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Registered number: 05518245
Specialised Gas Installations Limited
Unaudited Financial Statements
For The Year Ended 30 September 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 05518245
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 56,190 35,909
56,190 35,909
CURRENT ASSETS
Debtors 5 190,789 94,677
Cash at bank and in hand 203,315 211,818
394,104 306,495
Creditors: Amounts Falling Due Within One Year 6 (156,810 ) (63,527 )
NET CURRENT ASSETS (LIABILITIES) 237,294 242,968
TOTAL ASSETS LESS CURRENT LIABILITIES 293,484 278,877
PROVISIONS FOR LIABILITIES
Deferred Taxation (11,627 ) (1,631 )
NET ASSETS 281,857 277,246
CAPITAL AND RESERVES
Called up share capital 7 1,010 1,010
Profit and Loss Account 280,847 276,236
SHAREHOLDERS' FUNDS 281,857 277,246
Page 1
Page 2
For the year ending 30 September 2025 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
T Baker
Director
13/01/2026
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Specialised Gas Installations Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05518245 . The registered office is Unit 4, Wessenden Business Park, Prospect Road, Alresford, Hants, SO24 9QF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax. Income is recognised upon completion of an installation and as the right to consideration arises.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant & Machinery 33.33% Straight line
Motor Vehicles 25% Straight line
Computer Equipment 33.33% Straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.5. Pensions
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
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2.6. Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
2.7. Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours.
2.8. Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently atamortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2024: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 1 October 2024 12,275 92,910 4,707 109,892
Additions 165 44,990 4,461 49,616
Disposals - (32,895 ) - (32,895 )
As at 30 September 2025 12,440 105,005 9,168 126,613
Depreciation
As at 1 October 2024 12,275 58,534 3,174 73,983
Provided during the period 55 19,237 2,504 21,796
Disposals - (25,356 ) - (25,356 )
As at 30 September 2025 12,330 52,415 5,678 70,423
Net Book Value
As at 30 September 2025 110 52,590 3,490 56,190
As at 1 October 2024 - 34,376 1,533 35,909
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 182,042 86,818
Prepayments and accrued income 7,602 6,959
Other debtors 1,000 10
Other taxes and social security 145 -
Directors' loan accounts - 890
190,789 94,677
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6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 68,474 22,999
Corporation tax 46,692 7,776
Other taxes and social security - 4,657
VAT 26,964 23,521
Pension Payable 588 397
Credit Card 1,955 -
Advance received from debtors 1,120 1,119
Accruals and deferred income 1,800 3,058
Directors' loan accounts 9,217 -
156,810 63,527
7. Share Capital
2025 2024
Allotted, called up and fully paid £ £
950 Ordinary A shares of £ 1.00 each 950 1,000
10 Ordinary B shares of £ 1.00 each 10 10
50 Ordinary C shares of £ 1.00 each 50 -
1,010 1,010
Shares issued during the period: £
50 Ordinary C shares of £ 1.00 each 50
Shares disposed during the period: £
50 Ordinary A shares of £ 1.00 each (50)
8. Related Party Transactions
At the Balance Sheet date, the company owed £9,217 to the directors (2024: the directors owed £890 to the company).
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