REGISTERED NUMBER: SC364530 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

GM AUTOMOTO LTD

Page

Abridged Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

485,495

608,611

CURRENT ASSETS

Debtors

13,747

47,930

Cash at bank

9,331

42,227

23,078

90,157

CREDITORS

Amounts falling due within one year

346,373

319,848

NET CURRENT LIABILITIES

(323,295

)

(229,691

)

TOTAL ASSETS LESS CURRENT LIABILITIES

162,200

378,920

CREDITORS

Amounts falling due after more than one year

212,642

241,316

NET (LIABILITIES)/ASSETS

(50,442

)

137,604

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

(50,444

)

137,602

(50,442

)

137,604

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

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

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

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 8 October 2026 and were signed by:

G Macdonald - Director

1.	STATUTORY INFORMATION

Gm Automoto Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number:

SC364530

Registered office:

Blackton Workshops

Blacktongue Farm Road

Airdrie

ML6 7TX

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 and revenue recognition

Turnover represents net invoiced sales of goods and services, excluding VAT. Revenue is recognised when goods and services are provided to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Motor vehicles

-

10% on cost

Computer equipment

-

25% on cost

Financial instruments

The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments.

Basic financial instruments are initially recognised at transaction value and subsequently measured at their

settlement value.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 NIL (2024 - 2 ).

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2025

657,010

Additions

147,500

Disposals

(233,837

)

At 31 December 2025

570,673

DEPRECIATION

At 1 January 2025

48,399

Charge for year

53,489

Eliminated on disposal

(16,710

)

At 31 December 2025

85,178

NET BOOK VALUE

At 31 December 2025

485,495

At 31 December 2024

608,611

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 January 2025

526,860

Additions

147,500

At 31 December 2025

674,360

DEPRECIATION

At 1 January 2025

29,428

Charge for year

49,917

Eliminated on disposal

(5,081

)

At 31 December 2025

74,264

NET BOOK VALUE

At 31 December 2025

600,096

At 31 December 2024

497,432

5.	RELATED PARTY DISCLOSURES

Included within "Other creditors" is a balance of £49,821 (2023: £55,311) due from a company in which the director has common ownership of. The is no interest involved in any related party transactions.