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
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
G.V. Engineering Limited
Statement of financial position
as at 30 April 2025
Intangible assets
146,493
135,000
Tangible assets
584,700
462,910
Inventories
89,474
117,905
Cash at bank and in hand
231,778
257,707
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
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
G.V. Engineering Limited
Notes to the Accounts
for the year ended 30 April 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 May 2024
135,000
-
135,000
At 30 April 2025
135,000
14,366
149,366
Charge for the year
-
2,873
2,873
At 30 April 2025
-
2,873
2,873
At 30 April 2025
135,000
11,493
146,493
At 30 April 2024
135,000
-
135,000
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
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
At 30 April 2025
423,409
156,698
4,593
584,700
At 30 April 2024
413,557
45,925
3,428
462,910
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
126,489
-
Amounts falling due within one year
Trade debtors
549,755
876,401
Accrued income and prepayments
17,954
13,624
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
40,109
34,192
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
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
Obligations under finance leases and hire purchase contracts
103,719
-
9
Average number of employees
During the year the average number of employees was 36 (2024: 40).