Company Registration No. 13534443 (England and Wales)
G M Metals Ltd
Unaudited accounts
for the year ended 31 July 2024
G M Metals Ltd
Unaudited accounts
Contents
G M Metals Ltd
Company Information
for the year ended 31 July 2024
Director
Gheorghe Menelaus Bonculescu
Company Number
13534443 (England and Wales)
Registered Office
14 Leach Street
Bolton
Lancashire
BL3 6SD
England
G M Metals Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
4,396
6,111
Cash at bank and in hand
3,283
3,068
Creditors: amounts falling due within one year
(3,703)
(3,578)
Net current liabilities
(420)
(510)
Called up share capital
100
100
Profit and loss account
3,876
5,501
Shareholders' funds
3,976
5,601
For the year ending 31 July 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 April 2024 and were signed on its behalf by
Gheorghe Menelaus Bonculescu
Director
Company Registration No. 13534443
G M Metals Ltd
Notes to the Accounts
for the year ended 31 July 2024
G M Metals Ltd is a private company, limited by shares, registered in England and Wales, registration number 13534443. The registered office is 14 Leach Street, Bolton, Lancashire, BL3 6SD, England.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on Cost
Motor vehicles
25% on Cost
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 August 2023
6,701
1,500
8,201
At 31 July 2024
6,701
1,500
8,201
At 1 August 2023
1,340
750
2,090
Charge for the year
1,340
375
1,715
At 31 July 2024
2,680
1,125
3,805
At 31 July 2024
4,021
375
4,396
At 31 July 2023
5,361
750
6,111
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Creditors: amounts falling due within one year
2024
2023
Taxes and social security
21
257
Loans from directors
3,682
3,321
G M Metals Ltd
Notes to the Accounts
for the year ended 31 July 2024
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Average number of employees
During the year the average number of employees was 0 (2023: 0).