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REGISTERED NUMBER: 07233949 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

GRM PROPERTY SERVICES LTD

GRM PROPERTY SERVICES LTD (REGISTERED NUMBER: 07233949)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Balance Sheet 1

Notes to the Financial Statements 2


GRM PROPERTY SERVICES LTD (REGISTERED NUMBER: 07233949)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 40,219 39,286

CURRENT ASSETS
Stocks 109,106 155,737
Debtors 5 344,896 119,598
Cash at bank 416,263 312,406
870,265 587,741
CREDITORS
Amounts falling due within one year 6 185,332 77,277
NET CURRENT ASSETS 684,933 510,464
TOTAL ASSETS LESS CURRENT
LIABILITIES

725,152

549,750

PROVISIONS FOR LIABILITIES 7 10,050 9,820
NET ASSETS 715,102 539,930

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 714,602 539,430
715,102 539,930

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

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 1 October 2024 and were signed by:





Mr G R Morphew - Director


GRM PROPERTY SERVICES LTD (REGISTERED NUMBER: 07233949)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

GRM Property Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07233949

Registered office: 3rd Floor
21 Perrymount Road
Hayward sHeath
RH16 3TP

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover represents the provision of services with income being accrued at the year end.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


GRM PROPERTY SERVICES LTD (REGISTERED NUMBER: 07233949)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


2. ACCOUNTING POLICIES - continued
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 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 10,038 3,190 44,708 6,139 64,075
Additions 2,054 - 9,495 1,386 12,935
At 30 April 2024 12,092 3,190 54,203 7,525 77,010
DEPRECIATION
At 1 May 2023 8,400 1,908 10,425 4,056 24,789
Charge for year 565 320 10,549 568 12,002
At 30 April 2024 8,965 2,228 20,974 4,624 36,791
NET BOOK VALUE
At 30 April 2024 3,127 962 33,229 2,901 40,219
At 30 April 2023 1,638 1,282 34,283 2,083 39,286

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 309,307 82,838
Other debtors 35,589 36,760
344,896 119,598

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 66,203 54,799
Taxation and social security 110,678 17,129
Other creditors 8,451 5,349
185,332 77,277

GRM PROPERTY SERVICES LTD (REGISTERED NUMBER: 07233949)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 10,050 9,820

Deferred
tax
£   
Balance at 1 May 2023 9,820
Provided during year 230
Balance at 30 April 2024 10,050