Company Registration No. 09062911 (England and Wales)
GLVC LTD
Unaudited accounts
for the year ended 31 May 2026
GLVC LTD
Unaudited accounts
Contents
GLVC LTD
Company Information
for the year ended 31 May 2026
Directors
G Vinehill-Cliffe
L Vinehill-Cliffe
Company Number
09062911 (England and Wales)
Registered Office
11 Landemere Syke
Landshead Lane
Northowram
West Yorkshire
HX3 7SJ
England
Accountants
Small Business Accountancy
18 Stoney Hill
Rastrick
Brighouse
West Yorkshire
HD6 3BP
GLVC LTD
Statement of financial position
as at 31 May 2026
Tangible assets
1,153
1,442
Cash at bank and in hand
11,944
15,039
Creditors: amounts falling due within one year
(9,041)
(9,219)
Net current assets
7,864
9,966
Total assets less current liabilities
9,017
11,408
Provisions for liabilities
Called up share capital
2
2
Profit and loss account
8,796
11,132
Shareholders' funds
8,798
11,134
For the year ending 31 May 2026 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 3 August 2026 and were signed on its behalf by
G Vinehill-Cliffe
Director
Company Registration No. 09062911
GLVC LTD
Notes to the Accounts
for the year ended 31 May 2026
GLVC LTD is a private company, limited by shares, registered in England and Wales, registration number 09062911. The registered office is 11 Landemere Syke, Landshead Lane, Northowram, West Yorkshire, HX3 7SJ, 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.
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.
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 policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance basis
Computer equipment
20% reducing balance basis
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 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.
GLVC LTD
Notes to the Accounts
for the year ended 31 May 2026
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2025
524
3,820
4,344
At 31 May 2026
524
3,820
4,344
At 1 June 2025
454
2,448
2,902
Charge for the year
14
275
289
At 31 May 2026
468
2,723
3,191
At 31 May 2026
56
1,097
1,153
At 31 May 2025
70
1,372
1,442
Amounts falling due within one year
Accrued income and prepayments
140
140
6
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
5,560
5,605
Loans from directors
28
400
7
Deferred taxation
2026
2025
Accelerated capital allowances
219
274
Provision at start of year
274
216
(Credited)/charged to the profit and loss account
(55)
58
Provision at end of year
219
274
GLVC LTD
Notes to the Accounts
for the year ended 31 May 2026
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Transactions with related parties
The company is in receipt of loans amounting to £28.00 from members of key management personnel. The loans are payable on demand and the rate of interest charged is 0%. At the balance sheet date, the loans were still outstanding and are presented within creditors: amounts falling due within one year.
During the year, total dividends of £23,700 (2025: £20,000) were paid to the directors.
10
Average number of employees
During the year the average number of employees was 0 (2025: 0).