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REGISTERED NUMBER: 09521161 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2025

for

Gse Smart Repair Ltd

Gse Smart Repair Ltd (Registered number: 09521161)

Contents of the Financial Statements

for the Year Ended 30 April 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Gse Smart Repair Ltd

Company Information

for the Year Ended 30 April 2025

| DIRECTORS: | Mrs C Allen

| Mr B Allen

| REGISTERED OFFICE: | Unit 1 The Cam Centre

| Wilbury Way

| Hitchin

| Hertfordshire

| SG4 0TW

| REGISTERED NUMBER: | 09521161 (England and Wales)

| ACCOUNTANTS: | Bracey's Accountants (Hertford) Limited

| Highoak Business Centre

| Old Wallfields

| Peg Lane

| Hertford

| Hertfordshire

| SG13 8EQ

Gse Smart Repair Ltd (Registered number: 09521161)

Balance Sheet

30 April 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 10,597 |  | 22,229 |  |

10,597 |  | 22,229 |  |

CURRENT ASSETS

Stocks | 6 | 6,000 |  | 6,000 |  |

Debtors | 7 | 61,151 |  | 43,087 |  |

Cash at bank | 36,014 |  | 13,072 |  |

103,165 |  | 62,159 |  |

CREDITORS

Amounts falling due within one year | 8 | 60,177 |  | 45,870 |  |

NET CURRENT ASSETS | 42,988 |  | 16,289 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 53,585 |  | 38,518 |  |

PROVISIONS FOR LIABILITIES | 9 | 2,013 |  | 4,224 |  |

NET ASSETS | 51,572 |  | 34,294 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 100 |  | 100 |  |

Retained earnings | 51,472 |  | 34,194 |  |

SHAREHOLDERS' FUNDS | 51,572 |  | 34,294 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Gse Smart Repair Ltd (Registered number: 09521161)

Balance Sheet - continued

30 April 2025

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 Board of Directors and authorised for issue on 5 January 2026 and were signed on its behalf by:

Mr B Allen - Director

Mrs C Allen - Director

Gse Smart Repair Ltd (Registered number: 09521161)

Notes to the Financial Statements

for the Year Ended 30 April 2025

1. | STATUTORY INFORMATION

| Gse Smart Repair Ltd 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.

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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

| The company recognises revenue when:

| The amount of revenue can be reliably measured;

| it is probable that future economic benefits will flow to the entity;

| and specific criteria have been met for each of the company's activities.

| Goodwill

| Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

| Tangible fixed assets

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

| Plant and machinery | - | 25% on cost

| Motor vehicles | - | 25% on cost

| Computer equipment | - | 50% on cost

| Stocks

| Stocks are valued at the lower of cost and net realisable value after making due allowance for

| obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of

| fixed and variable overheads.

| 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.

Gse Smart Repair Ltd (Registered number: 09521161)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2024 - 4 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 May 2024

| and 30 April 2025 | 11,275 |  |

| AMORTISATION

| At 1 May 2024

| and 30 April 2025 | 11,275 |  |

| NET BOOK VALUE

| At 30 April 2025 | - |  |

| At 30 April 2024 | - |  |

Gse Smart Repair Ltd (Registered number: 09521161)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

5. | TANGIBLE FIXED ASSETS

| Plant and |  | Motor |  | Computer |

| machinery |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ |

| COST

| At 1 May 2024 | 8,704 |  | 76,095 |  | 7,446 |  | 92,245 |  |

| Additions | - |  | 11,500 |  | 624 |  | 12,124 |  |

| Disposals | - |  | (48,954 | ) | - |  | (48,954 | ) |

| At 30 April 2025 | 8,704 |  | 38,641 |  | 8,070 |  | 55,415 |  |

| DEPRECIATION

| At 1 May 2024 | 8,704 |  | 53,866 |  | 7,446 |  | 70,016 |  |

| Charge for year | - |  | 5,020 |  | 38 |  | 5,058 |  |

| Eliminated on disposal | - |  | (30,256 | ) | - |  | (30,256 | ) |

| At 30 April 2025 | 8,704 |  | 28,630 |  | 7,484 |  | 44,818 |  |

| NET BOOK VALUE

| At 30 April 2025 | - |  | 10,011 |  | 586 |  | 10,597 |  |

| At 30 April 2024 | - |  | 22,229 |  | - |  | 22,229 |  |

6. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 6,000 |  | 6,000 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 61,151 |  | 43,087 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | - |  | 2,651 |  |

| Trade creditors | 18,912 |  | 11,456 |  |

| Tax | 18,326 |  | 12,939 |  |

| Social security and other taxes | 2,758 |  | 3,889 |  |

| VAT | 9,885 |  | 9,277 |  |

| Pension creditor | 1,293 |  | 514 |  |

| Directors' current accounts | 2,905 |  | 70 |  |

| Accrued expenses | 6,048 |  | 4,100 |  |

| Wages control | 50 |  | 974 |  |

60,177 |  | 45,870 |  |

9. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax | 2,013 |  | 4,224 |  |

Gse Smart Repair Ltd (Registered number: 09521161)

Notes to the Financial Statements - continued

for the Year Ended 30 April 2025

9. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 1 May 2024 | 4,224 |  |

| Credit to Profit and Loss Account during year | (2,211 | ) |

| Balance at 30 April 2025 | 2,013 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | A shares | £1 | 100 |  | 100 |  |

11. | RELATED PARTY DISCLOSURES

| At the end of the year £2,905 was owed to the directors (2024 - £70). This loan is interest free and

| repayable on demand.

12. | ULTIMATE CONTROLLING PARTY

| The ultimate controlling party is Mr B Allen and Mrs C Allen by virtue of their joint shareholding.