Gains Clark Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

1. General Information

Gains Clark Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13363951 . The registered office is Create Business Hub, 101-135 Kings Road, Brentwood, Essex, CM14 4DR. The presentation currency of the financial statements is the Pound Sterling (£). The financial statements present information about the company as a single entity.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its rendering of services. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. Services are recognised as rendered when the company has received formal notification of the approval of its application for a claim to the Financial Services Compensation scheme on behalf of a client of the company.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is charged from the date of purchase on a pro-rata basis. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Furniture, fixtures and equipment	Straight Line Method-Based on useful life of asset
Computer Equipment	Straight Line Method-Based on useful life of asset

2.4. Financial Instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as debtors and creditors. Financial assets and liabilities are recognised when the company becomes a party to the contractual provisions of the instruments.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Gains Clark Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.6. Debtors and Creditors

Basic financial assets and liabilities, including debtors and creditors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets and liabilities are subsequently carried at amortised cost using the effective interest method, less any impairment.

2.7. Cash and cash equivalents

Cash and cash equivalents are represented by cash at bank and in hand.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Tangible Assets

	Furniture, fixtures and equipment	Computer Equipment	Total
	£	£	£
Cost
As at 1 May 2024	-	1,195	1,195
Additions	11,790	499	12,289

As at 30 April 2025	11,790	1,694	13,484

Depreciation
As at 1 May 2024	-	149	149
Provided during the period	4,720	378	5,098

As at 30 April 2025	4,720	527	5,247

Net Book Value
As at 30 April 2025	7,070	1,167	8,237

As at 1 May 2024	-	1,046	1,046

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Gains Clark Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	2,312	2,875

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	1,350	660
Corporation tax	523	23,463
Other taxes and social security	-	7,827
VAT	7,853	17,422
Accruals	10,538	12,032
Directors' loan accounts	670	4,275

	20,934	65,679

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

8. Related Party Disclosures

Included in creditors due within one year is an amount of £670 (2024: £4,275 ) owed to its directors. The amount is interest free and repayable on demand.

During the year the company incurred expenses on behalf of entities where the directors have significant influence amounting to £1,998 (2024: £2,368).

During the year, total dividends amounting to £22,000 (2024: £20,000) were paid to the directors.

9. Audit Information

The auditor's report on the accounts of Gains Clark Ltd for the year ended 30 April 2025 was unqualified.

The auditor's report was signed by Witold Sawin (Senior Statutory Auditor) for and on behalf of Sawin & Edwards LLP , Statutory Auditor.

Sawin & Edwards LLP

Studio 16

Cloisters House

8 Battersea Park Road, London

SW8 4BG

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		8,237		1,046

			8,237		1,046
CURRENT ASSETS
Debtors	5	2,312		2,875
Cash at bank and in hand		50,479		116,856

		52,791		119,731
Creditors: Amounts Falling Due Within One Year	6	(20,934 )		(65,679 )

NET CURRENT ASSETS (LIABILITIES)			31,857		54,052

TOTAL ASSETS LESS CURRENT LIABILITIES			40,094		55,098

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,565 )		-

NET ASSETS			38,529		55,098

CAPITAL AND RESERVES
Called up share capital	7		2		2
Profit and Loss Account			38,527		55,096

SHAREHOLDERS' FUNDS			38,529		55,098