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REGISTERED NUMBER: 06298483 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

G.M. BUILDERS (UK) LTD

G.M. BUILDERS (UK) LTD (REGISTERED NUMBER: 06298483)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


G.M. BUILDERS (UK) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Mrs L McEwen
G McEwen





REGISTERED OFFICE: Ground Floor
Oakhurst House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS





REGISTERED NUMBER: 06298483 (England and Wales)





ACCOUNTANTS: Wells Associates
Ground Floor Oakhurst House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS

G.M. BUILDERS (UK) LTD (REGISTERED NUMBER: 06298483)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 71,152 128,116

CURRENT ASSETS
Stocks 148,650 168,127
Debtors 5 764,675 957,456
Cash at bank and in hand 6,032 3,137
919,357 1,128,720
CREDITORS
Amounts falling due within one year 6 (809,294 ) (843,522 )
NET CURRENT ASSETS 110,063 285,198
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,215

413,314

CREDITORS
Amounts falling due after more than one
year

7

(40,659

)

(79,052

)

PROVISIONS FOR LIABILITIES (13,519 ) (24,342 )
NET ASSETS 127,037 309,920

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 127,035 309,918
127,037 309,920

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:





Mrs L McEwen - Director


G.M. BUILDERS (UK) LTD (REGISTERED NUMBER: 06298483)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

G.M. Builders (UK) Ltd 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.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 25 ) .

G.M. BUILDERS (UK) LTD (REGISTERED NUMBER: 06298483)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 July 2023
and 30 June 2024 243,752 34,663 341,642 620,057
DEPRECIATION
At 1 July 2023 196,030 30,986 264,925 491,941
Charge for year 18,191 1,667 37,106 56,964
At 30 June 2024 214,221 32,653 302,031 548,905
NET BOOK VALUE
At 30 June 2024 29,531 2,010 39,611 71,152
At 30 June 2023 47,722 3,677 76,717 128,116

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 167,990 273,061
Other debtors 458 1,521
CIS asset 83,869 83,869
Directors' current accounts 376,113 395,400
Tax 133,660 184,072
VAT - 5,364
Accrued income - 13,454
Prepayments 2,585 715
764,675 957,456

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 16,917
Hire purchase contracts 37,329 36,953
Trade creditors 165,158 322,490
Tax 229,501 274,914
Social security and other taxes 348,527 151,509
VAT 15,626 -
Other creditors 10,503 38,139
Accrued expenses 2,650 2,600
809,294 843,522

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 40,659 79,052

G.M. BUILDERS (UK) LTD (REGISTERED NUMBER: 06298483)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mrs L McEwen and G McEwen
Balance outstanding at start of year 395,401 396,030
Amounts advanced 114,425 207,454
Amounts repaid (133,713 ) (208,083 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 376,113 395,401

Interest is charged on balances exceeding £10,000 and the loan is repayable on demand.