REGISTERED NUMBER: 02798570 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2025

FOR

GMV DISTRIBUTION LIMITED

TRADING AS

GRADED ELECTRICAL DIRECT

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J A Walton

Mrs N P Walton

REGISTERED OFFICE:

Norlea House

Edgar Street

Bolton

BL3 6EX

REGISTERED NUMBER:

02798570 (England and Wales)

ACCOUNTANTS:

Ryans

Chartered Accountants

67 Chorley Old Road

Bolton

BL1 3AJ

FIXED ASSETS

Intangible assets

4

1,842

2,372

Tangible assets

5

12,695

13,057

14,537

15,429

CURRENT ASSETS

Stocks

127,678

190,443

Debtors

109,369

131,231

Cash at bank

18,427

28,175

255,474

349,849

CREDITORS

Amounts falling due within one year

209,543

270,933

NET CURRENT ASSETS

45,931

78,916

TOTAL ASSETS LESS CURRENT LIABILITIES

60,468

94,345

CREDITORS

Amounts falling due after more than one year

(19,630

)

(25,598

)

PROVISIONS FOR LIABILITIES

(1,804

)

(1,873

)

NET ASSETS

39,034

66,874

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

38,934

66,774

SHAREHOLDERS' FUNDS

39,034

66,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st December 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 16th September 2026 and were signed on its behalf by:

J A Walton - Director

1.	STATUTORY INFORMATION

GMV Distribution 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

Revenue, described as turnover, represents the value of goods (net of VAT) provided to customers during the year.

Intangible assets

Stamp duty on lease and the website are being amortised evenly over their estimated useful life of 10 years.

Depreciation

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on cost

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 Statement of Income and Retained Earnings, 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 15 (2024 - 20 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2025

and 31st December 2025

5,292

AMORTISATION

At 1st January 2025

2,920

Amortisation for year

530

At 31st December 2025

3,450

NET BOOK VALUE

At 31st December 2025

1,842

At 31st December 2024

2,372

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st January 2025

45,988

Additions

3,245

At 31st December 2025

49,233

DEPRECIATION

At 1st January 2025

32,931

Charge for year

3,607

At 31st December 2025

36,538

NET BOOK VALUE

At 31st December 2025

12,695

At 31st December 2024

13,057

6.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

28,926

34,142

Between one and five years

30,240

59,166

59,166

93,308

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

8.	ULTIMATE CONTROLLING PARTY

The company is controlled by its directors who own all of the issued share capital.