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REGISTERED NUMBER: 03655748 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

GMH UK LIMITED

GMH UK LIMITED (REGISTERED NUMBER: 03655748)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GMH UK LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2024







DIRECTORS: P E Wright
M Altenhofer





SECRETARY: Ms S L Johnson





REGISTERED OFFICE: Stephenson Road
Speedwell Industrial Estate
Staveley
Chesterfield
Derbyshire
S43 3JN





REGISTERED NUMBER: 03655748 (England and Wales)





AUDITORS: RFM Audit Services LLP, Statutory Auditor
Unit 1, Guest House Farm
Runshaw Lane
Euxton
Chorley
Lancashire
PR7 6HD

GMH UK LIMITED (REGISTERED NUMBER: 03655748)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 837,613 1,031,444

CURRENT ASSETS
Stocks 1,213,050 1,628,758
Debtors 5 2,168,839 1,465,475
Cash at bank 624,410 1,353,013
4,006,299 4,447,246
CREDITORS
Amounts falling due within one year 6 957,949 1,673,567
NET CURRENT ASSETS 3,048,350 2,773,679
TOTAL ASSETS LESS CURRENT LIABILITIES 3,885,963 3,805,123

PROVISIONS FOR LIABILITIES 8 150,002 235,759
NET ASSETS 3,735,961 3,569,364

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 3,735,951 3,569,354
3,735,961 3,569,364

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 19 March 2025 and were signed on its behalf by:





P E Wright - Director


GMH UK LIMITED (REGISTERED NUMBER: 03655748)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Gmh Uk 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

TANGIBLE FIXED ASSETS
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its useful economic life

Plant and machinery - 20% reducing balance and 10% on cost
Fixtures, fittings and equipment - 25% reducing balance and 1/3 on cost
Motor vehicles - 25% reducing balance

STOCKS
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

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, unless the arrangement
constitutes a financing transaction, where it is recognised at the present value of the future payments
discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.


GMH UK LIMITED (REGISTERED NUMBER: 03655748)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

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.

IMPAIRMENT
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

DILAPIDATION PROVISION
Within the period, the company has recognised a provision for dilapidations in line with the lease agreement to restore the property to original condition at the end of the period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 17 ) .

GMH UK LIMITED (REGISTERED NUMBER: 03655748)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 January 2024 2,436,259 100,235 108,370 2,644,864
Additions 7,138 16,857 - 23,995
Disposals (19,022 ) (31,057 ) - (50,079 )
At 31 December 2024 2,424,375 86,035 108,370 2,618,780
DEPRECIATION
At 1 January 2024 1,445,801 73,434 94,185 1,613,420
Charge for year 201,364 12,915 3,547 217,826
Eliminated on disposal (19,022 ) (31,057 ) - (50,079 )
At 31 December 2024 1,628,143 55,292 97,732 1,781,167
NET BOOK VALUE
At 31 December 2024 796,232 30,743 10,638 837,613
At 31 December 2023 990,458 26,801 14,185 1,031,444

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,307,672 1,454,291
Amounts owed by group undertakings 846,767 11,184
Other debtors 14,400 -
2,168,839 1,465,475

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 241,565 633,699
Amounts owed to group undertakings 423,628 492,327
Taxation and social security 250,702 412,871
Other creditors 42,054 134,670
957,949 1,673,567

7. LEASING AGREEMENTS
At the year end, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £621,262 (2023 £778,025).

GMH UK LIMITED (REGISTERED NUMBER: 03655748)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2024

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 150,002 185,759
Dilapidations - 50,000
150,002 235,759

Deferred Dilapidati
tax ons
£    £   
Balance at 1 January 2024 185,759 50,000
Credit to Income Statement during year (35,757 ) (50,000 )
Balance at 31 December 2024 150,002 -

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Sarah Flynn FCA (Senior Statutory Auditor)
for and on behalf of RFM Audit Services LLP, Statutory Auditor

Matters required to report by exception
Arising solely from the limitation on the scope of our work relating to stock, referred to above:
- we have not obtained all the information and explanations that we considered necessary for the
purpose of our audit; and
- we were unable to determine whether adequate accounting records have been kept.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following interest free advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
P E Wright
Balance outstanding at start of year (376 ) 3,167
Amounts advanced 11,400 2,200
Amounts repaid (10,624 ) (5,743 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 400 (376 )

11. ULTIMATE PARENT COMPANY

The company is a 100% subsidiary of Georgsmarienhutte GmbH, a company incorporated in Germany. Its ultimate parent company is Georgsmarienhutte Holding GmbH. Copies of the group accounts may be obtained from Neue Huttenstrasse 1, 49142 Georgsmarienhutte, Germany.