REGISTERED NUMBER: 06798016 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

GT. ELECTRIC SERVICES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Tillotson

G J Tillotson

SECRETARY:

S J Tillotson

REGISTERED OFFICE:

3 The Rookery

Peasemore

Newbury

Berks

RG20 7JY

REGISTERED NUMBER:

06798016 (England and Wales)

ACCOUNTANTS:

C B Heslop & Company Limited

Chartered Accountants

1 High Street

Thatcham

Berks

RG19 3JG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

15,903

28,374

15,903

28,374

CURRENT ASSETS

Stocks

1,000

-

Debtors

6

20,836

15,460

Cash at bank and in hand

13,438

17,381

35,274

32,841

CREDITORS

Amounts falling due within one year

7

35,007

27,713

NET CURRENT ASSETS

267

5,128

TOTAL ASSETS LESS CURRENT LIABILITIES

16,170

33,502

CREDITORS

Amounts falling due after more than one year

8

(13,144

)

(17,560

)

PROVISIONS FOR LIABILITIES

(3,022

)

(5,391

)

NET ASSETS

4

10,551

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

2

10,549

SHAREHOLDERS' FUNDS

4

10,551

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 19 November 2025 and were signed on its behalf by:

G J Tillotson - Director

1.	STATUTORY INFORMATION

Gt. Electric Services Ltd 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 represents net invoiced sales of goods and services, excluding VAT.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Office equipment

-

33% 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

10,000

AMORTISATION

At 1 June 2024

and 31 May 2025

10,000

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Office

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 June 2024

3,275

44,011

3,044

50,330

Disposals

-

(17,719

)

-

(17,719

)

At 31 May 2025

3,275

26,292

3,044

32,611

DEPRECIATION

At 1 June 2024

3,275

15,890

2,791

21,956

Charge for year

-

5,258

125

5,383

Eliminated on disposal

-

(10,631

)

-

(10,631

)

At 31 May 2025

3,275

10,517

2,916

16,708

NET BOOK VALUE

At 31 May 2025

-

15,775

128

15,903

At 31 May 2024

-

28,121

253

28,374

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

4,611

14,800

Other debtors

16,225

660

20,836

15,460

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Hire purchase contracts

3,311

6,626

Trade creditors

8,134

5,235

Taxation and social security

19,708

14,235

Other creditors

3,854

1,617

35,007

27,713

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.25

31.5.24

£

£

Hire purchase contracts

13,144

17,560

9.	CONTINGENT LIABILITIES

There were no contingent liabilities at the balance sheet date or at 31st May 2024.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2025 and 31 May 2024:

31.5.25

31.5.24

£

£

G J Tillotson

Balance outstanding at start of year

-

-

Amounts advanced

5,808

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,808

-

S J Tillotson

Balance outstanding at start of year

-

-

Amounts advanced

5,807

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,807

-

S455 tax has been charged on the above overdrawn loan account balances.

11.	ULTIMATE CONTROLLING PARTY