GMK CONSTRUCTION (NI) LTD

Company Registration Number:
NI609392 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 October 2024

Period of accounts

Start date: 01 November 2023

End date: 31 October 2024

GMK CONSTRUCTION (NI) LTD

Contents of the Financial Statements

for the Period Ended 31 October 2024

Balance sheet
Notes

GMK CONSTRUCTION (NI) LTD

Balance sheet

As at 31 October 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 82,902 44,191
Total fixed assets: 82,902 44,191
Current assets
Stocks: 2,925 3,000
Debtors:   18,248 63,827
Cash at bank and in hand: 21,821 5,443
Total current assets: 42,994 72,270
Creditors: amounts falling due within one year:   (76,256) (38,710)
Net current assets (liabilities): (33,262) 33,560
Total assets less current liabilities: 49,640 77,751
Creditors: amounts falling due after more than one year:   (46,812) (36,533)
Total net assets (liabilities): 2,828 41,218
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 2,827 41,217
Shareholders funds: 2,828 41,218

The notes form part of these financial statements

GMK CONSTRUCTION (NI) LTD

Balance sheet statements

For the year ending 31 October 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 11 April 2025
and signed on behalf of the board by:

Name: Gary McKerr
Status: Director

The notes form part of these financial statements

GMK CONSTRUCTION (NI) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover comprises the invoice value of goods and services supplied by the company, exclusive of trade discounts and value added tax.

Tangible fixed assets and depreciation policy

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows: Plant and machinery 10% Reducing balance Fixtures, fittings and equipment 25% Reducing balance Motor vehicles 10% Reducing balance The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Valuation and information policy

Stocks are valued at the lower of cost and net realisable value. Stocks are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing or selling.

GMK CONSTRUCTION (NI) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

2. Employees

2024 2023
Average number of employees during the period 5 5

GMK CONSTRUCTION (NI) LTD

Notes to the Financial Statements

for the Period Ended 31 October 2024

3. Tangible Assets

Total
Cost £
At 01 November 2023 72,169
Additions 105,381
Disposals (57,227)
At 31 October 2024 120,323
Depreciation
At 01 November 2023 27,978
Charge for year 9,443
At 31 October 2024 37,421
Net book value
At 31 October 2024 82,902
At 31 October 2023 44,191