IRIS Accounts Production v25.1.0.734 04044852 director 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh040448522023-12-31040448522024-12-31040448522024-01-012024-12-31040448522022-12-31040448522023-01-012023-12-31040448522023-12-3104044852ns15:EnglandWales2024-01-012024-12-3104044852ns14:PoundSterling2024-01-012024-12-3104044852ns10:Director12024-01-012024-12-3104044852ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3104044852ns10:SmallEntities2024-01-012024-12-3104044852ns10:AuditExemptWithAccountantsReport2024-01-012024-12-3104044852ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3104044852ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3104044852ns10:FullAccounts2024-01-012024-12-3104044852ns10:CompanySecretary12024-01-012024-12-3104044852ns10:RegisteredOffice2024-01-012024-12-3104044852ns5:CurrentFinancialInstruments2024-12-3104044852ns5:CurrentFinancialInstruments2023-12-3104044852ns5:ShareCapital2024-12-3104044852ns5:ShareCapital2023-12-3104044852ns5:RetainedEarningsAccumulatedLosses2024-12-3104044852ns5:RetainedEarningsAccumulatedLosses2023-12-3104044852ns5:LeaseholdImprovements2024-01-012024-12-3104044852ns5:PlantMachinery2024-01-012024-12-3104044852ns5:MotorVehicles2024-01-012024-12-3104044852ns5:LeaseholdImprovements2023-12-3104044852ns5:PlantMachinery2023-12-3104044852ns5:MotorVehicles2023-12-3104044852ns5:LeaseholdImprovements2024-12-3104044852ns5:PlantMachinery2024-12-3104044852ns5:MotorVehicles2024-12-3104044852ns5:LeaseholdImprovements2023-12-3104044852ns5:PlantMachinery2023-12-3104044852ns5:MotorVehicles2023-12-3104044852ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3104044852ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-31
REGISTERED NUMBER: 04044852 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

G. M. R. (Lincoln) Limited

G. M. R. (Lincoln) Limited (Registered number: 04044852)






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

Report of the Accountants 5

G. M. R. (Lincoln) Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mr R R Howes





SECRETARY: Mrs J Howes





REGISTERED OFFICE: Wrightsway
Lincoln
Lincolnshire
LN2 4JY





REGISTERED NUMBER: 04044852 (England and Wales)





ACCOUNTANTS: Prestige Accounting Limited T/A Simon Moss & Co
The Finance Centre
34a Southgate
Sleaford
Lincolnshire
NG34 7RY

G. M. R. (Lincoln) Limited (Registered number: 04044852)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 55,769 48,870

CURRENT ASSETS
Stocks 17,329 10,077
Debtors 5 42,600 67,651
Cash at bank and in hand 38,483 27,826
98,412 105,554
CREDITORS
Amounts falling due within one year 6 32,824 35,627
NET CURRENT ASSETS 65,588 69,927
TOTAL ASSETS LESS CURRENT
LIABILITIES

121,357

118,797

PROVISIONS FOR LIABILITIES 7,569 7,690
NET ASSETS 113,788 111,107

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 113,688 111,007
SHAREHOLDERS' FUNDS 113,788 111,107

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 8 May 2025 and were signed by:





Mr R R Howes - Director


G. M. R. (Lincoln) Limited (Registered number: 04044852)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

G. M. R. (Lincoln) 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over period of property lease
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

G. M. R. (Lincoln) Limited (Registered number: 04044852)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 January 2024 4,378 153,150 56,779 214,307
Additions - 10,240 12,979 23,219
At 31 December 2024 4,378 163,390 69,758 237,526
DEPRECIATION
At 1 January 2024 4,378 129,088 31,971 165,437
Charge for year - 5,493 10,827 16,320
At 31 December 2024 4,378 134,581 42,798 181,757
NET BOOK VALUE
At 31 December 2024 - 28,809 26,960 55,769
At 31 December 2023 - 24,062 24,808 48,870

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 37,909 63,296
Other debtors 4,691 4,355
42,600 67,651

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 10,254 5,680
Taxation and social security 17,229 26,860
Other creditors 5,341 3,087
32,824 35,627

7. OTHER FINANCIAL COMMITMENTS

At 31 December 2024 the company had outstanding commitments under operating leases of £72,000 (2023: £90,000).

G. M. R. (Lincoln) Limited

Report of the Accountants to the Director of
G. M. R. (Lincoln) Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on pages three to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Prestige Accounting Limited T/A Simon Moss & Co
The Finance Centre
34a Southgate
Sleaford
Lincolnshire
NG34 7RY


8 May 2025