GSS (NI) LIMITED

Company Registration Number:
NI606324 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 December 2024

Period of accounts

Start date: 01 January 2024

End date: 31 December 2024

GSS (NI) LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2024

Balance sheet
Notes

GSS (NI) LIMITED

Balance sheet

As at 31 December 2024


Notes
2024
2023


£
£
Fixed assets
Intangible assets: 3 48,632 81,032
Tangible assets: 4 142,697 92,762
Total fixed assets: 191,329 173,794
Current assets
Debtors:   3,088,525 1,504,363
Cash at bank and in hand: 42,398 1,743,806
Total current assets: 3,130,923 3,248,169
Creditors: amounts falling due within one year:   (2,357,442) (1,159,700)
Net current assets (liabilities): 773,481 2,088,469
Total assets less current liabilities: 964,810 2,262,263
Creditors: amounts falling due after more than one year:   (6,636,123) (7,052,847)
Total net assets (liabilities): (5,671,313) (4,790,584)
Capital and reserves
Called up share capital: 2 2
Profit and loss account: (5,671,315) (4,790,586)
Shareholders funds: (5,671,313) (4,790,584)

The notes form part of these financial statements

GSS (NI) LIMITED

Balance sheet statements

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 30 December 2025
and signed on behalf of the board by:

Name: Sean McAllister
Status: Director

The notes form part of these financial statements

GSS (NI) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible fixed assets and depreciation policy

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Plant & machinery 15% Reducing Balance Fixtures & fittings 15% Reducing Balance Computer equipment 25% Straight Line

Intangible fixed assets and amortisation policy

Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

GSS (NI) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

2. Employees

2024 2023
Average number of employees during the period 102 83

GSS (NI) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

3. Intangible Assets

Total
Cost £
At 01 January 2024 333,390
Additions 16
At 31 December 2024 333,406
Amortisation
At 01 January 2024 252,358
Charge for year 32,416
At 31 December 2024 284,774
Net book value
At 31 December 2024 48,632
At 31 December 2023 81,032

GSS (NI) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

4. Tangible Assets

Total
Cost £
At 01 January 2024 230,479
Additions 87,446
At 31 December 2024 317,925
Depreciation
At 01 January 2024 137,717
Charge for year 37,511
At 31 December 2024 175,228
Net book value
At 31 December 2024 142,697
At 31 December 2023 92,762

GSS (NI) LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2024

5. Related party transactions

Name of the related party: Plotbox Inc.
Relationship:
Parent
Description of the Transaction: The ultimate controlling party of the company is Plotbox Inc., a company incorporated in the USA. Included within Amounts owed to group undertakings and other participating interests (note 8) is a balance of £6,591,475 (December 2023: £6,881,367) owed by the company to Plotbox Inc.
£
Balance at 01 January 2024 6,881,367
Balance at 31 December 2024 6,591,475