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REGISTERED NUMBER: 06573208 (England and Wales)










GI MOTORS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024






GI MOTORS LIMITED (BY SHARES) (REGISTERED NUMBER: 06573208)






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




Page

Company Information 1

Income Statement 2

Balance Sheet 3


GI MOTORS LIMITED (BY SHARES)

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: S B Williams
Mrs J G Williams
M K Sumner
D L Sumner





SECRETARY: Mrs J G Williams





REGISTERED OFFICE: Arlington Way
Sundorne Retail Park
Shrewsbury
Shropshire
SY1 4YA





REGISTERED NUMBER: 06573208 (England and Wales)





ACCOUNTANTS: Harvey Telford & Bates Chartered Accountants
10 Park Plaza
Battlefield Enterprise Park
Shrewsbury
Shropshire
SY1 3AF

GI MOTORS LIMITED (BY SHARES) (REGISTERED NUMBER: 06573208)

INCOME STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024

2024 2023
£    £   

TURNOVER 547,451 519,136

Other income - 30

Cost of raw materials and consumables (274,579 ) (242,206 )

Staff costs (183,804 ) (169,676 )

Depreciation and other amounts written off assets (1,864 ) (2,318 )

Other charges (85,920 ) (82,060 )

Taxation - -

PROFIT 1,284 22,906

GI MOTORS LIMITED (BY SHARES) (REGISTERED NUMBER: 06573208)

BALANCE SHEET
30 APRIL 2024

2024 2023
£    £    £    £   
FIXED ASSETS 8,563 10,427

CURRENT ASSETS 45,382 28,744

CREDITORS
Amounts falling due within one year (67,770 ) (46,280 )
NET CURRENT LIABILITIES (22,388 ) (17,536 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(13,825

)

(7,109

)

CREDITORS
Amounts falling due after more than
one year

8,667

16,667
NET LIABILITIES (22,492 ) (23,776 )

CAPITAL AND RESERVES (22,492 ) (23,776 )

NOTES TO THE FINANCIAL STATEMENTS

1. AVERAGE NUMBER OF EMPLOYEES

The average number of employees during the year was 6 (2023 - 6 ) .

2. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
S B Williams
Balance outstanding at start of year 1,712 (545 )
Amounts advanced 2,658 2,257
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,370 1,712



GI MOTORS LIMITED (BY SHARES) (REGISTERED NUMBER: 06573208)

BALANCE SHEET - continued
30 APRIL 2024


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 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.

The financial statements have been prepared in accordance with the micro-entity provisions.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2024 and were signed on its behalf by:





Mrs J G Williams - Director