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GAS STRUT ENGINEERING LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31ST MAY 2024






GAS STRUT ENGINEERING LIMITED (REGISTERED NUMBER: 06091681)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

GAS STRUT ENGINEERING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTOR: M J Lacey





SECRETARY: M J Lacey





REGISTERED OFFICE: First Floor, Woburn Court
2 Railton Road,
Woburn Road Industrial Estate, Kempston
Bedford
MK42 7PN





REGISTERED NUMBER: 06091681 (England and Wales)





ACCOUNTANTS: HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN

GAS STRUT ENGINEERING LIMITED (REGISTERED NUMBER: 06091681)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 85,060 53,946
85,060 53,946

CURRENT ASSETS
Stocks 185,000 175,000
Debtors 6 330,477 339,500
Cash at bank and in hand 329,716 1,034,780
845,193 1,549,280
CREDITORS
Amounts falling due within one year 7 479,876 982,803
NET CURRENT ASSETS 365,317 566,477
TOTAL ASSETS LESS CURRENT
LIABILITIES

450,377

620,423

PROVISIONS FOR LIABILITIES 21,034 13,205
NET ASSETS 429,343 607,218

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 429,243 607,118
SHAREHOLDERS' FUNDS 429,343 607,218

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

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

GAS STRUT ENGINEERING LIMITED (REGISTERED NUMBER: 06091681)

BALANCE SHEET - continued
31ST 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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 23rd September 2024 and were signed by:





M J Lacey - Director


GAS STRUT ENGINEERING LIMITED (REGISTERED NUMBER: 06091681)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

Gas Strut Engineering 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

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.

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 - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 33% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

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.


GAS STRUT ENGINEERING LIMITED (REGISTERED NUMBER: 06091681)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

2. ACCOUNTING POLICIES - continued
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.

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.

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 15 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st June 2023
and 31st May 2024 800,000
AMORTISATION
At 1st June 2023
and 31st May 2024 800,000
NET BOOK VALUE
At 31st May 2024 -
At 31st May 2023 -

GAS STRUT ENGINEERING LIMITED (REGISTERED NUMBER: 06091681)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st June 2023 13,900 135,897 15,224
Additions - 58,330 -
At 31st May 2024 13,900 194,227 15,224
DEPRECIATION
At 1st June 2023 13,900 111,345 12,131
Charge for year - 18,809 773
At 31st May 2024 13,900 130,154 12,904
NET BOOK VALUE
At 31st May 2024 - 64,073 2,320
At 31st May 2023 - 24,552 3,093

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1st June 2023 55,389 14,618 235,028
Additions - - 58,330
At 31st May 2024 55,389 14,618 293,358
DEPRECIATION
At 1st June 2023 32,307 11,399 181,082
Charge for year 5,771 1,863 27,216
At 31st May 2024 38,078 13,262 208,298
NET BOOK VALUE
At 31st May 2024 17,311 1,356 85,060
At 31st May 2023 23,082 3,219 53,946

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 322,620 316,409
Doubtful debt provision - (85 )
Other debtors - 16,000
Prepayments and accrued income 7,857 7,176
330,477 339,500

GAS STRUT ENGINEERING LIMITED (REGISTERED NUMBER: 06091681)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 106,751 91,204
Amounts owed to group undertakings 199,298 730,842
Corporation tax 99,914 90,389
Social security and other taxes 4,894 4,759
VAT 48,664 46,834
Other creditors 1,208 1,130
Accruals and deferred income 19,147 17,645
479,876 982,803

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 ORDINARY £1 100 100

9. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements 27,000 27,000

10. OTHER FINANCIAL COMMITMENTS

At the balance sheet date, the company had other financial commitments of £2,112 (2023 : £4,224).

11. ULTIMATE PARENT COMPANY

The ultimate parent company at the balance sheet date was Gas Strut Engineering Holdings Limited. Their registered office is First Floor, Woburn Court, 2 Railton Road, Woburn Road Industrial Estate, Kempston, Bedfordshire, MK42 7PN

The company does not prepare consolidated statements, taking advantage of the exemption under Section 399(2A) of the Companies Act 2006.

ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
GAS STRUT ENGINEERING LIMITED

The following reproduces the text of the report prepared for the director 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 Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gas Strut Engineering Limited for the year ended 31st May 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Gas Strut Engineering Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gas Strut Engineering Limited and state those matters that we have agreed to state to the director of Gas Strut Engineering Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Gas Strut Engineering Limited and its director for our work or for this report.

It is your duty to ensure that Gas Strut Engineering Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Gas Strut Engineering Limited. You consider that Gas Strut Engineering Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gas Strut Engineering Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






HW Bedford Limited
Trading as Haines Watts
First Floor, Woburn Court
2 Railton Road
Woburn Rd Ind Est
Kempston
Bedfordshire
MK42 7PN


26th September 2024