Financial Statements
for the Year Ended 31 March 2025
for
Govan Enterprises (Service and Manufacture) Limited
Govan Enterprises
(Service and Manufacture) Limited
Contents of the Financial Statements for the Year Ended 31 March 2025
Page Company Information 1 Balance Sheet 2 Notes to the Financial Statements 3
Govan Enterprises {Service and Manufacture) Limited
Company Information for the Year Ended 31 March 2025
DIRECTORS: P Cassidy R Swords W Pritchard
SECRETARY: P Cassidy
REGISTERED OFFICE: 6 Harmony Row GLASGOW G51 3TR REGISTERED NUMBER: $C072714 (Scotland)
Page |
Govan Enterprises
(Service and Manufacture) Limited (Registered number: SC072714)
Balance Sheet
31 March 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Property, plant and equipment | 2 | 452 | 452 |
| TOTALASSETS LESSCURRENT | |||
| LIABILITIES | 452 | 452 | |
| RESERVES | |||
| Income and expenditure account | 3 | 452 | 452 |
| 452 | 452 |
The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their 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 surplus or deficit 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 Income Statement has not been delivered. Theand financialwere signedstatementson its behalfwere approved by: by the Board of Directors and authorised for issue on 2e\s|25
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P Cassidy - Director
The notes form part of these financial statements
Page 2
Goyan Enterprises Service and Manufacture) Limited
Notes to the Financial Statements
for the Year Ended 31 March 2025
1. ACCOUNTING POLICIES
Going concern
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.
The directors are confident that the going concern basis is appropriate to these financial statements and that the company can mect its obligations as they fall due.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of cach asset over Its estimated useful life. Improvements to property - 15% on reducing balance Plant and machinery - 15% on reducing balance
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
2. PROPERTY, PLANT AND EQUIPMENT
| PROPERTY, PLANT ANDPLANT ANDAND EQUIPMENT | |||
|---|---|---|---|
| Improvements | |||
| to | Plant and | ||
| property | machinery | Totals | |
| £ | £ | £ | |
| COST | |||
| At | April 2024 | ||
| and 31 March 2025 | 1,387 | 4,054 | 5,441 |
| DEPRECIATION | |||
| At I April 2024 | |||
| and 31 March 2025 | 1,283 | 3,706 | 4,989 |
| NET BOOKVALUE | |||
| At31 March 2025 | 104 | 348 | 452 |
| At31March2024 | 104 | 348 | 452 |
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continued...
Govan Enterprises (Service and Manufacture) Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2025
3. RESERVES
Income and expenditure account £ At] April 2024 452 Surplus for the year - At31 March 2025 452
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