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REGISTERED NUMBER: 02640682 (England and Wales)















Gas Data Limited

Financial Statements

for the Year Ended 31 December 2023






Gas Data Limited (Registered number: 02640682)






Contents of the Financial Statements
for the year ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 6


Gas Data Limited

Company Information
for the year ended 31 December 2023







DIRECTORS: C D Cummins
T C Novick





REGISTERED OFFICE: Unit D, Earlplace Business Park
Fletchamstead Highway
Coventry
West Midlands
CV4 9XL





REGISTERED NUMBER: 02640682 (England and Wales)





AUDITORS: Grenfell James Audit LLP
13 The Courtyard
Timothy's Bridge Road
Stratford Upon Avon
Warwickshire
CV37 9NP

Gas Data Limited (Registered number: 02640682)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 416,666 85,269

CURRENT ASSETS
Stocks 983,454 1,143,473
Debtors 5 820,670 827,498
Cash at bank 319,410 300,888
2,123,534 2,271,859
CREDITORS
Amounts falling due within one year 6 3,487,318 2,690,668
NET CURRENT LIABILITIES (1,363,784 ) (418,809 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(947,118

)

(333,540

)

CREDITORS
Amounts falling due after more than one
year

7

(105,627

)

(21,237

)

PROVISIONS FOR LIABILITIES (62,112 ) (15,384 )
NET LIABILITIES (1,114,857 ) (370,161 )

CAPITAL AND RESERVES
Called up share capital 26 26
Capital redemption reserve 74 74
Retained earnings (1,114,957 ) (370,261 )
(1,114,857 ) (370,161 )

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2024 and were signed on its behalf by:




C D Cummins - Director


Gas Data Limited (Registered number: 02640682)

Notes to the Financial Statements
for the year ended 31 December 2023

1. STATUTORY INFORMATION

Gas Data 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.

Going Concern
The financial statements have been prepared on a going concern basis despite the loss before tax this year of £750,695. As at 31 December 2023, excluding intercompany balances, the company had net assets of £1,550,826. The company is reliant on the support of group companies to enable it to continue in operational existence for the foreseeable future.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs have been fully amortised in the current year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - Over the term of the lease
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


Gas Data Limited (Registered number: 02640682)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2022 - 26 ) .

Gas Data Limited (Registered number: 02640682)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 75,089 61,904 513 52,954 190,460
Additions 357,259 57,463 - 1,900 416,622
Disposals - (2,842 ) - - (2,842 )
At 31 December 2023 432,348 116,525 513 54,854 604,240
DEPRECIATION
At 1 January 2023 37,254 27,290 513 40,134 105,191
Charge for year 29,987 9,476 - 7,470 46,933
Eliminated on disposal - (337 ) - - (337 )
Impairments 27,764 8,023 - - 35,787
At 31 December 2023 95,005 44,452 513 47,604 187,574
NET BOOK VALUE
At 31 December 2023 337,343 72,073 - 7,250 416,666
At 31 December 2022 37,835 34,614 - 12,820 85,269

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 337,481 118,780
Amounts owed by group undertakings 209,521 380,056
Other debtors 273,668 328,662
820,670 827,498

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 920 10,558
Trade creditors 66,303 65,392
Amounts owed to group undertakings 3,124,131 2,377,913
Taxation and social security 56,247 39,440
Other creditors 239,717 197,365
3,487,318 2,690,668

Gas Data Limited (Registered number: 02640682)

Notes to the Financial Statements - continued
for the year ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 920
Other creditors 105,627 20,317
105,627 21,237

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 187,670 113,191
Between one and five years 825,149 786,996
In more than five years 849,213 1,070,747
1,862,032 1,970,934

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Edward Grenfell James (Senior Statutory Auditor)
for and on behalf of Grenfell James Audit LLP

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ecotec International Holdings, LLC.

Incorporated in United States of America.