Registration number: 04468303

GMG Project & Cost Consultants Ltd

Contents

Balance Sheet	1 to 2
Statement of Changes in Equity	3
Notes to the Unaudited Financial Statements	4 to 6

GMG Project & Cost Consultants Ltd

(Registration number: 04468303)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	3,614	4,467
Current assets
Debtors	5	30,419	74,749
Cash at bank and in hand		1,058,955	620,732
		1,089,374	695,481
Creditors: Amounts falling due within one year	6	(270,954)	(149,574)
Net current assets		818,420	545,907
Total assets less current liabilities		822,034	550,374
Provisions for liabilities		(903)	(1,116)
Net assets		821,131	549,258
Capital and reserves
Called up share capital		33	33
Retained earnings		821,098	549,225
Shareholders' funds		821,131	549,258

GMG Project & Cost Consultants Ltd

(Registration number: 04468303)
Balance Sheet as at 31 July 2025

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 20 April 2026
 

......................................... Mr M Attwood Director

GMG Project & Cost Consultants Ltd

Statement of Changes in Equity for the Year Ended 31 July 2025

	Share capital £	Retained earnings £	Total £
At 1 August 2024	33	549,225	549,258
Profit for the year	-	331,873	331,873
Dividends	-	(60,000)	(60,000)
At 31 July 2025	33	821,098	821,131

	Share capital £	Retained earnings £	Total £
At 1 August 2023	66	1,165,869	1,165,935
Profit for the year	-	249,323	249,323
Dividends	-	(126,000)	(126,000)
Purchase of own share capital	(33)	(739,967)	(740,000)
At 31 July 2024	33	549,225	549,258

GMG Project & Cost Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Keele Centre
Three Mile Lane
Keele
Newcastle-under-Lyme
Staffordshire
ST5 5HH

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of project management and surveying services. Turnover is shown net of value added tax, and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

GMG Project & Cost Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant & machinery	25% reducing balance
Office equipment	15% reducing balance

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2024 - 4).

GMG Project & Cost Consultants Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

4	Tangible assets

	Plant & Machinery £	Office Equipment £	Total £
Cost or valuation
At 1 August 2024	10,883	12,219	23,102
At 31 July 2025	10,883	12,219	23,102
Depreciation
At 1 August 2024	8,236	10,399	18,635
Charge for the year	398	455	853
At 31 July 2025	8,634	10,854	19,488
Carrying amount
At 31 July 2025	2,249	1,365	3,614
At 31 July 2024	2,647	1,820	4,467

5

Debtors

Current	2025 £	2024 £
Trade debtors	27,471	66,671
Prepayments	2,948	3,705
Other debtors	-	4,373
	30,419	74,749

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	480	2,327
Taxation and social security	126,576	112,831
Other creditors	143,898	34,416
	270,954	149,574