REGISTERED NUMBER: 09220315 (England and Wales)

Gosal Associates Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

B K Gosal

M S Gosal

SECRETARY:

B K Gosal

REGISTERED OFFICE:

12 Bridgford Road

West Bridgford

Nottingham

NG2 6AB

REGISTERED NUMBER:

09220315 (England and Wales)

ACCOUNTANTS:

Brooks Mayfield Limited

Chartered Accountants

12 Bridgford Road

West Bridgford

Nottinghamshire

NG2 6AB

FIXED ASSETS

Tangible assets

5

265,172

261,987

Investments

6

3,187,793

3,198,393

3,452,965

3,460,380

CURRENT ASSETS

Debtors

7

11,210

16,231

Cash at bank

28,980

190,564

40,190

206,795

CREDITORS

Amounts falling due within one year

8

1,790,410

1,669,716

NET CURRENT LIABILITIES

(1,750,220

)

(1,462,921

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,702,745

1,997,459

CREDITORS

Amounts falling due after more than one year

9

612,259

1,063,805

NET ASSETS

1,090,486

933,654

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

1,090,386

933,554

SHAREHOLDERS' FUNDS

1,090,486

933,654

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 December 2025 and were signed on its behalf by:

M S Gosal - Director

1.	STATUTORY INFORMATION

Gosal Associates 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements

The company has taken advantage of the option not to prepare consolidated financial statements contained in section 398 of the Companies Act 2016 on the basis that the company and its subsidiary undertakings comprise of a small group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Land and buildings

-

Nil as measured at valuation

Plant and machinery etc

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

261,031

4,555

265,586

Additions

-

4,565

4,565

At 31 March 2025

261,031

9,120

270,151

DEPRECIATION

At 1 April 2024

-

3,599

3,599

Charge for year

-

1,380

1,380

At 31 March 2025

-

4,979

4,979

NET BOOK VALUE

At 31 March 2025

261,031

4,141

265,172

At 31 March 2024

261,031

956

261,987

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakin

£

COST

At 1 April 2024

3,198,393

Disposals

(10,600

)

At 31 March 2025

3,187,793

NET BOOK VALUE

At 31 March 2025

3,187,793

At 31 March 2024

3,198,393

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

942

5,130

Other debtors

10,268

11,101

11,210

16,231

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

259,295

259,803

Trade creditors

83

11,158

Amounts owed to group undertakings

1,190,754

602,461

Other creditors

340,278

796,294

1,790,410

1,669,716

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

612,259

1,063,805

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

1

100

100