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REGISTERED NUMBER: 12083377 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31st July 2024

for

G Mech (Midlands) Limited

G Mech (Midlands) Limited (Registered number: 12083377)






Contents of the Financial Statements
for the Year Ended 31st July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G Mech (Midlands) Limited

Company Information
for the Year Ended 31st July 2024







DIRECTORS: Miss S Gregory
M Gregory
B R Gregory





REGISTERED OFFICE: Unit 2 Tannery Road
Giltbrook Industrial Park
Giltbrook
Nottinghamshire
NG16 2WP





REGISTERED NUMBER: 12083377 (England and Wales)





ACCOUNTANTS: Mabe Allen LLP
3 Derby Road
Ripley
Derbyshire
DE5 3EA

G Mech (Midlands) Limited (Registered number: 12083377)

Balance Sheet
31st July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,918 4,331

CURRENT ASSETS
Debtors 5 597,677 484,453
Cash at bank and in hand 277,310 168,412
874,987 652,865
CREDITORS
Amounts falling due within one year 6 415,240 270,534
NET CURRENT ASSETS 459,747 382,331
TOTAL ASSETS LESS CURRENT
LIABILITIES

463,665

386,662

PROVISIONS FOR LIABILITIES 1,083 1,083
NET ASSETS 462,582 385,579

CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 462,282 385,279
SHAREHOLDERS' FUNDS 462,582 385,579

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

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

G Mech (Midlands) Limited (Registered number: 12083377)

Balance Sheet - continued
31st July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th September 2024 and were signed on its behalf by:




M Gregory - Director Miss S Gregory - Director




B R Gregory - Director


G Mech (Midlands) Limited (Registered number: 12083377)

Notes to the Financial Statements
for the Year Ended 31st July 2024

1. STATUTORY INFORMATION

G Mech (Midlands) 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 - 33% on reducing balance and 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.

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.

G Mech (Midlands) Limited (Registered number: 12083377)

Notes to the Financial Statements - continued
for the Year Ended 31st July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2023 10,830
Additions 1,166
At 31st July 2024 11,996
DEPRECIATION
At 1st August 2023 6,499
Charge for year 1,579
At 31st July 2024 8,078
NET BOOK VALUE
At 31st July 2024 3,918
At 31st July 2023 4,331

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 463,811 443,650
Other debtors 133,866 40,803
597,677 484,453

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 321,753 184,658
Taxation and social security 82,159 66,627
Other creditors 11,328 19,249
415,240 270,534