GASA Group Limited 08496506 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is holding company Digita Accounts Production Advanced 6.30.9574.0 false false false false 08496506 2023-04-01 2024-03-31 08496506 2024-03-31 08496506 bus:OrdinaryShareClass1 2024-03-31 08496506 core:RetainedEarningsAccumulatedLosses 2024-03-31 08496506 core:ShareCapital 2024-03-31 08496506 core:CurrentFinancialInstruments 2024-03-31 08496506 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08496506 core:Non-currentFinancialInstruments 2024-03-31 08496506 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 08496506 core:Goodwill 2024-03-31 08496506 core:FurnitureFittingsToolsEquipment 2024-03-31 08496506 core:LandBuildings 2024-03-31 08496506 bus:SmallEntities 2023-04-01 2024-03-31 08496506 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08496506 bus:FilletedAccounts 2023-04-01 2024-03-31 08496506 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08496506 bus:RegisteredOffice 2023-04-01 2024-03-31 08496506 bus:Director1 2023-04-01 2024-03-31 08496506 bus:Director2 2023-04-01 2024-03-31 08496506 bus:Director3 2023-04-01 2024-03-31 08496506 bus:Director4 2023-04-01 2024-03-31 08496506 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 08496506 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08496506 core:Goodwill 2023-04-01 2024-03-31 08496506 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 08496506 core:LandBuildings 2023-04-01 2024-03-31 08496506 core:PlantMachinery 2023-04-01 2024-03-31 08496506 core:AllSubsidiaries 2023-04-01 2024-03-31 08496506 core:ParentEntities 2023-04-01 2024-03-31 08496506 core:Subsidiary1 2023-04-01 2024-03-31 08496506 core:Subsidiary1 1 2023-04-01 2024-03-31 08496506 core:Subsidiary1 countries:England 2023-04-01 2024-03-31 08496506 core:Subsidiary2 2023-04-01 2024-03-31 08496506 core:Subsidiary2 1 2023-04-01 2024-03-31 08496506 core:Subsidiary2 countries:England 2023-04-01 2024-03-31 08496506 core:Subsidiary3 2023-04-01 2024-03-31 08496506 core:Subsidiary3 1 2023-04-01 2024-03-31 08496506 core:Subsidiary3 countries:England 2023-04-01 2024-03-31 08496506 countries:England 2023-04-01 2024-03-31 08496506 2023-03-31 08496506 core:Goodwill 2023-03-31 08496506 core:CostValuation 2023-03-31 08496506 core:FurnitureFittingsToolsEquipment 2023-03-31 08496506 core:LandBuildings 2023-03-31 08496506 2022-04-01 2023-03-31 08496506 2023-03-31 08496506 bus:OrdinaryShareClass1 2023-03-31 08496506 core:RetainedEarningsAccumulatedLosses 2023-03-31 08496506 core:ShareCapital 2023-03-31 08496506 core:CurrentFinancialInstruments 2023-03-31 08496506 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08496506 core:Non-currentFinancialInstruments 2023-03-31 08496506 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 08496506 core:Goodwill 2023-03-31 08496506 core:FurnitureFittingsToolsEquipment 2023-03-31 08496506 core:LandBuildings 2023-03-31 08496506 core:Subsidiary1 1 2022-04-01 2023-03-31 08496506 core:Subsidiary2 1 2022-04-01 2023-03-31 08496506 core:Subsidiary3 1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 08496506

GASA Group Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

GASA Group Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

GASA Group Limited

Company Information

Directors

Mr Geoffrey Desmond Gilbert

Mrs Sonia Gilbert

Miss Amy Claire Gilbert

Mr Adam Thomas Gilbert

Registered office

Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

Accountants

MMO Limited
Chartered Accountants
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN

 

GASA Group Limited

(Registration number: 08496506)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

348,000

391,500

Tangible assets

5

2,717,829

2,897,566

Investments

6

884,673

884,673

 

3,950,502

4,173,739

Current assets

 

Debtors

7

2,332,758

648,808

Cash at bank and in hand

 

222,156

680,352

 

2,554,914

1,329,160

Creditors: Amounts falling due within one year

8

(755,795)

