REGISTERED NUMBER: 07670636 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

G.M.S. ADAPTATIONS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G M Stacey

Mrs M Stacey

A Thomas

REGISTERED OFFICE:

Unit A6

Chaucer Business Park

Dittons Road

Polegate

East Sussex

BN26 6QH

REGISTERED NUMBER:

07670636 (England and Wales)

ACCOUNTANTS:

MDJ Services Limited

Unit A6

Chaucer Business Park

Dittons Road

Polegate

East Sussex

BN26 6QH

FIXED ASSETS

Tangible assets

4

161,448

146,785

Investments

5

-

-

161,448

146,785

CURRENT ASSETS

Stocks

89,200

181,664

Debtors

6

564,411

506,978

Cash at bank

171,491

150,401

825,102

839,043

CREDITORS

Amounts falling due within one year

7

285,679

317,401

NET CURRENT ASSETS

539,423

521,642

TOTAL ASSETS LESS CURRENT LIABILITIES

700,871

668,427

CREDITORS

Amounts falling due after more than one year

8

(99,072

)

(122,377

)

PROVISIONS FOR LIABILITIES

(11,223

)

(24,092

)

NET ASSETS

590,576

521,958

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

590,574

521,956

SHAREHOLDERS' FUNDS

590,576

521,958

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 December 2025 and were signed on its behalf by:

G M Stacey - Director

1.	STATUTORY INFORMATION

G.M.S. Adaptations Ltd 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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 21 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

3,765

4,396

349,491

3,079

360,731

Additions

-

286

58,496

-

58,782

Disposals

-

-

(19,362

)

-

(19,362

)

At 31 March 2025

3,765

4,682

388,625

3,079

400,151

DEPRECIATION

At 1 April 2024

1,628

2,622

207,022

2,674

213,946

Charge for year

303

282

39,852

118

40,555

Eliminated on disposal

-

-

(15,798

)

-

(15,798

)

At 31 March 2025

1,931

2,904

231,076

2,792

238,703

NET BOOK VALUE

At 31 March 2025

1,834

1,778

157,549

287

161,448

At 31 March 2024

2,137

1,774

142,469

405

146,785

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 April 2024

273,511

Additions

58,496

Transfer to ownership

(44,984

)

At 31 March 2025

287,023

DEPRECIATION

At 1 April 2024

142,887

Charge for year

35,361

Transfer to ownership

(33,088

)

At 31 March 2025

145,160

NET BOOK VALUE

At 31 March 2025

141,863

At 31 March 2024

130,624

5.	FIXED ASSET INVESTMENTS

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

GMS Property & Developments Ltd

Registered office: Unit A6 Chaucer Business Park, Dittons Road, Polegate, East Sussex, England, BN26 6QH

Nature of business: Buying and selling of own real estate

%

Class of shares:

holding

Mr G Stacey

50.00

Mrs M Stacey

50.00

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

153,162

163,146

Other debtors

150,099

153,999

Related Company loan

250,794

189,833

VAT

10,356

-

564,411

506,978

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

98,268

52,093

Trade creditors

77,336

135,232

Tax

39,885

51,664

Social security and other taxes

12,700

11,070

VAT

-

8,132

Other creditors

54,574

55,796

Directors' current accounts

366

864

Accrued expenses

2,550

2,550

285,679

317,401

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

99,072

122,377

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire purchase contracts

197,340

174,470

The above liability is secured against the asset to which it relates.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

2

Ordinary

£1

2

2