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Company registration number: 15111151
G-MART SOLUTIONS LTD
UNAUDITED FILLETED FINANCIAL STATEMENTS
30 September 2024
G-MART SOLUTIONS LTD
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
G-MART SOLUTIONS LTD
DIRECTORS AND OTHER INFORMATION
Directors Mrs C A L Mahdavi (Appointed 14 September 2023)
Company number 15111151
Registered office 55 Lansdowne Road
Bayston Hill
Shrewsbury
Shropshire
SY3 0HZ
Business address 55 Lansdowne Road
Bayston Hill
Shrewsbury
Shropshire
SY3 0HZ
Accountants Heywoods
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
G-MART SOLUTIONS LTD
CHARTERED ACCOUNTANTS REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE
UNAUDITED STATUTORY FINANCIAL STATEMENTS OF G-MART SOLUTIONS LTD
PERIOD ENDED 30TH SEPTEMBER 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of G-Mart Solutions Ltd for the period ended 30 September 2024 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of G-Mart Solutions Ltd, as a body, in accordance with the terms of our engagement letter dated 20 August 2024. Our work has been undertaken solely to prepare for your approval the financial statements of G-Mart Solutions Ltd and state those matters that we have agreed to state to the board of directors of G-Mart Solutions Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G-Mart Solutions Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that G-Mart Solutions Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of G-Mart Solutions Ltd. You consider that G-Mart Solutions Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of G-Mart Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Heywoods
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
17 December 2024
G-MART SOLUTIONS LTD
STATEMENT OF FINANCIAL POSITION
30TH SEPTEMBER 2024
30/09/24
Note £ £
Fixed assets
Tangible assets 5 747
_______
747
Current assets
Debtors 6 5,904
Cash at bank and in hand 2,163
_______
8,067
Creditors: amounts falling due
within one year 7 ( 3,508)
_______
Net current assets 4,559
_______
Total assets less current liabilities 5,306
Provisions for liabilities ( 142)
_______
Net assets 5,164
_______
Capital and reserves
Called up share capital 5,000
Profit and loss account 164
_______
Shareholders funds 5,164
_______
For the period ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 10 December 2024 , and are signed on behalf of the board by:
Mrs C A L Mahdavi
Director
Company registration number: 15111151
G-MART SOLUTIONS LTD
STATEMENT OF CHANGES IN EQUITY
PERIOD ENDED 30TH SEPTEMBER 2024
Called up share capital Profit and loss account Total
£ £ £
At 3 September 2023 - - -
Profit for the period 10,034 10,034
_______ _______ _______
Total comprehensive income for the period - 10,034 10,034
Issue of shares 5,000 5,000
Dividends paid and payable ( 9,870) ( 9,870)
_______ _______ _______
Total investments by and distributions to owners 5,000 ( 9,870) ( 4,870)
_______ _______ _______
At 30 September 2024 5,000 164 5,164
_______ _______ _______
G-MART SOLUTIONS LTD
NOTES TO THE FINANCIAL STATEMENTS
PERIOD ENDED 30TH SEPTEMBER 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 55 Lansdowne Road, Bayston Hill, Shrewsbury, Shropshire, SY3 0HZ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the value of the consideration received or receivable for services supplied, net of discounts.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fittings fixtures and equipment - 15 % reducing balance
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1
5. Tangible assets
Fixtures, fittings and equipment Total
£ £
Cost
At 3 September 2023 - -
Additions 812 812
_______ _______
At 30 September 2024 812 812
_______ _______
Depreciation
At 3 September 2023 - -
Charge for the year 65 65
_______ _______
At 30 September 2024 65 65
_______ _______
Carrying amount
At 30 September 2024 747 747
_______ _______
6. Debtors
30/09/24
£
Other debtors 5,904
_______
7. Creditors: amounts falling due within one year
30/09/24
£
Corporation tax 2,214
Other creditors 1,294
_______
3,508
_______
8. Directors advances, credits and guarantees
During the period the directors entered into the following advances and credits with the company:
Period ended 30/09/24
Balance brought forward Amounts repaid Balance o/standing
£ £ £
Mrs C A L Mahdavi - 54 54
_______ _______ _______