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Company Registration No. 14505999 (England and Wales)
GMS Leads Limited Unaudited accounts for the year ended 30 November 2024
GMS Leads Limited Unaudited accounts Contents
Page
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GMS Leads Limited Company Information for the year ended 30 November 2024
Director
Mr David Christopher Ogden
Company Number
14505999 (England and Wales)
Registered Office
71-75 Shelton Street, Covent Garden, London, WC2H 9JQ United Kingdom,
Accountants
Peacock Accountants Ltd 71-75 Shelton Street Covent Garden London England WC2H 9JQ
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GMS Leads Limited Statement of financial position as at 30 November 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
35,100 
46,800 
Tangible assets
176,346 
1,255 
211,446 
48,055 
Current assets
Debtors
337,618 
1,190 
Cash at bank and in hand
21,848 
295,874 
359,466 
297,064 
Creditors: amounts falling due within one year
(127,264)
(190,755)
Net current assets
232,202 
106,309 
Total assets less current liabilities
443,648 
154,364 
Creditors: amounts falling due after more than one year
(157,000)
- 
Provisions for liabilities
Deferred tax
(7,479)
- 
Net assets
279,169 
154,364 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
279,069 
154,264 
Shareholders' funds
279,169 
154,364 
For the year ending 30 November 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.
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 13 December 2024 and were signed on its behalf by
Mr David Christopher Ogden Director Company Registration No. 14505999
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GMS Leads Limited Notes to the Accounts for the year ended 30 November 2024
1
Statutory information
GMS Leads Limited is a private company, limited by shares, registered in England and Wales, registration number 14505999. The registered office is 71-75 Shelton Street,, Covent Garden,, London,, WC2H 9JQ, United Kingdom,.
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.
3
Accounting policies
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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Motor vehicles
174834.17
Fixtures & fittings
727.83
Computer equipment
3526.63
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 December 2023
58,500 
At 30 November 2024
58,500 
Amortisation
At 1 December 2023
11,700 
Charge for the year
11,700 
At 30 November 2024
23,400 
Net book value
At 30 November 2024
35,100 
At 30 November 2023
46,800 
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GMS Leads Limited Notes to the Accounts for the year ended 30 November 2024
5
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 December 2023
- 
350 
1,091 
1,441 
Additions
174,834 
378 
2,436 
177,648 
At 30 November 2024
174,834 
728 
3,527 
179,089 
Depreciation
At 1 December 2023
- 
36 
150 
186 
Charge for the year
1,552 
132 
873 
2,557 
At 30 November 2024
1,552 
168 
1,023 
2,743 
Net book value
At 30 November 2024
173,282 
560 
2,504 
176,346 
At 30 November 2023
- 
314 
941 
1,255 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
10,800 
- 
Other debtors
- 
1,190 
10,800 
1,190 
Amounts falling due after more than one year
Amounts due from group undertakings etc.
326,818 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
176 
- 
VAT
13,245 
76,590 
Taxes and social security
38,153 
53,560 
Other creditors
268 
376 
Loans from directors
75,422 
60,229 
127,264 
190,755 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
157,000 
- 
9
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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