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REGISTERED NUMBER: 03432224 (England and Wales)





















GASFLOW LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025






GASFLOW LIMITED (REGISTERED NUMBER: 03432224)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


GASFLOW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTOR: A M B Roper





SECRETARY: A M B Roper





REGISTERED OFFICE: 22-24 Cranford Terrace
Harborough Road
Northampton
Northamptonshire
NN2 7AZ





REGISTERED NUMBER: 03432224 (England and Wales)





ACCOUNTANTS: Phipps Henson McAllister
Chartered Accountants
22-24 Harborough Road
Kingsthorpe
Northampton
NN2 7AZ

GASFLOW LIMITED (REGISTERED NUMBER: 03432224)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 243,773 245,127

CURRENT ASSETS
Stocks 97,028 122,689
Debtors 5 218,438 187,788
Cash at bank and in hand 88,664 49,859
404,130 360,336
CREDITORS
Amounts falling due within one year 6 274,832 263,920
NET CURRENT ASSETS 129,298 96,416
TOTAL ASSETS LESS CURRENT LIABILITIES 373,071 341,543

CREDITORS
Amounts falling due after more than one year 7 (2,623 ) (7,100 )

PROVISIONS FOR LIABILITIES (17,999 ) (18,533 )
NET ASSETS 352,449 315,910

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 10 69,985 69,985
Retained earnings 281,464 244,925
SHAREHOLDERS' FUNDS 352,449 315,910

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

GASFLOW LIMITED (REGISTERED NUMBER: 03432224)

BALANCE SHEET - continued
28 FEBRUARY 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 4 July 2025 and were signed by:





A M B Roper - Director


GASFLOW LIMITED (REGISTERED NUMBER: 03432224)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025


1. STATUTORY INFORMATION

Gasflow 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33.33% on cost
Fixtures and fittings - 25% on reducing balance

The company's freehold land and buildings were revalued during 2018. The company's freehold buildings are being depreciated at 2% of cost from 1 March 2018.

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 Statement of Comprehensive Income , 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.


GASFLOW LIMITED (REGISTERED NUMBER: 03432224)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 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.

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.

Debtors and creditors
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 5 ) .

GASFLOW LIMITED (REGISTERED NUMBER: 03432224)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Computer and
property equipment fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 March 2024
and 28 February 2025 250,000 944 3,965 254,909
DEPRECIATION
At 1 March 2024 6,004 91 3,687 9,782
Charge for year 1,001 284 69 1,354
At 28 February 2025 7,005 375 3,756 11,136
NET BOOK VALUE
At 28 February 2025 242,995 569 209 243,773
At 29 February 2024 243,996 853 278 245,127

Cost or valuation at 28 February 2025 is represented by:

Fixtures
Freehold Computer and
property equipment fittings Totals
£    £    £    £   
Valuation in 2018 86,544 - - 86,544
Cost 163,456 944 3,965 168,365
250,000 944 3,965 254,909

If freehold property had not been revalued it would have been included at the following historical cost:

2025 2024
£    £   
Cost 163,456 163,456

Value of land in freehold land and buildings 200,000 200,000

Freehold property was valued on an open market basis on 28 February 2025 by the director .

GASFLOW LIMITED (REGISTERED NUMBER: 03432224)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 216,105 187,788
Prepayments 2,333 -
218,438 187,788

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 9,379 9,379
Trade creditors 178,128 148,944
Corporation tax 32,312 45,592
Social security and other taxes 1,316 1,394
VAT 39,341 28,365
Other creditors 308 -
Directors' current accounts 11,820 28,018
Accruals and deferred income 2,228 2,228
274,832 263,920

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans - 1-2 years 2,623 7,100

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 5,107 4,402
Between one and five years 5,107 -
10,214 4,402

GASFLOW LIMITED (REGISTERED NUMBER: 03432224)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 12,002 16,479

The bank loan is secured by a fixed charge on the company's freehold property.

10. RESERVES
Revaluation
reserve
£   
At 1 March 2024
and 28 February 2025 69,985