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Company Registration No. 07770371 (England and Wales)
GASMAN PROFESSIONALS LTD Unaudited accounts for the year ended 31 March 2024
GASMAN PROFESSIONALS LTD Unaudited accounts Contents
Page
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GASMAN PROFESSIONALS LTD Company Information for the year ended 31 March 2024
Director
MR DAVID JOSEPH OATES
Company Number
07770371 (England and Wales)
Registered Office
21, Boynton Crescent, Sheffield South Yorkshire S5 7HH
Accountants
TITUS ABAYOMI ASSOCIATES 12 ASHLEIGH DRIVE SHEFFIELD SOUTH YORKSHIRE S12 2SA
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GASMAN PROFESSIONALS LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,114 
2,578 
Current assets
Cash at bank and in hand
9,579 
25,407 
Creditors: amounts falling due within one year
(1,534)
(1,513)
Net current assets
8,045 
23,894 
Total assets less current liabilities
10,159 
26,472 
Creditors: amounts falling due after more than one year
(6,380)
(7,809)
Net assets
3,779 
18,663 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,679 
18,563 
Shareholders' funds
3,779 
18,663 
For the year ending 31 March 2024 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 13 August 2024 and were signed on its behalf by
MR DAVID JOSEPH OATES Director Company Registration No. 07770371
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GASMAN PROFESSIONALS LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
GASMAN PROFESSIONALS LTD is a private company, limited by shares, registered in England and Wales, registration number 07770371. The registered office is 21, Boynton Crescent,, Sheffield , South Yorkshire, S5 7HH.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Stocks
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Pension costs
Contributions in respect of the company's defined contribution pension scheme are charged to the profit and loss account for the year in which they are payable to the scheme. Differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
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GASMAN PROFESSIONALS LTD Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 April 2023
16,585 
At 31 March 2024
16,585 
Depreciation
At 1 April 2023
14,007 
Charge for the year
464 
At 31 March 2024
14,471 
Net book value
At 31 March 2024
2,114 
At 31 March 2023
2,578 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
1,534 
1,513 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,380 
7,809 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £133 each
133 
133 
1 Ordinary shares of £(33) each
(33)
(33)
100 
100 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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