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Company Registration No. 12264799 (England and Wales)
GM Design Services Ltd Unaudited Financial Statements for the year ended 31 October 2025
GM Design Services Ltd Unaudited Financial Statements Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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GM Design Services Ltd Company Information for the year ended 31 October 2025
Director
Gary Millar
Company Number
12264799 (England and Wales)
Registered Office
8 Bollinger Close Northampton Northamptonshire NN5 6EL United Kingdom
Accountants
SMP Accountancy Ltd 24 Lamport Lane Northampton NN2 7DW
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GM Design Services Ltd Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
816
1,021
Current assets
Debtors
5
71,267
38,514
Cash at bank and in hand
45
14,809
71,312
53,323
Creditors: amounts falling due within one year
6
(72,037)
(54,253)
Net current liabilities
(725)
(930)
Net assets
91
91
Capital and reserves
Called up share capital
90
90
Profit and loss account
1
1
Shareholders' funds
91
91
For the year ending 31 October 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 16 July 2026 and were signed on its behalf by
Gary Millar Director Company Registration No. 12264799
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GM Design Services Ltd Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
GM Design Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 12264799. The registered office is 8 Bollinger Close, Northampton, Northamptonshire, NN5 6EL, United Kingdom.
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 year, 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.
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:
Computer equipment
20% Reducing Balance
Deferred taxation
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.
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GM Design Services Ltd Notes to the Accounts for the year ended 31 October 2025
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 November 2024
2,499
At 31 October 2025
2,499
Depreciation
At 1 November 2024
1,478
Charge for the year
205
At 31 October 2025
1,683
Net book value
At 31 October 2025
816
At 31 October 2024
1,021
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
71,267
38,514
6
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
31,069
25,240
Taxes and social security
39,938
27,983
Accruals
1,030
1,030
72,037
54,253
7
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Loan to director
26,895
23,612
-
50,507
26,895
23,612
-
50,507
Market rate interest was charged on overdue amounts and there are no fixed repayment terms.
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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