Company Registration No. 10900696 (England and Wales)
GRM Mapping Limited
Unaudited accounts
for the year ended 31 August 2023
GRM Mapping Limited
Unaudited accounts
Contents
GRM Mapping Limited
Company Information
for the year ended 31 August 2023
Directors
R Bennett
M Knowler
G Pook
Company Number
10900696 (England and Wales)
Registered Office
23 Mayfield Road
Gravesend
Kent
DA11 0JR
England
Accountants
MCC Partners
Springhead Enterprise Park
Fleet House, Springhead Road
Ebbsfleet
Kent
DA11 8HJ
GRM Mapping Limited
Statement of financial position
as at 31 August 2023
Tangible assets
7,798
7,413
Cash at bank and in hand
21,139
18,871
Creditors: amounts falling due within one year
(24,132)
(20,455)
Net current assets
28,952
39,551
Total assets less current liabilities
36,750
46,964
Creditors: amounts falling due after more than one year
(479)
(479)
Provisions for liabilities
Deferred tax
(1,481)
(1,408)
Called up share capital
3
3
Profit and loss account
34,787
45,074
Shareholders' funds
34,790
45,077
For the year ending 31 August 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 14 May 2024 and were signed on its behalf by
M Knowler
Director
Company Registration No. 10900696
GRM Mapping Limited
Notes to the Accounts
for the year ended 31 August 2023
GRM Mapping Limited is a private company, limited by shares, registered in England and Wales, registration number 10900696. The registered office is 23 Mayfield Road, Gravesend, Kent, DA11 0JR, 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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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:
Computer equipment
15% on Reducing value
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
GRM Mapping Limited
Notes to the Accounts
for the year ended 31 August 2023
4
Tangible fixed assets
Computer equipment
At 1 September 2022
11,216
Amounts falling due within one year
Trade debtors
29,379
39,135
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
10,251
3,704
Taxes and social security
2,822
764
Other creditors
420
14,725
Loans from directors
3,012
-
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 5 (2022: 5).
