REGISTERED NUMBER: 03283242 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

The Gas Company (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr I Corlyon

Mr K R Barnes

Mrs E Corlyon

Ms J Greenwood

Mr M G Cross

Mrs J Findlay

SECRETARY:

Ms J Greenwood

REGISTERED OFFICE:

1 Bontoft Avenue

National Avenue

Hull

East Yorkshire

HU5 4HF

REGISTERED NUMBER:

03283242 (England and Wales)

FIXED ASSETS

Tangible assets

4

409,080

483,455

CURRENT ASSETS

Stocks

64,300

64,000

Debtors

5

1,588,020

1,549,061

Cash at bank

1,255,229

824,254

2,907,549

2,437,315

CREDITORS

Amounts falling due within one year

6

1,964,531

1,641,850

NET CURRENT ASSETS

943,018

795,465

TOTAL ASSETS LESS CURRENT LIABILITIES

1,352,098

1,278,920

CREDITORS

Amounts falling due after more than one year

7

(84,481

)

(148,774

)

PROVISIONS FOR LIABILITIES

(100,646

)

(106,429

)

NET ASSETS

1,166,971

1,023,717

CAPITAL AND RESERVES

Called up share capital

110

110

Retained earnings

1,166,861

1,023,607

1,166,971

1,023,717

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

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:

(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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2025 and were signed on its behalf by:

Ms J Greenwood - Director

Mr M G Cross - Director

1.	STATUTORY INFORMATION

The Gas Company (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 goods & services, excluding Value Added Tax.

Revenue recognition

Revenue is recognised under an exchange transaction with a customer when, and to the extent that, the company receives a right to consideration from its performance.

Part completed contracts at the year-end that fulfil the criteria are included in these financial statements based on their fair value of the right to consideration at the balance sheet date.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 15% on cost, 15% on reducing balance and 10% on cost

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks

Stocks are valued at the lower of costs and and estimated selling price less costs to complete and sell.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which its related revenue is recognised. The amount of any write-down of stocks to net realisable value and losses of stocks are recognised as an expenses in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 104 (2024 - 104 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

1,189,895

Additions

54,233

Disposals

(32,769

)

At 31 March 2025

1,211,359

DEPRECIATION

At 1 April 2024

706,440

Charge for year

127,944

Eliminated on disposal

(32,105

)

At 31 March 2025

802,279

NET BOOK VALUE

At 31 March 2025

409,080

At 31 March 2024

483,455

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

358,328

DEPRECIATION

At 1 April 2024

84,701

Charge for year

68,407

At 31 March 2025

153,108

NET BOOK VALUE

At 31 March 2025

205,220

At 31 March 2024

273,627

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

1,530,177

1,498,161

Other debtors

57,843

50,900

1,588,020

1,549,061

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts (see note 8)

64,193

64,193

Trade creditors

1,217,705

908,480

Taxation and social security

611,536

582,957

Other creditors

71,097

86,220

1,964,531

1,641,850

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts (see note 8)

84,481

148,774

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

31.3.25

31.3.24

£

£

Gross obligations repayable:

Within one year

77,631

77,631

Between one and five years

103,050

180,681

180,681

258,312

Finance charges repayable:

Within one year

13,438

13,438

Between one and five years

18,569

31,907

32,007

45,345

Net obligations repayable:

Within one year

64,193

64,193

Between one and five years

84,481

148,774

148,674

212,967

Non-cancellable

operating leases

31.3.25

31.3.24

£

£

Within one year

88,103

81,140

Between one and five years

52,861

107,448

140,964

188,588

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire purchase contracts

148,674

212,967

Amounts included within hire purchase are secured on the assets they relate to.

10.	RELATED PARTY DISCLOSURES

The directors' pension scheme owns the land and buildings on the National Avenue Industrial Estate from which the company operates. The rent paid to the pension scheme amounted to £25,000 (2024 - £18,200).