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REGISTERED NUMBER: 08662769 (England and Wales)















G M PLANT REPAIRS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025






G M PLANT REPAIRS LIMITED (REGISTERED NUMBER: 08662769)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G M PLANT REPAIRS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2025







DIRECTORS: G Morgan
W C Morgan





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 08662769 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

G M PLANT REPAIRS LIMITED (REGISTERED NUMBER: 08662769)

BALANCE SHEET
31ST MARCH 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 40,520 50,650
40,520 50,650

CURRENT ASSETS
Debtors 6 32,994 34,456
Cash at bank 39,794 51,894
72,788 86,350
CREDITORS
Amounts falling due within one year 7 60,933 68,520
NET CURRENT ASSETS 11,855 17,830
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,375

68,480

CREDITORS
Amounts falling due after more than one
year

8

(750

)

(3,750

)

PROVISIONS FOR LIABILITIES (7,699 ) (9,623 )
NET ASSETS 43,926 55,107

G M PLANT REPAIRS LIMITED (REGISTERED NUMBER: 08662769)

BALANCE SHEET - continued
31ST MARCH 2025

2025 2024
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 43,826 55,007
SHAREHOLDERS' FUNDS 43,926 55,107

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

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

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th July 2025 and were signed on its behalf by:





G Morgan - Director


G M PLANT REPAIRS LIMITED (REGISTERED NUMBER: 08662769)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025

1. STATUTORY INFORMATION

G M Plant Repairs 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, has been fully amortised.

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 - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.


G M PLANT REPAIRS LIMITED (REGISTERED NUMBER: 08662769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

2. ACCOUNTING POLICIES - continued
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.

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 2 (2024 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st April 2024
and 31st March 2025 20,000
AMORTISATION
At 1st April 2024
and 31st March 2025 20,000
NET BOOK VALUE
At 31st March 2025 -
At 31st March 2024 -

G M PLANT REPAIRS LIMITED (REGISTERED NUMBER: 08662769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st April 2024
and 31st March 2025 79,344
DEPRECIATION
At 1st April 2024 28,694
Charge for year 10,130
At 31st March 2025 38,824
NET BOOK VALUE
At 31st March 2025 40,520
At 31st March 2024 50,650

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 32,840 34,456
Other debtors 154 -
32,994 34,456

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 3,000 3,000
Trade creditors 3,183 1,151
Corporation Tax 9,760 13,327
Social security and other taxes - 681
VAT 5,296 5,337
Directors' current accounts 37,201 42,367
Accrued expenses 2,493 2,657
60,933 68,520

G M PLANT REPAIRS LIMITED (REGISTERED NUMBER: 08662769)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2025 2024
£    £   
Bank loans - 1-2 years 750 3,000
Bank loans - 2-5 years - 750
750 3,750

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

The company had the following outstanding directors loans at the year end:
- G Morgan was owed £17,482 (2024 - £20,064)
- W C Morgan was owed £19,719 (2024 - £22,303)