Company registration number: 03072650
Unaudited financial statements
for the year ended 31 October 2023
for
GAMA Services Limited
Pages for filing with the Registrar
Company registration number: 03072650
GAMA Services Limited
Balance sheet
as at 31 October 2023
2023 2022
Note £ £ £ £
Fixed assets
Tangible assets 4 5 5
Investments 5 195,810 137,382
Investment property 6 380,000 380,000
575,815 517,387
Current assets
Debtors 17,925 6,716
Cash at bank and in hand 3,003 12,650
20,928 19,366
Creditors: amounts falling due within
one year
(208,318) (85,620)
Net current liabilities (187,390) (66,254)
Total assets less current liabilities 388,425 451,133
Provisions for liabilities (8,513) 3,493
NET ASSETS 379,912 454,626
Capital and reserves
Called up share capital 950 950
Other reserves 50 50
Profit and loss account 378,912 453,626
TOTAL EQUITY 379,912 454,626
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 October 2023.
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 to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 03072650
GAMA Services Limited
Balance sheet - continued
as at 31 October 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 29 April 2024 and signed on its behalf by:
Mrs A Griggs, Director
29 April 2024
2
GAMA Services Limited
Notes to the financial statements
for the year ended 31 October 2023
1 Company information
The company is registered in England and Wales. Its registered number is 03072650. The company is limited by shares. Its registered office is 5 Heatherton Park, Amersham, Buckinghamshire, HP6 5RB.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 20% straight line
Computer equipment - 33% straight line
Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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.
3
GAMA Services Limited
Notes to the financial statements - continued
for the year ended 31 October 2023
2 Accounting policies - continued
Deferred taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 2 (2022 - 2).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 November 2022 5,993
At 31 October 2023 5,993
Depreciation
At 1 November 2022 5,988
At 31 October 2023 5,988
Net book value
At 31 October 2023 5
At 31 October 2022 5
4
GAMA Services Limited
Notes to the financial statements - continued
for the year ended 31 October 2023
5 Fixed asset investments
Investments other than loans
Other

investments
other than lo
£
Cost
At 1 November 2022 137,382
Additions 58,428
At 31 October 2023 195,810
Net book value
At 31 October 2023 195,810
At 31 October 2022 137,382
6 Investment property
£
Valuation
At 1 November 2022 380,000
Additions -
Impairments -
At 31 October 2023 380,000
5