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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
Page
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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
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G M Metals Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,396 
6,111 
Current assets
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)
Net assets
3,976 
5,601 
Capital and reserves
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
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G M Metals Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
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.
2
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
4
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 
Depreciation
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 
Net book value
At 31 July 2024
4,021 
375 
4,396 
At 31 July 2023
5,361 
750 
6,111 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
21 
257 
Loans from directors
3,682 
3,321 
3,703 
3,578 
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G M Metals Ltd Notes to the Accounts for the year ended 31 July 2024
6
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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