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REGISTERED NUMBER: 07238763 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

GASSON GAS LIMITED

GASSON GAS LIMITED (REGISTERED NUMBER: 07238763)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GASSON GAS LIMITED

COMPANY INFORMATION
For The Year Ended 30th April 2024







DIRECTOR: P E Gasson





REGISTERED OFFICE: 225 London Road
Burgess Hill
West Sussex
RH15 9QU





REGISTERED NUMBER: 07238763 (England and Wales)





ACCOUNTANTS: Peter Lawson & Co.
225 London Road
Burgess Hill
West Sussex
RH15 9QU

GASSON GAS LIMITED (REGISTERED NUMBER: 07238763)

BALANCE SHEET
30th April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,239 1,652
1,239 1,652

CURRENT ASSETS
Stocks 150 150
Debtors 6 42,657 55,080
Cash at bank 2 809
42,809 56,039
CREDITORS
Amounts falling due within one year 7 38,968 52,075
NET CURRENT ASSETS 3,841 3,964
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,080

5,616

CREDITORS
Amounts falling due after more than one
year

8

-

(1,665

)

PROVISIONS FOR LIABILITIES (235 ) (313 )
NET ASSETS 4,845 3,638

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 4,795 3,588
SHAREHOLDERS' FUNDS 4,845 3,638

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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.

GASSON GAS LIMITED (REGISTERED NUMBER: 07238763)

BALANCE SHEET - continued
30th April 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5th December 2024 and were signed by:





P E Gasson - Director


GASSON GAS LIMITED (REGISTERED NUMBER: 07238763)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30th April 2024

1. STATUTORY INFORMATION

Gasson Gas 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of three 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.
Plant and machinery etc - 33% on cost and 25% on reducing balance

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

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

GASSON GAS LIMITED (REGISTERED NUMBER: 07238763)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30th April 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st May 2023
and 30th April 2024 20,000
AMORTISATION
At 1st May 2023
and 30th April 2024 20,000
NET BOOK VALUE
At 30th April 2024 -
At 30th April 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st May 2023
and 30th April 2024 18,343
DEPRECIATION
At 1st May 2023 16,691
Charge for year 413
At 30th April 2024 17,104
NET BOOK VALUE
At 30th April 2024 1,239
At 30th April 2023 1,652

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors - 3,268
Other debtors 42,657 51,812
42,657 55,080

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 2,477 5,500
Trade creditors 5,033 9,978
Taxation and social security 15,126 14,643
Other creditors 16,332 21,954
38,968 52,075

GASSON GAS LIMITED (REGISTERED NUMBER: 07238763)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30th April 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans - 1,665

9. CAPITAL COMMITMENTS
30.4.24 30.4.23
£    £   
Contracted but not provided for in the
financial statements - -

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2024 and 30th April 2023:

30.4.24 30.4.23
£    £   
P E Gasson
Balance outstanding at start of year 42,004 44,734
Amounts advanced 741 1,511
Amounts repaid (12,157 ) (4,241 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 30,588 42,004

11. ULTIMATE CONTROLLING PARTY

The controlling party is P E Gasson.