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Registered Number: 06294457
England and Wales

 

 

 

GM POLISHING & LINISHING LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 July 2022

End date: 30 June 2023
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of GM Polishing & Linishing Limited for the year ended 30 June 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of GM Polishing & Linishing Limited for the year ended 30 June 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance This report is made solely to the Board of Directors of GM Polishing & Linishing Limited, as a body, in accordance with the terms of our engagement letter.

Our work has been undertaken solely to prepare for your approval the accounts of GM Polishing & Linishing Limited and state those matters that we have agreed to state to the Board of Directors of GM Polishing & Linishing Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than GM Polishing & Linishing Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that GM Polishing & Linishing Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of GM Polishing & Linishing Limited. You consider that GM Polishing & Linishing Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of GM Polishing & Linishing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts for the year ended 30 June 2023. 



....................................................
Chawton Hector
2 Maules Gardens
Stoke Gifford
Bristol
BS34 8AN

13 December 2023
1
 
 
Notes
 
2023
£
  2022
£
Current assets      
Debtors 201   
Cash at bank and in hand 6,121    7,856 
6,322    7,856 
Creditors: amount falling due within one year (1,726)   (3,175)
Net current assets 4,596    4,681 
 
Total assets less current liabilities 4,596    4,681 
Net assets 4,596    4,681 
 

Capital and reserves
     
Called up share capital 4 2    2 
Profit and loss account 4,594    4,679 
Shareholder's funds 4,596    4,681 
 


For the year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 13 December 2023 and were signed on its behalf by:


-------------------------------
J Meehan
Director
2
General Information
GM Polishing & Linishing Limited is a private company, limited by shares, registered in England and Wales, registration number 06294457, registration address 26 Princess Way, Wellingborough, Northamptonshire, NN8 2HJ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 25% Straight Line
Plant and Machinery 25% Straight Line
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Total
  £   £   £
At 01 July 2022 16,556    6,250    22,806 
Additions    
Disposals    
At 30 June 2023 16,556    6,250    22,806 
Depreciation
At 01 July 2022 16,556    6,250    22,806 
Charge for year    
On disposals    
At 30 June 2023 16,556    6,250    22,806 
Net book values
Closing balance as at 30 June 2023    
Opening balance as at 01 July 2022    


4.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
2 Ordinary shares of £1.00 each  
 

3