GMM Training & Development Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 09210219 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

GMM TRAINING & DEVELOPMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G M Manterfield

G A Dunne

REGISTERED OFFICE:

36-40 Doncaster Road

Barnsley

South Yorkshire

S70 1TL

REGISTERED NUMBER:

09210219 (England and Wales)

ACCOUNTANTS:

Seaman Herbert & Co

36 - 40 Doncaster Road

Barnsley

South Yorkshire

S70 1TL

FIXED ASSETS

Tangible assets

4

3,840

1,817

CURRENT ASSETS

Debtors

5

13,424

12,744

Cash at bank

18,768

11,966

32,192

24,710

CREDITORS

Amounts falling due within one year

6

28,090

17,356

NET CURRENT ASSETS

4,102

7,354

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,942

9,171

PROVISIONS FOR LIABILITIES

7

730

345

NET ASSETS

7,212

8,826

CAPITAL AND RESERVES

Called up share capital

8

2

Retained earnings

7,210

8,824

SHAREHOLDERS' FUNDS

7,212

8,826

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of
each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections
394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial
statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 21 January 2019 and were signed on its behalf by:

G A Dunne - Director

G M Manterfield - Director

1.	STATUTORY INFORMATION

GMM Training & Development Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on reducing balance

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, except

to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 2 ).

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

COST

At 1 October 2017

1,865

159

2,024

Additions

1,480

845

2,325

At 30 September 2018

3,345

1,004

4,349

DEPRECIATION

At 1 October 2017

127

80

207

Charge for year

185

117

302

At 30 September 2018

312

197

509

NET BOOK VALUE

At 30 September 2018

3,033

807

3,840

At 30 September 2017

1,738

79

1,817

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Trade debtors

13,140

2,744

Other debtors

-

10,000

Prepayments

284

-

13,424

12,744

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

Trade creditors

2,378

983

Tax

9,867

6,615

VAT

7,896

2,556

Directors' current accounts

6,799

6,152

Accrued expenses

1,150

1,050

28,090

17,356

7.	PROVISIONS FOR LIABILITIES

2018

2017

£

Deferred tax

730

345

Deferred

tax

£

Balance at 1 October 2017

345

Provided during year

385

Balance at 30 September 2018

730

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

2

Ordinary

£1

2

9.	ULTIMATE CONTROLLING PARTY

The directors hold 100% of the issued shared capital.