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REGISTERED NUMBER: 14600475 (England and Wales)















North London Gas Services Ltd

Unaudited Financial Statements for the Year Ended 31 December 2024






North London Gas Services Ltd (Registered number: 14600475)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


North London Gas Services Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: F Tarja





REGISTERED OFFICE: 32 Westgate Court
Waltham Cross
EN8 8RZ





REGISTERED NUMBER: 14600475 (England and Wales)





ACCOUNTANTS: Happy Accountants

North London Gas Services Ltd (Registered number: 14600475)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,764 23,499

CURRENT ASSETS
Debtors 5 5,354 1,000
Cash at bank and in hand 132,608 74,002
137,962 75,002
CREDITORS
Amounts falling due within one year 6 70,572 60,590
NET CURRENT ASSETS 67,390 14,412
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,154

37,911

PROVISIONS FOR LIABILITIES 5,441 -
NET ASSETS 83,713 37,911

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 83,613 37,811
SHAREHOLDERS' FUNDS 83,713 37,911

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

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

North London Gas Services Ltd (Registered number: 14600475)

Balance Sheet - continued
31 December 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 25 April 2025 and were signed by:





F Tarja - Director


North London Gas Services Ltd (Registered number: 14600475)

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

1. STATUTORY INFORMATION

North London Gas Services 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.

Turnover
Revenue represents the net value of invoiced services provided, being net of value added tax, returns, rebates and discounts.

Revenue for services is recognised when it is probable that the economic benefit of the transaction will flow to the entity, and the revenue and costs related to the transaction can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured using the percentage of completion method.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 10% on reducing balance
Computer equipment - 20% on cost

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.

North London Gas Services Ltd (Registered number: 14600475)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 25,999
Additions 894
At 31 December 2024 26,893
DEPRECIATION
At 1 January 2024 2,500
Charge for year 2,629
At 31 December 2024 5,129
NET BOOK VALUE
At 31 December 2024 21,764
At 31 December 2023 23,499

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 1,176 -
Other debtors 4,178 1,000
5,354 1,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 6,575 -
Taxation and social security 32,722 21,242
Other creditors 31,275 39,348
70,572 60,590

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
100 Ordinary £1 100 100

North London Gas Services Ltd (Registered number: 14600475)

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

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is F Tarja.