2022-04-012023-03-312023-03-31false06143842GMT MANAGEMENT SERVICES 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GMT MANAGEMENT SERVICES LIMITED

Registered Number
06143842
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

GMT MANAGEMENT SERVICES LIMITED
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

JUX, John Thomas
JUX, Linda Jean

Company Secretary

JUX, Linda Jean

Registered Address

10 Blackmore Way
Wheathampstead
St. Albans
AL4 8LJ

Registered Number

06143842 (England and Wales)
GMT MANAGEMENT SERVICES LIMITED
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets5318583
Investment property6-1
318584
Current assets
Debtors8-28,432
Current asset investments300300
Cash at bank and on hand12,45237,085
12,75265,817
Creditors amounts falling due within one year9(13,515)(63,769)
Net current assets (liabilities)(763)2,048
Total assets less current liabilities(445)2,632
Net assets(445)2,632
Capital and reserves
Called up share capital2020
Profit and loss account(465)2,612
Shareholders' funds(445)2,632
The financial statements were approved and authorised for issue by the Board of Directors on 11 March 2024, and are signed on its behalf by:
JUX, Linda Jean
Director
Registered Company No. 06143842
GMT MANAGEMENT SERVICES LIMITED
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery4
Investment property policy
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
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.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
Going concern
Having due regard to cash flow forecasts, the director considers that based on their continued support, it is appropriate to prepare the accounts on a going concern basis.
4.Employee information

20232022
Average number of employees during the year33
5.Property, plant and equipment

Plant & machinery

Total

££
Cost or valuation
At 01 April 224,6754,675
At 31 March 234,6754,675
Depreciation and impairment
At 01 April 224,0924,092
Charge for year265265
At 31 March 234,3574,357
Net book value
At 31 March 23318318
At 31 March 22583583
6.Investment property

£
Fair value at 01 April 221
Disposals(1)
At 31 March 23-
7.Description of nature of transactions and balances with related parties
During the year, the company made sales of £28,185 (2022 – £20,903) to Linda Jux and John Jux who are both directors.
8.Debtors

2023

2022

££
Trade debtors / trade receivables-28,432
Total-28,432
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2023

2022

££
Trade creditors / trade payables-1
Taxation and social security2,58111,698
Other creditors10,93452,070
Total13,51563,769
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.