G & M MANAGEMENT & ADMINISTRATION SERVICES LIMITED Filleted accounts for Companies House (small and micro)

G & M MANAGEMENT & ADMINISTRATION SERVICES LIMITED Filleted accounts for Companies House (small and micro)

G & M MANAGEMENT & ADMINISTRATION SERVICES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03147587
G & M MANAGEMENT & ADMINISTRATION SERVICES LIMITED
Filleted Unaudited Financial Statements
31 December 2022
G & M MANAGEMENT & ADMINISTRATION SERVICES LIMITED
Statement of Financial Position
31 December 2022
2022
2021
Note
£
£
£
Current assets
Debtors
5
34,617
31,618
Cash at bank and in hand
7,196
36,921
--------
--------
41,813
68,539
Creditors: amounts falling due within one year
6
41,206
41,943
--------
--------
Net current assets
607
26,596
----
--------
Total assets less current liabilities
607
26,596
----
--------
Net assets
607
26,596
----
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
507
26,496
----
--------
Shareholders funds
607
26,596
----
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 26 March 2024 , and are signed on behalf of the board by:
M.L Smulovitch
Director
Company registration number: 03147587
G & M MANAGEMENT & ADMINISTRATION SERVICES LIMITED
Notes to the Financial Statements
Year ended 31 December 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2021: 5 ).
5. Debtors
2022
2021
£
£
Trade debtors
6,017
2,489
Other debtors
28,600
29,129
--------
--------
34,617
31,618
--------
--------
6. Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
120
–
Social security and other taxes
1,504
888
Other creditors
39,582
41,055
--------
--------
41,206
41,943
--------
--------