Company Registration No. 12091739 (England and Wales)
GMY Ltd
Unaudited accounts
for the year ended 5 April 2025
GMY Ltd
Unaudited accounts
Contents
GMY Ltd
Company Information
for the year ended 5 April 2025
Company Number
12091739 (England and Wales)
Registered Office
3 Fletcher Close
London
E6 6FT
GMY Ltd
Statement of financial position
as at 5 April 2025
Tangible assets
44,632
2,602
Cash at bank and in hand
1,261
230
Creditors: amounts falling due within one year
(8,781)
(1,735)
Net current assets
1,535
8,720
Total assets less current liabilities
46,167
11,322
Creditors: amounts falling due after more than one year
(42,938)
-
Called up share capital
1
1
Profit and loss account
3,228
11,321
Shareholders' funds
3,229
11,322
For the year ending 5 April 2025 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 14 May 2025 and were signed on its behalf by
Mirko Yanev
Director
Company Registration No. 12091739
GMY Ltd
Notes to the Accounts
for the year ended 5 April 2025
GMY Ltd is a private company, limited by shares, registered in England and Wales, registration number 12091739. The registered office is 3 Fletcher Close, London, E6 6FT.
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.
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 financial statements are prepared in GBP sterling which is the functional currency of the company.
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:
Motor vehicles
4 years straight line
Fixtures & fittings
18% NBV
Computer equipment
18% NBV
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
GMY Ltd
Notes to the Accounts
for the year ended 5 April 2025
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 6 April 2024
-
3,217
799
4,016
Additions
55,190
-
1,349
56,539
At 5 April 2025
55,190
3,217
2,148
60,555
At 6 April 2024
-
1,055
359
1,414
Charge for the year
13,798
389
322
14,509
At 5 April 2025
13,798
1,444
681
15,923
At 5 April 2025
41,392
1,773
1,467
44,632
At 5 April 2024
-
2,162
440
2,602
Amounts falling due within one year
Amounts due from group undertakings etc.
9,055
10,225
6
Creditors: amounts falling due within one year
2025
2024
Amounts owed to group undertakings and other participating interests
-
750
Taxes and social security
-
985
7
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
216
-
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).