REGISTERED NUMBER: SC376373 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 March 2026

for

GGMT Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Dr G Bruce

REGISTERED OFFICE:

5 Forgan Drive

Drumoig

Fife

KY16 0BF

REGISTERED NUMBER:

SC376373 (Scotland)

ACCOUNTANTS:

Dental Accountants Scotland Ltd

Specialist Dental Accountants & Advisors

Cornerstone House

Station Road

Selkirk

Borders

TD7 5DJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

195,304

183,416

195,304

183,416

CURRENT ASSETS

Stocks

2,612

2,488

Debtors

6

97,441

41,541

Cash at bank and in hand

609,678

704,724

709,731

748,753

CREDITORS

Amounts falling due within one year

7

100,538

255,466

NET CURRENT ASSETS

609,193

493,287

TOTAL ASSETS LESS CURRENT LIABILITIES

804,497

676,703

PROVISIONS FOR LIABILITIES

8

11,127

6,137

NET ASSETS

793,370

670,566

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

793,270

670,466

SHAREHOLDERS' FUNDS

793,370

670,566

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 July 2026 and were signed by:

Dr G Bruce - Director

1.	STATUTORY INFORMATION

GGMT Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2025 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

400,000

AMORTISATION

At 1 April 2025

and 31 March 2026

400,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 April 2025

173,219

90,037

33,200

8,762

305,218

Additions

-

20,994

-

786

21,780

At 31 March 2026

173,219

111,031

33,200

9,548

326,998

DEPRECIATION

At 1 April 2025

16,902

65,881

30,257

8,762

121,802

Charge for year

2,417

6,772

441

262

9,892

At 31 March 2026

19,319

72,653

30,698

9,024

131,694

NET BOOK VALUE

At 31 March 2026

153,900

38,378

2,502

524

195,304

At 31 March 2025

156,317

24,156

2,943

-

183,416

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

46,544

39,930

Directors' current accounts

49,286

-

Prepayments

1,611

1,611

97,441

41,541

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

4,883

8,705

Tax

74,013

63,138

Social security and other taxes

4,437

4,423

Pension cost

713

1,710

Loan - Matthew Bruce

-

49,575

Directors' current accounts

-

125,416

Accrued expenses

16,492

2,499

100,538

255,466

8.	PROVISIONS FOR LIABILITIES

31.3.26

31.3.25

£

£

Deferred tax

11,127

6,137

Deferred

tax

£

Balance at 1 April 2025

6,137

Provided during year

4,990

Balance at 31 March 2026

11,127

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.26

31.3.25

value:

£

£

51

A Ordinary

£1

51

51

39

B Ordinary

£1

39

39

5

C Ordinary

£1

5

5

5

D Ordinary

£1

5

5

100

100

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

31.3.26

31.3.25

£

£

Dr G Bruce

Balance outstanding at start of year

(125,416

)

(139,061

)

Amounts advanced

297,274

139,611

Amounts repaid

(122,572

)

(125,966

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

49,286

(125,416

)

The directors' loan account is repaid fully within 9 months of the year end.