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COMPANY REGISTRATION NUMBER: 03389095

GMT Computers Limited

Filleted Unaudited Financial Statements

For the year ended

30 June 2025

GMT Computers Limited

Statement of Financial Position

30 June 2025

| 2025 | 2024
Note | £ | £ | £ | £

Fixed assets

Tangible assets | 7 |  | 13,738 |  | 19,515

Current assets

Stocks | 5,000 |  | 3,500 |
Debtors | 8 | 58,811 |  | 85,744 |
Cash at bank and in hand | 39,327 |  | 16,528 |
| --------- |  | --------- |
| 103,138 |  | 105,772 |

Creditors: amounts falling due within one year | 9 | 66,593 |  | 84,025 |
| --------- |  | --------- |
Net current assets |  | 36,545 |  | 21,747
|  | -------- |  | --------
Total assets less current liabilities |  | 50,283 |  | 41,262

Creditors: amounts falling due after more than one year | 10 |  | – |  | 2,790

Provisions

Taxation including deferred tax |  | 2,610 |  | 3,708
|  | -------- |  | --------
Net assets |  | 47,673 |  | 34,764
|  | -------- |  | --------

GMT Computers Limited

Statement of Financial Position (continued)

30 June 2025

| 2025 | 2024
Note | £ | £ | £ | £

Capital and reserves

Called up share capital |  | 2,000 |  | 2,000
Profit and loss account |  | 45,673 |  | 32,764
|  | -------- |  | --------
Shareholders funds |  | 47,673 |  | 34,764
|  | -------- |  | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

P S Harrison | P M Harrison-Curl
Director | Director

Company registration number: 03389095

GMT Computers Limited

Notes to the Financial Statements

Year ended 30 June 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite G, V12, Merlin Park, Ringtail Road, Burscough, Lancashire, L40 8JY, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Dealership Licences | - | 25% straight line
| Software Development Costs | - | 25% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Research and development
Expenditure on research and development is written off in the year it is incurred.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Fixtures & Equipment | - | 15% reducing balance
| Motor Vehicles | - | 25% reducing balance
| Computer Equipment | - | 25% reducing balance

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Finance leases and hire purchase contracts
Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.
Defined contribution plans
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account for the year in which they are payable to the scheme.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 9 (2024: 9 ).
5. Tax on profit
Major components of tax expense

| 2025 | 2024
| £ | £

Current tax:

UK current tax expense | 8,448 | 5,563

Deferred tax:

Origination and reversal of timing differences | ( 1,098) | ( 1,199)
| ------- | -------
Tax on profit | 7,350 | 4,364
| ------- | -------

6. Intangible assets

| Goodwill | Development costs | Total
| £ | £ | £
Cost |  |  |
At 1 July 2024 and 30 June 2025 | 3,500 | 37,247 | 40,747
| ------- | -------- | --------
Amortisation |  |  |
At 1 July 2024 and 30 June 2025 | 3,500 | 37,247 | 40,747
| ------- | -------- | --------
Carrying amount |  |  |
At 30 June 2025 | – | – | –
| ------- | -------- | --------
At 30 June 2024 | – | – | –
| ------- | -------- | --------

7. Tangible assets

| Fixtures and fittings | Motor vehicles | Equipment | Total
| £ | £ | £ | £
Cost |  |  |  |
At 1 July 2024 | 17,767 | 13,482 | 128,414 | 159,663
Additions | – | – | 2,925 | 2,925
Disposals | – | ( 13,482) | – | ( 13,482)
| -------- | -------- | --------- | ---------
At 30 June 2025 | 17,767 | – | 131,339 | 149,106
| -------- | -------- | --------- | ---------
Depreciation |  |  |  |
At 1 July 2024 | 16,531 | 8,387 | 115,230 | 140,148
Charge for the year | 185 | 637 | 3,422 | 4,244
Disposals | – | ( 9,024) | – | ( 9,024)
| -------- | -------- | --------- | ---------
At 30 June 2025 | 16,716 | – | 118,652 | 135,368
| -------- | -------- | --------- | ---------
Carrying amount |  |  |  |
At 30 June 2025 | 1,051 | – | 12,687 | 13,738
| -------- | -------- | --------- | ---------
At 30 June 2024 | 1,236 | 5,095 | 13,184 | 19,515
| -------- | -------- | --------- | ---------

8. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 42,203 | 81,037
Prepayments and accrued income | 438 | 657
Directors loan account | – | 250
Amounts recoverable on contracts | 6,500 | 3,800
Other debtors | 9,670 | –
| -------- | --------
| 58,811 | 85,744
| -------- | --------

9. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | 2,791 | 2,032
Trade creditors | 16,649 | 32,884
Accruals and deferred income | 12,666 | 16,017
Corporation tax | 8,448 | 5,563
Social security and other taxes | 21,922 | 22,625
Dividends payable | 1,800 | 1,800
Director loan accounts | 2,317 | 408
Other creditors | – | 2,696
| -------- | --------
| 66,593 | 84,025
| -------- | --------

Bank borrowings are secured by fixed and floating charges over all the assets of the company.
10. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Bank loans and overdrafts | – | 2,790
| ---- | -------

11. Deferred tax
The deferred tax included in the statement of financial position is as follows:

| 2025 | 2024
| £ | £
Included in provisions | 2,610 | 3,708
| ------- | -------

The deferred tax account consists of the tax effect of timing differences in respect of:

| 2025 | 2024
| £ | £
Accelerated capital allowances | 2,610 | 3,708
| ------- | -------

12. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2025 | 2024
| £ | £
Not later than 1 year | 1,430 | 1,430
| ------- | -------

13. Directors' advances, credits and guarantees
As at 30 June 2025, the company owed Mr P S Harrison £1,667 (2024: £408) in respect of the balance on his director's loan account. This loan is interest free and is repayable to the director on demand. As at 30 June 2025, the company owed Mrs P M Harrison-Curl £650 in respect of the balance on her director's loan account. This loan is interest free and is repayable to the director on demand.