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GAS DYNAMICS LTD.

Registered Number
04838329
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

GAS DYNAMICS LTD.
Company Information
for the year from 1 August 2023 to 31 July 2024

Directors

CAIN, Terrence Mark, Dr
WALTON, Craig, Dr
ZANCHETTA, Marc Antony, Dr

Company Secretary

CAIN, Terrence Mark, Dr

Registered Address

22 Empress Avenue
Farnborough
Hampshire
GU14 8LX

Registered Number

04838329 (England and Wales)
GAS DYNAMICS LTD.
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets311,88312,415
11,88312,415
Current assets
Debtors4158,12225,445
Cash at bank and on hand178,50374,092
336,62599,537
Creditors amounts falling due within one year5(180,884)(63,002)
Net current assets (liabilities)155,74136,535
Total assets less current liabilities167,62448,950
Net assets167,62448,950
Capital and reserves
Called up share capital3,0003,000
Profit and loss account164,62445,950
Shareholders' funds167,62448,950
The financial statements were approved and authorised for issue by the Board of Directors on 29 April 2025, and are signed on its behalf by:
WALTON, Craig, Dr
Director
Registered Company No. 04838329
GAS DYNAMICS LTD.
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery25-
Office Equipment-3
2.Average number of employees

20242023
Average number of employees during the year75
3.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 August 23158,238-158,238
Additions-2,9192,919
At 31 July 24158,2382,919161,157
Depreciation and impairment
At 01 August 23145,823-145,823
Charge for year3,1043473,451
At 31 July 24148,927347149,274
Net book value
At 31 July 249,3112,57211,883
At 31 July 2312,415-12,415
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables157,72223,861
Other debtors4001,584
Total158,12225,445
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,8732,254
Taxation and social security174,26456,339
Other creditors3,4273,209
Accrued liabilities and deferred income1,3201,200
Total180,88463,002