Registered number
06891348
GMR Consultancy (UK) Limited
Unaudited Filleted Accounts
30 April 2024
GMR Consultancy (UK) Limited
Registered number: 06891348
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 130,456 143,303
Current assets
Debtors 4 16,422 20,610
Investments held as current assets 5 6,245 6,147
Cash at bank and in hand 18,774 3,720
41,441 30,477
Creditors: amounts falling due within one year 6 (43,775) (66,624)
Net current liabilities (2,334) (36,147)
Net assets 128,122 107,156
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 127,122 106,156
Shareholders' funds 128,122 107,156
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dominic Rebeiro
Director
Approved by the board on 24 January 2025
GMR Consultancy (UK) Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 95,613 77,034 38,859 211,506
Additions - 2,602 13,998 16,600
At 30 April 2024 95,613 79,636 52,857 228,106
Depreciation
At 1 May 2023 5,680 47,819 14,704 68,203
Charge for the year - 19,909 9,538 29,447
At 30 April 2024 5,680 67,728 24,242 97,650
Net book value
At 30 April 2024 89,933 11,908 28,615 130,456
At 30 April 2023 89,933 29,215 24,155 143,303
4 Debtors 2024 2023
£ £
Trade debtors 15,605 20,334
Other debtors 817 276
16,422 20,610
5 Investments held as current assets 2024 2023
£ £
Fair value
Unlisted investments 6,245 6,147
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors (2,797) 16,833
Taxation and social security costs 15,001 (7,941)
Other creditors 31,571 57,732
43,775 66,624
7 Other information
GMR Consultancy (UK) Limited is a private company limited by shares and incorporated in England. Its registered office is:
214 Lower Addiscombe Road
Croydon
CR0 7AB
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