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Company Registration No. 11112496 (England and Wales)
Gaspect LTD Unaudited accounts for the year ended 31 December 2024
Gaspect LTD Unaudited accounts Contents
Page
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Gaspect LTD Company Information for the year ended 31 December 2024
Director
Darren Kevin Shelton
Company Number
11112496 (England and Wales)
Registered Office
48 Arlington Way Dalton Huddersfield HD5 9TF
Accountants
Karen Trunkwald T/A Karen's Business Services 6 Huddersfield Road Meltham Holmfirth HD9 4AE
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Gaspect LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
62,910 
47,414 
Current assets
Inventories
23,700 
19,800 
Debtors
33,846 
36,397 
Cash at bank and in hand
33,295 
49,015 
90,841 
105,212 
Creditors: amounts falling due within one year
(5,241)
911 
Net current assets
85,600 
106,123 
Net assets
148,510 
153,537 
Capital and reserves
Profit and loss account
148,510 
153,537 
Shareholders' funds
148,510 
153,537 
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 28 May 2025 and were signed on its behalf by
Darren Kevin Shelton Director Company Registration No. 11112496
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Gaspect LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Gaspect LTD is a private company, limited by shares, registered in England and Wales, registration number 11112496. The registered office is 48 Arlington Way, Dalton, Huddersfield, HD5 9TF.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
15% Reducing balance method
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
31,905 
44,900 
3,677 
333 
80,815 
Additions
500 
47,028 
- 
- 
47,528 
Disposals
- 
(16,500)
- 
- 
(16,500)
At 31 December 2024
32,405 
75,428 
3,677 
333 
111,843 
Depreciation
At 1 January 2024
7,026 
24,812 
1,435 
128 
33,401 
Charge for the year
3,807 
11,358 
336 
31 
15,532 
At 31 December 2024
10,833 
36,170 
1,771 
159 
48,933 
Net book value
At 31 December 2024
21,572 
39,258 
1,906 
174 
62,910 
At 31 December 2023
24,879 
20,088 
2,242 
205 
47,414 
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Gaspect LTD Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
3,850 
4,705 
Trade debtors
23,913 
28,620 
Other debtors
6,083 
3,072 
33,846 
36,397 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
6,506 
977 
Taxes and social security
371 
(2,562)
Loans from directors
(1,636)
674 
5,241 
(911)
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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