G-Mac Power Packs Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: NI631634

G-Mac Power Packs Ltd

Filleted Unaudited Financial Statements

31 March 2025

G-Mac Power Packs Ltd

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	5,402	11,383

Current assets

Debtors	6	110,030	210,649
Cash at bank and in hand		215,571	169,973
		---------	---------
		325,601	380,622

Creditors: amounts falling due within one year	7	143,622	186,674
		---------	---------
Net current assets		181,979	193,948
		---------	---------
Total assets less current liabilities		187,381	205,331

Provisions	1,123	2,679
	---------	---------
Net assets	186,258	202,652
	---------	---------

Capital and reserves

Called up share capital	2	2
Profit and loss account	186,256	202,650
	---------	---------
Shareholders funds	186,258	202,652
	---------	---------

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 31 March 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 .

G-Mac Power Packs Ltd

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 15 December 2025 , and are signed on behalf of the board by:

Mr G McAleer	Mrs L McAleer
Director	Director

Company registration number: NI631634

G-Mac Power Packs Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 10b Lisnaharney Road, Omagh, County Tyrone, BT79 7UE. The principal activity of the company is the sub-contracting of engineering parts.

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.

Going concern

The coronavirus pandemic has significantly disrupted individuals' personal lives and businesses' economic prospects in the UK and across the global. The UK entered lockdown in March 2020 and some restrictions and social distancing provisions remain in place. The effect of COVID-19 on the company has been a reduction in budgeted sales, however the directors continue to prepare the accounts on a going concern basis and deem this appropriate. No material uncertainty about going concern status currently exists. In making this assessment the directors have considered the likely trading conditions for a period of twelve months from the date of approval.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the exemption for presenting a cash flow statement.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

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:

Plant and machinery	-	15% straight line
Fixtures and fittings	-	15% straight line

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 40 (2024: 40 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	51,518	2,586	54,104
	--------	-------	--------
Depreciation
At 1 April 2024	40,135	2,586	42,721
Charge for the year	5,981	–	5,981
	--------	-------	--------
At 31 March 2025	46,116	2,586	48,702
	--------	-------	--------
Carrying amount
At 31 March 2025	5,402	–	5,402
	--------	-------	--------
At 31 March 2024	11,383	–	11,383
	--------	-------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	110,029	210,649
Other debtors	1	–
	---------	---------
	110,030	210,649
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	23,430	34,059
Social security and other taxes	74,348	126,711
Other creditors	45,844	25,904
	---------	---------
	143,622	186,674
	---------	---------

8. Directors' advances, credits and guarantees

During the year the directors advanced to the company £19,940. The amount owed to the directors at the year end was £45,844. (2024: £25,904).