Company Registration No. 08464764 (England and Wales)
G M AUDIO LIMITED
Unaudited accounts
for the year ended 31 March 2024
G M AUDIO LIMITED
Unaudited accounts
Contents
G M AUDIO LIMITED
Company Information
for the year ended 31 March 2024
Director
Glen Lindsay Massam
Company Number
08464764 (England and Wales)
Registered Office
254 Batley Road
Wakefield
WF2 0AL
England
Accountants
Xeinadin Group
Regent House
Folds Road
Bolton
BL1 2RZ
G M AUDIO LIMITED
Statement of financial position
as at 31 March 2024
Tangible assets
2,079
3,713
Cash at bank and in hand
3,779
9,622
Creditors: amounts falling due within one year
(3,868)
(4,654)
Net current assets
3,611
10,554
Total assets less current liabilities
5,690
14,267
Creditors: amounts falling due after more than one year
(5,000)
(6,970)
Provisions for liabilities
Called up share capital
10
10
Profit and loss account
285
6,581
Shareholders' funds
295
6,591
For the year ending 31 March 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 and authorised for issue on 25 November 2024 and were signed on its behalf by
Glen Lindsay Massam
Director
Company Registration No. 08464764
G M AUDIO LIMITED
Notes to the Accounts
for the year ended 31 March 2024
G M AUDIO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08464764. The registered office is 254 Batley Road, Wakefield, WF2 0AL, 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.
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33% straight line method
Motor vehicles
25% reducing balance method
4
Tangible fixed assets
Total
G M AUDIO LIMITED
Notes to the Accounts
for the year ended 31 March 2024
5
Average number of employees
During the year the average number of employees was 1 (2023: 1).