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Registered number: 09947327

GSM Interiors Limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2025

Prepared By:
CES Accountants
Certified Public Accountants
27 Milldale Crescent
Wolverhampton
West Midlands
WV10 6LP

GSM Interiors Limited

ACCOUNTS
FOR THE YEAR ENDED 31/01/2025
DIRECTORS
Mr R Smith
SECRETARY
Mr R Smith
REGISTERED OFFICE
7 Canterbury Avenue
Willenhall
England
WV13 1JG
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09947327
ACCOUNTANTS
CES Accountants
Certified Public Accountants
27 Milldale Crescent
Wolverhampton
West Midlands
WV10 6LP

GSM Interiors Limited

ACCOUNTS
FOR THEYEARENDED31/01/2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

GSM Interiors Limited

BALANCE SHEET AT 31/01/2025
20252024
Notes££
FIXED ASSETS
Tangible assets338,24836,975
CURRENT ASSETS
Stock142,381170,148
Debtors551,614106,390
Cash at bank and in hand41,61761,459
235,612337,997
CREDITORS: Amounts falling due within one year6253,573284,476
NET CURRENT (LIABILITIES) / ASSETS(17,961)53,521
TOTAL ASSETS LESS CURRENT LIABILITIES20,28790,496
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account20,18790,396
SHAREHOLDERS' FUNDS20,28790,496
For the year ending 31/01/2025 the company was entitled to exemption 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 directors acknowledge their 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 28/02/2025 and signed on their behalf by
.............................
Mr R Smith
Director
.............................

GSM Interiors Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/01/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20252024
No.No.
Average number of employees77

GSM Interiors Limited

3. TANGIBLE FIXED ASSETS
Commercial
VehiclesTotal
££
Cost
At 01/02/202449,30049,300
Additions13,99013,990
At 31/01/202563,29063,290
Depreciation
At 01/02/202412,32512,325
For the year12,71712,717
At 31/01/202525,04225,042
Net Book Amounts
At 31/01/202538,24838,248
At 31/01/202436,97536,975
4. STOCK 20252024
££
Stock comprises:
Stock2,1334,923
Work in progress140,248165,225
142,381170,148
5. DEBTORS 20252024
££
Amounts falling due within one year
Trade debtors28,10770,090
VAT11,64511,495
PAYE control6,86224,805
Other debtors5,000-
51,614106,390

GSM Interiors Limited

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
UK corporation tax-15,479
Directors current account116,086146,023
Bank Loan - BBL15,00023,725
Loans86719,467
Hire purchase3,78018,201
Hire purchase13,066-
Trade creditors99,41056,217
Accruals5,3645,364
253,573284,476
7. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100