REGISTERED NUMBER: 03775735 (England and Wales)

Natural Gas Services (Training) Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S P Eastwood

REGISTERED OFFICE:

10 Gelderd Trading Estate

West Vale

Leeds

West Yorkshire

LS12 6BD

REGISTERED NUMBER:

03775735 (England and Wales)

ACCOUNTANTS:

Smailes Goldie

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire HU2 8BA

FIXED ASSETS

Tangible assets

4

41,146

51,680

CURRENT ASSETS

Debtors

5

298,497

265,093

Cash at bank and in hand

110,591

100,424

409,088

365,517

CREDITORS

Amounts falling due within one year

6

260,965

227,628

NET CURRENT ASSETS

148,123

137,889

TOTAL ASSETS LESS CURRENT LIABILITIES

189,269

189,569

PROVISIONS FOR LIABILITIES

3,418

5,007

NET ASSETS

185,851

184,562

CAPITAL AND RESERVES

Called up share capital

8

136,500

136,500

Share premium

2,853

2,853

Capital redemption reserve

61,500

61,500

Retained earnings

(15,002

)

(16,291

)

SHAREHOLDERS' FUNDS

185,851

184,562

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 director acknowledges his 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 Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 December 2025 and were signed by:

S P Eastwood - Director

1.	STATUTORY INFORMATION

Natural Gas Services (Training) 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.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover

Turnover represents the value of services provided net of value added tax. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on the proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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

-

10% on cost

Plant and machinery

-

15% on cost

Fixtures and fittings

-

15% on cost

Taxation

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

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Employee benefits

When employees have rendered service to the company, short-term employee benefits to which the employees are entitled are recognised at the undiscounted amount expected to be paid in exchange for that service.

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Government grants

Government grants in respect of capital expenditure are credited to the profit and loss account over the estimated lives of the relevant fixed assets. The amount shown in the balance sheet as deferred government grants represents the total grants receivable to date less the amounts so far released to the profit and loss account.

Grants of a revenue nature which are made to give immediate financial support or to reimburse costs previously incurred are credited to profit and loss account in the period in which they become receivable.

Grants of a revenue nature which are made to finance general activities over a specified period or to compensate for a loss of current or future income are credited to profit and loss account in the period in which they are paid.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 16 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2024

77,355

45,371

113,770

236,496

Additions

-

-

425

425

At 31 March 2025

77,355

45,371

114,195

236,921

DEPRECIATION

At 1 April 2024

55,971

41,575

87,270

184,816

Charge for year

2,833

788

7,338

10,959

At 31 March 2025

58,804

42,363

94,608

195,775

NET BOOK VALUE

At 31 March 2025

18,551

3,008

19,587

41,146

At 31 March 2024

21,384

3,796

26,500

51,680

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

76,948

52,035

Other debtors

10,802

36,119

Amounts owed by group undertakings

200,896

168,421

Amounts owed by associated undertakings

42

-

Tax

-

8,518

VAT

9,809

-

298,497

265,093

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

12,503

14,202

Tax

2,298

-

Social security and other taxes

14,479

9,269

Other creditors

87,386

120,436

Amounts owed to group undertakings

144,299

78,286

Amounts owed to associated undertakings

-

5,435

260,965

227,628

7.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

39,101

39,101

Between one and five years

50,660

89,761

89,761

128,862

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

136,500

Ordinary

£1

136,500

136,500

9.	FINANCIAL COMMITMENTS

As at 31 March 2025 the company was in negotiations with its landlord in respect of dilapidation repair costs due to the landlord. The exact figure for these repairs costs has not yet been agreed but the directors estimate of the company's liability at the end of the lease is £58,346 (including works to be carried out directly by the company) and this has been provided in the accounts in the year ended 31 March 2014. The landlords initial assessment of cost, which is higher than the company's assessment, is considered to be excessive.

10.	ULTIMATE CONTROLLING PARTY

The parent company of the group of undertakings is NGST Group Limited, registered in England and Wales. Mission House (Hull) Holdings Limited is also the company's ultimate parent undertaking and its registered office is Mission House, 900 Hedon Road, Hull, East Yorkshire HU9 5LX.