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Company Registration No. 14929544 (England and Wales)
GVE International Ltd Unaudited accounts for the year ended 30 June 2025
GVE International Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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GVE International Ltd Company Information for the year ended 30 June 2025
Director
V Godin
Company Number
14929544 (England and Wales)
Registered Office
5th Floor 167-169 Great Portland Street London W1W 5PF England
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GVE International Ltd Statement of financial position as at 30 June 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
8,993
11,635
Current assets
Debtors
5
117,701
33,540
Cash at bank and in hand
30,021
5,688
147,722
39,228
Creditors: amounts falling due within one year
6
(218,710)
(174,617)
Net current liabilities
(70,988)
(135,389)
Total assets less current liabilities
(61,995)
(123,754)
Provisions for liabilities
Deferred tax
(332)
(516)
Net liabilities
(62,327)
(124,270)
Capital and reserves
Called up share capital
1
1
Profit and loss account
(62,328)
(124,271)
Shareholders' funds
(62,327)
(124,270)
For the year ending 30 June 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 director acknowledges her 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 and authorised for issue on 10 October 2025 and were signed on its behalf by
V Godin Director Company Registration No. 14929544
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GVE International Ltd Notes to the Accounts for the year ended 30 June 2025
1
Statutory information
GVE International Ltd is a private company, limited by shares, registered in England and Wales, registration number 14929544. The registered office is 5th Floor, 167-169 Great Portland Street, London, W1W 5PF, England.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
5 years on cost
Computer equipment
3 years on cost
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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GVE International Ltd Notes to the Accounts for the year ended 30 June 2025
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
The accounts have been prepared on a going concern basis on the understanding that the parent company will continue to support the company for the foreseeable future.
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 July 2024
10,876
1,583
12,459
At 30 June 2025
10,876
1,583
12,459
Depreciation
At 1 July 2024
502
322
824
Charge for the year
2,175
467
2,642
At 30 June 2025
2,677
789
3,466
Net book value
At 30 June 2025
8,199
794
8,993
At 30 June 2024
10,374
1,261
11,635
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
-
5,691
Trade debtors
29,636
4,104
Accrued income and prepayments
86,477
20,745
Other debtors
1,588
3,000
117,701
33,540
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
99
11,885
Amounts owed to group undertakings and other participating interests
183,444
145,186
Taxes and social security
5,883
5,698
Other creditors
-
7,078
Accruals
29,284
4,770
218,710
174,617
The loan from the parent company has no fixed repayment or interest terms.
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GVE International Ltd Notes to the Accounts for the year ended 30 June 2025
7
Controlling party
The ultimate controlling party is GVE Europe Srl, incorporated in Belgium. The address of GVE Europe Srl is: 1 Chaussee De Namur 1, Nivelles, Belgium BE1400.
8
Average number of employees
During the year the average number of employees was 1 (2024: 3).
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