Gfm International Limited

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

Registered number: 05277889

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		207,501		161,611

			207,501		161,611
CURRENT ASSETS
Stocks	5	250		250
Debtors	6	149,974		264,752
Cash at bank and in hand		443,241		235,824

		593,465		500,826
Creditors: Amounts Falling Due Within One Year	7	(394,662 )		(384,630 )

NET CURRENT ASSETS (LIABILITIES)			198,803		116,196

TOTAL ASSETS LESS CURRENT LIABILITIES			406,304		277,807

Creditors: Amounts Falling Due After More Than One Year	8		(57,833 )		(57,729 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(51,875 )		(30,706 )

NET ASSETS			296,596		189,372

CAPITAL AND RESERVES
Called up share capital	10		103		103
Profit and Loss Account			296,493		189,269

SHAREHOLDERS' FUNDS			296,596		189,372

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Gfm International Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 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 G Key

Director

19 December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Gfm International Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05277889 . The registered office is 5 Bramleys Barn, The Menagerie Escrick Park Estate, Escrick, York, YO19 6ET.

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% reducing balance
Fixtures & Fittings	25% straight line

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. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

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Gfm International Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.7. 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. 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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 6 (2024: 5)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 April 2024	189,459	120,798	310,257
Additions	76,313	44,796	121,109
Disposals	-	(1,500 )	(1,500 )

As at 31 March 2025	265,772	164,094	429,866

Depreciation
As at 1 April 2024	70,076	78,570	148,646
Provided during the period	48,924	26,295	75,219
Disposals	-	(1,500 )	(1,500 )

As at 31 March 2025	119,000	103,365	222,365

Net Book Value
As at 31 March 2025	146,772	60,729	207,501

As at 1 April 2024	119,383	42,228	161,611

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2025	2024
	£	£
Motor Vehicles	107,895	79,939

5. Stocks

	2025	2024
	£	£
Stock	250	250

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Gfm International Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	130,052	261,311
Other debtors	19,922	3,441

	149,974	264,752

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	71,760	21,713
Trade creditors	28,796	107,775
Bank loans and overdrafts	10,000	10,000
Other loans	-	27,500
Other creditors	177,202	110,945
Taxation and social security	106,904	106,697

	394,662	384,630

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

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	56,166	46,062
Bank loans	1,667	11,667

	57,833	57,729

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	71,760	21,713
Later than one year and not later than five years	56,166	46,062
Later than five years	-	-

	127,926	67,775

	127,926	67,775

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	103	103

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