REGISTERED NUMBER: SC808667 (Scotland)

Financial Statements for the Year Ended 31 March 2026

for

GDV AUTOS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G D Valentine

REGISTERED OFFICE:

25 Catto Crescent

Cove

Aberdeen

AB12 3PQ

REGISTERED NUMBER:

SC808667 (Scotland)

ACCOUNTANTS:

Account Tax Ltd

Chartered Certified Accountants

12 Traill Drive

Montrose

Angus

DD10 8SW

FIXED ASSETS

Tangible assets

4

16,300

18,484

CURRENT ASSETS

Stocks

750

500

Debtors

5

-

654

Cash at bank

6,189

529

6,939

1,683

CREDITORS

Amounts falling due within one year

6

36,243

33,943

NET CURRENT LIABILITIES

(29,304

)

(32,260

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(13,004

)

(13,776

)

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(13,005

)

(13,777

)

SHAREHOLDERS' FUNDS

(13,004

)

(13,776

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 6 May 2026 and were signed by:

G D Valentine - Director

1.	STATUTORY INFORMATION

GDV Autos Ltd is a private company, limited by shares , registered in Scotland. 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

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stock

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 material 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 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2025

7,163

14,997

-

22,160

Additions

2,097

-

682

2,779

At 31 March 2026

9,260

14,997

682

24,939

DEPRECIATION

At 1 April 2025

552

3,124

-

3,676

Charge for year

1,938

2,968

57

4,963

At 31 March 2026

2,490

6,092

57

8,639

NET BOOK VALUE

At 31 March 2026

6,770

8,905

625

16,300

At 31 March 2025

6,611

11,873

-

18,484

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

-

654

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Taxation and social security

2,563

-

Other creditors

33,680

33,943

36,243

33,943

7.	RELATED PARTY DISCLOSURES

The company was under control of the director, G D Valentine, throughout the current year and previous period.

During the year the company paid the director net amounts totalling £2,673. As at 31 March 2026, included within other creditors, is a balance outstanding due to the director of £25,070 (2025-£27,743). No interest has been paid on this loan.