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REGISTERED NUMBER: 08355246 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

GSO LIMITED

GSO LIMITED (REGISTERED NUMBER: 08355246)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GSO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: M A Gray
G Osborne





REGISTERED OFFICE: Cheribourne House
45A Station Road
Willington
Bedford
Bedfordshire
MK44 3QL





REGISTERED NUMBER: 08355246 (England and Wales)





ACCOUNTANTS: Baker Noel
Cheribourne House
45A Station Road
Willington
Bedford
Bedfordshire
MK44 3QL

GSO LIMITED (REGISTERED NUMBER: 08355246)

BALANCE SHEET
31 MARCH 2025

31.3.25 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 184,620 186,280
184,620 186,280

CURRENT ASSETS
Stocks 19,344 15,600
Debtors 6 1,716,156 1,091,206
Cash at bank and in hand 844,110 848,466
2,579,610 1,955,272
CREDITORS
Amounts falling due within one year 7 1,645,275 1,169,157
NET CURRENT ASSETS 934,335 786,115
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,118,955

972,395

PROVISIONS FOR LIABILITIES 39,316 39,289
NET ASSETS 1,079,639 933,106

CAPITAL AND RESERVES
Called up share capital 22 22
Retained earnings 1,079,617 933,084
SHAREHOLDERS' FUNDS 1,079,639 933,106

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

GSO LIMITED (REGISTERED NUMBER: 08355246)

BALANCE SHEET - continued
31 MARCH 2025


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 16 July 2025 and were signed on its behalf by:




M A Gray - Director



G Osborne - Director


GSO LIMITED (REGISTERED NUMBER: 08355246)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

GSO Limited is a private company, limited by shares , registered in England and Wales. 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.

Turnover
Revenue from contracts to provide services is recognised in the period in which the services are provided or in accordance with the contract conditions.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten 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 and new contract costs average contract term
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

Mobilisation costs on a new contract are capitalised under plant and machinery and depreciated over the average contract term.

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

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


GSO LIMITED (REGISTERED NUMBER: 08355246)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued
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.

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.

Lease incentives are recognised on a straight line basis over the period of the lease.

Pension costs and other post-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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 631 (2024 - 544 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 146,384
AMORTISATION
At 1 April 2024
and 31 March 2025 146,384
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

GSO LIMITED (REGISTERED NUMBER: 08355246)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2024 331,792 8,952 74,723 15,151 430,618
Additions 90,990 1,168 - 3,073 95,231
Disposals - - (12,439 ) - (12,439 )
At 31 March 2025 422,782 10,120 62,284 18,224 513,410
DEPRECIATION
At 1 April 2024 195,465 5,864 34,004 9,005 244,338
Charge for year 73,545 1,375 15,568 4,324 94,812
Eliminated on disposal - - (10,360 ) - (10,360 )
At 31 March 2025 269,010 7,239 39,212 13,329 328,790
NET BOOK VALUE
At 31 March 2025 153,772 2,881 23,072 4,895 184,620
At 31 March 2024 136,327 3,088 40,719 6,146 186,280

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 1,166,549 1,069,975
Amounts owed by group undertakings 517,823 -
Other debtors 31,784 21,231
1,716,156 1,091,206

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 61,243 41,348
Taxation and social security 916,715 621,230
Other creditors 667,317 506,579
1,645,275 1,169,157