G L ELECTRICAL SOLUTIONS LIMITED


Director	Gary Longworth


Registered Address	39 Wellington Road
	Rhyl
	LL18 1BA


Registered Number	05720103 (England and Wales)

Balance Sheet as at
31 March 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Intangible assets	3		1,500		3,000
Tangible assets	4		34,700		17,174
			36,200		20,174
Current assets
Stocks		1,000		-
Debtors	5	-		5,174
Cash at bank and on hand		12,491		-
		13,491		5,174
Creditors amounts falling due within one year	6	(5,537)		(4,452)
Net current assets (liabilities)			7,954		722
Total assets less current liabilities			44,154		20,896
Creditors amounts falling due after one year	7		(89,490)		(54,026)
Net assets			(45,336)		(33,130)
Capital and reserves
Called up share capital			1		1
Profit and loss account			(45,337)		(33,131)
Shareholders' funds			(45,336)		(33,130)

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved and authorised for issue by the Director on 24 September 2025, and are signed on its behalf by:

Gary Longworth
Director
Registered Company No. 05720103

G L ELECTRICAL SOLUTIONS LIMITED

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The director has personally invested sums into the company again in the 2025 year to keep the business afloat whilst also investing into a new venture that is to be operated under the same Ltd company. It is therefore deemed acceptable that the company is a going concern. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

Going concern

After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. 

The director has personally invested sums into the company again in the 2025 year to keep the business afloat whilst also investing into a new venture that is to be operated under the same Ltd company. It is therefore deemed acceptable that the company is a going concern.

The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Turnover policy
	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.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Depreciation is calculated so as to write off the cost of an asset over the useful economic life of the respective asset as follows:


		Reducing balance (%)
	Plant and machinery	20
	Fixtures and fittings	20
	Vehicles	20

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	1		1

3.	Intangible assets

		Total
		£
	Cost or valuation
	At 01 April 24	3,000
	At 31 March 25	1,500
	Amortisation and impairment
	Charge for year	1,500
	Net book value
	At 31 March 25	1,500
	At 31 March 24	3,000

4.	Tangible fixed assets

		Total
		£
	Cost or valuation
	At 01 April 24	17,174
	Additions	22,984
	Disposals	(1,426)
	At 31 March 25	38,732
	Depreciation and impairment
	Charge for year	4,032
	At 31 March 25	4,032
	Net book value
	At 31 March 25	34,700
	At 31 March 24	17,174

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	-	2,925
Other debtors	-	2,249
Total	-	5,174

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	690	627
Bank borrowings and overdrafts	2,995	3,306
Taxation and social security	1,852	39
Accrued liabilities and deferred income	-	480
Total	5,537	4,452

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	1,309	4,304
Other creditors	88,181	49,722
Total	89,490	54,026