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Company registration number: 04009565
GASWISE SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 March 2025
GASWISE SERVICES LIMITED
Contents
Directors report
Accountant's report
Statement of financial position
Notes to the financial statements
GASWISE SERVICES LIMITED
Directors report
Period ended 31 March 2025
The directors present their report and the unaudited financial statements of the company for the period ended 31 March 2025.
Directors
The directors who served the company during the period were as follows:
Mr F.A. Neal
Mrs S B Neal
Mr P. A. Neal
Mr M. J. Neal
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 11 July 2025 and signed on behalf of the board by:
Mr P. A. Neal
Director
GASWISE SERVICES LIMITED
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Gaswise Services Limited
Period ended 31 March 2025
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the period ended 31 March 2025 which comprise the statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
R M F Pola FCA
Jenemi Associates Limited
2 Low Road
Congham
Kings Lynn
Norfolk
PE32 1AE
11 July 2025
GASWISE SERVICES LIMITED
Statement of financial position
31 March 2025
31/03/25 30/09/24
Note £ £ £ £
Fixed assets
Tangible assets 5 148,730 135,023
_______ _______
148,730 135,023
Current assets
Stocks 34,510 36,838
Debtors 6 457,491 507,773
Cash at bank and in hand 416,874 349,537
_______ _______
908,875 894,148
Creditors: amounts falling due
within one year 7 ( 502,652) ( 419,348)
_______ _______
Net current assets 406,223 474,800
_______ _______
Total assets less current liabilities 554,953 609,823
Provisions for liabilities 8 ( 28,259) ( 25,654)
_______ _______
Net assets 526,694 584,169
_______ _______
Capital and reserves
Called up share capital 10 2,000 2,000
Profit and loss account 524,694 582,169
_______ _______
Shareholders funds 526,694 584,169
_______ _______
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 11 July 2025 , and are signed on behalf of the board by:
Mr P. A. Neal
Director
Company registration number: 04009565
GASWISE SERVICES LIMITED
Notes to the financial statements
Period ended 31 March 2025
1. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery - 15 % reducing balance
Fittings fixtures and equipment - 15 % reducing balance
Motor vehicles - 25 % reducing balance
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
3. Profit before taxation
Profit before taxation is stated after charging/(crediting):
Period Year
ended ended
31/03/25 30/09/24
£ £
Depreciation of tangible assets 17,874 39,666
_______ _______
4. Tax on profit
Major components of tax expense
Period Year
ended ended
31/03/25 30/09/24
£ £
Current tax:
UK current tax expense 28,901 80,871
_______ _______
Deferred tax:
Origination and reversal of timing differences 2,605 ( 5,329)
_______ _______
Tax on profit 31,506 75,542
_______ _______
5. Tangible assets
Plant and machinery Fixtures, fittings and equipment Motor vehicles Total
£ £ £ £
Cost
At 1 October 2024 9,031 85,434 362,341 456,806
Additions - - 33,628 33,628
Disposals - - ( 19,795) ( 19,795)
_______ _______ _______ _______
At 31 March 2025 9,031 85,434 376,174 470,639
_______ _______ _______ _______
Depreciation
At 1 October 2024 8,442 64,832 248,509 321,783
Charge for the year 44 1,545 16,285 17,874
Disposals - - ( 17,748) ( 17,748)
_______ _______ _______ _______
At 31 March 2025 8,486 66,377 247,046 321,909
_______ _______ _______ _______
Carrying amount
At 31 March 2025 545 19,057 129,128 148,730
_______ _______ _______ _______
At 30 September 2024 589 20,602 113,832 135,023
_______ _______ _______ _______
6. Debtors
31/03/25 30/09/24
£ £
Trade debtors 418,310 492,324
Other debtors 39,181 15,449
_______ _______
457,491 507,773
_______ _______
7. Creditors: amounts falling due within one year
31/03/25 30/09/24
£ £
Bank loans and overdrafts - 240
Trade creditors 271,100 239,908
Corporation tax 109,729 80,828
Social security and other taxes 119,223 95,772
Other creditors 2,600 2,600
_______ _______
502,652 419,348
_______ _______
8. Provisions
Deferred tax (note 9) Total
£ £
At 1 October 2024 25,654 25,654
Additions 2,605 2,605
_______ _______
At 31 March 2025 28,259 28,259
_______ _______
9. Deferred tax
The deferred tax included in the statement of financial position is as follows:
31/03/25 30/09/24
£ £
Included in provisions (note 8) 28,259 25,654
_______ _______
The deferred tax account consists of the tax effect of timing differences in respect of:
31/03/25 30/09/24
£ £
Accelerated capital allowances 28,259 25,654
_______ _______
10. Called up share capital
Authorised share capital
2025 2024
No £ No £
Ordinary shares of £ 1.00 each 100,000 100,000 100,000 100,000
_______ _______ _______ _______
Issued, called up and fully paid
31/03/25 30/09/24
No £ No £
Ordinary shares of £ 1.00 each 2,000 2,000 2,000 2,000
_______ _______ _______ _______