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Company No: 12772779 (England and Wales)

# GC MAINTENANCE LTD

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

GC MAINTENANCE LTD

## Unaudited Financial Statements

For the financial year ended 31 July 2025

Contents

GC MAINTENANCE LTD

## BALANCE SHEET

As at 31 July 2025
GC MAINTENANCE LTD

## BALANCE SHEET (continued)

As at 31 July 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 115,021 |  | 141,889
Investments | 4 | 2,500 |  | 2,500
|  | 117,521 |  | 144,389
Current assets |  |  |  |
Debtors | 5 | 86,081 |  | 158,557
Cash at bank and in hand |  | 231,091 |  | 388,301
|  | 317,172 |  | 546,858
Creditors: amounts falling due within one year | 6 | ( 44,111) |  | ( 72,121)
Net current assets |  | 273,061 |  | 474,737
Total assets less current liabilities |  | 390,582 |  | 619,126
Creditors: amounts falling due after more than one year | 7 | ( 46,087) |  | ( 54,159)
Provision for liabilities | 8 | ( 28,755) |  | ( 35,472)
Net assets |  | 315,740 |  | 529,495
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 315,640 |  | 529,395
Total shareholders' funds |  | 315,740 |  | 529,495

For the financial 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.

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 GC Maintenance LTD (registered number: 12772779) were approved and authorised for issue by the Board of Directors on 01 May 2026. They were signed on its behalf by:

T A J Cordell Director |

GC MAINTENANCE LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2025
GC MAINTENANCE LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 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

GC Maintenance 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 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, 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 £.

##### Going concern

After reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

##### Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable from the sale of goods or exchange services, excluding discounts, rebates, value added tax and other sales taxes. Turnover is not recognised when goods or services are exchanged for goods or services that are of a similar nature and value or when the transaction lacks commercial substance.
Sale of goods
Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
- the company has transferred the significant risks and rewards of ownership to the buyer;
- the company retains neither continuing managerial involvement to the degree usually associated with the ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probably that the company will receive the consideration due under the transaction;
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Rendering of services
The percentage of completion method is used to calculate the revenue recognised at the period end.
Turnover from the rendering of services is recognised when all of the following conditions are satisfied:
- the amount of revenue can be measured reliably;
- it is probably that the economic benefits associated with the transaction will flow to the entity;
- the stage of completion of the transaction at the end of the reporting period can be measured reliably; and
- the costs incurred for the transaction and the costs to complete the transaction can be measured reliably.

##### Taxation

Current tax
The tax expense for the period comprises of current tax. Tax is recognised in profit or loss, 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.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

##### Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Plant and machinery | 25 % reducing balance
Vehicles | 20 % reducing balance
Office equipment | 5 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.

##### Fixed asset investments

Other investments are recognised initially at cost. Subsequently, they are measured at fair value through profit or loss using the revaluation method.

##### Trade and other debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment, except where the effect of discounting would be immaterial. In such cases debtors are stated at transaction price less impairment losses. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the transaction.

##### Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

##### Trade and other creditors

Trade and other creditors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, except where the effect of discounting would be immaterial. In such cases creditors are stated at transaction price.

##### Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. 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 are classified as financial assets at fair value through profit or loss, loans and debtors, held-to-maturity investments, available-for-sale financial assets, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial assets at initial recognition.
Financial liabilities are classified as financial liabilities at fair value through profit and loss, loans and borrowings, trade and other creditors, or as derivatives designated as hedging instruments in an effective hedge, as appropriate. The company determines the classification of its financial liabilities at initial recognition.
Recognition and measurement
All financial instruments are recognised initially at fair value plus transaction costs. Thereafter financial instruments are stated at amortised cost using the effective interest rate method (less impairment where appropriate) unless the effect of discounting would be immaterial in which case they are stated at cost (less impairment where appropriate). The exception to this are those financial instruments where it is a requirement to continue recording them at fair value through profit and loss.
Impairment
Financial assets are assessed for indicators of impairment at the end of each reporting period. Financial assets are considered to be impaired when there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows of the investment have been affected.

##### 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 directors | 3 |  | 5

#### 3. Tangible assets

| Plant and machinery |  | Vehicles |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 August 2024 | 35,668 |  | 164,741 |  | 8,870 |  | 209,279
Additions | 0 |  | 0 |  | 3,452 |  | 3,452
At 31 July 2025 | 35,668 |  | 164,741 |  | 12,322 |  | 212,731
Accumulated depreciation |  |  |  |  |  |  |
At 01 August 2024 | 16,187 |  | 48,567 |  | 2,636 |  | 67,390
Charge for the financial year | 4,871 |  | 23,235 |  | 2,214 |  | 30,320
At 31 July 2025 | 21,058 |  | 71,802 |  | 4,850 |  | 97,710
Net book value |  |  |  |  |  |  |
At 31 July 2025 | 14,610 |  | 92,939 |  | 7,472 |  | 115,021
At 31 July 2024 | 19,481 |  | 116,174 |  | 6,234 |  | 141,889

#### 4. Fixed asset investments

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 August 2024 | 5,000 |  | 5,000
At 31 July 2025 | 5,000 |  | 5,000
Provisions for impairment |  |  |
At 01 August 2024 | 2,500 |  | 2,500
At 31 July 2025 | 2,500 |  | 2,500
Carrying value at 31 July 2025 | 2,500 |  | 2,500
Carrying value at 31 July 2024 | 2,500 |  | 2,500

Included within fixed assets investments is a £2,500 investment into Cryptocurrencies. These have been revalued at 31 July 2024 using the revaluation method.

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 73,942 |  | 109,928
Other taxation and social security | 8,753 |  | 35,647
Other debtors | 3,386 |  | 12,982
| 86,081 |  | 158,557

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

| 2025 |  | 2024
| £ |  | £
Trade creditors | 30,334 |  | 41,712
Taxation and social security | 3,311 |  | 16,260
Obligations under finance leases and hire purchase contracts | 8,072 |  | 8,072
Other creditors | 2,394 |  | 6,077
| 44,111 |  | 72,121

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

| 2025 |  | 2024
| £ |  | £
Obligations under finance leases and hire purchase contracts | 46,087 |  | 54,159

There are no amounts included above in respect of which any security has been given by the small entity.

#### 8. Provision for liabilities

| 2025 |  | 2024
| £ |  | £
Deferred tax | 28,755 |  | 35,472

#### 9. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Amounts due from director | 1,291 |  | 7,755

During the year, the company made advances totalling £3,536, and repayments totalling £10,000.