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REGISTERED NUMBER: 07095803 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

GKM Builders Limited

GKM Builders Limited (Registered number: 07095803)






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

Report of the Accountant 6

GKM Builders Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: G Morris
K Morris





SECRETARY: G Morris





REGISTERED OFFICE: 14 Ravensbury Avenue
Morden
Surrey
SM4 6ET





REGISTERED NUMBER: 07095803 (England and Wales)





ACCOUNTANT: Bala Ltd
Chartered Certified
Accountants
14 Ravensbury Avenue
Morden
Surrey
SM4 6ET

GKM Builders Limited (Registered number: 07095803)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 52,357 3,576

CURRENT ASSETS
Debtors 5 162,015 371,035
Cash at bank 17,144 45,116
179,159 416,151
CREDITORS
Amounts falling due within one year 6 44,460 224,113
NET CURRENT ASSETS 134,699 192,038
TOTAL ASSETS LESS CURRENT
LIABILITIES

187,056

195,614

CREDITORS
Amounts falling due after more than one year 7 24,951 34,841
NET ASSETS 162,105 160,773

CAPITAL AND RESERVES
Called up share capital 400 400
Retained earnings 161,705 160,373
SHAREHOLDERS' FUNDS 162,105 160,773

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.

GKM Builders Limited (Registered number: 07095803)

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 Board of Directors and authorised for issue on 17 September 2024 and were signed on its behalf by:





G Morris - Director


GKM Builders Limited (Registered number: 07095803)

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

1. STATUTORY INFORMATION

GKM Builders 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.

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 - 25% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

GKM Builders Limited (Registered number: 07095803)

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 38,101
Additions 64,926
Disposals (3,046 )
At 31 December 2023 99,981
DEPRECIATION
At 1 January 2023 34,525
Charge for year 15,691
Eliminated on disposal (2,592 )
At 31 December 2023 47,624
NET BOOK VALUE
At 31 December 2023 52,357
At 31 December 2022 3,576

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 24,766 -
Amounts owed by participating interests 137,249 371,035
162,015 371,035

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 416 -
Trade creditors 16,472 23,422
Taxation and social security 14,266 89,750
Other creditors 13,306 110,941
44,460 224,113

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 24,951 34,841

GKM Builders Limited

Report of the Accountant to the Directors of
GKM Builders 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 Balance Sheet. 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 Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I 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 me.






Bala Ltd
Chartered Certified
Accountants
14 Ravensbury Avenue
Morden
Surrey
SM4 6ET


Date: .............................................