City Gas Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 05881596

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		18,945		28,345

			18,945		28,345
CURRENT ASSETS
Stocks	5	2,200		2,200
Debtors	6	8,618		2,642
Cash at bank and in hand		8,599		24,224

		19,417		29,066
Creditors: Amounts Falling Due Within One Year	7	(27,679 )		(32,578 )

NET CURRENT ASSETS (LIABILITIES)			(8,262 )		(3,512 )

TOTAL ASSETS LESS CURRENT LIABILITIES			10,683		24,833

Creditors: Amounts Falling Due After More Than One Year	8		(6,768 )		(17,875 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(3,600 )		(5,386 )

NET ASSETS			315		1,572

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			215		1,472

SHAREHOLDERS' FUNDS			315		1,572

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City Gas Ltd

Balance Sheet (continued)

As At 31 July 2025

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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

Mr G D Buckton

Director

23/04/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

City Gas Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 05881596 . The registered office is 10 Griffin Drive, Ferriby Road, Hessle, East Yorkshire, HU13 0UA.

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. Significant judgements and estimations

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Althoughthese estimates are based on the Directors' best knowledge of the amount, events or actions, actual results ultimately differ from these estimates. The Directors do not consider there to be any material estimates and judgements.

2.3. Turnover

Revenue comprise the fair value of the consideration received or receivable for the rendering of services in theordinary course of the company's activities. Sales are presented, net of rebates and discounts, and value added tax.

The company recognises revenue when the amount of revenue and related cost can be reliably measured, it is probable that the collectability of the related receivables is reasonably assured and when the specific criteria for each of the company’s activities are met as follows:

Boiler installation, gas appliance service and repairs

Revenue from boiler installation, gas appliance service and repairs are recognised when the services are rendered and has been accepted by the customer. It is also recognised to the extent that it is highly probable that a reversal in the amount of revenue recognised will not occur.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	25% on cost and 20% on cost
Motor Vehicles	20% on cost
Computer Equipment	25% on cost

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. 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.

2.7. Financial Instruments

The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments, including trade and other debtors and creditors are initially recognised at transaction value and subsequently measure at their settlement value.

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City Gas Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

2.8. Taxation

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

2.9. Pensions

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. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 3)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 August 2024	3,597	63,010	5,194	71,801

As at 31 July 2025	3,597	63,010	5,194	71,801

Depreciation
As at 1 August 2024	3,014	35,248	5,194	43,456
Provided during the period	583	8,817	-	9,400

As at 31 July 2025	3,597	44,065	5,194	52,856

Net Book Value
As at 31 July 2025	-	18,945	-	18,945

As at 1 August 2024	583	27,762	-	28,345

5. Stocks

	2025	2024
	£	£
Stock	2,200	2,200

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City Gas Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 July 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	607	1,265
Other debtors	8,011	1,377

	8,618	2,642

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	6,108	5,712
Other creditors	20,172	25,253
Taxation and social security	1,399	1,613

	27,679	32,578

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	2,662	8,770
Bank loans	4,106	9,105

	6,768	17,875

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	6,488	6,488
Later than one year and not later than five years	2,703	9,191

	9,191	15,679
Less: Finance charges allocated to future periods	421	1,197

	8,770	14,482

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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