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REGISTERED NUMBER: SC102243 (Scotland)














FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

Gas Heating and Appliance Services
Limited

Gas Heating and Appliance Services
Limited (Registered number: SC102243)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Gas Heating and Appliance Services
Limited

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mrs M Nelson
Mr S Wassall
Mr A Wassall





SECRETARY: Mrs M Nelson





REGISTERED OFFICE: Pavilion 2
3 Dava Street
Broomloan Road
Glasgow
G51 2JA





REGISTERED NUMBER: SC102243 (Scotland)





ACCOUNTANTS: Burgoyne Carey
Chartered Accountants
Pavilion 2
3 Dava Street
Broomloan Road
Glasgow
G51 2JA

Gas Heating and Appliance Services
Limited (Registered number: SC102243)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 373,292 398,733
Investments 6 251,713 220,059
625,005 618,792

CURRENT ASSETS
Stocks 115,000 128,500
Debtors 7 86,426 158,157
Cash at bank and in hand 1,070,029 1,000,107
1,271,455 1,286,764
CREDITORS
Amounts falling due within one year 8 482,535 623,827
NET CURRENT ASSETS 788,920 662,937
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,413,925

1,281,729

CREDITORS
Amounts falling due after more than one
year

9

5,834

15,834
NET ASSETS 1,408,091 1,265,895

CAPITAL AND RESERVES
Called up share capital 200 200
Capital redemption reserve 100 100
Retained earnings 1,407,791 1,265,595
SHAREHOLDERS' FUNDS 1,408,091 1,265,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

Gas Heating and Appliance Services
Limited (Registered number: SC102243)

BALANCE SHEET - continued
31 DECEMBER 2024


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 30 June 2025 and were signed on its behalf by:




Mrs M Nelson - Director



Mr S Wassall - Director


Gas Heating and Appliance Services
Limited (Registered number: SC102243)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Gas Heating and Appliance Services Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

TURNOVER
Turnover represents amounts invoiced during the year net, exclusive of Value Added Tax.

GOODWILL
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

STOCKS
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

HIRE PURCHASE AND LEASING COMMITMENTS
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 makes contributions to the director's personal pension scheme.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

Gas Heating and Appliance Services
Limited (Registered number: SC102243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 25,000
AMORTISATION
At 1 January 2024
and 31 December 2024 25,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
Long to Plant and
leasehold property machinery
£    £    £   
COST
At 1 January 2024
and 31 December 2024 408,460 53,561 13,219
DEPRECIATION
At 1 January 2024 92,584 11,198 13,217
Charge for year 8,169 1,070 -
At 31 December 2024 100,753 12,268 13,217
NET BOOK VALUE
At 31 December 2024 307,707 41,293 2
At 31 December 2023 315,876 42,363 2

Gas Heating and Appliance Services
Limited (Registered number: SC102243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 22,120 114,162 6,683 618,205
DEPRECIATION
At 1 January 2024 21,999 74,398 6,076 219,472
Charge for year 57 15,841 304 25,441
At 31 December 2024 22,056 90,239 6,380 244,913
NET BOOK VALUE
At 31 December 2024 64 23,923 303 373,292
At 31 December 2023 121 39,764 607 398,733

.

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2024 220,059
Additions (1 )
Revaluations 29,098
Dividends received 2,557
At 31 December 2024 251,713
NET BOOK VALUE
At 31 December 2024 251,713
At 31 December 2023 220,059


7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 86,426 131,057
Directors' current accounts - 27,100
86,426 158,157

Gas Heating and Appliance Services
Limited (Registered number: SC102243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Other loans 1,598 1,806
Trade creditors 215,999 349,063
Credit cards 9,093 18,908
Deposits received 37,962 73,582
Tax 61,715 30,619
Social security and other taxes 74,541 73,318
Pensions payable (364 ) (516 )
VAT 11,596 7,377
Directors' current accounts 25 -
Accrued expenses 60,370 59,670
482,535 623,827

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,834 10,000
Bank loans - 2-5 years - 5,834
5,834 15,834