GSM FINANCE LIMITED

Company Registration Number:
03459806 (England and Wales)

Unaudited abridged accounts for the year ended 30 November 2023

Period of accounts

Start date: 01 December 2022

End date: 30 November 2023

GSM FINANCE LIMITED

Contents of the Financial Statements

for the Period Ended 30 November 2023

Balance sheet
Notes

GSM FINANCE LIMITED

Balance sheet

As at 30 November 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 495,313 487,813
Total fixed assets: 495,313 487,813
Current assets
Debtors:   287,124 351,870
Cash at bank and in hand: 322,750 457,394
Total current assets: 609,874 809,264
Creditors: amounts falling due within one year:   (219,434) (317,807)
Net current assets (liabilities): 390,440 491,457
Total assets less current liabilities: 885,753 979,270
Creditors: amounts falling due after more than one year: 4 (56,910) (122,890)
Total net assets (liabilities): 828,843 856,380
Capital and reserves
Called up share capital: 800 800
Profit and loss account: 828,043 855,580
Shareholders funds: 828,843 856,380

The notes form part of these financial statements

GSM FINANCE LIMITED

Balance sheet statements

For the year ending 30 November 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 31 July 2024
and signed on behalf of the board by:

Name: G T Symmons
Status: Director

The notes form part of these financial statements

GSM FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

1. Accounting policies

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

GSM FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

2. Employees

2023 2022
Average number of employees during the period 9 9

GSM FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible Assets

Total
Cost £
At 01 December 2022 660,543
Additions 36,628
At 30 November 2023 697,171
Depreciation
At 01 December 2022 172,730
Charge for year 29,128
At 30 November 2023 201,858
Net book value
At 30 November 2023 495,313
At 30 November 2022 487,813

GSM FINANCE LIMITED

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Creditors: amounts falling due after more than one year note

Secured loans and repayable by instalments - Bank Loans £17,732 (2022: £32,676). Amount falling due in more than 5 years - £Nil (2022: £Nil)