GQM SERVICES LTD

Company Registration Number:
11600693 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

GQM SERVICES LTD

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

GQM SERVICES LTD

Balance sheet

As at 31 December 2022


Notes

2022

2021


£

£
Fixed assets
Tangible assets: 3 432,441 401,285
Total fixed assets: 432,441 401,285
Current assets
Debtors:   470,636 680,693
Cash at bank and in hand: 32,864 8,283
Total current assets: 503,500 688,976
Creditors: amounts falling due within one year: 4 (545,477) (960,112)
Net current assets (liabilities): (41,977) (271,136)
Total assets less current liabilities: 390,464 130,149
Total net assets (liabilities): 390,464 130,149
Capital and reserves
Called up share capital: 1,000 1,000
Profit and loss account: 389,464 129,149
Shareholders funds: 390,464 130,149

The notes form part of these financial statements

GQM SERVICES LTD

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 September 2023
and signed on behalf of the board by:

Name: Richard Turner
Status: Director

The notes form part of these financial statements

GQM SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

GQM SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 70 58

GQM SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible Assets

Total
Cost £
At 01 January 2022 439,462
Additions 148,794
Transfers (25,406)
At 31 December 2022 562,850
Depreciation
At 01 January 2022 38,177
Charge for year 92,232
At 31 December 2022 130,409
Net book value
At 31 December 2022 432,441
At 31 December 2021 401,285

GQM SERVICES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Creditors: amounts falling due within one year note

Amounts owed to group undertakings represents current account with GEOQUIP Marine OperationsAG, are unsecured, interest free and repayable on demand.