1 November 2022 false No description of principal activity Taxfiler 2024.4 12283244business:PrivateLimitedCompanyLtd2022-11-012023-10-31 122832442022-10-31 122832442022-11-012023-10-31 12283244business:AuditExemptWithAccountantsReport2022-11-012023-10-31 12283244business:FilletedAccounts2022-11-012023-10-31 122832442023-10-31 122832442022-10-31 12283244core:WithinOneYear2023-10-31 12283244core:WithinOneYear2022-10-31 12283244core:AfterOneYear2023-10-31 12283244core:AfterOneYear2022-10-31 12283244core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 12283244core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 12283244core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 12283244core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 12283244core:PreviouslyStatedAmount2023-10-31 12283244core:PreviouslyStatedAmount2022-10-31 12283244business:SmallEntities2022-11-012023-10-31 12283244business:Director12022-11-012023-10-31 12283244countries:EnglandWales2022-11-012023-10-31 12283244business:RegisteredOffice2022-11-012023-10-31 12283244core:FurnitureFittings2022-11-012023-10-31 12283244core:ComputerEquipment2022-11-012023-10-31 12283244core:FurnitureFittings2022-10-31 12283244core:ComputerEquipment2022-10-31 12283244core:FurnitureFittings2023-10-31 12283244core:ComputerEquipment2023-10-31 122832442021-11-012022-10-31 iso4217:GBP xbrli:pure
Company Registration No. 12283244 (England and Wales)
GCMINFOTECH LIMITED Unaudited accounts for the year ended 31 October 2023
GCMINFOTECH LIMITED Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
484 
968 
Current assets
Inventories
8,500 
7,949 
Debtors
87 
- 
Cash at bank and in hand
1,583 
1,405 
10,170 
9,354 
Creditors: amounts falling due within one year
(17,425)
(6,737)
Net current (liabilities)/assets
(7,255)
2,617 
Total assets less current liabilities
(6,771)
3,585 
Creditors: amounts falling due after more than one year
- 
(277)
Net (liabilities)/assets
(6,771)
3,308 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
(6,772)
3,307 
Shareholders' funds
(6,771)
3,308 
For the year ending 31 October 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 her 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 30 July 2024 and were signed on its behalf by
RANI BINOY Director Company Registration No. 12283244
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GCMINFOTECH LIMITED Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
GCMINFOTECH LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12283244. The registered office is 282 WALSGRAVE ROAD, COVENTRY, COVENTRY, WEST MIDLANDS, CV2 4BL, 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:
Fixtures & fittings
Straightline method for 5 years.
Computer equipment
Straightlien method for 5 years.
Theft
During January 2023, the company GCMINFOTECH Limited experienced a theft incident at the premises that resulted in significant financial losses as follows: The Total Losses of £37500 detailed as below: Stock Stolen: Inventory valued at £20,500 was stolen. Customer Service Items Stolen: Items specifically held for customer service purposes, valued at £9,500, were stolen. Damages to Shop: The shop sustained damages to the premises and display units computer and CCTV amounting to £7,500. The inventory losses are expensed in other direct cost for £20,500 and sundry expense of £17,000 for Customer Service Items stolen and internal including display units and external damages to the shop. The liability for £17,000 shown in creditors less than one year in other creditors.
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GCMINFOTECH LIMITED Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
1,620 
800 
2,420 
At 31 October 2023
1,620 
800 
2,420 
Depreciation
At 1 November 2022
972 
480 
1,452 
Charge for the year
324 
160 
484 
At 31 October 2023
1,296 
640 
1,936 
Net book value
At 31 October 2023
324 
160 
484 
At 31 October 2022
648 
320 
968 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
87 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
751 
Other creditors
17,425 
425 
Loans from directors
- 
5,561 
17,425 
6,737 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Taxes and social security
- 
277 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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