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REGISTERED NUMBER: 10265119 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

GASCOMP LTD

GASCOMP LTD (REGISTERED NUMBER: 10265119)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GASCOMP LTD

Company Information
for the Year Ended 31 October 2024







DIRECTORS: S J Bastin
Ms J L Stone





REGISTERED OFFICE: Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH





REGISTERED NUMBER: 10265119 (England and Wales)





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH

GASCOMP LTD (REGISTERED NUMBER: 10265119)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,169 15,876

CURRENT ASSETS
Debtors 5 33,724 33,138
Cash at bank 51,900 63,921
85,624 97,059
CREDITORS
Amounts falling due within one year 6 59,052 79,849
NET CURRENT ASSETS 26,572 17,210
TOTAL ASSETS LESS CURRENT
LIABILITIES

41,741

33,086

PROVISIONS FOR LIABILITIES 2,644 3,080
NET ASSETS 39,097 30,006

CAPITAL AND RESERVES
Called up share capital 7 3 3
Retained earnings 39,094 30,003
SHAREHOLDERS' FUNDS 39,097 30,006

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

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

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 Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:



Ms J L Stone - Director


GASCOMP LTD (REGISTERED NUMBER: 10265119)

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

1. STATUTORY INFORMATION

Gascomp 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

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 2 (2023 - 2 ) .

GASCOMP LTD (REGISTERED NUMBER: 10265119)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 1,890 8,534 61,237 11,602 83,263
Additions - 1,590 169 1,960 3,719
At 31 October 2024 1,890 10,124 61,406 13,562 86,982
DEPRECIATION
At 1 November 2023 - 7,065 52,564 7,758 67,387
Charge for year - 765 2,210 1,451 4,426
At 31 October 2024 - 7,830 54,774 9,209 71,813
NET BOOK VALUE
At 31 October 2024 1,890 2,294 6,632 4,353 15,169
At 31 October 2023 1,890 1,469 8,673 3,844 15,876

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 23,891 22,886
Prepayments 9,833 10,252
33,724 33,138

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade creditors 2,426 930
Tax 6,888 10,619
VAT 11,382 11,783
Directors' current accounts 10,000 30,000
Accruals and deferred income 27,156 25,317
Accrued expenses 1,200 1,200
59,052 79,849

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
3 Ordinary 1 3 3