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Company Registration No. 08433137 (England and Wales)
GK PRIME SERVICES LIMITED Unaudited accounts for the year ended 31 May 2025
GK PRIME SERVICES LIMITED Company Information for the year ended 31 May 2025
Director
Muhammad Raheel
Company Number
08433137 (England and Wales)
Registered Office
1 CHURCH STREET STOURBRIDGE WEST MIDLANDS DY8 1LT ENGLAND
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GK PRIME SERVICES LIMITED Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
(938)
938
Current assets
Debtors
5
81,720
110,212
Cash at bank and in hand
1,443
5,233
83,163
115,445
Creditors: amounts falling due within one year
6
(9,650)
(39,355)
Net current assets
73,513
76,090
Total assets less current liabilities
72,575
77,028
Creditors: amounts falling due after more than one year
7
(23,800)
(27,550)
Net assets
48,775
49,478
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
48,675
49,378
Shareholders' funds
48,775
49,478
For the year ending 31 May 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 February 2026 and were signed on its behalf by
Muhammad Raheel Director Company Registration No. 08433137
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GK PRIME SERVICES LIMITED Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
GK PRIME SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 08433137. The registered office is 1 CHURCH STREET, STOURBRIDGE, WEST MIDLANDS, DY8 1LT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Straightline method
Computer equipment
Straightline method
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 June 2024
8,450
2,124
10,574
Disposals
(8,450)
(2,124)
(10,574)
At 31 May 2025
-
-
-
Depreciation
At 1 June 2024
8,063
1,573
9,636
Charge for the year
387
551
938
On disposals
(8,063)
(1,573)
(9,636)
At 31 May 2025
387
551
938
Net book value
At 31 May 2025
(387)
(551)
(938)
At 31 May 2024
387
551
938
2025
2024
£
£
Carrying amount of land and buildings on cost basis
-
1,559
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GK PRIME SERVICES LIMITED Notes to the Accounts for the year ended 31 May 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
-
1,311
Trade debtors
53,600
106,236
Accrued income and prepayments
28,120
-
Other debtors
-
2,665
81,720
110,212
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
38
-
Trade creditors
-
8,482
Taxes and social security
-
2,418
Other creditors
-
5,000
Loans from directors
9,612
21,472
Accruals
-
1,983
9,650
39,355
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
23,800
27,550
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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