REGISTERED NUMBER: 06590074 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2025

for

GPS Installations Ltd

Page

Company Information

1

Report of the Accountants

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

G Parks

REGISTERED OFFICE:

87 Station Road

Ashington

Northumberland

NE63 8RS

REGISTERED NUMBER:

06590074 (England and Wales)

ACCOUNTANTS:

Thornton Accountancy Ltd

87 Station Road

Ashington

Northumberland

NE63 8RS

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2025 set out on pages two to three and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Thornton Accountancy Ltd

87 Station Road

Ashington

Northumberland

NE63 8RS

15 September 2025

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

89

118

89

118

CURRENT ASSETS

Stocks

6

1,616

1,616

Debtors

7

689,957

6,963

Cash at bank and in hand

691,865

843,258

1,383,438

851,837

CREDITORS

Amounts falling due within one year

8

551,506

274,347

NET CURRENT ASSETS

831,932

577,490

TOTAL ASSETS LESS CURRENT LIABILITIES

832,021

577,608

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

831,021

576,608

SHAREHOLDERS' FUNDS

832,021

577,608

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

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

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 director and authorised for issue on 15 September 2025 and were signed by:

G Parks - Director

1.	STATUTORY INFORMATION

GPS Installations Ltd 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

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

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, 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.

Fixtures and fittings

-

25% on reducing balance per annum

Computer equipment

-

33%Straight Line

Stocks

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

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 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

10,000

AMORTISATION

At 1 June 2024

and 31 May 2025

10,000

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 June 2024

and 31 May 2025

4,242

2,438

6,680

DEPRECIATION

At 1 June 2024

4,126

2,436

6,562

Charge for year

29

-

29

At 31 May 2025

4,155

2,436

6,591

NET BOOK VALUE

At 31 May 2025

87

2

89

At 31 May 2024

116

2

118

6.

STOCKS

2025

2024

£

£

Stocks

1,616

1,616

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

688,331

5,944

Prepayments

1,626

1,019

689,957

6,963

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

194,770

31,179

Tax

97,147

105,322

Social security and other taxes

1,535

1,430

VAT

94,233

48,953

Other creditors

-

266

Directors' current accounts

34,789

20,057

Accrued expenses

129,032

67,140

551,506

274,347