Company registration number 10164162 (England and Wales)
GAS APP UK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
GAS APP UK LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
GAS APP UK LIMITED
BALANCE SHEET
AS AT
31 MAY 2024
31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
31,130
54,414
Cash at bank and in hand
115,441
148,676
146,571
203,090
Creditors: amounts falling due within one year
4
(129,778)
(184,448)
Net current assets
16,793
18,642
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
16,791
18,640
Total equity
16,793
18,642

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 10 July 2024
Antony Provan
Director
Company Registration No. 10164162
GAS APP UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 2 -
1
Accounting policies
Company information

Gas App UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is c/o Neal and Co Business Services Limited, Shakespeare Buildings, 26 Cradley Road, Cradley Heath, West Midlands, B64 6AG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Sponsorship subscriptions are recognised on a pro rata basis over the term of the sponsorship.

 

Finance subscriptions are recognised on a pro rata basis, calculated 365 days from the date of the invoice.

1.3
Financial instruments

The following assets and liabilities are classified as financial instruments – trade debtors, trade creditors, bank loans and directors’ loans.

Directors’ loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
4
GAS APP UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 3 -
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
32
6,000
Amounts owed by group undertakings
18,984
41,747
Other debtors
12,114
6,667
31,130
54,414
4
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
41,187
24,883
Other taxation and social security
8,395
6,988
Income received in advance
76,966
149,467
Accruals
3,230
3,110
129,778
184,448
5
Related party transactions
Transactions with related parties

Gas App UK Limited and Plumb App UK limited are 100% wholly owned subsidiaries of PG UK Holdings Limited.

 

In the year, dividends of £125,000 (£100,000 - 2023) were paid to the parent company. As of 31 May 2024, an amount of £18,984 was owed to Gas App UK Limited by PG UK Holdings Limited.

6
Parent company

The ultimate parent company is PG UK Holdings Limited, a company registered in England and Wales.

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