REGISTERED NUMBER: 03146221

Unaudited Financial Statements For The Year Ended 31 January 2025

for

Gastec Training & Assessment Centres

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S J Jenkins

M Jenkins

SECRETARY:

S J Jenkins

REGISTERED OFFICE:

Mill House

58 Guildford Street

Chertsey

Surrey

KT16 9BE

REGISTERED NUMBER:

03146221

ACCOUNTANTS:

Fuller Spurling

Mill House

58 Guildford Street

Chertsey

Surrey

KT16 9BE

FIXED ASSETS

Tangible assets

4

7,212

13,943

CURRENT ASSETS

Stocks

5,000

5,000

Debtors

5

130,207

128,140

Cash at bank and in hand

4,160

5,153

139,367

138,293

CREDITORS

Amounts falling due within one year

6

284,679

181,664

NET CURRENT LIABILITIES

(145,312

)

(43,371

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(138,100

)

(29,428

)

CREDITORS

Amounts falling due after more than one year

7

(2,858

)

(14,117

)

PROVISIONS FOR LIABILITIES

(235

)

(2,430

)

NET LIABILITIES

(141,193

)

(45,975

)

CAPITAL AND RESERVES

Called up share capital

501

501

Capital Redemption Reserve

8

502

502

Retained earnings

8

(142,196

)

(46,978

)

SHAREHOLDERS' FUNDS

(141,193

)

(45,975

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 1 December 2025 and were signed on its behalf by:

S J Jenkins - Director

1.	STATUTORY INFORMATION

Gastec Training & Assessment Centres 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.

Although the balance sheet is overdrawn, the accounts are prepared on a going concern basis as it is the directors' view that the company can meet its obligations for the foreseeable future. The directors will continue to support the company via their directors' loan accounts.

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is recognised when training services are provided to customers. Where invoices are issued which cover a period which extends beyond the year end, the relevant proportion is credited to profit and loss account for the period and the amount in advance is carried forward in creditors.

Tangible fixed assets

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

Short leasehold

-

25% on cost or valuation

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Training Equipment

-

33% on cost

Computer equipment

-

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.

Financial instruments

The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

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.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors

Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 February 2024

217,176

36,138

82,922

Additions

-

-

-

At 31 January 2025

217,176

36,138

82,922

DEPRECIATION

At 1 February 2024

211,803

36,138

82,278

Charge for year

2,303

-

523

At 31 January 2025

214,106

36,138

82,801

NET BOOK VALUE

At 31 January 2025

3,070

-

121

At 31 January 2024

5,373

-

644

Training

Computer

Equipment

equipment

Totals

£

£

£

COST

At 1 February 2024

210,443

43,195

589,874

Additions

1,430

-

1,430

At 31 January 2025

211,873

43,195

591,304

DEPRECIATION

At 1 February 2024

207,909

37,803

575,931

Charge for year

3,011

2,324

8,161

At 31 January 2025

210,920

40,127

584,092

NET BOOK VALUE

At 31 January 2025

953

3,068

7,212

At 31 January 2024

2,534

5,392

13,943

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

89,511

88,471

Other debtors

11,927

14,677

Tax

6,673

6,314

Prepayments

22,096

18,678

130,207

128,140

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

66,200

44,614

Trade creditors

9,283

11,751

Social security and other taxes

6,220

10,579

VAT

2,035

2,563

Other creditors

67,183

91,452

Directors' current accounts

108,058

16,432

Accrued expenses

25,700

4,273

284,679

181,664

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans - 2-5 years

2,858

14,117

8.

RESERVES

Capital

Retained

Redemption

earnings

Reserve

Totals

£

£

£

At 1 February 2024

(46,978

)

502

(46,476

)

Deficit for the year

(95,218

)

(95,218

)

At 31 January 2025

(142,196

)

502

(141,694

)