Company registration number 06719284 (England and Wales)
GS FOAM CONCRETE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
GS FOAM CONCRETE LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 7
GS FOAM CONCRETE LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
5
250,556
277,390
Current assets
Trade and other receivables
6
220,680
182,659
Cash and cash equivalents
505,103
572,421
725,783
755,080
Current liabilities
7
(277,838)
(430,715)
Net current assets
447,945
324,365
Total assets less current liabilities
698,501
601,755
Non-current liabilities
8
(16,970)
(40,029)
Provisions for liabilities
(62,240)
(68,869)
Net assets
619,291
492,857
Equity
Called up share capital
9
50,000
50,000
Retained earnings
569,291
442,857
Total equity
619,291
492,857

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 21 August 2025 and are signed on its behalf by:
Mr G Jones
Director
Company registration number 06719284 (England and Wales)
GS FOAM CONCRETE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
1
Accounting policies
Company information

GS Foam Concrete Limited is a private company limited by shares incorporated in England and Wales. The registered office is 8 Pendlebury Road, Gatley, Cheshire, England, SK8 4BH.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Revenue

Revenue is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.4
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

1.5
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

GS FOAM CONCRETE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 3 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Tenants improvements
20% straight line
Plant and machinery
15% reducing balance
Fixtures, fittings & equipment
15% reducing balance
Motor vehicles
20% reducing balance

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 profit or loss.

1.6
Impairment of non-current assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss,

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset. A reversal of an impairment loss is recognised immediately in profit or loss.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Trade receivables, loans and other receivables that have fixed or determinable payments that are not quoted in an active market are classified as 'loans and receivables'. Loans and receivables are measured at amortised cost using the effective interest method, less any impairment.

Basic financial liabilities

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

GS FOAM CONCRETE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.9
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.10
Derivatives

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

1.11
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.12
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or non-current assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.13
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.14
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

GS FOAM CONCRETE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
11
11
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
90,000
Amortisation and impairment
At 1 April 2024 and 31 March 2025
90,000
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
GS FOAM CONCRETE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
5
Property, plant and equipment
Tenants improvements
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024
39,678
470,815
510,493
Additions
-
0
51,693
51,693
Disposals
-
0
(53,685)
(53,685)
At 31 March 2025
39,678
468,823
508,501
Depreciation and impairment
At 1 April 2024
33,670
199,433
233,103
Depreciation charged in the year
1,003
52,584
53,587
Eliminated in respect of disposals
-
0
(28,745)
(28,745)
At 31 March 2025
34,673
223,272
257,945
Carrying amount
At 31 March 2025
5,005
245,551
250,556
At 31 March 2024
6,008
271,382
277,390
6
Trade and other receivables
2025
2024
Amounts falling due within one year:
£
£
Trade receivables
155,596
98,545
Other receivables
65,084
84,114
220,680
182,659
7
Current liabilities
2025
2024
£
£
Trade payables
151,028
248,948
Taxation and social security
94,340
90,326
Other payables
32,470
91,441
277,838
430,715
8
Non-current liabilities
2025
2024
£
£
Other payables
16,970
40,029
GS FOAM CONCRETE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
8
Non-current liabilities
(Continued)
- 7 -

The long term loans are secured by fixed charges over the assets on hire purchase.

9
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
50,000
50,000
50,000
50,000
10
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
70,522
18,730
2025-03-31 2024-04-01 false false false 21 August 2025 CCH Software CCH Accounts Production 2025.200 No description of principal activity Mr G Jones Mrs L V Jones 06719284 2024-04-01 2025-03-31 06719284 2025-03-31 06719284 2024-03-31 06719284 core:LandBuildings 2025-03-31 06719284 core:OtherPropertyPlantEquipment 2025-03-31 06719284 core:LandBuildings 2024-03-31 06719284 core:OtherPropertyPlantEquipment 2024-03-31 06719284 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 06719284 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06719284 core:ShareCapital 2025-03-31 06719284 core:ShareCapital 2024-03-31 06719284 core:RetainedEarningsAccumulatedLosses 2025-03-31 06719284 core:RetainedEarningsAccumulatedLosses 2024-03-31 06719284 core:ShareCapitalOrdinaryShareClass1 2025-03-31 06719284 core:ShareCapitalOrdinaryShareClass1 2024-03-31 06719284 bus:Director1 2024-04-01 2025-03-31 06719284 core:Goodwill 2024-04-01 2025-03-31 06719284 core:LeaseholdImprovements 2024-04-01 2025-03-31 06719284 core:PlantMachinery 2024-04-01 2025-03-31 06719284 core:FurnitureFittings 2024-04-01 2025-03-31 06719284 core:MotorVehicles 2024-04-01 2025-03-31 06719284 2023-04-01 2024-03-31 06719284 core:NetGoodwill 2024-03-31 06719284 core:NetGoodwill 2025-03-31 06719284 core:NetGoodwill 2024-03-31 06719284 core:LandBuildings 2024-03-31 06719284 core:OtherPropertyPlantEquipment 2024-03-31 06719284 2024-03-31 06719284 core:LandBuildings 2024-04-01 2025-03-31 06719284 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 06719284 core:CurrentFinancialInstruments 2025-03-31 06719284 core:CurrentFinancialInstruments 2024-03-31 06719284 core:WithinOneYear 2025-03-31 06719284 core:WithinOneYear 2024-03-31 06719284 core:Non-currentFinancialInstruments 2025-03-31 06719284 core:Non-currentFinancialInstruments 2024-03-31 06719284 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 06719284 bus:OrdinaryShareClass1 2025-03-31 06719284 bus:OrdinaryShareClass1 2024-03-31 06719284 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 06719284 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 06719284 bus:FRS102 2024-04-01 2025-03-31 06719284 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 06719284 bus:Director2 2024-04-01 2025-03-31 06719284 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP