Silverfin false false 31/01/2026 01/02/2025 31/01/2026 Dr D C Bristol 30/01/2023 Ms D L McLaughlin 30/01/2023 15 April 2026 The principal activities of the company during the financial year were the export of electric/hybrid vehicles; and provision of remote diagnostic support, technical information and parts procurement services. 14624740 2026-01-31 14624740 bus:Director1 2026-01-31 14624740 bus:Director2 2026-01-31 14624740 core:CurrentFinancialInstruments 2026-01-31 14624740 core:CurrentFinancialInstruments 2025-01-31 14624740 2025-01-31 14624740 core:ShareCapital 2026-01-31 14624740 core:ShareCapital 2025-01-31 14624740 core:RetainedEarningsAccumulatedLosses 2026-01-31 14624740 core:RetainedEarningsAccumulatedLosses 2025-01-31 14624740 2025-02-01 2026-01-31 14624740 bus:FilletedAccounts 2025-02-01 2026-01-31 14624740 bus:SmallEntities 2025-02-01 2026-01-31 14624740 bus:AuditExemptWithAccountantsReport 2025-02-01 2026-01-31 14624740 bus:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 14624740 bus:Director1 2025-02-01 2026-01-31 14624740 bus:Director2 2025-02-01 2026-01-31 14624740 2024-02-01 2025-01-31 iso4217:GBP xbrli:pure

Company No: 14624740 (England and Wales)

# GEARING UP UK LTD

### Unaudited Financial Statements
For the financial year ended 31 January 2026
Pages for filing with the registrar

GEARING UP UK LTD

## Unaudited Financial Statements

For the financial year ended 31 January 2026

Contents

GEARING UP UK LTD

## BALANCE SHEET

As at 31 January 2026
GEARING UP UK LTD

## BALANCE SHEET (continued)

As at 31 January 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Current assets |  |  |  |
Debtors | 3 | 45,928 |  | 34,163
Cash at bank and in hand |  | 17,410 |  | 8,082
|  | 63,338 |  | 42,245
Creditors: amounts falling due within one year | 4 | ( 39,308) |  | ( 9,282)
Net current assets |  | 24,030 |  | 32,963
Total assets less current liabilities |  | 24,030 |  | 32,963
Accruals and deferred income |  | ( 2,299) |  | ( 1,679)
Net assets |  | 21,731 |  | 31,284
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 21,631 |  | 31,184
Total shareholders' funds |  | 21,731 |  | 31,284

For the financial year ending 31 January 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge 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 Gearing Up UK Ltd (registered number: 14624740) were approved and authorised for issue by the Board of Directors on 15 April 2026. They were signed on its behalf by:

Dr D C Bristol Director |

GEARING UP UK LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2026
GEARING UP UK LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2026

##### 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

Gearing Up UK Ltd (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 Leanne House East Wing Ground, 6 Avon Close, Weymouth, DT4 9UX, 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 Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### 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 except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### 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. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

##### 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, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### 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.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

#### 2. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 2 |  | 2

The company is run and administered by the directors for whom no contract of services are in place.

#### 3. Debtors

| 2026 |  | 2025
| £ |  | £
Trade debtors | 1,754 |  | 495
Other debtors | 44,174 |  | 33,668
| 45,928 |  | 34,163

Other debtors includes an amount of £43,681 (2025: £33,026) owed by associated companies. These amounts have been provided interest-free and are repayable on demand.

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

| 2026 |  | 2025
| £ |  | £
Trade creditors | 626 |  | 308
Taxation and social security | 5,386 |  | 5,668
Other creditors | 33,296 |  | 3,306
| 39,308 |  | 9,282