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Company Registration No. 03980506 (England and Wales)
G.V. Engineering Limited Unaudited accounts for the year ended 30 April 2025
G.V. Engineering Limited Unaudited accounts Contents
Page
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G.V. Engineering Limited Company Information for the year ended 30 April 2025
Directors
Mr Alan Scott Richardson Mr Allan Scott Richardson Jnr
Company Number
03980506 (England and Wales)
Registered Office
Coquet Enterprise Park, Amble Ind. Est. Amble NE65 3PE GB
Accountants
Abacus Jack Ltd New Century House Crowther Road Washington Tyne and Wear NE38 0QA
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G.V. Engineering Limited Statement of financial position as at 30 April 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Intangible assets
146,493 
135,000 
Tangible assets
584,700 
462,910 
731,193 
597,910 
Current assets
Inventories
89,474 
117,905 
Debtors
773,461 
890,025 
Cash at bank and in hand
231,778 
257,707 
1,094,713 
1,265,637 
Creditors: amounts falling due within one year
(300,990)
(367,986)
Net current assets
793,723 
897,651 
Total assets less current liabilities
1,524,916 
1,495,561 
Creditors: amounts falling due after more than one year
(194,751)
(131,141)
Provisions for liabilities
Deferred tax
(128,634)
(115,728)
Net assets
1,201,531 
1,248,692 
Capital and reserves
Called up share capital
1,001 
1,001 
Profit and loss account
1,200,530 
1,247,691 
Shareholders' funds
1,201,531 
1,248,692 
For the year ending 30 April 2025 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 August 2025 and were signed on its behalf by
Mr Allan Scott Richardson Jnr Director Company Registration No. 03980506
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G.V. Engineering Limited Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
G.V. Engineering Limited is a private company, limited by shares, registered in England and Wales, registration number 03980506. The registered office is Coquet Enterprise Park, Amble Ind. Est., Amble, NE65 3PE, GB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25-33% Reducing balance
Motor vehicles
25% Reducing balance
Computer equipment
33% Reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
Other 
Total 
£ 
£ 
£ 
Cost
At 1 May 2024
135,000 
- 
135,000 
Additions
- 
14,366 
14,366 
At 30 April 2025
135,000 
14,366 
149,366 
Amortisation
At 1 May 2024
- 
- 
- 
Charge for the year
- 
2,873 
2,873 
At 30 April 2025
- 
2,873 
2,873 
Net book value
At 30 April 2025
135,000 
11,493 
146,493 
At 30 April 2024
135,000 
- 
135,000 
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G.V. Engineering Limited Notes to the Accounts for the year ended 30 April 2025
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 May 2024
597,783 
126,260 
8,007 
732,050 
Additions
99,928 
213,402 
3,461 
316,791 
Disposals
- 
(30,967)
- 
(30,967)
At 30 April 2025
697,711 
308,695 
11,468 
1,017,874 
Depreciation
At 1 May 2024
184,226 
80,335 
4,579 
269,140 
Charge for the year
90,076 
97,174 
2,296 
189,546 
On disposals
- 
(25,512)
- 
(25,512)
At 30 April 2025
274,302 
151,997 
6,875 
433,174 
Net book value
At 30 April 2025
423,409 
156,698 
4,593 
584,700 
At 30 April 2024
413,557 
45,925 
3,428 
462,910 
2025 
2024 
Carrying values included above held under finance leases and hire purchase contracts:
£ 
£ 
- Motor vehicles
126,489 
- 
6
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
549,755 
876,401 
Accrued income and prepayments
17,954 
13,624 
567,709 
890,025 
Amounts falling due after more than one year
Other debtors
205,752 
- 
7
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
40,109 
34,192 
VAT
37,171 
82,962 
Obligations under finance leases and hire purchase contracts
47,319 
7,625 
Trade creditors
115,322 
135,298 
Taxes and social security
52 
56,276 
Other creditors
59,062 
50,093 
Accruals
1,955 
1,540 
300,990 
367,986 
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G.V. Engineering Limited Notes to the Accounts for the year ended 30 April 2025
8
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
91,032 
131,141 
Obligations under finance leases and hire purchase contracts
103,719 
- 
194,751 
131,141 
9
Average number of employees
During the year the average number of employees was 36 (2024: 40).
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