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REGISTERED NUMBER: 06506726 (England and Wales)















Unaudited Financial Statements for the Year Ended 28th February 2025

for

Generator Support Services Ltd

Generator Support Services Ltd (Registered number: 06506726)






Contents of the Financial Statements
for the Year Ended 28th February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Generator Support Services Ltd

Company Information
for the Year Ended 28th February 2025







DIRECTORS: Mrs E J Love
Mr C M Love





SECRETARY: Mrs E J Love





REGISTERED OFFICE: 153 Mortimer Street
Herne Bay
Kent
CT56 5HA





REGISTERED NUMBER: 06506726 (England and Wales)





ACCOUNTANTS: CWW Accountants
153 Mortimer Street
Herne Bay
Kent
CT6 5HA

Generator Support Services Ltd (Registered number: 06506726)

Balance Sheet
28th February 2025

28.2.25 29.2.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 389,342 324,848

CURRENT ASSETS
Stocks 16,000 10,000
Debtors 5 199,926 107,951
Cash at bank 186,114 197,588
402,040 315,539
CREDITORS
Amounts falling due within one year 6 168,723 140,538
NET CURRENT ASSETS 233,317 175,001
TOTAL ASSETS LESS CURRENT
LIABILITIES

622,659

499,849

CREDITORS
Amounts falling due after more than one year 7 221,879 228,959
NET ASSETS 400,780 270,890

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 400,778 270,888
SHAREHOLDERS' FUNDS 400,780 270,890

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2025 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.

Generator Support Services Ltd (Registered number: 06506726)

Balance Sheet - continued
28th February 2025


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 29th April 2025 and were signed on its behalf by:




Mr C M Love - Director



Mrs E J Love - Director


Generator Support Services Ltd (Registered number: 06506726)

Notes to the Financial Statements
for the Year Ended 28th February 2025

1. STATUTORY INFORMATION

Generator Support 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
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Generator Support Services Ltd (Registered number: 06506726)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st March 2024 262,956 141,083 404,039
Additions - 105,612 105,612
At 28th February 2025 262,956 246,695 509,651
DEPRECIATION
At 1st March 2024 17,348 61,843 79,191
Charge for year 5,259 35,859 41,118
At 28th February 2025 22,607 97,702 120,309
NET BOOK VALUE
At 28th February 2025 240,349 148,993 389,342
At 29th February 2024 245,608 79,240 324,848

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st March 2024
and 28th February 2025 117,155
DEPRECIATION
At 1st March 2024 42,980
Charge for year 18,554
At 28th February 2025 61,534
NET BOOK VALUE
At 28th February 2025 55,621
At 29th February 2024 74,175

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade debtors 199,926 106,084
Other debtors - 1,867
199,926 107,951

Generator Support Services Ltd (Registered number: 06506726)

Notes to the Financial Statements - continued
for the Year Ended 28th February 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Bank loans and overdrafts 33,707 33,707
Hire purchase contracts 24,057 13,638
Trade creditors (2 ) (1 )
Taxation and social security 108,376 86,409
Other creditors 2,585 6,785
168,723 140,538

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.25 29.2.24
£    £   
Bank loans 149,273 166,695
Hire purchase contracts 72,606 62,264
221,879 228,959

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 40,187 57,609

8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.25 29.2.24
£    £   
Bank loans 182,980 200,402

The bank loan is secured by a fixed and floating charge over all of the company's assets