GM Consulting (UK) Limited - Period Ending 2023-04-30

GM Consulting (UK) Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 5

GM Consulting (UK) Limited

Company Information

Director

Mr G R Murfet

Registered office

3 Kenilworth Close Wistaston Crewe Cheshire CW2 6SN

Accountants

Alextra Group Limited Chartered Certified Accountants 7-9 Macon Court Crewe Cheshire CW1 6EA

GM Consulting (UK) Limited

(Registration number: 04451352)
Balance Sheet as at 30 April 2023

	Note	2023 £	2022 £
Fixed assets
Tangible assets	4	-	143
Current assets
Debtors	5	-	189
Cash at bank and in hand		1,087	2,803
		1,087	2,992
Creditors: Amounts falling due within one year	6	(14,800)	(12,498)
Net current liabilities		(13,713)	(9,506)
Net liabilities		(13,713)	(9,363)
Capital and reserves
Called up share capital		2	2
Retained earnings		(13,715)	(9,365)
Shareholders' deficit		(13,713)	(9,363)

For the financial year ending 30 April 2023 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 year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 31 August 2023
 

......................................... Mr G R Murfet Director

GM Consulting (UK) Limited

Notes to the Financial Statements for the Year Ended 30 April 2023

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
3 Kenilworth Close
Wistaston
Crewe
Cheshire
CW2 6SN

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by the directors. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

GM Consulting (UK) Limited

Notes to the Financial Statements for the Year Ended 30 April 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% on written down value

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

4	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 May 2022	917	917
Disposals	(917)	(917)
At 30 April 2023	-	-
Depreciation
At 1 May 2022	773	773
Eliminated on disposal	(773)	(773)
At 30 April 2023	-	-
Carrying amount
At 30 April 2023	-	-
At 30 April 2022	143	143

GM Consulting (UK) Limited

Notes to the Financial Statements for the Year Ended 30 April 2023

5

Debtors

Current	2023 £	2022 £
Prepayments	-	189

6

Creditors

Creditors: amounts falling due within one year

	2023 £	2022 £
Due within one year
Taxation and social security	-	535
Accruals and deferred income	1,230	1,067
Other creditors	13,570	10,896
	14,800	12,498