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REGISTERED NUMBER: 09823183 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

GMM UTILITIES LIMITED

GMM UTILITIES LIMITED (REGISTERED NUMBER: 09823183)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GMM UTILITIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: G M Manterfield





REGISTERED OFFICE: 36-40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL





REGISTERED NUMBER: 09823183 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

GMM UTILITIES LIMITED (REGISTERED NUMBER: 09823183)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,841 21,494

CURRENT ASSETS
Debtors 5 446,290 313,002
Cash at bank and in hand 23,851 100
470,141 313,102
CREDITORS
Amounts falling due within one year 6 1,149,585 1,273,022
NET CURRENT LIABILITIES (679,444 ) (959,920 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(662,603

)

(938,426

)

CREDITORS
Amounts falling due after more than one
year

7

15,017

25,147
NET LIABILITIES (677,620 ) (963,573 )

CAPITAL AND RESERVES
Called up share capital 9 102 102
Retained earnings (677,722 ) (963,675 )
SHAREHOLDERS' FUNDS (677,620 ) (963,573 )

GMM UTILITIES LIMITED (REGISTERED NUMBER: 09823183)

BALANCE SHEET - continued
31ST MARCH 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 Profit & Loss account and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12th November 2024 and were signed by:





G M Manterfield - Director


GMM UTILITIES LIMITED (REGISTERED NUMBER: 09823183)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

GMM Utilities 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.

With the continued support of directors,creditors and HMRC the director believes over time the insolvent position of the company can be reversed by future profitability and therefore the accounts have been prepared on a going concern basis.

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 - 10% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss account and Retained Earnings, 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 2 (2023 - 2 ) .

GMM UTILITIES LIMITED (REGISTERED NUMBER: 09823183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st April 2023 14,541 1,430 20,500 3,182 39,653
Additions - 1,000 - 382 1,382
Disposals (4,068 ) - - (1,373 ) (5,441 )
At 31st March 2024 10,473 2,430 20,500 2,191 35,594
DEPRECIATION
At 1st April 2023 3,858 272 12,383 1,646 18,159
Charge for year 801 141 1,623 664 3,229
Eliminated on disposal (1,391 ) - - (1,244 ) (2,635 )
At 31st March 2024 3,268 413 14,006 1,066 18,753
NET BOOK VALUE
At 31st March 2024 7,205 2,017 6,494 1,125 16,841
At 31st March 2023 10,683 1,158 8,117 1,536 21,494

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 314,116 183,853
Other debtors 4,000 11,000
Retentions 125,000 116,344
Prepayments 3,174 1,805
446,290 313,002

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 10,000 36,836
Trade creditors 419,785 251,997
Tax 578 -
Social security and other taxes 244,995 386,553
VAT 204,661 365,975
Directors' current accounts 132,528 99,329
Accrued expenses 137,038 132,332
1,149,585 1,273,022

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 15,017 25,147

GMM UTILITIES LIMITED (REGISTERED NUMBER: 09823183)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts - 26,966
Bank loans 10,000 9,870
10,000 36,836

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 10,119

Amounts falling due between two and five years:
Bank loans - 2-5 years 5,017 15,028

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
102 Ordinary £1 102 102

10. RELATED PARTY DISCLOSURES

The director and his spouse hold 100% of the issued share capital.