2022-06-012023-05-312023-05-31falseSC459350GM2 DESIGN LTD2024-02-1371129iso4217:GBPxbrli:pureSC4593502022-06-01SC4593502023-05-31SC4593502022-06-012023-05-31SC4593502021-06-01SC4593502022-05-31SC4593502021-06-012022-05-31SC459350bus:SmallEntities2022-06-012023-05-31SC459350bus:AuditExempt-NoAccountantsReport2022-06-012023-05-31SC459350bus:FullAccounts2022-06-012023-05-31SC459350bus:PrivateLimitedCompanyLtd2022-06-012023-05-31SC459350core:WithinOneYear2023-05-31SC459350core:AfterOneYear2023-05-31SC459350core:WithinOneYear2022-05-31SC459350core:AfterOneYear2022-05-31SC459350core:ShareCapital2023-05-31SC459350core:SharePremium2023-05-31SC459350core:RevaluationReserve2023-05-31SC459350core:OtherReservesSubtotal2023-05-31SC459350core:RetainedEarningsAccumulatedLosses2023-05-31SC459350core:ShareCapital2022-05-31SC459350core:SharePremium2022-05-31SC459350core:RevaluationReserve2022-05-31SC459350core:OtherReservesSubtotal2022-05-31SC459350core:RetainedEarningsAccumulatedLosses2022-05-31SC459350core:LandBuildings2023-05-31SC459350core:PlantMachinery2023-05-31SC459350core:Vehicles2023-05-31SC459350core:FurnitureFittings2023-05-31SC459350core:OfficeEquipment2023-05-31SC459350core:NetGoodwill2023-05-31SC459350core:IntangibleAssetsOtherThanGoodwill2023-05-31SC459350core:ListedExchangeTraded2023-05-31SC459350core:UnlistedNon-exchangeTraded2023-05-31SC459350core:LandBuildings2022-05-31SC459350core:PlantMachinery2022-05-31SC459350core:Vehicles2022-05-31SC459350core:FurnitureFittings2022-05-31SC459350core:OfficeEquipment2022-05-31SC459350core:NetGoodwill2022-05-31SC459350core:IntangibleAssetsOtherThanGoodwill2022-05-31SC459350core:ListedExchangeTraded2022-05-31SC459350core:UnlistedNon-exchangeTraded2022-05-31SC459350core:LandBuildings2022-06-012023-05-31SC459350core:PlantMachinery2022-06-012023-05-31SC459350core:Vehicles2022-06-012023-05-31SC459350core:FurnitureFittings2022-06-012023-05-31SC459350core:OfficeEquipment2022-06-012023-05-31SC459350core:NetGoodwill2022-06-012023-05-31SC459350core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-31SC459350core:ListedExchangeTraded2022-06-012023-05-31SC459350core:UnlistedNon-exchangeTraded2022-06-012023-05-31SC459350core:MoreThanFiveYears2022-06-012023-05-31SC459350core:Non-currentFinancialInstruments2023-05-31SC459350core:Non-currentFinancialInstruments2022-05-31SC459350dpl:CostSales2022-06-012023-05-31SC459350dpl:DistributionCosts2022-06-012023-05-31SC459350core:LandBuildings2022-06-012023-05-31SC459350core:PlantMachinery2022-06-012023-05-31SC459350core:Vehicles2022-06-012023-05-31SC459350core:FurnitureFittings2022-06-012023-05-31SC459350core:OfficeEquipment2022-06-012023-05-31SC459350dpl:AdministrativeExpenses2022-06-012023-05-31SC459350core:NetGoodwill2022-06-012023-05-31SC459350core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-31SC459350dpl:GroupUndertakings2022-06-012023-05-31SC459350dpl:ParticipatingInterests2022-06-012023-05-31SC459350dpl:GroupUndertakingscore:ListedExchangeTraded2022-06-012023-05-31SC459350core:ListedExchangeTraded2022-06-012023-05-31SC459350dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-06-012023-05-31SC459350core:UnlistedNon-exchangeTraded2022-06-012023-05-31SC459350dpl:CostSales2021-06-012022-05-31SC459350dpl:DistributionCosts2021-06-012022-05-31SC459350core:LandBuildings2021-06-012022-05-31SC459350core:PlantMachinery2021-06-012022-05-31SC459350core:Vehicles2021-06-012022-05-31SC459350core:FurnitureFittings2021-06-012022-05-31SC459350core:OfficeEquipment2021-06-012022-05-31SC459350dpl:AdministrativeExpenses2021-06-012022-05-31SC459350core:NetGoodwill2021-06-012022-05-31SC459350core:IntangibleAssetsOtherThanGoodwill2021-06-012022-05-31SC459350dpl:GroupUndertakings2021-06-012022-05-31SC459350dpl:ParticipatingInterests2021-06-012022-05-31SC459350dpl:GroupUndertakingscore:ListedExchangeTraded2021-06-012022-05-31SC459350core:ListedExchangeTraded2021-06-012022-05-31SC459350dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-06-012022-05-31SC459350core:UnlistedNon-exchangeTraded2021-06-012022-05-31SC459350core:NetGoodwill2023-05-31SC459350core:IntangibleAssetsOtherThanGoodwill2023-05-31SC459350core:LandBuildings2023-05-31SC459350core:PlantMachinery2023-05-31SC459350core:Vehicles2023-05-31SC459350core:FurnitureFittings2023-05-31SC459350core:OfficeEquipment2023-05-31SC459350core:AfterOneYear2023-05-31SC459350core:WithinOneYear2023-05-31SC459350core:ListedExchangeTraded2023-05-31SC459350core:UnlistedNon-exchangeTraded2023-05-31SC459350core:ShareCapital2023-05-31SC459350core:SharePremium2023-05-31SC459350core:RevaluationReserve2023-05-31SC459350core:OtherReservesSubtotal2023-05-31SC459350core:RetainedEarningsAccumulatedLosses2023-05-31SC459350core:NetGoodwill2022-05-31SC459350core:IntangibleAssetsOtherThanGoodwill2022-05-31SC459350core:LandBuildings2022-05-31SC459350core:PlantMachinery2022-05-31SC459350core:Vehicles2022-05-31SC459350core:FurnitureFittings2022-05-31SC459350core:OfficeEquipment2022-05-31SC459350core:AfterOneYear2022-05-31SC459350core:WithinOneYear2022-05-31SC459350core:ListedExchangeTraded2022-05-31SC459350core:UnlistedNon-exchangeTraded2022-05-31SC459350core:ShareCapital2022-05-31SC459350core:SharePremium2022-05-31SC459350core:RevaluationReserve2022-05-31SC459350core:OtherReservesSubtotal2022-05-31SC459350core:RetainedEarningsAccumulatedLosses2022-05-31SC459350core:NetGoodwill2021-06-01SC459350core:IntangibleAssetsOtherThanGoodwill2021-06-01SC459350core:LandBuildings2021-06-01SC459350core:PlantMachinery2021-06-01SC459350core:Vehicles2021-06-01SC459350core:FurnitureFittings2021-06-01SC459350core:OfficeEquipment2021-06-01SC459350core:AfterOneYear2021-06-01SC459350core:WithinOneYear2021-06-01SC459350core:ListedExchangeTraded2021-06-01SC459350core:UnlistedNon-exchangeTraded2021-06-01SC459350core:ShareCapital2021-06-01SC459350core:SharePremium2021-06-01SC459350core:RevaluationReserve2021-06-01SC459350core:OtherReservesSubtotal2021-06-01SC459350core:RetainedEarningsAccumulatedLosses2021-06-01SC459350core:AfterOneYear2022-06-012023-05-31SC459350core:WithinOneYear2022-06-012023-05-31SC459350core:Non-currentFinancialInstrumentscore:CostValuation2022-06-012023-05-31SC459350core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-06-012023-05-31SC459350core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-06-012023-05-31SC459350core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-06-012023-05-31SC459350core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-06-012023-05-31SC459350core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-06-012023-05-31SC459350core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-06-012023-05-31SC459350core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-06-012023-05-31SC459350core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-06-012023-05-31SC459350core:Non-currentFinancialInstrumentscore:CostValuation2023-05-31SC459350core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-05-31SC459350core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-05-31SC459350core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-05-31SC459350core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-05-31SC459350core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-05-31SC459350core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-05-31SC459350core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-05-31SC459350core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-05-31SC459350core:Non-currentFinancialInstrumentscore:CostValuation2022-05-31SC459350core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-05-31SC459350core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-05-31SC459350core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-05-31SC459350core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-05-31SC459350core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-05-31SC459350core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-05-31SC459350core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-05-31SC459350core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-05-31SC459350bus:Director12022-06-012023-05-31SC459350core:FurnitureFittingsToolsEquipment2022-05-31SC459350core:FurnitureFittingsToolsEquipment2022-06-012023-05-31SC459350core:FurnitureFittingsToolsEquipment2023-05-31

