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REGISTERED NUMBER: SC449613 (Scotland)












Unaudited Financial Statements

for the Year Ended 31 May 2024

for

GMH (Highland) Limited

GMH (Highland) Limited (Registered number: SC449613)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


GMH (Highland) Limited

Company Information
for the year ended 31 May 2024







DIRECTOR: G Havercroft





SECRETARY: Mrs M C Havercroft





REGISTERED OFFICE: C/o Munro Noble
26 Church Street
Inverness
IV1 1HX





REGISTERED NUMBER: SC449613 (Scotland)

GMH (Highland) Limited (Registered number: SC449613)

Statement of Financial Position
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 367 588
367 588

CURRENT ASSETS
Debtors 7 2,153 210
Cash at bank 11,432 7,529
13,585 7,739
CREDITORS
Amounts falling due within one year 8 (7,097 ) (7,590 )
NET CURRENT ASSETS 6,488 149
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,855

737

PROVISIONS FOR LIABILITIES 10 (70 ) (112 )
NET ASSETS 6,785 625

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 6,685 525
6,785 625

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

GMH (Highland) Limited (Registered number: SC449613)

Statement of Financial Position - continued
31 May 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 October 2024 and were signed by:





G Havercroft - Director


GMH (Highland) Limited (Registered number: SC449613)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

GMH (Highland) Limited is a private company limited by shares and is incorporated in Scotland. The address of the registered office is Munro House, 26 Church Street, Inverness, IV1 1HX. The registered number can be found on the Company Information page.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The principal accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director.

The director considers it appropriate to prepare the financial statements on the going concern basis.

Turnover
Revenue is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered (including recharged expenses), stated net of discounts and of Value Added Tax.

Income is recognised when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost


GMH (Highland) Limited (Registered number: SC449613)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

3. ACCOUNTING POLICIES - continued
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 15,000
AMORTISATION
At 1 June 2023
and 31 May 2024 15,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

GMH (Highland) Limited (Registered number: SC449613)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

6. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2023 5,941
Additions 110
At 31 May 2024 6,051
DEPRECIATION
At 1 June 2023 5,353
Charge for year 331
At 31 May 2024 5,684
NET BOOK VALUE
At 31 May 2024 367
At 31 May 2023 588

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,093 210
Other debtors 1,060 -
2,153 210

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,244 311
Taxation and social security 3,633 1,402
Other creditors 2,220 5,877
7,097 7,590

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year - 215

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 70 112

GMH (Highland) Limited (Registered number: SC449613)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 June 2023 112
Provided during year (42 )
Balance at 31 May 2024 70