Registration number: 07329997

GBS Architectural Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 7

GBS Architectural Limited

Company Information

Directors

Mr Guy Benjamin Shorney Mr Cameron Weights

Company secretary

Mr Guy Benjamin Shorney

Registered office

60 High Street Wimbledon SW19 5EE

Accountants

Property Tax Advice Ltd 1 Market Hill Calne Wiltshire SN11 0BT

GBS Architectural Limited

(Registration number: 07329997)
Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	107,592	120,029
Current assets
Debtors	6	20,731	25,106
Cash at bank and in hand		25,952	27,986
		46,683	53,092
Creditors: Amounts falling due within one year	7	(35,914)	(33,739)
Net current assets		10,769	19,353
Total assets less current liabilities		118,361	139,382
Creditors: Amounts falling due after more than one year	7	(116,870)	(136,631)
Net assets		1,491	2,751
Capital and reserves
Called up share capital		101	101
Retained earnings		1,390	2,650
Shareholders' funds		1,491	2,751

For the financial year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 8 October 2025 and signed on its behalf by:
 

......................................... Mr Guy Benjamin Shorney Company secretary and director

GBS Architectural Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
60 High Street
Wimbledon
SW19 5EE

These financial statements were authorised for issue by the Board on 8 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture and fixtures	25% reduced balance
Computer equipment	25% reduced balance

GBS Architectural Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

2	Accounting policies (continued)

Motor vehicles

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

GBS Architectural Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

4	Profit before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	12,811	12,679

GBS Architectural Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

5	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 August 2024	51,366	122,395	173,761
Additions	374	-	374
At 31 July 2025	51,740	122,395	174,135
Depreciation
At 1 August 2024	41,942	11,790	53,732
Charge for the year	2,450	10,361	12,811
At 31 July 2025	44,392	22,151	66,543
Carrying amount
At 31 July 2025	7,348	100,244	107,592
At 31 July 2024	9,424	110,605	120,029

6

Debtors

Current	Note	2025 £	2024 £
Trade debtors		-	4,824
Amounts owed by related parties		19,088	19,088
Prepayments		1,643	1,168
Other debtors		-	26
		20,731	25,106

7

Creditors

Creditors: amounts falling due within one year

GBS Architectural Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2025 (continued)

7	Creditors (continued)

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	16,544	18,880
Trade creditors		-	330
Taxation and social security		16,033	11,581
Accruals and deferred income		375	375
Other creditors		2,962	2,573
		35,914	33,739

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	116,870	136,631

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	31,304	37,322
Other borrowings	85,566	99,309
	116,870	136,631

Current loans and borrowings

	2025 £	2024 £
Bank overdrafts	16,544	18,880