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Company Registration No. 13982361 (England and Wales)
GMA Grouping Ltd Unaudited accounts for the year ended 31 March 2024
GMA Grouping Ltd Unaudited accounts Contents
Page
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GMA Grouping Ltd Company Information for the year ended 31 March 2024
Directors
T Batt G Altirs G Altirs
Company Number
13982361 (England and Wales)
Registered Office
Eden Point Three Acres Lane Cheadle Hulme Cheadle Greater Manchester SK8 6RL United Kingdom
Accountants
Deciphr Ltd Unit 11 Holts Court Threshers Bush Harlow Essex CM17 0NS
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GMA Grouping Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
230,346 
265,958 
Current assets
Inventories
39,626 
40,314 
Debtors
706,535 
833,050 
Cash at bank and in hand
58,281 
22,926 
804,442 
896,290 
Creditors: amounts falling due within one year
(1,117,730)
(917,094)
Net current liabilities
(313,288)
(20,804)
Net (liabilities)/assets
(82,942)
245,154 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(83,042)
245,054 
Shareholders' funds
(82,942)
245,154 
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 directors acknowledge their 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 of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by
G Altirs Director Company Registration No. 13982361
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GMA Grouping Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
GMA Grouping Ltd is a private company, limited by shares, registered in England and Wales, registration number 13982361. The registered office is Eden Point Three Acres Lane, Cheadle Hulme, Cheadle, Greater Manchester, SK8 6RL, United Kingdom.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Land & buildings
10 years straight line
Plant & machinery
25% reducing balance
Fixtures & fittings
3 years straight line
Computer equipment
3 years straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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GMA Grouping Ltd Notes to the Accounts for the year ended 31 March 2024
Going concern
The balance sheet at the end of the year recorded net liabilities. However, the directors believe that sufficient financial resources are available to the company to enable it to continue trading into the foreseeable future. Therefore, the financial statements have been prepared on a going concern basis.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
274,885 
6,180 
15,384 
5,507 
301,956 
At 31 March 2024
274,885 
6,180 
15,384 
5,507 
301,956 
Depreciation
At 1 April 2023
27,489 
1,545 
5,128 
1,836 
35,998 
Charge for the year
27,489 
1,159 
5,128 
1,836 
35,612 
At 31 March 2024
54,978 
2,704 
10,256 
3,672 
71,610 
Net book value
At 31 March 2024
219,907 
3,476 
5,128 
1,835 
230,346 
At 31 March 2023
247,396 
4,635 
10,256 
3,671 
265,958 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
23,795 
20,397 
Trade debtors
431,809 
6,530 
Accrued income and prepayments
118,998 
673,776 
Other debtors
131,933 
132,347 
706,535 
833,050 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
356,840 
89,576 
Taxes and social security
46,419 
49,826 
Other creditors
714,471 
733,865 
Accruals
- 
43,827 
1,117,730 
917,094 
7
Average number of employees
During the year the average number of employees was 25 (2023: 9).
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