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REGISTERED NUMBER: 10747317 (England and Wales)












Financial Statements

for the Year Ended 31 May 2024

for

GAS TECH UTILITIES LTD

GAS TECH UTILITIES LTD (REGISTERED NUMBER: 10747317)






Contents of the Financial Statements
for the Year Ended 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

GAS TECH UTILITIES LTD

Company Information
for the Year Ended 31 MAY 2024







DIRECTORS: Mr G Harradine
Mrs S A Harradine





REGISTERED OFFICE: 17 The Avenue
March
Cambridgeshire
PE15 9PS





REGISTERED NUMBER: 10747317 (England and Wales)





ACCOUNTANTS: Robson Downing
26 Bolingbroke Road
Norwich
Norfolk
NR3 2SH

GAS TECH UTILITIES LTD (REGISTERED NUMBER: 10747317)

Balance Sheet
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 413,870 396,109
Investment property 5 2,422,849 1,216,032
2,836,719 1,612,141

CURRENT ASSETS
Debtors 6 131,692 164,273
Cash at bank 1,066,583 1,155,605
1,198,275 1,319,878
CREDITORS
Amounts falling due within one year 7 624,800 423,041
NET CURRENT ASSETS 573,475 896,837
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,410,194

2,508,978

PROVISIONS FOR LIABILITIES 84,331 52,477
NET ASSETS 3,325,863 2,456,501

CAPITAL AND RESERVES
Called up share capital 200 200
Fair value reserve 8 127,415 -
Retained earnings 3,198,248 2,456,301
3,325,863 2,456,501

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

GAS TECH UTILITIES LTD (REGISTERED NUMBER: 10747317)

Balance Sheet - continued
31 MAY 2024


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 30 August 2024 and were signed on its behalf by:





Mr G Harradine - Director


GAS TECH UTILITIES LTD (REGISTERED NUMBER: 10747317)

Notes to the Financial Statements
for the Year Ended 31 MAY 2024

1. STATUTORY INFORMATION

Gas Tech Utilities Ltd 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 as modified by the revaluation of certain assets.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 3 (2023 - 4 ) .

GAS TECH UTILITIES LTD (REGISTERED NUMBER: 10747317)

Notes to the Financial Statements - continued
for the Year Ended 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 259,523 349,495 24,445 633,463
Additions 125,577 16,500 10,260 152,337
Disposals (11,522 ) (12,542 ) - (24,064 )
At 31 May 2024 373,578 353,453 34,705 761,736
DEPRECIATION
At 1 June 2023 102,416 111,617 23,321 237,354
Charge for year 55,826 61,243 4,544 121,613
Charge written back (7,966 ) (3,135 ) - (11,101 )
At 31 May 2024 150,276 169,725 27,865 347,866
NET BOOK VALUE
At 31 May 2024 223,302 183,728 6,840 413,870
At 31 May 2023 157,107 237,878 1,124 396,109

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 1,216,032
Additions 1,079,402
Revaluations 127,415
At 31 May 2024 2,422,849
NET BOOK VALUE
At 31 May 2024 2,422,849
At 31 May 2023 1,216,032

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2022 1,630,000
Valuation in 2023 (413,968 )
Valuation in 2024 1,206,817
2,422,849

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 115,775 132,335
Amounts owed by participating interests 15,917 15,917
Other debtors - 16,021
131,692 164,273

GAS TECH UTILITIES LTD (REGISTERED NUMBER: 10747317)

Notes to the Financial Statements - continued
for the Year Ended 31 MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 107,746 112,756
Taxation and social security 514,229 305,389
Other creditors 2,825 4,896
624,800 423,041

8. RESERVES
Fair
value
reserve
£   
Revaluations 127,415

At 31 May 2024 127,415

GAS TECH UTILITIES LTD

Report of the Accountants to the Directors of
Gas Tech Utilities Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Robson Downing
26 Bolingbroke Road
Norwich
Norfolk
NR3 2SH


30 August 2024