Company Registration No. 10745450 (England and Wales)
Gas Trading Ltd
Unaudited accounts
for the year ended 31 August 2024
Gas Trading Ltd
Unaudited accounts
Contents
Gas Trading Ltd
Company Information
for the year ended 31 August 2024
Directors
P Goldsmith
AJ Goldsmith
Company Number
10745450 (England and Wales)
Registered Office
6 Osmund Close
Worth
Crawley
RH10 7RG
England
Accountants
KG McGahan Consulting Ltd
40 Severn Road
Crawley
West Sussex
RH10 7ZF
Chartered Management Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Gas Trading Ltd
for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Gas Trading Ltd for the year ended 31 August 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.
As a CIMA Registered Member in Practice and Practising Certificate holder, I am subject to its ethical and other professional requirements which are detailed at https://www.cimaglobal.com/Members/Your-Membership-Information/Members-handbook/Licensing-and-monitoring/Members-in-practice/
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at http://www.cimaglobal.com.
KG McGahan Consulting Ltd
Member in Practice
40 Severn Road
Crawley
West Sussex
RH10 7ZF
25 May 2025
Gas Trading Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
9,842
14,900
Cash at bank and in hand
61,052
40,858
Creditors: amounts falling due within one year
(62,306)
(62,276)
Net current assets
15,044
13,574
Called up share capital
100
100
Profit and loss account
24,786
28,374
Shareholders' funds
24,886
28,474
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 May 2025 and were signed on its behalf by
P Goldsmith
Director
Company Registration No. 10745450
Gas Trading Ltd
Notes to the Accounts
for the year ended 31 August 2024
Gas Trading Ltd is a private company, limited by shares, registered in England and Wales, registration number 10745450. The registered office is 6 Osmund Close, Worth, Crawley, RH10 7RG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight line
Motor vehicles
25% Straight line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2023
987
19,245
20,232
At 31 August 2024
987
19,245
20,232
At 1 September 2023
587
4,745
5,332
Charge for the year
247
4,811
5,058
At 31 August 2024
834
9,556
10,390
At 31 August 2024
153
9,689
9,842
At 31 August 2023
400
14,500
14,900
Gas Trading Ltd
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Other debtors
16,198
17,503
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
4,453
3,700
Loans from directors
57,409
56,461
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).