct Ltd

Global Vehicles Direct Ltd (Registered number: 10019106)






Contents of the Financial Statements
For The Year Ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Global Vehicles Direct Ltd

Company Information
For The Year Ended 31st December 2024







DIRECTORS: J G Payne
P C Goddard





REGISTERED OFFICE: 63 High Street
Chislehurst
London
BR7 5BE





REGISTERED NUMBER: 10019106 (England and Wales)





ACCOUNTANTS: Baker Britt
Chartered Accountants
63 High Street
Chislehurst
Kent
BR7 5AF

Global Vehicles Direct Ltd (Registered number: 10019106)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 289,731 79,346

CURRENT ASSETS
Debtors 5 68,870 86,498
Cash at bank 125,788 148,353
194,658 234,851
CREDITORS
Amounts falling due within one year 6 123,650 115,863
NET CURRENT ASSETS 71,008 118,988
TOTAL ASSETS LESS CURRENT
LIABILITIES

360,739

198,334

CREDITORS
Amounts falling due after more than one
year

7

(175,956

)

-

PROVISIONS FOR LIABILITIES - (15,076 )
NET ASSETS 184,783 183,258

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 184,683 183,158
SHAREHOLDERS' FUNDS 184,783 183,258

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Global Vehicles Direct Ltd (Registered number: 10019106)

Balance Sheet - continued
31st December 2024


The 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.

The financial statements were approved by the Board of Directors and authorised for issue on 27th March 2025 and were signed on its behalf by:




J G Payne - Director



P C Goddard - Director


Global Vehicles Direct Ltd (Registered number: 10019106)

Notes to the Financial Statements
For The Year Ended 31st December 2024

1. STATUTORY INFORMATION

Global Vehicles Direct Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Global Vehicles Direct Ltd (Registered number: 10019106)

Notes to the Financial Statements - continued
For The Year Ended 31st December 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2024 207,016
Additions 338,518
Disposals (18,000 )
At 31st December 2024 527,534
DEPRECIATION
At 1st January 2024 127,670
Charge for year 128,133
Eliminated on disposal (18,000 )
At 31st December 2024 237,803
NET BOOK VALUE
At 31st December 2024 289,731
At 31st December 2023 79,346

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 51,416 45,133
Other debtors 17,454 41,365
68,870 86,498

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Finance leases 6,705 9,169
Taxation and social security 16,300 45,570
Other creditors 100,645 61,124
123,650 115,863

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Finance leases 175,956 -