Richard Edwards Gas Services Limited

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 05645333

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		2,950		5,900
Tangible Assets	5		67,758		87,935

			70,708		93,835
CURRENT ASSETS
Stocks		7,000		7,000
Debtors		39,017		41,248
Cash at bank and in hand		347,466		306,878

		393,483		355,126
Creditors: Amounts Falling Due Within One Year		(109,680 )		(79,564 )

NET CURRENT ASSETS (LIABILITIES)			283,803		275,562

TOTAL ASSETS LESS CURRENT LIABILITIES			354,511		369,397

Creditors: Amounts Falling Due After More Than One Year			(34,402 )		(40,741 )

NET ASSETS			320,109		328,656

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			320,009		328,556

SHAREHOLDERS' FUNDS			320,109		328,656

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Richard Edwards Gas Services Limited

Abridged Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr Richard Edwards Director	Mrs Sharon Edwards Director
26/08/2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Richard Edwards Gas Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05645333 . The registered office is 28 Brook Street , Wrexham , LL13 7LL.

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

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised over its estimated economic life of 20 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:

Plant & Machinery	10% reducing basis
Motor Vehicles	25% reducing basis
Fixtures & Fittings	10% reducing basis

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

5Average number of employees, including directors, during the year was: 7 (2024: 7)

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Richard Edwards Gas Services Limited

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 March 2025

4. Intangible Assets

	Total
	£
Cost
As at 1 April 2024	59,000

As at 31 March 2025	59,000

Amortisation
As at 1 April 2024	53,100
Provided during the period	2,950

As at 31 March 2025	56,050

Net Book Value
As at 31 March 2025	2,950

As at 1 April 2024	5,900

5. Tangible Assets

	Total
	£
Cost
As at 1 April 2024	136,099
Additions	561

As at 31 March 2025	136,660

Depreciation
As at 1 April 2024	48,164
Provided during the period	20,738

As at 31 March 2025	68,902

Net Book Value
As at 31 March 2025	67,758

As at 1 April 2024	87,935

6. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Later than one year and not later than five years	34,402	40,741
Later than five years	-	-

	34,402	40,741

	34,402	40,741

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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