Company Registration No. 05570189 (England and Wales)
GMR CONNECTION LIMITED
Unaudited accounts
for the year ended 30 September 2024
GMR CONNECTION LIMITED
Unaudited accounts
Contents
GMR CONNECTION LIMITED
Company Information
for the year ended 30 September 2024
Directors
Michael Turner
Claudia Wallin
Company Number
05570189 (England and Wales)
Registered Office
9 Cambridge Street
Tunbridge Wells
TN2 4SJ
ENGLAND
Accountants
Citrus Circle Accountancy
9 Cambridge Street
Tunbridge Wells
Kent
TN2 4SJ
GMR CONNECTION LIMITED
Statement of financial position
as at 30 September 2024
Investments
137,646
137,646
Cash at bank and in hand
72,167
74,681
Creditors: amounts falling due within one year
(33,709)
(36,077)
Net current assets
48,067
48,632
Total assets less current liabilities
185,713
186,278
Creditors: amounts falling due after more than one year
(123,000)
(123,000)
Called up share capital
1
1
Profit and loss account
62,712
63,277
Shareholders' funds
62,713
63,278
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 November 2024 and were signed on its behalf by
Claudia Wallin
Director
Company Registration No. 05570189
GMR CONNECTION LIMITED
Notes to the Accounts
for the year ended 30 September 2024
GMR CONNECTION LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05570189. The registered office is 9 Cambridge Street, Tunbridge Wells, TN2 4SJ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
4
Tangible fixed assets
Computer equipment
GMR CONNECTION LIMITED
Notes to the Accounts
for the year ended 30 September 2024
5
Investments
Other investments
Valuation at 1 October 2023
137,646
Valuation at 30 September 2024
137,646
The company's investments at the Balance Sheet date in the share capital of companies include the following:
C4 Connection AB
Nature if business: Consultancy
Class of Shares: Ordinary
% Holding: 100.0
The Company paid 1 SEK for shares in C4 Connection AB. This was converted to sterling at the rate of exchange in place at the date of transaction.
E Switch AB : 14,000 shares holding 22% = £14,645.17
The Company holds EUR 138,595 worth of inventory. This was converted to sterling at the rate of exchange in place at the transaction date.
Amounts falling due within one year
Amounts due from group undertakings etc.
9,099
8,787
Accrued income and prepayments
443
1,174
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
-
4,824
Other creditors
2,307
2,063
Loans from directors
30,037
27,825
8
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
123,000
123,000
The amount owed to the shareholder represents the purchase price for the inventory bought by GMR Connection Limited, from C4 Connection AB.
GMR CONNECTION LIMITED
Notes to the Accounts
for the year ended 30 September 2024
9
Transactions with related parties
Shareholder
During the year, the company received rent amounting to £18,650 (2022: ££16,750) from subletting a flat owned by the shareholder. No rent is payable by the company.
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).