REGISTERED NUMBER: SC509015 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

GSW TRANSPORT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs S Welsh

REGISTERED OFFICE:

Level One

211 Dumbarton Road

Mansfield Park

Glasgow

G11 6AA

REGISTERED NUMBER:

SC509015 (Scotland)

ACCOUNTANTS:

Independent Accountants in Scotland Limited

Level One

211 Dumbarton Road

Mansfield Park

Glasgow

G11 6AA

FIXED ASSETS

Intangible assets

4

-

1,100

Tangible assets

5

187,680

29,060

187,680

30,160

CURRENT ASSETS

Stocks

39,342

23,708

Debtors

6

326,665

366,356

Cash at bank

21,381

27,773

387,388

417,837

CREDITORS

Amounts falling due within one year

7

399,795

374,993

NET CURRENT (LIABILITIES)/ASSETS

(12,407

)

42,844

TOTAL ASSETS LESS CURRENT LIABILITIES

175,273

73,004

CREDITORS

Amounts falling due after more than one year

8

116,600

16,465

NET ASSETS

58,673

56,539

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

58,573

56,439

SHAREHOLDERS' FUNDS

58,673

56,539

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 December 2025 and were signed by:

Mrs S Welsh - Director

1.	STATUTORY INFORMATION

GSW Transport Limited is a private company, limited by shares , registered in Scotland. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

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.

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

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

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 July 2024

and 30 June 2025

11,000

AMORTISATION

At 1 July 2024

9,900

Charge for year

1,100

At 30 June 2025

11,000

NET BOOK VALUE

At 30 June 2025

-

At 30 June 2024

1,100

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2024

79,597

Additions

171,979

At 30 June 2025

251,576

DEPRECIATION

At 1 July 2024

50,537

Charge for year

13,359

At 30 June 2025

63,896

NET BOOK VALUE

At 30 June 2025

187,680

At 30 June 2024

29,060

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/25

30/6/24

£

£

Trade debtors

326,665

366,356

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/25

30/6/24

£

£

Bank loans and overdrafts

6,100

-

Trade creditors

64,237

24,273

Taxation and social security

168,472

168,393

Other creditors

160,986

182,327

399,795

374,993

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30/6/25

30/6/24

£

£

Bank loans

-

16,465

Other creditors

116,600

-

116,600

16,465

30/6/25

30/6/24

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

16,465