IRIS Accounts Production v25.1.4.42 01498283 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh014982832023-10-31014982832024-10-31014982832023-11-012024-10-31014982832022-10-31014982832022-11-012023-10-31014982832023-10-3101498283ns15:EnglandWales2023-11-012024-10-3101498283ns14:PoundSterling2023-11-012024-10-3101498283ns10:Director12023-11-012024-10-3101498283ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3101498283ns10:SmallEntities2023-11-012024-10-3101498283ns10:AuditExemptWithAccountantsReport2023-11-012024-10-3101498283ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3101498283ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3101498283ns10:AbridgedAccounts2023-11-012024-10-3101498283ns10:Director22023-11-012024-10-3101498283ns10:Director32023-11-012024-10-3101498283ns10:RegisteredOffice2023-11-012024-10-3101498283ns5:CurrentFinancialInstruments2024-10-3101498283ns5:CurrentFinancialInstruments2023-10-3101498283ns5:ShareCapital2024-10-3101498283ns5:ShareCapital2023-10-3101498283ns5:SharePremium2024-10-3101498283ns5:SharePremium2023-10-3101498283ns5:CapitalRedemptionReserve2024-10-3101498283ns5:CapitalRedemptionReserve2023-10-3101498283ns5:RetainedEarningsAccumulatedLosses2024-10-3101498283ns5:RetainedEarningsAccumulatedLosses2023-10-3101498283ns5:LeaseholdImprovements2023-11-012024-10-3101498283ns5:PlantMachinery2023-11-012024-10-3101498283ns5:FurnitureFittings2023-11-012024-10-3101498283ns5:MotorVehicles2023-11-012024-10-3101498283ns5:ComputerEquipment2023-11-012024-10-3101498283ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-10-3101498283ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-10-31
REGISTERED NUMBER: 01498283 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

G.M. SERVICES LIMITED

G.M. SERVICES LIMITED (REGISTERED NUMBER: 01498283)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

G.M. SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: S G Clifford
S Cooke
T Walsh





REGISTERED OFFICE: Whitefield Road
Bredbury
Stockport
Cheshire
SK6 2QR





REGISTERED NUMBER: 01498283 (England and Wales)





ACCOUNTANTS: A. Allen & Son Limited
Chartered Accountants
45 Union Road
New Mills
High Peak
SK22 3EL

G.M. SERVICES LIMITED (REGISTERED NUMBER: 01498283)

ABRIDGED BALANCE SHEET
31 OCTOBER 2024

31/10/24 31/10/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,043 34,668

CURRENT ASSETS
Stocks 19,443 14,885
Debtors 5 3,232,215 2,693,098
Cash at bank and in hand 1,498,765 2,107,057
4,750,423 4,815,040
CREDITORS
Amounts falling due within one year 1,968,006 2,873,668
NET CURRENT ASSETS 2,782,417 1,941,372
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,812,460

1,976,040

PROVISIONS FOR LIABILITIES 30,577 51,199
NET ASSETS 2,781,883 1,924,841

CAPITAL AND RESERVES
Called up share capital 25 25
Share premium 4,900 4,900
Capital redemption reserve 175 175
Retained earnings 2,776,783 1,919,741
SHAREHOLDERS' FUNDS 2,781,883 1,924,841

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

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

G.M. SERVICES LIMITED (REGISTERED NUMBER: 01498283)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:





S G Clifford - Director


G.M. SERVICES LIMITED (REGISTERED NUMBER: 01498283)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

G.M. Services 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 - 2% on cost
Plant and machinery - 25% on cost, 25% on reducing balance and 15% on reducing balance
Fixtures and fittings - 25% on cost and 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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 Statement of Income and Retained Earnings, 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.

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 17 (2023 - 17 ) .

G.M. SERVICES LIMITED (REGISTERED NUMBER: 01498283)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2023 145,085
Additions 1,250
At 31 October 2024 146,335
DEPRECIATION
At 1 November 2023 110,417
Charge for year 5,875
At 31 October 2024 116,292
NET BOOK VALUE
At 31 October 2024 30,043
At 31 October 2023 34,668

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/10/24 31/10/23
£    £   
Other debtors 475,739 578,121

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
G.M. SERVICES LIMITED

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of G.M. Services Limited for the year ended 31 October 2024 which comprise the Statement of Income and Retained Earnings, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of G.M. Services Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of G.M. Services Limited and state those matters that we have agreed to state to the Board of Directors of G.M. Services Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G.M. Services Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that G.M. Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of G.M. Services Limited. You consider that G.M. Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of G.M. Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






A. Allen & Son Limited
Chartered Accountants
45 Union Road
New Mills
High Peak
SK22 3EL


29 May 2025