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REGISTERED NUMBER: 08325515 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

G.M.C Plumbing and Heating Services Ltd

G.M.C Plumbing and Heating Services Ltd (Registered number: 08325515)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G.M.C Plumbing and Heating Services Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTOR: G Conroy





REGISTERED OFFICE: 27 St Aidans Crescent
Morpeth
Northumberland
NE61 2UP





REGISTERED NUMBER: 08325515 (England and Wales)





ACCOUNTANTS: Essell Accountants Limited
29 Howard Street
North Shields
Tyne and Wear
NE30 1AR

G.M.C Plumbing and Heating Services Ltd (Registered number: 08325515)

Balance Sheet
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 726 855

CURRENT ASSETS
Debtors 5 2,400 4,060
Cash at bank and in hand 7,931 6,472
10,331 10,532
CREDITORS
Amounts falling due within one year 6 10,935 722
NET CURRENT (LIABILITIES)/ASSETS (604 ) 9,810
TOTAL ASSETS LESS CURRENT
LIABILITIES

122

10,665

CREDITORS
Amounts falling due after more than one
year

7

-

10,500
NET ASSETS 122 165

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22 65
SHAREHOLDERS' FUNDS 122 165

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 director acknowledges his 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.

G.M.C Plumbing and Heating Services Ltd (Registered number: 08325515)

Balance Sheet - 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 director and authorised for issue on 13 September 2024 and were signed by:





G Conroy - Director


G.M.C Plumbing and Heating Services Ltd (Registered number: 08325515)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

G.M.C Plumbing and Heating Services Ltd 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.

Turnover
Turnover 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.
Plant and machinery etc - 15% on reducing balance

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

G.M.C Plumbing and Heating Services Ltd (Registered number: 08325515)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 4,381
DEPRECIATION
At 1 January 2023 3,526
Charge for year 129
At 31 December 2023 3,655
NET BOOK VALUE
At 31 December 2023 726
At 31 December 2022 855

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 2,400 2,000
Other debtors - 2,060
2,400 4,060

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 46 -
Taxation and social security 590 -
Other creditors 10,299 722
10,935 722

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Other creditors - 10,500