1 August 2022 false No description of principal activity Taxfiler 2024.1 12724810business:PrivateLimitedCompanyLtd2022-08-012023-07-31 127248102022-07-31 127248102022-08-012023-07-31 12724810business:AuditExempt-NoAccountantsReport2022-08-012023-07-31 12724810business:FilletedAccounts2022-08-012023-07-31 127248102023-07-31 12724810business:Director12022-08-012023-07-31 12724810business:RegisteredOffice2022-08-012023-07-31 127248102022-07-31 12724810core:WithinOneYear2023-07-31 12724810core:WithinOneYear2022-07-31 12724810core:AfterOneYear2023-07-31 12724810core:AfterOneYear2022-07-31 12724810core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 12724810core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 12724810core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 12724810core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 12724810core:PreviouslyStatedAmount2023-07-31 12724810core:PreviouslyStatedAmount2022-07-31 12724810business:SmallEntities2022-08-012023-07-31 12724810countries:EnglandWales2022-08-012023-07-31 12724810core:MotorVehicles2022-08-012023-07-31 12724810core:MotorVehicles2022-07-31 12724810core:MotorVehicles2023-07-31 127248102021-08-012022-07-31 iso4217:GBP xbrli:pure
Company Registration No. 12724810 (England and Wales)
GMG CONSTRUCTION LTD Unaudited accounts for the year ended 31 July 2023
GMG CONSTRUCTION LTD Unaudited accounts Contents
Page
- 2 -
GMG CONSTRUCTION LTD Company Information for the year ended 31 July 2023
Director
GEZIM GRABANICA
Company Number
12724810 (England and Wales)
Registered Office
90 SPENCER RISE LONDON NW5 1AP UNITED KINGDOM
- 3 -
GMG CONSTRUCTION LTD Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,875 
5,750 
Current assets
Debtors
454 
2,712 
Cash at bank and in hand
48,444 
40,561 
48,898 
43,273 
Creditors: amounts falling due within one year
(6,620)
(9,477)
Net current assets
42,278 
33,796 
Total assets less current liabilities
45,153 
39,546 
Creditors: amounts falling due after more than one year
(5,836)
(3,575)
Net assets
39,317 
35,971 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
39,217 
35,871 
Shareholders' funds
39,317 
35,971 
For the year ending 31 July 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 March 2024 and were signed on its behalf by
GEZIM GRABANICA Director Company Registration No. 12724810
- 4 -
GMG CONSTRUCTION LTD Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
GMG CONSTRUCTION LTD is a private company, limited by shares, registered in England and Wales, registration number 12724810. The registered office is 90 SPENCER RISE, LONDON, NW5 1AP, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Straight line
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 August 2022
11,500 
At 31 July 2023
11,500 
Depreciation
At 1 August 2022
5,750 
Charge for the year
2,875 
At 31 July 2023
8,625 
Net book value
At 31 July 2023
2,875 
At 31 July 2022
5,750 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
454 
- 
Other debtors
- 
2,712 
454 
2,712 
- 5 -
GMG CONSTRUCTION LTD Notes to the Accounts for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
- 
6,803 
Taxes and social security
6,620 
2,674 
6,620 
9,477 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Obligations under finance leases and hire purchase contracts
3,575 
3,575 
Other creditors
2,261 
- 
5,836 
3,575 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 6 -