Acorah Software Products - Accounts Production 16.4.675 false true 30 September 2023 1 October 2022 false 1 October 2023 30 September 2024 30 September 2024 08936219 Mrs Claire Ann Borrett Mr Lee Phelps iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08936219 2023-09-30 08936219 2024-09-30 08936219 2023-10-01 2024-09-30 08936219 frs-core:CurrentFinancialInstruments 2024-09-30 08936219 frs-core:Non-currentFinancialInstruments 2024-09-30 08936219 frs-core:ComputerEquipment 2024-09-30 08936219 frs-core:ComputerEquipment 2023-10-01 2024-09-30 08936219 frs-core:ComputerEquipment 2023-09-30 08936219 frs-core:FurnitureFittings 2024-09-30 08936219 frs-core:FurnitureFittings 2023-10-01 2024-09-30 08936219 frs-core:FurnitureFittings 2023-09-30 08936219 frs-core:PlantMachinery 2024-09-30 08936219 frs-core:PlantMachinery 2023-10-01 2024-09-30 08936219 frs-core:PlantMachinery 2023-09-30 08936219 frs-core:ShareCapital 2024-09-30 08936219 frs-core:RetainedEarningsAccumulatedLosses 2024-09-30 08936219 frs-bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08936219 frs-bus:FilletedAccounts 2023-10-01 2024-09-30 08936219 frs-bus:SmallEntities 2023-10-01 2024-09-30 08936219 frs-bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08936219 frs-bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 08936219 frs-bus:Director1 2023-10-01 2024-09-30 08936219 frs-bus:Director2 2023-10-01 2024-09-30 08936219 frs-core:CurrentFinancialInstruments 1 2024-09-30 08936219 frs-countries:EnglandWales 2023-10-01 2024-09-30 08936219 2022-09-30 08936219 2023-09-30 08936219 2022-10-01 2023-09-30 08936219 frs-core:CurrentFinancialInstruments 2023-09-30 08936219 frs-core:Non-currentFinancialInstruments 2023-09-30 08936219 frs-core:ShareCapital 2023-09-30 08936219 frs-core:RetainedEarningsAccumulatedLosses 2023-09-30 08936219 frs-core:CurrentFinancialInstruments 1 2023-09-30
Registered number: 08936219
GPML CONSTRUCTION LIMITED
Unaudited Financial Statements
For The Year Ended 30 September 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 08936219
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 24,675 29,030
24,675 29,030
CURRENT ASSETS
Stocks 5 822,004 667,982
Debtors 6 5,205,756 4,370,184
Cash at bank and in hand 155,386 105,312
6,183,146 5,143,478
Creditors: Amounts Falling Due Within One Year 7 (4,915,456 ) (3,960,557 )
NET CURRENT ASSETS (LIABILITIES) 1,267,690 1,182,921
TOTAL ASSETS LESS CURRENT LIABILITIES 1,292,365 1,211,951
Creditors: Amounts Falling Due After More Than One Year 8 (1,400,232 ) (1,362,017 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (6,169 ) (6,387 )
NET LIABILITIES (114,036 ) (156,453 )
CAPITAL AND RESERVES
Called up share capital 9 10 10
Profit and Loss Account (114,046 ) (156,463 )
SHAREHOLDERS' FUNDS (114,036) (156,453)
Page 1
Page 2
For the year ending 30 September 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Lee Phelps
Director
17/07/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
GPML CONSTRUCTION LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 08936219 . The registered office is Unit 21 Bybow Farm, Orchard Way, Wilmington, Kent, DA2 7ER.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% WDV
Fixtures & Fittings 15% WDV
Computer Equipment 15% WDV
2.4. Stocks and Work in Progress
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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 3)
4 3
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2023 41,830 16,262 3,798 61,890
As at 30 September 2024 41,830 16,262 3,798 61,890
Depreciation
As at 1 October 2023 19,069 12,343 1,448 32,860
Provided during the period 3,415 588 352 4,355
As at 30 September 2024 22,484 12,931 1,800 37,215
Net Book Value
As at 30 September 2024 19,346 3,331 1,998 24,675
As at 1 October 2023 22,761 3,919 2,350 29,030
5. Stocks
2024 2023
£ £
Work in progress 822,004 667,982
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,672,148 3,921,350
Other debtors 1,200 78,287
Inter company account 1,036 626
VAT 23,427 5,959
Directors' loan accounts 397,587 330,691
5,095,398 4,336,913
Due after more than one year
Corporation tax recoverable assets 110,358 33,271
5,205,756 4,370,184
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7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 716,945 695,101
Bank loans and overdrafts 5,514 62,552
Corporation tax 107,698 95,448
Other taxes and social security 96,308 83,129
Other creditors 39,292 32,109
Inter-company account 3,949,699 2,992,218
4,915,456 3,960,557
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 25,732 30,850
Other loans 1,374,500 1,331,167
1,400,232 1,362,017
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
10. Related Party Transactions
Included in the Other Debtors are the following amounts owed from the following companies, all of which are under the control of the director Mr L Phelps. No repayment terms have been set and no interest is to be charged.
-GPML Holdings Ltd - £276 (2023 - £276)
-GPML High Halden Ltd - £539 (2023 - £39)
-GPML Property Holdings Ltd - £221 (2023 - £101)
Included in the Other Debtors is an amount owed from the company director Mr L Phelps totalling £397,587 (2023 - £330,691), no interest is to be charged.
Included in the Other Creditors are the following amounts owed to the following companies, all of which are under the control of the director Mr L Phelps. No repayment terms have been set and no interest is to be charged.
-GPML Property Services Ltd - £3,840,438 (2023 - £2,722,682)
-GPML North Farm Road Ltd - £13,369 (2023 - £924)
-GPML Ethelbert Crescent Ltd - £93,976 (2023 - £268,612)
-GPML Property Management Ltd - £1,916 (2023 - £210 Debtor)
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