Company Registration No. 07577118 (England and Wales)
DURHAM GAS SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
DURHAM GAS SERVICES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 9
DURHAM GAS SERVICES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
1
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
722
850
Tangible assets
5
355,168
380,802
Current assets
Stocks
30,980
62,359
Debtors
6
260,581
179,646
Cash at bank and in hand
267,705
297,462
559,266
539,467
Creditors: amounts falling due within one year
7
(407,013)
(447,582)
Net current assets
152,253
91,885
Total assets less current liabilities
508,143
473,537
Creditors: amounts falling due after more than one year
8
(191,127)
(185,847)
Provisions for liabilities
(87,418)
(90,395)
Net assets
229,598
197,295
Capital and reserves
Called up share capital
125
125
Profit and loss reserves
229,473
197,170
Total equity
229,598
197,295
DURHAM GAS SERVICES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
2

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 10 June 2025 and are signed on its behalf by:
Mr B Durham
Director
Company Registration No. 07577118
DURHAM GAS SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
3
1
Accounting policies
Company information

Durham Gas Services Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1A, Stirling Road, West Carr Industrial Estate, Retford, DN22 7SN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which was 5 years.

 

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

 

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Website
15% on reducing balance
1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

DURHAM GAS SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
4

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
Over the lease term of 5 years
Plant and machinery
15% on reducing balance
Fixtures, fittings & equipment
15% on reducing balance
Computer equipment
15% on reducing balance
Motor vehicles
20% on reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.6
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.8
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

DURHAM GAS SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
5
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.11
Derivatives

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

 

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.12
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

DURHAM GAS SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
6
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.13
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.14
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.15
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

DURHAM GAS SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
7
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
26
25
4
Intangible fixed assets
Goodwill
Website
Total
£
£
£
Cost
At 1 April 2024 and 31 March 2025
45,000
1,000
46,000
Amortisation and impairment
At 1 April 2024
45,000
150
45,150
Amortisation charged for the year
-
0
128
128
At 31 March 2025
45,000
278
45,278
Carrying amount
At 31 March 2025
-
0
722
722
At 31 March 2024
-
0
850
850
5
Tangible fixed assets
Leasehold improvements
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 April 2024
130,674
20,753
3,338
14,502
509,073
678,340
Additions
1,567
2,266
-
0
1,192
100,453
105,478
Disposals
-
0
(578)
(1,509)
-
0
(90,135)
(92,222)
At 31 March 2025
132,241
22,441
1,829
15,694
519,391
691,596
Depreciation and impairment
At 1 April 2024
111,451
9,143
1,513
5,434
169,997
297,538
Depreciation charged in the year
7,213
2,054
156
1,537
80,087
91,047
Eliminated in respect of disposals
-
0
(393)
(721)
-
0
(51,043)
(52,157)
At 31 March 2025
118,664
10,804
948
6,971
199,041
336,428
DURHAM GAS SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
5
Tangible fixed assets
Leasehold improvements
Plant and machinery
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
£
(Continued)
8
Carrying amount
At 31 March 2025
13,577
11,637
881
8,723
320,350
355,168
At 31 March 2024
19,223
11,610
1,825
9,068
339,076
380,802
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
219,761
140,811
Corporation tax recoverable
13,763
13,763
Other debtors
27,057
25,072
260,581
179,646
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,000
11,947
Trade creditors
198,820
199,264
Corporation tax
65,714
64,018
Other taxation and social security
18,218
49,941
Other creditors
114,261
122,412
407,013
447,582

Creditors due within one year include £94,888 (2024 - £93,256) of secured creditors on assets.

8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
1,667
11,667
Other creditors
189,460
174,180
191,127
185,847

Creditors due after one year include £189,460 (2024 - £174,180) of secured creditors on assets.

DURHAM GAS SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
9
9
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Property lease
93,334
128,334
10
Related party transactions

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts owed to related parties
£
£
Key management personnel
8,624
12,809

Loans with related parties are made interest free and repayable on demand.

2025-03-312024-04-01falsetruefalse10 June 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr B G DurhamMrs N K DurhamMr S L StoneMrs R StoneMrs N Durham075771182024-04-012025-03-31075771182025-03-31075771182024-03-3107577118core:NetGoodwill2025-03-3107577118core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2025-03-3107577118core:NetGoodwill2024-03-3107577118core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2024-03-3107577118core:LeaseholdImprovements2025-03-3107577118core:PlantMachinery2025-03-3107577118core:FurnitureFittings2025-03-3107577118core:ComputerEquipment2025-03-3107577118core:MotorVehicles2025-03-3107577118core:LeaseholdImprovements2024-03-3107577118core:PlantMachinery2024-03-3107577118core:FurnitureFittings2024-03-3107577118core:ComputerEquipment2024-03-3107577118core:MotorVehicles2024-03-3107577118core:CurrentFinancialInstrumentscore:WithinOneYear2025-03-3107577118core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3107577118core:Non-currentFinancialInstruments2025-03-3107577118core:Non-currentFinancialInstruments2024-03-3107577118core:CurrentFinancialInstruments2025-03-3107577118core:CurrentFinancialInstruments2024-03-3107577118core:ShareCapital2025-03-3107577118core:ShareCapital2024-03-3107577118core:RetainedEarningsAccumulatedLosses2025-03-3107577118core:RetainedEarningsAccumulatedLosses2024-03-3107577118bus:Director12024-04-012025-03-3107577118core:Goodwill2024-04-012025-03-3107577118core:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3107577118core:LeaseholdImprovementscore:LeasedAssetsHeldAsLessee2024-04-012025-03-3107577118core:PlantMachinery2024-04-012025-03-3107577118core:FurnitureFittings2024-04-012025-03-3107577118core:ComputerEquipment2024-04-012025-03-3107577118core:MotorVehicles2024-04-012025-03-31075771182023-04-012024-03-3107577118core:NetGoodwill2024-03-3107577118core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2024-03-31075771182024-03-3107577118core:NetGoodwill2024-04-012025-03-3107577118core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill2024-04-012025-03-3107577118core:LeaseholdImprovements2024-03-3107577118core:PlantMachinery2024-03-3107577118core:FurnitureFittings2024-03-3107577118core:ComputerEquipment2024-03-3107577118core:MotorVehicles2024-03-3107577118core:LeaseholdImprovements2024-04-012025-03-3107577118core:WithinOneYear2025-03-3107577118core:WithinOneYear2024-03-3107577118bus:PrivateLimitedCompanyLtd2024-04-012025-03-3107577118bus:SmallCompaniesRegimeForAccounts2024-04-012025-03-3107577118bus:FRS1022024-04-012025-03-3107577118bus:AuditExemptWithAccountantsReport2024-04-012025-03-3107577118bus:Director22024-04-012025-03-3107577118bus:Director32024-04-012025-03-3107577118bus:Director42024-04-012025-03-3107577118bus:CompanySecretary12024-04-012025-03-3107577118bus:FullAccounts2024-04-012025-03-31xbrli:purexbrli:sharesiso4217:GBP