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REGISTERED NUMBER: 06304415 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

GM FINANCIAL CONSULTANTS LTD

GM FINANCIAL CONSULTANTS LTD (REGISTERED NUMBER: 06304415)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

GM FINANCIAL CONSULTANTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTOR: G J Mclair





REGISTERED OFFICE: The Gables
Kings Arms Lane
Polebrook
Peterborough
PE8 5LW





REGISTERED NUMBER: 06304415 (England and Wales)





ACCOUNTANTS: J Gilmour Limited
Certified Accountants
24 Clydeview
Bothwell
Glasgow
Lanarkshire
G71 8NW

GM FINANCIAL CONSULTANTS LTD (REGISTERED NUMBER: 06304415)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 263 350
263 350

CURRENT ASSETS
Debtors 6 400 400
Cash at bank 63,215 33,672
63,615 34,072
CREDITORS
Amounts falling due within one year 7 31,480 29,984
NET CURRENT ASSETS 32,135 4,088
TOTAL ASSETS LESS CURRENT
LIABILITIES

32,398

4,438

PROVISIONS FOR LIABILITIES 8 52 66
NET ASSETS 32,346 4,372

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 32,246 4,272
SHAREHOLDERS' FUNDS 32,346 4,372

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

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

GM FINANCIAL CONSULTANTS LTD (REGISTERED NUMBER: 06304415)

BALANCE SHEET - continued
31 AUGUST 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 28 January 2024 and were signed by:





G J Mclair - Director


GM FINANCIAL CONSULTANTS LTD (REGISTERED NUMBER: 06304415)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023


1. STATUTORY INFORMATION

Gm Financial Consultants Ltd is a private company, limited by shares , registered in England and Wales. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, is being amortised evenly over its estimated useful life of six years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

GM FINANCIAL CONSULTANTS LTD (REGISTERED NUMBER: 06304415)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2022
and 31 August 2023 226,464
AMORTISATION
At 1 September 2022
and 31 August 2023 226,464
NET BOOK VALUE
At 31 August 2023 -
At 31 August 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 September 2022
and 31 August 2023 558 3,130 3,688
DEPRECIATION
At 1 September 2022 539 2,799 3,338
Charge for year 2 85 87
At 31 August 2023 541 2,884 3,425
NET BOOK VALUE
At 31 August 2023 17 246 263
At 31 August 2022 19 331 350

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Prepayments 400 400

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Tax 30,512 25,015
Directors' current accounts 118 4,368
Accrued expenses 850 601
31,480 29,984

GM FINANCIAL CONSULTANTS LTD (REGISTERED NUMBER: 06304415)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023


8. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax
Accelerated capital allowances 52 66

Deferred
tax
£   
Balance at 1 September 2022 66
accelerated capital allowances (14 )
Balance at 31 August 2023 52

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 September 2022 4,272
Profit for the year 110,204
Dividends (82,230 )
At 31 August 2023 32,246

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
G J Mclair
Balance outstanding at start of year 4,368 2,765
Amounts advanced - 1,603
Amounts repaid (4,250 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 118 4,368

GM FINANCIAL CONSULTANTS LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
GM FINANCIAL CONSULTANTS LTD


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 August 2023 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






J Gilmour Limited
Certified Accountants
24 Clydeview
Bothwell
Glasgow
Lanarkshire
G71 8NW


28 January 2024