GTM Electrical Services Limited

Registered number

04212774

Filleted Abridged Accounts

Year ended 30 June 2025

GTM Electrical Services Limited
Abridged Balance Sheet
as at 30 June 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		154,088			204,440

Current assets
Stocks		10,000			10,000
Debtors		399,723			329,820
Cash at bank and in hand		474,105			506,391
		883,828			846,211

Creditors: amounts falling due within one year		(511,839)			(602,672)

Net current assets			371,989			243,539

Total assets less current liabilities			526,077			447,979


Provisions for liabilities			(38,522)			(50,036)


Net assets			487,555			397,943

Capital and reserves
Called up share capital			100			100
Profit and loss account			487,455			397,843

Shareholders' funds			487,555			397,943

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account 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) of the Companies Act 2006.




D Hambleton
Director
Approved by the board on 17 July 2025

GTM Electrical Services Limited
Notes to the Abridged Accounts
for the year ended 30 June 2025


1	Accounting policies

	Basis of preparation
	The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor vehicles	25% on reducing balance
	Office equipment	20% on cost
	Plant and machinery	20% on reducing balance
	Fixtures and fittings	20% on reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		13		13


3	Intangible fixed assets				£
	Goodwill:

	Cost
	At 1 July 2024				2,500,000
	At 30 June 2025				2,500,000

	Amortisation
	At 1 July 2024				2,500,000
	At 30 June 2025				2,500,000

	Net book value
	At 30 June 2025				-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
					Total
£
	Cost
	At 1 July 2024				425,077
	Additions				1,538
	Disposals				(6,375)
	At 30 June 2025				420,240

	Depreciation
	At 1 July 2024				220,637
	Charge for the year				50,755
	On disposals				(5,240)
	At 30 June 2025				266,152

	Net book value
	At 30 June 2025				154,088
	At 30 June 2024				204,440


5	Other information

	GTM Electrical Services Limited is a private company limited by shares and incorporated in England. Its registered office is:

	Unit 3, Hamer Vale
	Buckley Road
	Rochdale
	Lancashire
	OL12 9BF