Registered number
09241354
G&M Meal Solutions Ltd
Report and Accounts
31 December 2024
.
G&M Meal Solutions Ltd
Registered number: 09241354
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Current assets
Debtors 305,472 636,731
Cash at bank and in hand 5,803 5,989
311,275 642,720
Creditors: amounts falling due within one year (7,288) (3,610)
Net current assets 303,987 639,110
Net assets 303,987 639,110
Capital and reserves
Called up share capital 2 2
Profit and loss account 303,985 639,108
Shareholders' funds 303,987 639,110
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.
Graham Davis
Director
Approved by the board on 20 March 2025
G&M Meal Solutions Ltd
Notes to the Accounts
for the year ended 31 December 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.
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.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2024 2023
£ £
Trade debtors 423 -
Amounts owed by group undertakings and undertakings in which the company has a participating interest 292,719 624,904
Other debtors 12,330 11,827
305,472 636,731
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 3,907 -
Corporation tax 2,861 2,916
Other taxes and social security costs - 175
Other creditors 520 519
7,288 3,610
5 Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.
6 Controlling party
The ultimate holding company is Ryhay Investments Limited, a company incorporated in the UK and under the control of R Davis & H Panayi and their families
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