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REGISTERED NUMBER: 04717402 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

GJM TRADING LIMITED

GJM TRADING LIMITED (REGISTERED NUMBER: 04717402)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GJM TRADING LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTORS: G A Morris
Mrs J M Morris





SECRETARY: Mrs J M Morris





REGISTERED OFFICE: Unit 1, Kenn Court
Roman Farm Road
Hengrove
Bristol
BS4 1UL





REGISTERED NUMBER: 04717402 (England and Wales)





ACCOUNTANT: Grahame J Harbour Limited
1 Windrush Road
Keynsham
Bristol
Avon
BS31 1QL

GJM TRADING LIMITED (REGISTERED NUMBER: 04717402)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,000 10,000
Tangible assets 5 53,653 55,021
58,653 65,021

CURRENT ASSETS
Stocks 48,140 45,635
Debtors 6 157,939 182,063
Investments 7 104,774 96,385
Cash at bank and in hand 818,113 937,379
1,128,966 1,261,462
CREDITORS
Amounts falling due within one year 8 56,479 115,057
NET CURRENT ASSETS 1,072,487 1,146,405
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,131,140

1,211,426

PROVISIONS FOR LIABILITIES 14,982 13,141
NET ASSETS 1,116,158 1,198,285

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,115,958 1,198,085
SHAREHOLDERS' FUNDS 1,116,158 1,198,285

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

GJM TRADING LIMITED (REGISTERED NUMBER: 04717402)

Balance Sheet - continued
30 June 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 8 January 2025 and were signed on its behalf by:





G A Morris - Director


GJM TRADING LIMITED (REGISTERED NUMBER: 04717402)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

GJM Trading 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of four years.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

GJM TRADING LIMITED (REGISTERED NUMBER: 04717402)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

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 4 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 20,000
AMORTISATION
At 1 July 2023 10,000
Charge for year 5,000
At 30 June 2024 15,000
NET BOOK VALUE
At 30 June 2024 5,000
At 30 June 2023 10,000

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2023 61,343 119,686 181,029
Additions - 25,890 25,890
Disposals - (12,500 ) (12,500 )
At 30 June 2024 61,343 133,076 194,419
DEPRECIATION
At 1 July 2023 25,554 100,454 126,008
Charge for year 8,947 8,936 17,883
Eliminated on disposal - (3,125 ) (3,125 )
At 30 June 2024 34,501 106,265 140,766
NET BOOK VALUE
At 30 June 2024 26,842 26,811 53,653
At 30 June 2023 35,789 19,232 55,021

GJM TRADING LIMITED (REGISTERED NUMBER: 04717402)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 151,698 171,772
Prepayments 6,241 10,291
157,939 182,063

7. CURRENT ASSET INVESTMENTS
30.6.24 30.6.23
£    £   
Unlisted investments 104,774 96,385

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 37,563 54,784
Corporation tax 11,085 43,112
Social security and other taxes 1,984 2,132
VAT 2,347 11,056
Accrued expenses 3,500 3,973
56,479 115,057