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Company Registration No. 15414137 (England and Wales)
Gm Optical Ltd Unaudited accounts for the period from 1 February 2025 to 31 December 2025
Gm Optical Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Gm Optical Ltd Company Information for the period from 1 February 2025 to 31 December 2025
Director
Mohammed Gohar Majid
Company Number
15414137 (England and Wales)
Registered Office
416 Reddish Road Stockport SK5 7AA England
Accountants
CLEARCUT ACCOUNTING LIMITED SUITE 2 PARKWAY 5 PARKWAY BUSINESS CENT 300 PRINCESS ROAD MANCHESTER M14 7HR
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Gm Optical Ltd Statement of financial position as at 31 December 2025
31/12/2025
31/01/2025
Notes
£
£
Fixed assets
Intangible assets
4
59,850
-
Tangible assets
5
112,267
-
172,117
-
Current assets
Inventories
8,000
-
Debtors
6
11,188
1
Cash at bank and in hand
64,859
-
84,047
1
Creditors: amounts falling due within one year
7
(15,353)
-
Net current assets
68,694
1
Total assets less current liabilities
240,811
1
Creditors: amounts falling due after more than one year
8
(278,033)
-
Net (liabilities)/assets
(37,222)
1
Capital and reserves
Called up share capital
9
1
1
Profit and loss account
(37,223)
-
Shareholders' funds
(37,222)
1
For the period ending 31 December 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 20 April 2026 and were signed on its behalf by
Mohammed Gohar Majid Director Company Registration No. 15414137
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Gm Optical Ltd Notes to the Accounts for the period from 1 February 2025 to 31 December 2025
1
Statutory information
Gm Optical Ltd is a private company, limited by shares, registered in England and Wales, registration number 15414137. The registered office is 416 Reddish Road, Stockport, SK5 7AA, 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 period, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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
15% RB
Fixtures & fittings
15% RB
Computer equipment
20% SL
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Gm Optical Ltd Notes to the Accounts for the period from 1 February 2025 to 31 December 2025
4
Intangible fixed assets
Goodwill
£
Cost
At 1 February 2025
-
Additions
66,500
At 31 December 2025
66,500
Amortisation
At 1 February 2025
-
Charge for the period
6,650
At 31 December 2025
6,650
Net book value
At 31 December 2025
59,850
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 February 2025
-
-
-
-
Additions
104,500
19,000
9,115
132,615
At 31 December 2025
104,500
19,000
9,115
132,615
Depreciation
Charge for the period
15,675
2,850
1,823
20,348
At 31 December 2025
15,675
2,850
1,823
20,348
Net book value
At 31 December 2025
88,825
16,150
7,292
112,267
6
Debtors
31/12/2025
31/01/2025
£
£
Amounts falling due within one year
VAT
3,687
-
Other debtors
7,501
1
11,188
1
7
Creditors: amounts falling due within one year
31/12/2025
31/01/2025
£
£
Trade creditors
15,486
-
Taxes and social security
(107)
-
Other creditors
(26)
-
15,353
-
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Gm Optical Ltd Notes to the Accounts for the period from 1 February 2025 to 31 December 2025
8
Creditors: amounts falling due after more than one year
31/12/2025
31/01/2025
£
£
Bank loans
278,033
-
9
Share capital
31/12/2025
31/01/2025
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Average number of employees
During the period the average number of employees was 6 (31/01/2025: 0).
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