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REGISTERED NUMBER: SC504923 (Scotland)










Unaudited Financial Statements

for the Year Ended

31 May 2023

for

GMM ECO SOLUTIONS LTD

GMM ECO SOLUTIONS LTD (REGISTERED NUMBER: SC504923)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GMM ECO SOLUTIONS LTD

Company Information
for the Year Ended 31 May 2023







DIRECTOR: G McNeil





REGISTERED OFFICE: 47 Old Manse Road
Wishaw
ML2 0EN





REGISTERED NUMBER: SC504923 (Scotland)





ACCOUNTANTS: WDM Associates
Oakfield House
378 Brandon Street
Motherwell
ML1 1XA

GMM ECO SOLUTIONS LTD (REGISTERED NUMBER: SC504923)

Balance Sheet
31 May 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,435 2,889

CURRENT ASSETS
Stocks - 2,980
Debtors 5 - 20,354
Cash at bank 48,594 49,471
48,594 72,805
CREDITORS
Amounts falling due within one year 6 (77,694 ) (100,813 )
NET CURRENT LIABILITIES (29,100 ) (28,008 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(26,665

)

(25,119

)

CREDITORS
Amounts falling due after more than one
year

7

(16,194

)

(18,507

)
NET LIABILITIES (42,859 ) (43,626 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (42,860 ) (43,627 )
(42,859 ) (43,626 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

GMM ECO SOLUTIONS LTD (REGISTERED NUMBER: SC504923)

Balance Sheet - continued
31 May 2023


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.

The financial statements were approved by the director and authorised for issue on 17 October 2023 and were signed by:





G McNeil - Director


GMM ECO SOLUTIONS LTD (REGISTERED NUMBER: SC504923)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

Gmm Eco Solutions 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 - 10% on cost
Fixtures and fittings - 10% on cost
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Basic financial instruments
Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


GMM ECO SOLUTIONS LTD (REGISTERED NUMBER: SC504923)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all 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 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 June 2022 2,579 1,365 6,114 10,058
Additions - 374 426 800
At 31 May 2023 2,579 1,739 6,540 10,858
DEPRECIATION
At 1 June 2022 1,687 425 5,057 7,169
Charge for year 258 174 822 1,254
At 31 May 2023 1,945 599 5,879 8,423
NET BOOK VALUE
At 31 May 2023 634 1,140 661 2,435
At 31 May 2022 892 940 1,057 2,889

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 5,222
Other debtors - 5,152
Directors' current accounts - 9,541
VAT - 439
- 20,354

GMM ECO SOLUTIONS LTD (REGISTERED NUMBER: SC504923)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Deferred Vat 6,044 890
Trade creditors 38,951 72,399
Tax 22,984 26,273
VAT 8,354 -
Directors' current accounts 46 -
Accrued expenses 1,315 1,251
77,694 100,813

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
RBS - bounce back loan 16,194 18,507

Amounts falling due in more than five years:

Repayable by instalments
RBS - bounce back loan 16,194 18,507