GHS Direct Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

1. General Information

GHS Direct Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02770791 . The registered office is 46 Hullbridge Road, South Woodham Ferrers, Essex, CM3 5NG.

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. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Other intangible assets are amortised to profit and loss account over their estimated economic life of 20 years.

2.4. Tangible Fixed Assets and Depreciation

Nil

Freehold	Nil
Plant & Machinery	25% reducing balance
Fixtures & Fittings	25% reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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GHS Direct Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2024: 14)

4. Intangible Assets

	Other
	£
Cost
As at 1 January 2025	7,170

As at 31 December 2025	7,170

Amortisation
As at 1 January 2025	4,467
Provided during the period	1,434

As at 31 December 2025	5,901

Net Book Value
As at 31 December 2025	1,269

As at 1 January 2025	2,703

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£
Cost or Valuation
As at 1 January 2025	330,000	56,474	6,910	393,384
Additions	-	2,019	-	2,019
Revaluation	390,000	-	-	390,000

As at 31 December 2025	720,000	58,493	6,910	785,403

Depreciation
As at 1 January 2025	-	29,788	6,910	36,698
Provided during the period	-	5,740	-	5,740

As at 31 December 2025	-	35,528	6,910	42,438

Net Book Value
As at 31 December 2025	720,000	22,965	-	742,965

As at 1 January 2025	330,000	26,686	-	356,686

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GHS Direct Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

6. Stocks

	2025	2024
	£	£
Materials	42,114	43,059

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	18,122	18,735
Prepayments and accrued income	8,775	8,934
Amounts owed by group undertakings	410	410

	27,307	28,079

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	21,296	35,673
Corporation tax	34,403	36,099
Other taxes and social security	5,521	4,538
VAT	20,846	19,747
Other creditors	18,596	19,325
Accruals and deferred income	4,067	3,872

	104,729	119,254

9. Share Capital

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

10. Reserves

	Revaluation Reserve
	£
As at 1 January 2025	30,367
Surplus on revaluation	390,000

As at 31 December 2025	420,367

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GHS Direct Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

11. Related Party Transactions

During the year the company paid dividends of £24,000 (2024: £21,000) to Mrs L J Barrett, a 30% shareholder.

During the year the company paid dividends of £24,000 (2024: £21,000) to Mr E W Barrett, a 30% shareholder.

During the year the company paid dividends of £16,000 (2024: £14,000) to Mr T L Barrett, a 20% shareholder.

During the year the company paid dividends of £16,000 (2024 £14,000) to Mrs S M Toma, a 20% shareholder.

Cambria Solutions Group Holdings Limited

Relationship:

Mrs L J Barrett, Mr E W Barrett and Mr T L Barrett are directors of both Cambria Solutions Group Holdings Limited and the company.

Transactions and balances:

During the year the company sold goods to and received rents from Cambria Solutions Group Holdings Limited under normal trading terms totalling £170 (2024: £170).

During the year the company purchased goods from Cambria Solutions Group Holdings Limited under normal trading terms totalling £4,859 (2024: £4,859).

At the balance sheet date Cambria Solutions Group Holdings Limited owed a balance of £17 (2024: £17) to the company. This amount is included in trade debtors.

At the balance sheet date Cambria Solutions Group Holdings Limited was owed a balance of £486 (2024: £486) from the company. This balance is included in trade creditors.

Teletrack Live Limited

Relationship:

Mrs L J Barrett, Mr E W Barrett and Mr T L Barrett are directors of both Teletrack Live Limited and the company.

Transactions and balances:

During the year the company sold goods to and received rents from Teletrack Live Limited under normal trading terms totalling £8,347 (2024: £8,299).

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,269		2,703
Tangible Assets	5		742,965		356,686

			744,234		359,389
CURRENT ASSETS
Stocks	6	42,114		43,059
Debtors	7	27,307		28,079
Cash at bank and in hand		372,749		332,029

		442,170		403,167
Creditors: Amounts Falling Due Within One Year	8	(104,729 )		(119,254 )

NET CURRENT ASSETS (LIABILITIES)			337,441		283,913

TOTAL ASSETS LESS CURRENT LIABILITIES			1,081,675		643,302

NET ASSETS			1,081,675		643,302

CAPITAL AND RESERVES
Called up share capital	9		100		100
Revaluation reserve	10		420,367		30,367
Profit and Loss Account			661,208		612,835

SHAREHOLDERS' FUNDS			1,081,675		643,302