REGISTERED NUMBER: 05004125 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2024

for

Gupta Services Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

832

-

CURRENT ASSETS

Debtors

5

-

37,364

Investments

6

4,143,525

2,858,729

Cash at bank

24,268

25,978

4,167,793

2,922,071

CREDITORS

Amounts falling due within one year

7

1,418,746

1,173,933

NET CURRENT ASSETS

2,749,047

1,748,138

TOTAL ASSETS LESS CURRENT LIABILITIES

2,749,879

1,748,138

PROVISIONS FOR LIABILITIES

158

-

NET ASSETS

2,749,721

1,748,138

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

2,749,621

1,748,038

SHAREHOLDERS' FUNDS

2,749,721

1,748,138

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th September 2025 and were signed on its behalf by:

Dr R B Gupta - Director

1.	COMPANY INFORMATION

Gupta Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05004125

Registered office:

The Lexicon

Mount Street

Manchester

M2 5NT

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.

Turnover

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

Revenue from the provision of professional services is recognised on delivery of the service.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Tangible Fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment loss.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to the profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st January 2024

25,514

Additions

1,108

Disposals

(15,000

)

At 31st December 2024

11,622

DEPRECIATION

At 1st January 2024

25,791

Eliminated on disposal

(15,001

)

At 31st December 2024

10,790

NET BOOK VALUE

At 31st December 2024

832

At 31st December 2023

(277

)

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

S455 recoverable

-

37,364

6.	CURRENT ASSET INVESTMENTS

31.12.24

31.12.23

£

£

Listed investments

4,143,525

2,858,729

Market value of listed investments at 31 December 2024 - £4,143,525 (2023 - £2,858,729 ).

The current asset investments represents holdings in listed shares. The listed shares are recognised at market value.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

1,106,828

733,867

Tax

(17,558

)

282,309

Social security and other taxes

639

713

Credit card control account

35

59

Directors' current accounts

328,802

156,985

1,418,746

1,173,933

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

£

35

Ordinary

£1

35

35

35

Ordinary A

£1

35

35

30

Ordinary B

£1

30

30

100

100

During the year 30 Ordinary shares were reclassified as Ordinary B shares and 35 Ordinary shares were reclassified as Ordinary A shares.

The Ordinary shares confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

The Ordinary A & Ordinary B shares do not confer on the holders the right to vote upon any resolution proposed at any general meeting of the company.

All shares rank pari passu in respect of dividend and capital distribution rights.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st December 2024 and 31st December 2023:

31.12.24

31.12.23

£

£

Dr R B Gupta and Dr S R Gupta

Balance outstanding at start of year

(156,984

)

(85,715

)

Amounts advanced

27

2,740

Amounts repaid

(171,845

)

(74,009

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(328,802

)

(156,984

)

The loan is repayable on demand and includes interest of £Nil (2023 - £Nil) at the HMRC approved rate of 2.5%.

10.

CONTROL