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REGISTERED NUMBER: 06261797 (England and Wales)















GPMG LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024






GPMG LIMITED (REGISTERED NUMBER: 06261797)






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


GPMG LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: N S Park
E L Gooderham
S Harris





SECRETARY: E L Gooderham





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 06261797 (England and Wales)






GPMG LIMITED (REGISTERED NUMBER: 06261797)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 27,990 42,783
27,990 42,783

CURRENT ASSETS
Stocks 455,845 450,610
Debtors 6 950,028 949,203
Cash at bank and in hand 383,143 282,594
1,789,016 1,682,407
CREDITORS
Amounts falling due within one year 7 885,812 810,986
NET CURRENT ASSETS 903,204 871,421
TOTAL ASSETS LESS CURRENT
LIABILITIES

931,194

914,204

CREDITORS
Amounts falling due after more than one
year

8

-

(70,000

)

PROVISIONS FOR LIABILITIES (6,998 ) (8,129 )
NET ASSETS 924,196 836,075

GPMG LIMITED (REGISTERED NUMBER: 06261797)

BALANCE SHEET - continued
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 111 111
Retained earnings 924,085 835,964
SHAREHOLDERS' FUNDS 924,196 836,075

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 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 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 and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th November 2024 and were signed on its behalf by:





E L Gooderham - Director


GPMG LIMITED (REGISTERED NUMBER: 06261797)

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

1. STATUTORY INFORMATION

GPMG 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.

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.
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

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 Profit and Loss, 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.


GPMG LIMITED (REGISTERED NUMBER: 06261797)

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

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.

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 46 (2023 - 41 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2023
and 31st March 2024 500,000
AMORTISATION
At 1st April 2023
and 31st March 2024 500,000
NET BOOK VALUE
At 31st March 2024 -
At 31st March 2023 -

GPMG LIMITED (REGISTERED NUMBER: 06261797)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st April 2023 84,904 144,669 229,573
Additions 2,109 - 2,109
At 31st March 2024 87,013 144,669 231,682
DEPRECIATION
At 1st April 2023 79,596 107,194 186,790
Charge for year 2,042 14,860 16,902
At 31st March 2024 81,638 122,054 203,692
NET BOOK VALUE
At 31st March 2024 5,375 22,615 27,990
At 31st March 2023 5,308 37,475 42,783

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 701,987 543,886
Other debtors 11,625 2,737
Pembroke House - 124,477
Zest Tax Limited 64 -
Gooderham Property Limited 200,000 265,000
Directors' current accounts 15,000 -
Tax 5,063 -
Prepayments and accrued income 16,289 13,103
950,028 949,203

GPMG LIMITED (REGISTERED NUMBER: 06261797)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 30,000
Trade creditors 16,414 18,347
Other creditors 39,225 34,324
Corporation Tax 87,857 96,943
Social security and other taxes 44,260 24,384
VAT 165,079 120,828
Pembroke House Limited 17,705 -
Pembroke House - 1,500
Directors' current accounts 3,901 1,777
Accruals and deferred income 54,438 56,872
Fees received in advance 456,933 426,011
885,812 810,986

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years - 70,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1.00 100 100
1 Ordinary A £1 1 1
10 Ordinary B £1 10 10
111 111

10. RELATED PARTY DISCLOSURES

At the year end the director S Harris owed the company £15,000 (2023 - £0)