Company Registration No. 09190251 (England and Wales)
GM LUXURY LTD
Unaudited accounts
for the year ended 31 December 2022
GM LUXURY LTD
Unaudited accounts
Contents
GM LUXURY LTD
Company Information
for the year ended 31 December 2022
Company Number
09190251 (England and Wales)
Registered Office
9 Westfield Drive
Harrow
Middlesex
HA3 9EG
England
Accountants
Premium Accounting Service Limited
A4-55 Peel Road, Harrow
Harrow
Middlesex
HA3 7QT
GM LUXURY LTD
Statement of financial position
as at 31 December 2022
Tangible assets
10,958
16,174
Cash at bank and in hand
1,544
1,544
Creditors: amounts falling due within one year
(1,030)
(730)
Net current assets
514
814
Called up share capital
100
100
Profit and loss account
11,372
16,888
Shareholders' funds
11,472
16,988
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 September 2023 and were signed on its behalf by
Arvind Makadia
Director
Company Registration No. 09190251
GM LUXURY LTD
Notes to the Accounts
for the year ended 31 December 2022
GM LUXURY LTD is a private company, limited by shares, registered in England and Wales, registration number 09190251. The registered office is 9 Westfield Drive, Harrow, Middlesex, HA3 9EG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 December 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 January 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Straight line method
Fixtures & fittings
10% Straight line method
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2022
21,269
26,927
3,966
52,162
At 31 December 2022
21,269
26,927
3,966
52,162
At 1 January 2022
16,342
17,502
2,144
35,988
Charge for the year
2,127
2,693
396
5,216
At 31 December 2022
18,469
20,195
2,540
41,204
At 31 December 2022
2,800
6,732
1,426
10,958
At 31 December 2021
4,927
9,425
1,822
16,174
GM LUXURY LTD
Notes to the Accounts
for the year ended 31 December 2022
5
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
(512)
(512)
6
Average number of employees
During the year the average number of employees was 1 (2021: 1).
