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Company No: 01617973 (England and Wales)

# GOTT TECHNICAL SERVICES LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

GOTT TECHNICAL SERVICES LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

GOTT TECHNICAL SERVICES LIMITED

## COMPANY INFORMATION

For the financial year ended 31 March 2025
GOTT TECHNICAL SERVICES LIMITED

## COMPANY INFORMATION (continued)

For the financial year ended 31 March 2025

DIRECTORS | Brian Gott (Resigned 01 January 2026)
| Ian Harold Gott

SECRETARY | Ian Harold Gott

REGISTERED OFFICE | Coopies Lane
| Morpeth
| Northumberland
| NE61 6JJ
| United Kingdom

COMPANY NUMBER | 01617973 (England and Wales)

ACCOUNTANT | S&W Partners Newcastle Limited
| 17 Queens Lane
| Newcastle
| NE1 1RN

GOTT TECHNICAL SERVICES LIMITED

## BALANCE SHEET

As at 31 March 2025
GOTT TECHNICAL SERVICES LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 324,172 |  | 298,347
Investments | 4 | 7,334 |  | 7,334
|  | 331,506 |  | 305,681
Current assets |  |  |  |
Stocks |  | 219,520 |  | 225,216
Debtors | 5 | 329,957 |  | 265,792
Cash at bank and in hand |  | ( 25,460) |  | 55,949
|  | 524,017 |  | 546,957
Creditors: amounts falling due within one year | 6 | ( 376,430) |  | ( 315,939)
Net current assets |  | 147,587 |  | 231,018
Total assets less current liabilities |  | 479,093 |  | 536,699
Creditors: amounts falling due after more than one year | 7 | ( 92,066) |  | ( 102,067)
Provision for liabilities |  | ( 53,102) |  | ( 56,992)
Net assets |  | 333,925 |  | 377,640
Capital and reserves |  |  |  |
Called-up share capital |  | 30,000 |  | 30,000
Revaluation reserve |  | 166,627 |  | 168,465
Profit and loss account |  | 137,298 |  | 179,175
Total shareholder's funds |  | 333,925 |  | 377,640

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Gott Technical Services Limited (registered number: 01617973) were approved and authorised for issue by the Director on 16 March 2026. They were signed on its behalf by:

Ian Harold Gott Director |

GOTT TECHNICAL SERVICES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
GOTT TECHNICAL SERVICES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Gott Technical Services Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Coopies Lane, Morpeth, Northumberland, NE61 6JJ, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The functional currency of Gott Technical Services Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
These financial statements are separate financial statements.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise on monetary items.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.
Revenue is recognised depending on the nature of the sale; sales of equipment are recognised at the earlier of the date of supply or installation, sales from maintenance contracts are released when the work has been delivered and repair sales are recognised when the work has been performed.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

##### 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.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | 0 - 100 years straight line
Plant and machinery etc. | 15 % reducing balance
| 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those asset s have suffered an impairment loss. If there is an indication of possible impairment, the recoverable
amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.
If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including the director | 10 |  | 11

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery etc. |  | Total
| £ |  | £ |  | £
Cost/Valuation |  |  |  |  |
At 01 April 2024 | 265,000 |  | 52,842 |  | 317,842
Additions | 29,172 |  | 1,834 |  | 31,006
At 31 March 2025 | 294,172 |  | 54,676 |  | 348,848
Accumulated depreciation |  |  |  |  |
At 01 April 2024 | 0 |  | 19,495 |  | 19,495
Charge for the financial year | 0 |  | 5,181 |  | 5,181
At 31 March 2025 | 0 |  | 24,676 |  | 24,676
Net book value |  |  |  |  |
At 31 March 2025 | 294,172 |  | 30,000 |  | 324,172
At 31 March 2024 | 265,000 |  | 33,347 |  | 298,347

Revaluation of tangible assets

The fair value of the property at 31 March 2025 has been arrived at on the basis of a valuation carried out by the directors who are not professionally qualified valuers. The valuation, was arrived at by reference to market evidence of transaction prices for similar properties in its location.
If freehold land and buildings had not been revalued they would have been included at the following historical cost:

| 2025 |  | 2024
| £ |  | £
Historical cost | 110,422 |  | 81,250
Accumulated depreciation | (31,776) |  | (30,672)
Carrying value | 78,646 |  | 50,578

#### 4. Fixed asset investments

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 April 2024 | 7,334 |  | 7,334
At 31 March 2025 | 7,334 |  | 7,334
Carrying value at 31 March 2025 | 7,334 |  | 7,334
Carrying value at 31 March 2024 | 7,334 |  | 7,334

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 310,467 |  | 249,218
Other debtors | 19,490 |  | 16,574
| 329,957 |  | 265,792

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 10,000 |  | 10,000
Trade creditors | 297,571 |  | 231,380
Other taxation and social security | 24,927 |  | 18,324
Other creditors | 43,932 |  | 56,235
| 376,430 |  | 315,939

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 6,666 |  | 16,667
Other creditors | 85,400 |  | 85,400
| 92,066 |  | 102,067

#### 8. Related party transactions

Transactions with the entity's director

| 2025 |  | 2024
| £ |  | £
Balance brought forward | 320 |  | 320
Amounts advanced | 101 |  | 0
Amounts repaid | 0 |  | 0
Balance carried forward | 421 |  | 320

The above loan is made interest-free and is repayable on demand.