REGISTERED NUMBER: SC562225 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

GMH Accounting Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

9

DIRECTOR:

G M Handley

REGISTERED OFFICE:

Pavilion 3, Suite 2,

St James Business Park

Linwood Road

Paisley

Renfrewshire

PA3 3BB

REGISTERED NUMBER:

SC562225 (Scotland)

ACCOUNTANTS:

GMH Chartered Accountants

Pavilion 3, Suite 2

St James Business Park

Paisley

Renfrewshire

PA3 3BB

FIXED ASSETS

Tangible assets

4

70,193

34,666

CURRENT ASSETS

Stocks

1,206

2,412

Debtors

5

34,338

37,679

Cash at bank and in hand

95,985

82,550

131,529

122,641

CREDITORS

Amounts falling due within one year

6

81,418

79,878

NET CURRENT ASSETS

50,111

42,763

TOTAL ASSETS LESS CURRENT LIABILITIES

120,304

77,429

CREDITORS

Amounts falling due after more than one year

7

(52,535

)

(21,978

)

PROVISIONS FOR LIABILITIES

8

(15,793

)

(7,800

)

NET ASSETS

51,976

47,651

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

51,975

47,650

51,976

47,651

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 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.

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 director and authorised for issue on 4 December 2025 and were signed by:

G M Handley - Director

1.	STATUTORY INFORMATION

GMH Accounting Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

Significant judgements and estimates

The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. The director is of the opinion that due to the nature of the business, work in progress and deferred income are the only critical accounting estimates of judgements used in the preparation of these financial statements.

Turnover

Turnover is measured at the fair value of the services provided as at the financial year end, excluding discounts and value added taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off 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 etc

-

33% on cost and at varying rates on cost

Stocks

Work in progress represents work commenced in the financial year but no fee having been raised. The value of work in progress is determined by considering the fee value less the work to complete.

Financial instruments

Trade and other debtors / creditors

Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs.

Subsequent to initial recognition they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade debtors. If the arrangement constitutes a financing transaction, for example if payment is deferred beyond normal business terms, then it is measured at the present value of future payments discounted at a market rate of interest for a similar debt instrument.

Cash and cash equivalents

Cash and cash equivalents comprise cash balances and call deposits.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised within profit and loss.

For financial assets that are measured at amortised cost, the impairment loss is measured as the difference between the assets carrying amount and the present value of estimated future cash flows discounted at the assets original effective interest rate. If a financial asset has a variable interest rate, the discount rate of measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between the assets carrying amount and the best estimate of the amount that the company would receive for the asset if it were sold at the balance sheet date.

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.

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 9 (2024 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

53,258

Additions

49,492

At 31 March 2025

102,750

DEPRECIATION

At 1 April 2024

18,592

Charge for year

13,965

At 31 March 2025

32,557

NET BOOK VALUE

At 31 March 2025

70,193

At 31 March 2024

34,666

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

Plant and

machinery

etc

£

COST

Additions

44,240

At 31 March 2025

44,240

DEPRECIATION

Charge for year

1,843

At 31 March 2025

1,843

NET BOOK VALUE

At 31 March 2025

42,397

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

20,326

27,112

Other debtors

14,012

10,567

34,338

37,679

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

3,500

3,500

Trade creditors

4,001

4,075

Taxation and social security

17,763

24,028

Other creditors

56,154

48,275

81,418

79,878

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

18,865

21,978

Hire purchase contracts

33,670

-

52,535

21,978

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

4,865

7,978

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

15,793

7,800

Deferred

tax

£

Balance at 1 April 2024

7,800

Charge to Income Statement during year

7,993

Balance at 31 March 2025

15,793

9.	RELATED PARTY DISCLOSURES

As at the balance sheet date, the director was due £223 from the company [2024: £882 due to the company]. No interest is charged on the loan along with no fixed repayment term.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is G M Handley.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of GMH Accounting Limited for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the director of GMH Accounting Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of GMH Accounting Limited and state those matters that we have agreed to state to the director of GMH Accounting Limited in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that GMH Accounting Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of GMH Accounting Limited. You consider that GMH Accounting Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of GMH Accounting Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

GMH Chartered Accountants

Pavilion 3, Suite 2

St James Business Park

Paisley

Renfrewshire

PA3 3BB

4 December 2025