GM2 DESIGN LTD

Registered Number
SC459350
(Scotland)

Unaudited Financial Statements for the Year ended
31 May 2023

GM2 DESIGN LTD
Company Information
for the year from 1 June 2022 to 31 May 2023

Director

MACKAY, George Malcolm

Registered Address

8 Bower Court
Thurso
KW14 8JL

Registered Number

SC459350 (Scotland)
GM2 DESIGN LTD
Balance Sheet as at
31 May 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets35,2737,253
5,2737,253
Current assets
Debtors120-
Cash at bank and on hand16,52316,307
16,64316,307
Creditors amounts falling due within one year4(13,100)(11,931)
Net current assets (liabilities)3,5434,376
Total assets less current liabilities8,81611,629
Net assets8,81611,629
Capital and reserves
Called up share capital1010
Profit and loss account8,80611,619
Shareholders' funds8,81611,629
The financial statements were approved and authorised for issue by the Director on 13 February 2024, and are signed on its behalf by:
MACKAY, George Malcolm
Director
Registered Company No. SC459350
GM2 DESIGN LTD
Notes to the Financial Statements
for the year ended 31 May 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
2.Average number of employees

20232022
Average number of employees during the year22
3.Tangible fixed assets

Fixtures & fittings

Office Equipment

Total

£££
Cost or valuation
At 01 June 2212,1614,11616,277
Additions-816816
At 31 May 2312,1614,93217,093
Depreciation and impairment
At 01 June 226,0802,9449,024
Charge for year1,2161,5802,796
At 31 May 237,2964,52411,820
Net book value
At 31 May 234,8654085,273
At 31 May 226,0811,1727,253
4.Creditors: amounts due within one year

2023

2022

££
Amounts owed to related parties66528
Taxation and social security12,43511,903
Total13,10011,931