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REGISTERED NUMBER: 10853137 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

GME Electrical Ltd

GME Electrical Ltd (Registered number: 10853137)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GME Electrical Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: J P Humphries





REGISTERED OFFICE: c/o ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB





REGISTERED NUMBER: 10853137 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

GME Electrical Ltd (Registered number: 10853137)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,830 7,287

CURRENT ASSETS
Debtors 5 4,128 5,711
Cash at bank 8,380 4,488
12,508 10,199
CREDITORS
Amounts falling due within one year 6 13,808 7,517
NET CURRENT (LIABILITIES)/ASSETS (1,300 ) 2,682
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,530

9,969

CREDITORS
Amounts falling due after more than one
year

7

9,345

12,416
NET LIABILITIES (4,815 ) (2,447 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (4,915 ) (2,547 )
SHAREHOLDERS' FUNDS (4,815 ) (2,447 )

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

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

GME Electrical Ltd (Registered number: 10853137)

Balance Sheet - continued
31 July 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 19 January 2024 and were signed by:





J P Humphries - Director


GME Electrical Ltd (Registered number: 10853137)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

GME Electrical 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

GME Electrical Ltd (Registered number: 10853137)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2022
and 31 July 2023 10,225 5,550 666 16,441
DEPRECIATION
At 1 August 2022 4,990 3,498 666 9,154
Charge for year 1,047 410 - 1,457
At 31 July 2023 6,037 3,908 666 10,611
NET BOOK VALUE
At 31 July 2023 4,188 1,642 - 5,830
At 31 July 2022 5,235 2,052 - 7,287

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Directors' current accounts - 5,711
Tax 4,128 -
4,128 5,711

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Tax - 7,157
Directors' current accounts 13,448 -
Accrued expenses 360 360
13,808 7,517

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans - 1-2 years 9,345 12,416

8. ULTIMATE CONTROLLING PARTY

The company is controlled by its director. At the period end the company owed the director £13,448 (2022 the director owed the company £5,711)