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false
false
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No description of principal activity
2022-04-01
Sage Accounts Production Advanced 2021 - FRS102_2021
6,346
317
1,809
2,126
4,220
6,029
100
100
100
xbrli:pure
xbrli:shares
iso4217:GBP
13289027
2022-04-01
2023-03-31
13289027
2023-03-31
13289027
2022-03-31
13289027
2021-04-01
2022-03-31
13289027
2022-03-31
13289027
bus:Director1
2022-04-01
2023-03-31
13289027
core:WithinOneYear
2023-03-31
13289027
core:WithinOneYear
2022-03-31
13289027
core:ShareCapital
2023-03-31
13289027
core:ShareCapital
2022-03-31
13289027
core:RetainedEarningsAccumulatedLosses
2023-03-31
13289027
core:RetainedEarningsAccumulatedLosses
2022-03-31
13289027
core:AdditionsToInvestments
core:Non-currentFinancialInstruments
2023-03-31
13289027
core:CostValuation
core:Non-currentFinancialInstruments
2023-03-31
13289027
core:Non-currentFinancialInstruments
2023-03-31
13289027
bus:SmallEntities
2022-04-01
2023-03-31
13289027
bus:AuditExemptWithAccountantsReport
2022-04-01
2023-03-31
13289027
bus:FullAccounts
2022-04-01
2023-03-31
13289027
bus:SmallCompaniesRegimeForAccounts
2022-04-01
2023-03-31
13289027
bus:PrivateLimitedCompanyLtd
2022-04-01
2023-03-31
13289027
core:ComputerEquipment
2022-04-01
2023-03-31
13289027
core:ComputerEquipment
2023-03-31
13289027
core:ComputerEquipment
2022-03-31
COMPANY REGISTRATION NUMBER:
13289027
GMC Events International Ltd |
|
Filleted Unaudited Financial Statements |
|
GMC Events International Ltd |
|
31 March 2023
Fixed assets
Tangible assets |
5 |
4,220 |
6,029 |
Investments |
6 |
100 |
– |
|
------- |
------- |
|
4,320 |
6,029 |
|
|
|
|
Current assets
Debtors |
7 |
76,417 |
141,532 |
Cash at bank and in hand |
95,703 |
110,013 |
|
--------- |
--------- |
|
172,120 |
251,545 |
|
|
|
|
Creditors: amounts falling due within one year |
8 |
70,098 |
83,040 |
|
--------- |
--------- |
Net current assets |
102,022 |
168,505 |
|
--------- |
--------- |
Total assets less current liabilities |
106,342 |
174,534 |
|
|
|
|
Provisions |
1,290 |
1,507 |
|
--------- |
--------- |
Net assets |
105,052 |
173,027 |
|
--------- |
--------- |
|
|
|
Capital and reserves
Called up share capital |
6 |
6 |
Profit and loss account |
105,046 |
173,021 |
|
--------- |
--------- |
Shareholders funds |
105,052 |
173,027 |
|
--------- |
--------- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The 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 Act with respect to accounting records and the preparation of financial statements
.
GMC Events International Ltd |
|
Balance Sheet (continued) |
|
31 March 2023
These financial statements were approved by the
board of directors
and authorised for issue on
3 October 2023
, and are signed on behalf of the board by:
Company registration number:
13289027
GMC Events International Ltd |
|
Notes to the Financial Statements |
|
Year ended 31 March 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Vassall Road, Bristol, BS16 2LQ, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis and in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements have been rounded to the nearest £.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements under FRS 102 requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts. These estimates and judgements are continually evaluated and are based on historical experience and other factors including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.
Revenue recognition
Turnover comprises the sales value net of attributable VAT of work done in the period under contracts to supply goods and services to third parties.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Equipment |
- |
30% reducing balance |
|
|
|
|
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2022:
2
).
5.
Tangible assets
|
Equipment |
|
£ |
Cost |
|
At 1 April 2022 and 31 March 2023 |
6,346 |
|
------- |
Depreciation |
|
At 1 April 2022 |
317 |
Charge for the year |
1,809 |
|
------- |
At 31 March 2023 |
2,126 |
|
------- |
Carrying amount |
|
At 31 March 2023 |
4,220 |
|
------- |
At 31 March 2022 |
6,029 |
|
------- |
|
|
6.
Investments
|
Other investments other than loans |
|
£ |
Cost |
|
At 1 April 2022 |
– |
Additions |
100 |
|
---- |
At 31 March 2023 |
100 |
|
---- |
Impairment |
|
At 1 April 2022 and 31 March 2023 |
– |
|
---- |
|
|
Carrying amount |
|
At 31 March 2023 |
100 |
|
---- |
At 31 March 2022 |
– |
|
---- |
|
|
7.
Debtors
|
2023 |
2022 |
|
£ |
£ |
Trade debtors |
53,120 |
133,229 |
Other debtors |
23,297 |
8,303 |
|
-------- |
--------- |
|
76,417 |
141,532 |
|
-------- |
--------- |
|
|
|
8.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Trade creditors |
14,134 |
11,850 |
Corporation tax |
– |
69,947 |
Social security and other taxes |
55,856 |
1,235 |
Other creditors |
108 |
8 |
|
-------- |
-------- |
|
70,098 |
83,040 |
|
-------- |
-------- |
|
|
|
Included in 'Other creditors' is an amount of £8 (2022: £8) due to the directors. The balance is unsecured, interest free and repayable on demand.
9.
Directors' advances, credits and guarantees
There are no transactions with the directors that require disclosure under section 413 of the Companies Act 2006.