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REGISTERED NUMBER: 04984183 (England and Wales)















GLM BUILDING CONTRACTORS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023






GLM BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04984183)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

GLM BUILDING CONTRACTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: G Morley
Mrs Y Morley





SECRETARY: Mrs Y Morley





REGISTERED OFFICE: Thongsbridge House
274 Huddersfield Road
Thongsbridge
HOLMFIRTH
West Yorkshire
HD9 2TX





REGISTERED NUMBER: 04984183 (England and Wales)





ACCOUNTANTS: FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL

GLM BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04984183)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 570,666 607,827

CURRENT ASSETS
Debtors 5 - 500

CREDITORS
Amounts falling due within one year 6 157,836 164,266
NET CURRENT LIABILITIES (157,836 ) (163,766 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

412,830

444,061

CREDITORS
Amounts falling due after more than one
year

7

78,069

107,451
NET ASSETS 334,761 336,610

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 334,661 336,510
SHAREHOLDERS' FUNDS 334,761 336,610

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GLM BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04984183)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2024 and were signed on its behalf by:




G Morley - Director



Mrs Y Morley - Director


GLM BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04984183)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

GLM Building Contractors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Revenue 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 - 20% on cost
Fixtures and Fittings - 20% on cost
Motor Vehicles - 25% on cost
Computer Equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 have been enacted or substantively enacted by the year end 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 probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

GLM BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04984183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Freehold Plant and
property Buildings Machinery
£    £    £   
COST
At 1 January 2023
and 31 December 2023 100,000 392,615 62,925
DEPRECIATION
At 1 January 2023 - - 58,804
Charge for year - - 1,981
At 31 December 2023 - - 60,785
NET BOOK VALUE
At 31 December 2023 100,000 392,615 2,140
At 31 December 2022 100,000 392,615 4,121

Fixtures
and Motor Computer
Fittings Vehicles Equipment Totals
£    £    £    £   
COST
At 1 January 2023
and 31 December 2023 429 153,803 9,662 719,434
DEPRECIATION
At 1 January 2023 428 43,129 9,246 111,607
Charge for year - 34,826 354 37,161
At 31 December 2023 428 77,955 9,600 148,768
NET BOOK VALUE
At 31 December 2023 1 75,848 62 570,666
At 31 December 2022 1 110,674 416 607,827

GLM BUILDING CONTRACTORS LIMITED (REGISTERED NUMBER: 04984183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. PROPERTY, PLANT AND EQUIPMENT - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
Vehicles
£   
COST
At 1 January 2023
and 31 December 2023 151,303
DEPRECIATION
At 1 January 2023 41,267
Charge for year 34,201
At 31 December 2023 75,468
NET BOOK VALUE
At 31 December 2023 75,835
At 31 December 2022 110,036

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,994 22,113
Hire purchase contracts 19,382 17,154
Trade creditors 2,000 2,000
Taxation and social security 12,641 8,912
Other creditors 111,819 114,087
157,836 164,266

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 14,167 24,167
Hire purchase contracts 63,902 83,284
78,069 107,451

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

GLM BUILDING CONTRACTORS LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTORS OF
GLM BUILDING CONTRACTORS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on pages two to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






FINLAYSON & CO
Whitby Court
Abbey Road
Shepley
HUDDERSFIELD
West Yorkshire
HD8 8EL


5 June 2024