(682,777)

Net current assets

 

1,799,119

646,383

Total assets less current liabilities

 

5,749,621

4,820,122

Creditors: Amounts falling due after more than one year

8

(218,555)

(222,949)

Net assets

 

5,531,066

4,597,173

Capital and reserves

 

Called up share capital

9

200

200

Retained earnings

5,530,866

4,596,973

Shareholders' funds

 

5,531,066

4,597,173

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

GASA Group Limited

(Registration number: 08496506)
Balance Sheet as at 31 March 2024

Approved and authorised by the Board on 26 November 2024 and signed on its behalf by:
 

.........................................
Mr Geoffrey Desmond Gilbert
Director

 

GASA Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Wellesley House
204 London Road
Waterlooville
Hampshire
PO7 7AN
England

The principal place of business is:
The Avenue
Lasham
Alton
GU34 5SU
England

These financial statements were authorised for issue by the Board on 26 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

GASA Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Asset class

Depreciation method and rate

Leasehold land and buldings

nil

Plant and machinery

25% reducing balance

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Goodwill

over 10 years

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

GASA Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

GASA Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Intangible assets

Goodwill
 £

Total
£

Cost or valuation

At 1 April 2023

435,000

435,000

At 31 March 2024

435,000

435,000

Amortisation

At 1 April 2023

43,500

43,500

Amortisation charge

43,500

43,500

At 31 March 2024

87,000

87,000

Carrying amount

At 31 March 2024

348,000

348,000

At 31 March 2023

391,500

391,500

5

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

2,178,618

734,245

2,912,863

At 31 March 2024

2,178,618

734,245

2,912,863

Depreciation

At 1 April 2023

-

15,297

15,297

Charge for the year

-

179,737

179,737

At 31 March 2024

-

195,034

195,034

Carrying amount

At 31 March 2024

2,178,618

539,211

2,717,829

At 31 March 2023

2,178,618

718,948

2,897,566

Included within the net book value of land and buildings above is £2,178,618 (2023 - £2,178,618) in respect of long leasehold land and buildings.
 

 

GASA Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Investments

2024
£

2023
£

Investments in subsidiaries

884,673

884,673

Subsidiaries

£

Cost or valuation

At 1 April 2023

884,673

Provision

Carrying amount

At 31 March 2024

884,673

At 31 March 2023

884,673

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Site-Equip Limited

Wellesley House
204 London Road
Waterlooville
PO7 7AN

England

ordinary £1

100%

100%

Site Build Limited

Wellesley House
204 London Road
Waterlooville
PO7 7AN

England

ordinary £1

100%

100%

E-Toilet Services Limited

Wellesley House
204 London
Waterlooville
PO7 7AN

England

ordinary £1

100%

100%

 

GASA Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Subsidiary undertakings

Site-Equip Limited

The principal activity of Site-Equip Limited is portable sanitation services.

Site Build Limited

The principal activity of Site Build Limited is dormant.

E-Toilet Services Limited

The principal activity of E-Toilet Services Limited is toilet hire.

7

Debtors

Note

2024
£

2023
£

Amounts owed by related parties

11

2,332,558

648,608

Other debtors

 

200

200

 

2,332,758

648,808

 

GASA Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

10

16,000

16,000

Amounts owed to group undertakings and undertakings in which the company has a participating interest

11

510,282

74,969

Other creditors

 

229,513

591,808

 

755,795

682,777

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

218,555

222,949

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

200

200

200

200

       

10

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

218,555

222,949

Current loans and borrowings

2024
£

2023
£

Bank borrowings

16,000

16,000

 

GASA Group Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

11

Related party transactions

Summary of transactions with parent

The Double AG Company Limited own 50% of the share capital of GASA Group Limited
 A dividend of £334,000 (2023 - £150.000) was paid toThe Double AG Company Limited during the year.
 

Summary of transactions with subsidiaries

GASA Group Limited owns 100% of the share capital of Site-Equip Limited and 100% of the share capital of E-Toilet Services Limited.
 Dividends totalling £1,845,000 (2023 - £1,300,000) were received from Site-Equip Limited during the year. Other transactions were undertaken at arms length.