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Registered number: 14868466
MirrorMaze Communications Ltd
Unaudited Financial Statements
For The Year Ended 31 May 2025
GMS FC Limited
1 London Road
Ipswich
Suffolk
IP1 2HA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14868466
31 May 2025 31 May 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 36,000 40,500
Investments 5 1,500,000 -
1,536,000 40,500
CURRENT ASSETS
Debtors 6 5,121,592 4,900,000
Cash at bank and in hand 14,493 46,240
5,136,085 4,946,240
Creditors: Amounts Falling Due Within One Year 7 (1,139 ) (8,260 )
NET CURRENT ASSETS (LIABILITIES) 5,134,946 4,937,980
TOTAL ASSETS LESS CURRENT LIABILITIES 6,670,946 4,978,480
Creditors: Amounts Falling Due After More Than One Year 8 (1,580,000 ) -
NET ASSETS 5,090,946 4,978,480
CAPITAL AND RESERVES
Called up share capital 9 5,374,340 5,100,000
Profit and Loss Account (283,394 ) (121,520 )
SHAREHOLDERS' FUNDS 5,090,946 4,978,480
Page 1
Page 2
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 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 James O'Connor
Director
16th June 2026
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
MirrorMaze Communications Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14868466 . The registered office is 1 London Road, Ipswich, Suffolk, IP1 2HA.
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. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are .... It is amortised to the profit and loss account over its estimated economic life of .... years.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Intangible Assets
Intellectual Property
£
Cost
As at 1 June 2024 45,000
As at 31 May 2025 45,000
Amortisation
As at 1 June 2024 4,500
Provided during the period 4,500
As at 31 May 2025 9,000
Net Book Value
As at 31 May 2025 36,000
As at 1 June 2024 40,500
Page 3
Page 4
5. Investments
Subsidiaries
£
Cost or Valuation
As at 1 June 2024 -
Additions 1,500,000
As at 31 May 2025 1,500,000
Provision
As at 1 June 2024 -
As at 31 May 2025 -
Net Book Value
As at 31 May 2025 1,500,000
As at 1 June 2024 -
6. Debtors
31 May 2025 31 May 2024
£ £
Due within one year
VAT 4,752 -
Called up share capital not paid 5,116,840 4,900,000
5,121,592 4,900,000
7. Creditors: Amounts Falling Due Within One Year
31 May 2025 31 May 2024
£ £
Trade creditors (1 ) -
VAT - 8,260
Accruals and deferred income 1,140 -
1,139 8,260
8. Creditors: Amounts Falling Due After More Than One Year
31 May 2025 31 May 2024
£ £
Amounts owed to subsidiaries 1,580,000 -
9. Share Capital
31 May 2025 31 May 2024
£ £
Called Up Share Capital not Paid 5,116,840 4,900,000
Called Up Share Capital has been paid up 257,500 200,000
Amount of Allotted, Called Up Share Capital 5,374,340 5,100,000
Page 4