Accounts



















	G.S. DEVELOPMENT SERVICES LTD



	UNAUDITED FINANCIAL STATEMENTS


	FOR THE YEAR ENDED 31 MARCH 2025

	G.S. DEVELOPMENT SERVICES LTD
	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025


	DIRECTORS

	S J Wood
	G R Cannell


	SECRETARY

	R A Johnson

	REGISTERED OFFICE

	78 Birmingham Street Oldbury West Midlands B69 4EB


	COMPANY REGISTERED NUMBER

	04757426


	BANKERS

	National Westminster


	ACCOUNTANTS

	Lyness Accountancy Practice Limited
	Chartered Certified Accountants
	78 Birmingham Street Oldbury West Midlands B69 4EB

	page 1

	G.S. DEVELOPMENT SERVICES LTD
	FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31 MARCH 2025


	CONTENTS

	Pages


	3-4	Statement of Financial Position


	5-7	Notes to the Financial Statements

	page 2

G.S. DEVELOPMENT SERVICES LTD
Company registered number: 04757426
STATEMENT OF FINANCIAL POSITION AT 31 March 2025

	Note	2025		2024
		£	£	£
FIXED ASSETS
Property, plant and equipment	3		19,041	95,964
CURRENT ASSETS
Debtors	4	184,237		293,770
Cash at bank and in hand		22,282		40,818
		206,519		334,588
CREDITORS: Amounts falling due within one year	5	91,311		170,397
NET CURRENT ASSETS			115,208	164,191
TOTAL ASSETS LESS CURRENT LIABILITIES			134,249	260,155

CREDITORS: Amounts falling due after more than one year	6		(5,952)	(57,588)
NET ASSETS			£128,297	£202,567

CAPITAL AND RESERVES
Called up share capital			2	2
Retained earnings			128,295	202,565
SHAREHOLDERS' FUNDS			£128,297	£202,567

	The notes on pages 5-7 form part of these financial statements

	page 3

G.S. DEVELOPMENT SERVICES LTD
Company registered number: 04757426
STATEMENT OF FINANCIAL POSITION AT 31 March 2025 (CONT.)

	Note	2025		2024
		£	£	£



	In approving these financial statements as directors of the company we hereby confirm the following:

	For the year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

	The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with section 476 of the Companies Act 2006.

	The directors acknowledge their responsibilities for: 1) ensuring that the company keeps accounting records which comply with Sections 386 and 386 of the Companies Act 2006, and 2) preparing financial statements that give a true and fair view of the state of affairs of the company at at the end of each financial year and of its profit or loss for the 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 the financial statements, so far as they are applicable to the company.


	These financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies

	In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

	The financial statements were approved and authorised for issue by the board of directors on 21 October 2025

	Signed on behalf of the board of directors



	G Cannell, Director

	The notes on pages 5-7 form part of these financial statements

	page 4



1.	SIGNIFICANT ACCOUNTING POLICIES


1a.	Statement of compliance

	G.S. Development Services Ltd, company number 04757426 is a private company limited by shares incorporated in #England & Wales>.

	Registered office:
	78 Birmingham Street Oldbury West Midlands B69 4EB


1b.	Basis of accounting

	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" and the Companies Act 2006.
	The financial statements have been prepared under the historical cost convention. The presentation currency is £ sterling.


1c.	Revenue recognition

	Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.


1d.	Borrowing costs

	Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets, until such time as the assets are substantially ready for their intended use or sale. Investment income earned on the temporary investment of specific borrowings pending their expenditure on qualifying assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.


1e.	Taxation


	Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.


1f.	Property, plant and equipment

	Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.

	Plant and machinery	Over 5 years
	Vehicles	Over 2 years
	Equipment	Over 2 years


1g.	Inventories

	Stocks are stated at the lower of cost and net realisable value. Cost includes all costs incurred in bringing each product to its present location and condition.

	The notes on pages 5-7 form part of these financial statements

	page 5



1.	SIGNIFICANT ACCOUNTING POLICIES (CONT.)


1h.	Cash and cash equivalents

	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. For the purpose of statement of cash flows, bank overdrafts which are repayable on demand form an integral part of the Company's cash management are included as a component of cash and cash equivalents.



2.	DIRECTORS AND EMPLOYEES

	The average weekly number of employees during the year were as follows:
		2025	2024
		No.	No.
	Management and administration	2	2


3.	PROPERTY, PLANT AND EQUIPMENT
		Plant &	Fixtures &
		Machinery	Equipment	Total
		£	£	£
	Cost

	At 1 April 2024	267,370	16,288	283,658
	Additions	1,817	2,248	4,065

	Disposals	(108,399)	-	(108,399)
	At 31 March 2025	160,788	18,536	179,324

	Depreciation

	At 1 April 2024	171,619	16,075	187,694
	Disposals	(49,660)	-	(49,660)
	For the year	20,912	1,337	22,249
	At 31 March 2025	142,871	17,412	160,283

	Net Book Amounts

	At 31 March 2025	17,917	1,124	19,041
	At 31 March 2024	95,751	213	95,964

	The notes on pages 5-7 form part of these financial statements

	page 6



4.	DEBTORS	2025	2024
		£	£
	Trade debtors	181,167	274,100
	Social security and other taxes	-	16,122
	Other debtors	3,070	3,548
		£184,237	£293,770



5.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2025	2024
		£	£
	Bank loans and overdrafts	10,648	10,668
	Finance leases and hire purchase contracts	2,037	20,494
	Trade creditors	18,875	126,866
	Other taxes and social security	11,876	9,158
	Proposed dividend	45,000	-
	Accruals and deferred income	2,875	3,211
		£91,311	£170,397



6.	CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR
		2025	2024
		£	£
	Bank loans and overdrafts	5,952	15,291
	Finance leases and hire purchase contracts	-	42,297
		£5,952	£57,588



	Analysis of borrowings:

	Due within five years:
	within 1 year
	bank	10,648	10,668
	leases	2,037	20,494
	within 2-5 years
	bank	5,952	15,291
	leases	-	42,297
		£18,637	£88,750

	The notes on pages 5-7 form part of these financial statements

	page 7