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Registered number: 15103744
Gms Telecoms Ltd
Unaudited Financial Statements
For The Year Ended 31 August 2025
Gms Telecoms Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Gms Telecoms Ltd
Balance Sheet
As At 31 August 2025
Balance Sheet
Registered number: 15103744

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 12,658 |  | 15,676
|  |  | 12,658 |  | 15,676
CURRENT ASSETS
Debtors | 5 | 10,838 |  | 27,917 |
Cash at bank and in hand |  | 1,020 |  | 15,550 |
|  | 11,858 |  | 43,467 |
Creditors: Amounts Falling Due Within One Year | 6 | (19,803 ) |  | (37,563 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | (7,945 ) |  | 5,904
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 4,713 |  | 21,580
Creditors: Amounts Falling Due After More Than One Year | 7 |  | (4,688 ) |  | (7,437 )
NET ASSETS |  |  | 25 |  | 14,143
CAPITAL AND RESERVES
Called up share capital | 9 |  | 2 |  | 2
Profit and Loss Account |  |  | 23 |  | 14,141
SHAREHOLDERS' FUNDS |  |  | 25 |  | 14,143

Page 1
Page 2
Gms Telecoms Ltd
Balance Sheet (continued)
As At 31 August 2025
For the year ending 31 August 2025 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 Giovanni Saieva Director
13/11/2025

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Gms Telecoms Ltd
Notes to the Financial Statements
For The Year Ended 31 August 2025
Notes to the Financial Statements
1. General Information
Gms Telecoms Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 15103744 . The registered office is 258 Ansty Road, Coventry, England, CV2 3EZ.
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.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:

Motor Vehicles | 25% on cost
Computer Equipment | 25% on cost

2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
Page 3
Page 4
Gms Telecoms Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
4. Tangible Assets

| Motor Vehicles | Computer Equipment | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 September 2024 | 19,347 | 560 | 19,907
Additions | 2,000 | - | 2,000
As at 31 August 2025 | 21,347 | 560 | 21,907
Depreciation
As at 1 September 2024 | 4,143 | 88 | 4,231
Provided during the period | 4,878 | 140 | 5,018
As at 31 August 2025 | 9,021 | 228 | 9,249
Net Book Value
As at 31 August 2025 | 12,326 | 332 | 12,658
As at 1 September 2024 | 15,204 | 472 | 15,676

5. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 5,897 |  | 3,692
Other debtors | 4,941 |  | 24,225
| 10,838 |  | 27,917

6. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 2,051 |  | 2,051
Trade creditors | - |  | 196
Bank loans and overdrafts | 4,566 |  | 1,858
Other creditors | - |  | 400
Taxation and social security | 13,186 |  | 33,058
| 19,803 |  | 37,563

7. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 4,444 |  | 6,495
Bank loans | 244 |  | 942
| 4,688 |  | 7,437

Page 4
Page 5
Gms Telecoms Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
8. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 2,051 |  | 2,051
Later than one year and not later than five years | 4,444 |  | 6,495
| 6,495 |  | 8,546
| 6,495 |  | 8,546

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 2 |  | 2

10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 September 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 August 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Giovanni Saieva | 132 | (31,405 ) | 29,050 | - | (2,223 )
Mr Mario Saieva | 268 | (30,912 ) | 29,050 | - | (1,594 )

The above loan is unsecured, interest free and repayable on demand.
Page 5