G & M Loft Conversions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04655164 (England and Wales)

Financial Statements

for the Year Ended 31 March 2026

for

G & M Loft Conversions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D J Gilder

W J Martin

Mrs S A Martin

SECRETARY:

Mrs S A Martin

REGISTERED OFFICE:

Cornish Hall

Cornish Hall End

Braintree

Essex

CM7 4JG

REGISTERED NUMBER:

04655164 (England and Wales)

ACCOUNTANTS:

Baverstocks Group Limited

140 Rayne Road

Braintree

Essex

CM7 2QR

FIXED ASSETS

Tangible assets

4

14,249

17,738

CURRENT ASSETS

Stocks

20,683

20,672

Debtors

5

38,874

1,457

Cash at bank

961,142

1,015,669

1,020,699

1,037,798

CREDITORS

Amounts falling due within one year

6

714,315

752,392

NET CURRENT ASSETS

306,384

285,406

TOTAL ASSETS LESS CURRENT
LIABILITIES

320,633

303,144

PROVISIONS FOR LIABILITIES

3,562

4,435

NET ASSETS

317,071

298,709

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

316,071

297,709

SHAREHOLDERS' FUNDS

317,071

298,709

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 directors acknowledge their 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 Board of Directors and authorised for issue on 9 July 2026 and were signed on its behalf by:

D J Gilder - Director

W J Martin - Director

1.	STATUTORY INFORMATION

G & M Loft Conversions Limited is a private company, limited by shares , registered in England and Wales. 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 represents invoiced work done, as adjusted for payments on account, excluding value added tax as appropriate.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 1 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

COST

At 1 April 2025

15,319

45,370

7,381

68,070

Additions

-

1,265

At 31 March 2026

15,319

45,370

8,646

69,335

DEPRECIATION

At 1 April 2025

13,254

30,310

6,768

50,332

Charge for year

519

3,765

470

4,754

At 31 March 2026

13,773

34,075

7,238

55,086

NET BOOK VALUE

At 31 March 2026

1,546

11,295

1,408

14,249

At 31 March 2025

2,065

15,060

613

17,738

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

38,874

1,457

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade creditors

58,691

58,868

Amounts owed to group undertakings

491,642

496,848

Tax

56,957

75,532

Social security and other taxes

48,566

63,075

Other creditors

209

-

Payments on account

51,707

51,679

Directors' loan accounts

1,040

2,080

Accrued expenses

5,503

4,310

714,315

752,392

7.	RELATED PARTY DISCLOSURES

The directors of this company are also directors and shareholders in the parent company, G & M Loft Holdings Limited.

Dividends paid to the parent company in the year were £150,000.

There is an inter-company loan balance shown within creditors due within one year due to G & M Loft Holdings Limited of £491,642 at the balance sheet date. No interest is charged on this loan.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors W J Martin and D JGilder.