Company registration number 07107090 (England and Wales)
GS VERDE TAX & ACCOUNTANTS LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
GS VERDE TAX & ACCOUNTANTS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
GS VERDE TAX & ACCOUNTANTS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
as restated
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,536
6,705
Current assets
Debtors
4
794,193
596,864
Cash at bank and in hand
6,171
48,450
800,364
645,314
Creditors: amounts falling due within one year
5
(417,746)
(186,113)
Net current assets
382,618
459,201
Total assets less current liabilities
384,154
465,906
Creditors: amounts falling due after more than one year
6
(147,136)
(143,649)
Provisions for liabilities
(1,676)
(1,676)
Net assets
235,342
320,581
Capital and reserves
Called up share capital
7
1,000
1,000
Profit and loss reserves
234,342
319,581
Total equity
235,342
320,581

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 11 November 2025 and are signed on its behalf by:
Mr N Greenaway
Director
Company registration number 07107090 (England and Wales)
GS VERDE TAX & ACCOUNTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

GS Verde Tax & Accountants Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Maltings, East Tyndall Street, Cardiff, United Kingdom, United Kingdom, CF24 5EA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
Straight line over 3 years
Office Equipment
Straight line over 3 years
1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

GS VERDE TAX & ACCOUNTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense,

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
10
15
3
Tangible fixed assets
Fixtures and fittings
Office Equipment
Total
£
£
£
Cost
At 1 January 2024 and 31 December 2024
5,816
32,791
38,607
Depreciation and impairment
At 1 January 2024
4,648
27,254
31,902
Depreciation charged in the year
934
4,235
5,169
At 31 December 2024
5,582
31,489
37,071
Carrying amount
At 31 December 2024
234
1,302
1,536
At 31 December 2023
1,168
5,537
6,705
GS VERDE TAX & ACCOUNTANTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
149,711
173,766
Amounts owed by group undertakings
484,227
279,907
Other debtors
160,255
143,191
794,193
596,864
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
261,419
117,570
Trade creditors
16,812
7,543
Taxation and social security
126,554
33,931
Other creditors
12,961
27,069
417,746
186,113
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
147,136
143,649
7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary of £1 each
1,000
1,000
1,000
1,000
8
Parent company

The company is a wholly owned subsidiary of GS Verde Group Limited, whose registered office address is The Loft a t The Maltings, East Tyndall Street, Cardiff, CF24 5EZ.

The ultimate parent company is GS Verde Group Limited, whose registered office address is The Loft a t The Maltings, East Tyndall Street, Cardiff, CF24 5EZ.

9
Prior Year Adjustment

A prior year adjustment has been made in respect of additional dividends totaling £50,000 paid to the parent company. The net effect on Net Assets is a reduction of £50,000.

2024-12-31 2024-01-01 false false false 11 November 2025 CCH Software CCH Accounts Production 2025.100 No description of principal activity Mr N Greenaway Mr M W Sutton Mr A Milford 07107090 2024-01-01 2024-12-31 07107090 2024-12-31 07107090 2023-12-31 07107090 core:FurnitureFittings 2024-12-31 07107090 core:ComputerEquipment 2024-12-31 07107090 core:FurnitureFittings 2023-12-31 07107090 core:ComputerEquipment 2023-12-31 07107090 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 07107090 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 07107090 core:ShareCapital 2024-12-31 07107090 core:ShareCapital 2023-12-31 07107090 core:RetainedEarningsAccumulatedLosses 2024-12-31 07107090 core:RetainedEarningsAccumulatedLosses 2023-12-31 07107090 core:ShareCapitalOrdinaryShareClass1 2024-12-31 07107090 core:ShareCapitalOrdinaryShareClass1 2023-12-31 07107090 bus:Director1 2024-01-01 2024-12-31 07107090 core:FurnitureFittings 2024-01-01 2024-12-31 07107090 core:ComputerEquipment 2024-01-01 2024-12-31 07107090 2023-01-01 2023-12-31 07107090 core:FurnitureFittings 2023-12-31 07107090 core:ComputerEquipment 2023-12-31 07107090 2023-12-31 07107090 core:CurrentFinancialInstruments 2024-12-31 07107090 core:CurrentFinancialInstruments 2023-12-31 07107090 core:WithinOneYear 2024-12-31 07107090 core:WithinOneYear 2023-12-31 07107090 core:Non-currentFinancialInstruments 2024-12-31 07107090 core:Non-currentFinancialInstruments 2023-12-31 07107090 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 07107090 bus:OrdinaryShareClass1 2024-12-31 07107090 bus:OrdinaryShareClass1 2023-12-31 07107090 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07107090 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07107090 bus:FRS102 2024-01-01 2024-12-31 07107090 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 07107090 bus:Director2 2024-01-01 2024-12-31 07107090 bus:Director3 2024-01-01 2024-12-31 07107090 bus:FullAccounts 2024-01-01 2024-12-31 xbrli:pure xbrli:shares iso4217:GBP