REGISTERED NUMBER: 04211052 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2025

FOR

GB-SOL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M A M Candlish

R J Shea

SECRETARY:

Ms K J Bookless

REGISTERED OFFICE:

Renewable Energy Works

Treforest Industrial Estate

Cardiff

CF37 5YB

REGISTERED NUMBER:

04211052 (England and Wales)

ACCOUNTANTS:

Gowers Limited

The Old School House

Bridge Road

Hunton Bridge

Kings Langley

Hertfordshire

WD4 8SZ

FIXED ASSETS

Intangible assets

4

36,893

-

Tangible assets

5

91,278

86,712

128,171

86,712

CURRENT ASSETS

Stocks

91,850

150,420

Debtors

6

481,711

600,897

Cash at bank

114,014

240,355

687,575

991,672

CREDITORS

Amounts falling due within one year

7

(136,814

)

(301,967

)

NET CURRENT ASSETS

550,761

689,705

TOTAL ASSETS LESS CURRENT LIABILITIES

678,932

776,417

CAPITAL AND RESERVES

Called up share capital

20,866

20,866

Share premium

540,574

540,574

Other reserves

57,137

57,137

Retained earnings

60,355

157,840

SHAREHOLDERS' FUNDS

678,932

776,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3rd November 2025 and were signed on its behalf by:

M A M Candlish - Director

1.	STATUTORY INFORMATION

GB-Sol Limited 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.

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

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

Improvements to property

-

12.5% on cost

Plant and machinery

-

25% on cost

Stocks

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

Taxation

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 24 (2024 - 22 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

38,738

At 30th June 2025

38,738

AMORTISATION

Charge for year

1,845

At 30th June 2025

1,845

NET BOOK VALUE

At 30th June 2025

36,893

5.	TANGIBLE FIXED ASSETS

Improvements

to

Plant and

property

machinery

Totals

£

£

£

COST

At 1st July 2024

66,468

170,553

237,021

Additions

-

27,617

27,617

At 30th June 2025

66,468

198,170

264,638

DEPRECIATION

At 1st July 2024

4,931

145,378

150,309

Charge for year

8,308

14,743

23,051

At 30th June 2025

13,239

160,121

173,360

NET BOOK VALUE

At 30th June 2025

53,229

38,049

91,278

At 30th June 2024

61,537

25,175

86,712

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

133,949

116,561

Amounts owed by group undertakings

241,138

464,987

Other debtors

106,624

19,349

481,711

600,897

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

1,415

Trade creditors

20,733

42,023

Amounts owed to group undertakings

4,737

92,004

Taxation and social security

100,635

158,388

Other creditors

10,709

8,137

136,814

301,967

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

53,087

53,607

Between one and five years

-

52,567

53,087

106,174