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Registered number: 09947327

GSM Interiors Limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024

Prepared By:
CES Accountants
105 Green Rock Lane
Walsall
West Midlands
WS3 1NQ

GSM Interiors Limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
DIRECTORS
Mr P Hill
Mr R Smith
SECRETARY
Mr R Smith
REGISTERED OFFICE
7 Canterbury Avenue
Willenhall
England
WV13 1JG
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09947327
ACCOUNTANTS
CES Accountants
105 Green Rock Lane
Walsall
West Midlands
WS3 1NQ

GSM Interiors Limited

ACCOUNTS
FOR THEYEARENDED31/01/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

GSM Interiors Limited

BALANCE SHEET AT 31/01/2024
20242023
Notes££
FIXED ASSETS
Tangible assets336,975-
CURRENT ASSETS
Stock170,14812,875
Debtors5106,390413,354
Cash at bank and in hand61,459130,675
337,997556,904
CREDITORS: Amounts falling due within one year6284,476473,224
NET CURRENT ASSETS53,52183,680
TOTAL ASSETS LESS CURRENT LIABILITIES90,49683,680
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account90,39683,580
SHAREHOLDERS' FUNDS90,49683,680
For the year ending 31/01/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 07/03/2024 and signed on their behalf by
.............................
Mr R Smith
Director
.............................
Mr P Hill
Director

GSM Interiors Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehicles 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20242023
No.No.
Average number of employees77

GSM Interiors Limited

3. TANGIBLE FIXED ASSETS
Commercial
VehiclesTotal
££
Cost
Additions49,30049,300
At 31/01/202449,30049,300
Depreciation
For the year12,32512,325
At 31/01/202412,32512,325
Net Book Amounts
At 31/01/202436,97536,975
4. STOCK 20242023
££
Stock comprises:
Stock4,9235,000
Work in progress165,2257,875
170,14812,875
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors70,090199,181
VAT11,495143,431
PAYE control24,80570,742
106,390413,354

GSM Interiors Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax15,47917,413
Directors current account146,023248,115
Bank Loan - BBL23,72536,284
Loans19,46769,706
Hire purchase18,201-
Trade creditors56,21786,347
Accruals5,36415,359
284,476473,224
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100