REGISTERED NUMBER: 09599991 (England and Wales)

GAS SMART (LONDON) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Director:

M P G Bertorelli

Registered office:

2 Tower House

Hoddesdon

Hertfordshire

EN11 8UR

Registered number:

09599991 (England and Wales)

Accountants:

Roberts & Co

Chartered Accountants

2 Tower House

Hoddesdon

Hertfordshire

EN11 8UR

Fixed assets

Tangible assets

4

9,935

13,250

Current assets

Debtors

5

31,734

46,458

Cash at bank

156,035

128,823

187,769

175,281

Creditors

Amounts falling due within one year

6

159,812

151,143

Net current assets

27,957

24,138

Total assets less current liabilities

37,892

37,388

Capital and reserves

Called up share capital

7

110

110

Retained earnings

37,782

37,278

Shareholders' funds

37,892

37,388

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 October 2023 and were signed by:

M P G Bertorelli - Director

1.	Statutory information

Gas Smart (London) 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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 etc

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	Employees and directors

The average number of employees during the year was 2 (2022 - 3 ) .

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 June 2022

and 31 May 2023

23,724

Depreciation

At 1 June 2022

10,474

Charge for year

3,315

At 31 May 2023

13,789

Net book value

At 31 May 2023

9,935

At 31 May 2022

13,250

5.

Debtors: amounts falling due within one year

2023

2022

£

£

Trade debtors

10,078

28,062

Other debtors

21,656

18,396

31,734

46,458

6.

Creditors: amounts falling due within one year

2023

2022

£

£

Trade creditors

4,746

-

Taxation and social security

27,977

20,180

Other creditors

127,089

130,963

159,812

151,143

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

100

Ordinary

£1

100

100

10

A Ordinary

£1

10

10

110

110

8.	Ultimate controlling party

The controlling party is M P G Bertorelli.