GMCARSALES LTD - Accounts

GMCARSALES LTD
Contents Page
For the Period 01 August 2024 to 31 January 2026

Statement of Financial Position	1
Notes to the Financial Statements	2

GMCARSALES LTD
Statement of Financial Position
As at 31 January 2026

	Notes	2026 £	2024 £
Current assets
Stocks		40,000	40,000
Cash at bank and in hand		0	386
		40,000	40,386
Creditors: amount falling due within one year		(12,970)	(55,011)
Net current assets		27,030	(14,625)

Total assets less current liabilities		27,030	(14,625)
Creditors: amount falling due after more than one year		(106,299)	(17,145)
Accruals and deferred income		(555)	0
Net assets		(79,824)	(31,770)

Capital and reserves
Called up share capital	3	1	1
Profit and loss account		(79,825)	(31,771)
Shareholders' funds		(79,824)	(31,770)

For the period ended 31 January 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 29 October 2026 and were signed by:

-------------------------------
Ghulam Murtaza Qureshi
Director

1

GMCARSALES LTD
Notes to the Abridged Financial Statements
For the Period 01 August 2024 to 31 January 2026

General Information

GMCARSALES LTD is a private company, limited by shares, registered in England and Wales, registration number 13534719, registration address 5 Brunswick Road, Sparkbrook, Birmingham, England, B12 8NP.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the period was 2 (2024 : 2).

3.

Share Capital

Allotted, called up and fully paid	2026 £		2024 £
1 Class A share of £1.00 each	1		1
	1		1

2