Company Registration No. 06642235 (England and Wales)
G & M Direct Hire Ltd
Unauditted Accounts
for the year ended 31 March 2024
G & M Direct Hire Ltd
Unauditted Accounts
Contents
G & M Direct Hire Ltd
Company Information
for the year ended 31 March 2024
Director
ESMAILZADEH, Ghaffar
Secretary
ESMAILZADEH, Maryam
Company Number
06642235 (England and Wales)
Registered Office
Unit 13 Sovereign Park
Coronation Road
Park Royal
London
NW10 7QP
England
Accountants
KPK Accountants LImited
79
College Road
Harrow
HA1 1BD
G & M Direct Hire Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
7,938,450
7,665,489
Debtors
1,661,495
1,539,834
Cash at bank and in hand
57,312
1,356
Creditors: amounts falling due within one year
(1,807,617)
(1,463,375)
Net current (liabilities)/assets
(88,810)
77,815
Total assets less current liabilities
7,849,640
7,743,304
Creditors: amounts falling due after more than one year
(7,036,316)
(7,022,196)
Net assets
813,324
721,108
Called up share capital
100
100
Profit and loss account
813,224
721,008
Shareholders' funds
813,324
721,108
For the year ending 31 March 2024 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 his 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 16 August 2024 and were signed on its behalf by
ESMAILZADEH, Ghaffar
Director
Company Registration No. 06642235
G & M Direct Hire Ltd
Notes to the Accounts
for the year ended 31 March 2024
G & M Direct Hire Ltd is a private company, limited by shares, registered in England and Wales, registration number 06642235. The registered office is Unit 13 Sovereign Park, Coronation Road, Park Royal, London, NW10 7QP, England.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
1,020,000
-
10,142,707
-
11,162,707
Additions
-
12,736
1,864,254
10,099
1,887,089
Disposals
-
-
(172,586)
-
(172,586)
At 31 March 2024
1,020,000
12,736
11,834,375
10,099
12,877,210
At 1 April 2023
-
-
3,497,218
-
3,497,218
Charge for the year
-
12,736
1,518,686
10,099
1,541,521
On disposals
-
-
(99,979)
-
(99,979)
At 31 March 2024
-
12,736
4,915,925
10,099
4,938,760
At 31 March 2024
1,020,000
-
6,918,450
-
7,938,450
At 31 March 2023
1,020,000
-
6,645,489
-
7,665,489
G & M Direct Hire Ltd
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
53,117
396,832
Accrued income and prepayments
-
9,864
Amounts falling due after more than one year
Accrued income and prepayments
798,338
370,876
Other debtors
157,546
61,383
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Creditors: amounts falling due within one year
2024
2023
Obligations under finance leases and hire purchase contracts
1,398,887
1,316,849
Taxes and social security
133,168
57,982
Proposed dividends
64,000
32,000
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
5,595,548
5,267,395
Other creditors
846,892
1,155,388
Loans from directors
496,340
425,645
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Average number of employees
During the year the average number of employees was 8 (2023: 8).