1 April 2023 false No description of principal activity Taxfiler 2024.5 06642235business:PrivateLimitedCompanyLtd2023-04-012024-03-31 066422352023-03-31 066422352023-04-012024-03-31 06642235business:AuditExemptWithAccountantsReport2023-04-012024-03-31 06642235business:FilletedAccounts2023-04-012024-03-31 066422352024-03-31 06642235business:Director22023-04-012024-03-31 06642235business:CompanySecretary12023-04-012024-03-31 06642235business:RegisteredOffice2023-04-012024-03-31 066422352023-03-31 06642235core:WithinOneYear2024-03-31 06642235core:WithinOneYear2023-03-31 06642235core:AfterOneYear2024-03-31 06642235core:AfterOneYear2023-03-31 06642235core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 06642235core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 06642235core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 06642235core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 06642235core:PreviouslyStatedAmount2024-03-31 06642235core:PreviouslyStatedAmount2023-03-31 06642235business:SmallEntities2023-04-012024-03-31 06642235countries:EnglandWales2023-04-012024-03-31 06642235core:PlantMachinery2023-04-012024-03-31 06642235core:LandBuildings2023-03-31 06642235core:PlantMachinery2023-03-31 06642235core:MotorVehicles2023-03-31 06642235core:ComputerEquipment2023-03-31 06642235core:LandBuildings2023-04-012024-03-31 06642235core:MotorVehicles2023-04-012024-03-31 06642235core:ComputerEquipment2023-04-012024-03-31 06642235core:LandBuildings2024-03-31 06642235core:PlantMachinery2024-03-31 06642235core:MotorVehicles2024-03-31 06642235core:ComputerEquipment2024-03-31 066422352022-04-012023-03-31 iso4217:GBP xbrli:pure
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
Page
- 2 -
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
- 3 -
G & M Direct Hire Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,938,450 
7,665,489 
Current assets
Debtors
1,661,495 
1,539,834 
Cash at bank and in hand
57,312 
1,356 
1,718,807 
1,541,190 
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 
Capital and reserves
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
- 4 -
G & M Direct Hire Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
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.
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:
Plant & machinery
18% WDA
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 
Depreciation
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 
Net book value
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 
- 5 -
G & M Direct Hire Ltd Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
652,494 
695,879 
Trade debtors
53,117 
396,832 
Accrued income and prepayments
- 
9,864 
Other debtors
- 
5,000 
705,611 
1,107,575 
Amounts falling due after more than one year
Accrued income and prepayments
798,338 
370,876 
Other debtors
157,546 
61,383 
955,884 
432,259 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,033 
56,544 
Obligations under finance leases and hire purchase contracts
1,398,887 
1,316,849 
Trade creditors
207,529 
- 
Taxes and social security
133,168 
57,982 
Proposed dividends
64,000 
32,000 
1,807,617 
1,463,375 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
97,536 
173,768 
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 
7,036,316 
7,022,196 
8
Average number of employees
During the year the average number of employees was 8 (2023: 8).
- 6 -