GMEX IT & MANAGEMENT SERVICES LIMITED

Company Registration Number:
07751885 (England and Wales)

Unaudited statutory accounts for the year ended 30 June 2023

Period of accounts

Start date: 01 July 2022

End date: 30 June 2023

GMEX IT & MANAGEMENT SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 30 June 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

GMEX IT & MANAGEMENT SERVICES LIMITED

Company Information

for the Period Ended 30 June 2023




Director: Gaurav Arora
Registered office: 210
Grosvenor Avenue
Hayes
England
UB4 8NW
Company Registration Number: 07751885 (England and Wales)

GMEX IT & MANAGEMENT SERVICES LIMITED

Directors' Report Period Ended 30 June 2023

The directors present their report with the financial statements of the company for the period ended 30 June 2023

Principal Activities

Computer facilities management activities.

Directors

The directors shown below have held office during the whole of the period from 01 July 2022 to 30 June 2023
Gaurav Arora

This report was approved by the board of directors on 29 March 2024
And Signed On Behalf Of The Board By:

Name: Gaurav Arora
Status: Director

GMEX IT & MANAGEMENT SERVICES LIMITED

Profit and Loss Account

for the Period Ended 30 June 2023


Notes

2023
£

2022
£
Turnover 19,166 12,793
Cost of sales ( 6,329 ) ( 2,380 )
Gross Profit or (Loss) 12,837 13,174
Income from coronavirus (COVID-19) business support grants - 2,761
Distribution Costs ( 1,189 ) ( 1,088 )
Administrative Expenses ( 10,462 ) ( 11,437 )
Operating Profit or (Loss) 1,186 649
Interest Payable and Similar Charges ( 1,028 ) ( 645 )
Profit or (Loss) Before Tax 158 4
Tax on Profit ( 30 ) -
Profit or (Loss) for Period 128 4

The notes form part of these financial statements

GMEX IT & MANAGEMENT SERVICES LIMITED

Balance sheet

As at 30 June 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 5,554 7,921
Total fixed assets: 5,554 7,921
Current assets
Debtors: 5 26,091
Cash at bank and in hand: 8,393 71,748
Total current assets: 34,484 71,748
Creditors: amounts falling due within one year: 6 ( 30 ) ( 36,012 )
Net current assets (liabilities): 34,454 35,736
Total assets less current liabilities: 40,008 43,657
Creditors: amounts falling due after more than one year: 7 ( 28,019 ) ( 31,796 )
Total net assets (liabilities): 11,989 11,861

The notes form part of these financial statements

GMEX IT & MANAGEMENT SERVICES LIMITED

Balance sheet continued

As at 30 June 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 11,889 11,761
Shareholders funds: 11,989 11,861

For the year ending 30 June 2023 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.

This report was approved by the board of directors on 29 March 2024
And Signed On Behalf Of The Board By:

Name: Gaurav Arora
Status: Director

The notes form part of these financial statements

GMEX IT & MANAGEMENT SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts
    and value added taxes. Turnover includes revenue earned from the sale of goods and from the
    rendering of services. 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.

    Tangible fixed assets depreciation policy

    Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative
    impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land,
    at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its
    expected useful life, as follows:

    Equipment, Fixtures & fittings: 25% Reducing balance

    Motor Vehicles: 25% Reducing balance

GMEX IT & MANAGEMENT SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 2

GMEX IT & MANAGEMENT SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

  • 3. Off balance sheet disclosure

    No

GMEX IT & MANAGEMENT SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

4. Tangible assets

Plant & machinery Office equipment Motor vehicles Total
Cost £ £ £ £
At 01 July 2022 1,008 3,247 9,747 14,002
Additions - - - -
Disposals - - - -
Revaluations - - - -
Transfers - - - -
At 30 June 2023 1,008 3,247 9,747 14,002
Depreciation
At 01 July 2022 252 1,952 3,877 6,081
Charge for year 252 648 1,467 2,367
On disposals - - - -
Other adjustments - - - -
At 30 June 2023 504 2,600 5,344 8,448
Net book value
At 30 June 2023 504 647 4,403 5,554
At 30 June 2022 756 1,295 5,870 7,921

GMEX IT & MANAGEMENT SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

5. Debtors


2023
£

2022
£
Other debtors 26,091
Total 26,091

GMEX IT & MANAGEMENT SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Taxation and social security 30 2,291
Other creditors 33,721
Total 30 36,012

GMEX IT & MANAGEMENT SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 30 June 2023

7.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 28,019 31,796
Total 28,019 31,796