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REGISTERED NUMBER: 04639057 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

GMG Electrical Limited

GMG Electrical Limited (Registered number: 04639057)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


GMG Electrical Limited

Company Information
for the Year Ended 31 January 2025







DIRECTOR: G M Gencorusso





REGISTERED OFFICE: York House
4A Highfield Gardens
Liss
Hampshire
GU33 7NQ





REGISTERED NUMBER: 04639057 (England and Wales)





ACCOUNTANTS: Roberts York Limited
York House
4A Highfield Gardens
Liss
Hampshire
GU33 7NQ

GMG Electrical Limited (Registered number: 04639057)

Abridged Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 459 746

CURRENT ASSETS
Cash at bank 19,541 15,211

CREDITORS
Amounts falling due within one year 1,554 1,362
NET CURRENT ASSETS 17,987 13,849
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,446

14,595

PROVISIONS FOR LIABILITIES 87 142
NET ASSETS 18,359 14,453

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 18,358 14,452
18,359 14,453

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GMG Electrical Limited (Registered number: 04639057)

Abridged Balance Sheet - continued
31 January 2025


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 January 2025 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 director and authorised for issue on 22 August 2025 and were signed by:





G M Gencorusso - Director


GMG Electrical Limited (Registered number: 04639057)

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

1. STATUTORY INFORMATION

GMG Electrical 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instrument transactions in accordance with Section 11. Financial assets and liabilities are measured at cost and financial assets are assessed at the end of each reporting period for objective evidence of impairment.

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.

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.

GMG Electrical Limited (Registered number: 04639057)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2024
and 31 January 2025 11,390
DEPRECIATION
At 1 February 2024 10,644
Charge for year 287
At 31 January 2025 10,931
NET BOOK VALUE
At 31 January 2025 459
At 31 January 2024 746