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REGISTERED NUMBER: SC344138 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2025

for

GMA Electrical Limited

GMA Electrical Limited (Registered number: SC344138)






Contents of the Financial Statements
for the Year Ended 31 May 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GMA Electrical Limited

Company Information
for the Year Ended 31 May 2025







DIRECTORS: B Miller
Mrs A Miller





SECRETARY: Mrs A Miller





REGISTERED OFFICE: 27 Laverock Avenue
Hamilton
ML3 7DD





REGISTERED NUMBER: SC344138 (Scotland)





ACCOUNTANTS: Andersons
53 Wellhall Road
Hamilton
Lanarkshire
ML3 9BY

GMA Electrical Limited (Registered number: SC344138)

Balance Sheet
31 May 2025

31.5.25 31.5.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 37,600 38,029

CURRENT ASSETS
Debtors 5 63,677 48,280
Cash at bank 154,926 204,836
218,603 253,116
CREDITORS
Amounts falling due within one year 6 63,397 54,140
NET CURRENT ASSETS 155,206 198,976
TOTAL ASSETS LESS CURRENT
LIABILITIES

192,806

237,005

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 192,706 236,905
SHAREHOLDERS' FUNDS 192,806 237,005

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 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.

GMA Electrical Limited (Registered number: SC344138)

Balance Sheet - continued
31 May 2025


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 1 July 2025 and were signed on its behalf by:





B Miller - Director


GMA Electrical Limited (Registered number: SC344138)

Notes to the Financial Statements
for the Year Ended 31 May 2025

1. STATUTORY INFORMATION

GMA Electrical Limited is a private company, limited by shares , registered in Scotland. 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 represents net invoiced sales of services, excluding value added tax.

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 etc - 33% on cost

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 5 (2024 - 5 ) .

GMA Electrical Limited (Registered number: SC344138)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2024 69,621
Additions 25,878
Disposals (22,304 )
At 31 May 2025 73,195
DEPRECIATION
At 1 June 2024 31,592
Charge for year 16,683
Eliminated on disposal (12,680 )
At 31 May 2025 35,595
NET BOOK VALUE
At 31 May 2025 37,600
At 31 May 2024 38,029

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.25 31.5.24
£    £   
Trade debtors 58,976 27,878
Other debtors 4,701 20,402
63,677 48,280

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.25 31.5.24
£    £   
Trade creditors 2,540 5,136
Taxation and social security 13,611 13,030
Other creditors 47,246 35,974
63,397 54,140

7. RELATED PARTY DISCLOSURES

Included in bad debts is £20,000 that was loaned to Hamilton Electrical Supplies Ltd, a company with a common director. This company has ceased trading and was unable to repay the loan.

8. ULTIMATE CONTROLLING PARTY

The controlling party is B Miller.