REGISTERED NUMBER: 15566677 (England and Wales)

Financial Statements

for the Year Ended 30 April 2025

for

FT Gas Control Systems Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D J Frazer

A Fraser

G D Eades

REGISTERED OFFICE:

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

REGISTERED NUMBER:

15566677 (England and Wales)

SENIOR STATUTORY AUDITOR:

Susanna D Ault FCCA ACA

AUDITORS:

Tomkinson Teal (Lichfield) LLP

Hanover Court

5 Queen Street

Lichfield

Staffordshire

WS13 6QD

CURRENT ASSETS

Stocks

5

36,756

-

Debtors

6

109,773

-

Cash at bank and in hand

36,266

100

182,795

100

CREDITORS

Amounts falling due within one year

7

(501,754

)

-

NET CURRENT (LIABILITIES)/ASSETS

(318,959

)

100

TOTAL ASSETS LESS CURRENT LIABILITIES

(318,959

)

100

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

(319,059

)

-

SHAREHOLDERS' FUNDS

(318,959

)

100

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 26 November 2025 and were signed on its behalf by:

D J Frazer - Director

1.	STATUTORY INFORMATION

FT Gas Control Systems 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.	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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the 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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Going concern

The company is currently reporting net liabilities of £318,484.

Liabilities due to the company's parent company Frazer & Tabberer Group Ltd and all related companies amounts to £308,973 at the Balance Sheet date. The company's parent company and related companies have agreed that only when funds come available, after discharging amounts due to creditors will they withdraw monies from the company to reduce this indebtedness. This agreement has been made to help the company manage it's cashflow.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

5.

STOCKS

2025

2024

(Unaudited)

£

£

Stocks

36,756

-

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

(Unaudited)

£

£

Trade debtors

72,872

-

Other debtors

6,059

-

VAT

30,842

-

109,773

-

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

(Unaudited)

£

£

Trade creditors

131,581

-

Amounts owed to group undertakings

341,000

-

Social security and other taxes

5,696

-

Accrued expenses

23,477

-

501,754

-

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

55

Ordinary A

£1

55

55

30

Ordinary B

£1

30

30

15

Ordinary C

£1

15

15

100

100

All classes of shares have equal rights to dividends and hold voting rights. They all rank equally in respect of the sale of the company or voluntary liquidation.

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Susanna D Ault FCCA ACA (Senior Statutory Auditor)

for and on behalf of Tomkinson Teal (Lichfield) LLP

10.	ULTIMATE CONTROLLING PARTY