Company registration number 07212300 (England and Wales)
G & S SERVICES (YORKSHIRE) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
G & S SERVICES (YORKSHIRE) LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
G & S SERVICES (YORKSHIRE) LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
-
0
3,979
Investments
5
-
0
367
-
0
4,346
Current assets
Stocks
-
4,379
Debtors
6
82,723
34,460
Cash at bank and in hand
58,743
69,978
141,466
108,817
Creditors: amounts falling due within one year
7
(23,539)
(24,182)
Net current assets
117,927
84,635
Net assets
117,927
88,981
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
117,917
88,971
Total equity
117,927
88,981

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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

The financial statements were approved and signed by the director and authorised for issue on 2 June 2025
G Barlow
Director
Company registration number 07212300 (England and Wales)
G & S SERVICES (YORKSHIRE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

G & S Services (Yorkshire) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2 Deerstone Ridge, Wetherby, West Yorkshire, LS22 7XN.

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
Going concern

The company sold its trade and assets on 19 December 2024 and has ceased to trade. The intention is for the company to be wound up and therefore the accounts have been prepared on a basis other than a going concern.

1.3
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.

1.4
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.

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.

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:

Plant and equipment
15% on reducing balance
Fixtures and fittings
15% on reducing balance
Computers
33% on cost

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
Fixed asset investments

The investment, a crowd funding loan, is initially recognised at fair value which is normally the transaction price, excluding any transaction costs. Subsequently, the fair value is adjusted through the profit and loss for interest received less defaults of principal.

G & S SERVICES (YORKSHIRE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -
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.

1.8
Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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

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.

1.9
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.

1.10
Leases
As lessee

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

1.11

Debtors

Short term debtors are measured at their transaction price, less any impairment.

1.12

Creditors

Short term creditors are measured at their transaction price.

G & S SERVICES (YORKSHIRE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
2
Employees

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

2025
2024
Number
Number
Total
3
5
3
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024
136,805
Disposals
(136,805)
At 31 March 2025
-
0
Amortisation and impairment
At 1 April 2024
136,805
Disposals
(136,805)
At 31 March 2025
-
0
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 April 2024
7,551
775
1,772
10,098
Additions
532
-
0
-
0
532
Disposals
(8,083)
(775)
(1,772)
(10,630)
At 31 March 2025
-
0
-
0
-
0
-
0
Depreciation and impairment
At 1 April 2024
4,144
558
1,417
6,119
Eliminated in respect of disposals
(4,144)
(558)
(1,417)
(6,119)
At 31 March 2025
-
0
-
0
-
0
-
0
G & S SERVICES (YORKSHIRE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
4
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
(Continued)
- 5 -
Carrying amount
At 31 March 2025
-
0
-
0
-
0
-
0
At 31 March 2024
3,407
217
355
3,979
5
Fixed asset investments
2025
2024
£
£
Other investments other than loans
-
0
367
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 April 2024
367
Additions
20
Disposals
(387)
At 31 March 2025
-
Carrying amount
At 31 March 2025
-
At 31 March 2024
367
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
29,195
Other debtors
82,615
-
0
Prepayments and accrued income
108
5,265
82,723
34,460
G & S SERVICES (YORKSHIRE) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
186
5,399
Taxation and social security
18,823
15,418
Other creditors
-
0
842
Accruals and deferred income
4,530
2,523
23,539
24,182
8
Operating lease commitments
As 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
£
£
Total commitments
-
0
21,812
9
Directors' transactions

The company's director was advanced £86,625 by the company during the year and repaid £6,330 to the company. The director owed £79,754 to the company as at 31 March 2025.There are no formal repayment terms or interest charged on this director's loan account.

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