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GROUP GEAR LIMITED

Registered Number
07822851
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2025

GROUP GEAR LIMITED
Company Information
for the year from 1 January 2025 to 31 December 2025

Directors | CASWELL, John Graham
| YOUNG, Lea William

Registered Address | Unit 1 Antler Buildings
| Bromsgrove Road
| Halesowen
| B63 3HJ

Registered Number | 07822851 (England and Wales)

GROUP GEAR LIMITED
Statement of Financial Position
31 December 2025

| Notes | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |
Tangible assets | 3 |  |  | 81,639 |  |  |  | 34,105
|  |  |  | 81,639 |  |  |  | 34,105
Current assets |  |  |  |  |  |  |  |
Stocks | 4 | 413,998 |  |  |  | 421,067 |  |
Debtors | 5 | 747,842 |  |  |  | 724,142 |  |
Cash at bank and on hand |  | 29,496 |  |  |  | 27,308 |  |
|  | 1,191,336 |  |  |  | 1,172,517 |  |
Creditors amounts falling due within one year | 6 | (838,727) |  |  |  | (855,168) |  |
Net current assets (liabilities) |  |  |  | 352,609 |  |  |  | 317,349
Total assets less current liabilities |  |  |  | 434,248 |  |  |  | 351,454
Creditors amounts falling due after one year | 7 |  |  | (65,813) |  |  |  | (22,017)
Provisions for liabilities | 10 |  |  | (19,320) |  |  |  | (7,197)
Net assets |  |  |  | 349,115 |  |  |  | 322,240
Capital and reserves |  |  |  |  |  |  |  |
Called up share capital |  |  |  | 116 |  |  |  | 120
Other reserves |  |  |  | 184 |  |  |  | 180
Profit and loss account |  |  |  | 348,815 |  |  |  | 321,940
Shareholders' funds |  |  |  | 349,115 |  |  |  | 322,240

- The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
- The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 2 April 2026, and are signed on its behalf by:
CASWELL, John Graham Director
YOUNG, Lea William Director Registered Company No. 07822851

GROUP GEAR LIMITED
Notes to the Financial Statements
for the year ended 31 December 2025

1. | Accounting policies
--- | ---

| Statutory information
--- | ---
| The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

| Basis of preparation
--- | ---
| 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 as modified by the revaluation of certain assets.

| Turnover policy
--- | ---
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Employee benefits
--- | ---
| Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

| Defined contribution pension plan
--- | ---
| The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

| Foreign currency translation
--- | ---
| Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

| Current 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 between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

| Tangible fixed assets and depreciation
--- | ---
| All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

|  | Reducing balance (%) |  | Straight line (years)
| Plant and machinery | - |  | 2
| Vehicles | 25 |  | -

| Finance leases and hire purchase contracts
--- | ---
| Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

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

2. | Average number of employees
--- | ---

|  | 2025 |  | 2024
| Average number of employees during the year | 11 |  | 11

3. | Tangible fixed assets
--- | ---

|  | Plant & machinery |  | Vehicles |  | Total
--- | --- | --- | --- | --- | --- | ---
|  | £ |  | £ |  | £
| Cost or valuation
| At 01 January 25 | 74,503 |  | 34,495 |  | 108,998
| Additions | 728 |  | 66,918 |  | 67,646
| Disposals | (3,933) |  | - |  | (3,933)
| At 31 December 25 | 71,298 |  | 101,413 |  | 172,711
| Depreciation and impairment
| At 01 January 25 | 71,300 |  | 3,593 |  | 74,893
| Charge for year | 2,014 |  | 18,098 |  | 20,112
| On disposals | (3,933) |  | - |  | (3,933)
| At 31 December 25 | 69,381 |  | 21,691 |  | 91,072
| Net book value
| At 31 December 25 | 1,917 |  | 79,722 |  | 81,639
| At 31 December 24 | 3,203 |  | 30,902 |  | 34,105

4. | Stocks
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Finished goods | 413,998 |  | 421,067
| Total | 413,998 |  | 421,067

5. | Debtors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade debtors / trade receivables | 429,951 |  | 462,467
| Amounts owed by group undertakings | 290,788 |  | 207,441
| Other debtors | - |  | 26,461
| Prepayments and accrued income | 27,103 |  | 27,773
| Total | 747,842 |  | 724,142

6. | Creditors: amounts due within one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Trade creditors / trade payables | 278,891 |  | 231,612
| Bank borrowings and overdrafts | 350,822 |  | 402,536
| Taxation and social security | 84,012 |  | 93,481
| Finance lease and HP contracts | 17,848 |  | 6,200
| Other creditors | 107,154 |  | 121,339
| Total | 838,727 |  | 855,168

7. | Creditors: amounts due after one year
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Other creditors | 65,813 |  | 22,017
| Total | 65,813 |  | 22,017

8. | Secured creditors
--- | ---
| The bank loan is secured by a fixed and floating charge over the company's assets.

9. | Obligations under finance leases
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Finance lease and HP contracts | 83,661 |  | 28,217

10. | Provisions for liabilities
--- | ---

|  | 2025 |  | 2024
--- | --- | --- | --- | ---
|  | £ |  | £
| Net deferred tax liability (asset) | 19,320 |  | 7,197
| Total | 19,320 |  | 7,197

11. | Parent-subsidiary relationships
--- | ---
| The ultimate controlling party is Group Gear Holdings Ltd. The parent company is Group Gear Holdings Ltd, a company incorporated and domiciled in the United Kingdom.