GDS Radios Ltd

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

1. General Information

GDS Radios Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC466121 . The registered office is Unit 7, 3 Bowerwalls Place, Barrhead, Glasgow, G78 1BF.

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. 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:

Leasehold	10% on cost
Motor Vehicles	25% on cost
Fixtures & Fittings	15% on cost
Computer Equipment	15% on cost

Change in Depreciation Estimate

During the year, the company revised the estimated useful economic life of its fixtures and fittings from a reducing balance basis to a straight line basis, based on a reassessment of the assets' usage and maintenance. The revised estimate will be applied prospectively and the impact on future periods is not expected to be material.

Accounting Policy Note (updated):

Fixtures and fittings are stated at cost less accumulated depreciation. Depreciation is provided on a straight-line basis over their estimated useful economic lives, which is now assessed at on a straight line basis (previously a reducing balance basis).

2.4. 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.

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GDS Radios Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

2.5. 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 years 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.

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 assets reflect 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 and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are 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: 8 (2024: 8)

4. Tangible Assets

	Land & Property
	Leasehold	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 September 2024	34,300	-	577,633	5,118	617,051
Additions	-	2,500	65,978	2,519	70,997
Disposals	-	-	(25,126 )	-	(25,126 )

As at 31 August 2025	34,300	2,500	618,485	7,637	662,922

Depreciation
As at 1 September 2024	21,496	-	397,889	2,960	422,345
Provided during the period	3,430	573	46,599	974	51,576

As at 31 August 2025	24,926	573	444,488	3,934	473,921

Net Book Value
As at 31 August 2025	9,374	1,927	173,997	3,703	189,001

As at 1 September 2024	12,804	-	179,744	2,158	194,706

5. Stocks

	2025	2024
	£	£
Stock	139,814	124,599

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GDS Radios Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	87,821	70,943
Amounts owed by group undertakings	890	88,054
Other debtors	69,518	76,107

	158,229	235,104

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	63,309	73,111
Bank loans and overdrafts	99,686	96,967
Amounts owed to participating interests	30,080	65,987
Other creditors	383	311
Taxation and social security	230,748	227,724

	424,206	464,100

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

	2025	2024
	£	£
Bank loans	20,149	57,724

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	104	100

10. Related Party Transactions

During the year the company entered into the following transactions with related parties:

During the year, the company provided loans to Integra Energy Solutions (UK) Ltd of £96,583 (2024: £88,054. It was determine post-year end that this balance was unrecoverable as Integra Energy Solutions (UK) Ltd has an active proposal to strike-off the company. The directors consider that no funds would be recoverable and made the decision to declare the outstanding balance as a bad debt. The total of the bad debt amounted to £96,583 and the balance carried forward is £Nil. George Kolasinski and wife Fiona Kolasinski are the majority shareholders in GDS Radios Ltd. George Kolasinksi is the sole director and shareholder of Integra Energy Solutions (UK) Ltd.

During the year GDS Radios Ltd provided loans to GF Consultancy Sco Ltd of £890 (2024,GDS Radios Ltd received loans from GF Consultancy Sco Ltd of £29,928). George Kolasinski and wife Fiona Kolasinski are the majority shareholders in GDS Radios Ltd. George Kolasinski is the director and George Kolasinski and wife Fiona Kolasinski are the shareholders of GF Consultancy Sco Ltd.

Amounts due from related parties:

During the year GDS Radios Ltd received loans from GDS Security a partnership of £30,080 (2024 £36,059).

Included in other debtors:

Loans of £8,989 (2024 £31,245) owed from George Kolasinski and wife Fiona Kolasinski the majority shareholders.

...CONTINUED

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GDS Radios Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 August 2025

10. Related Party Transactions - continued

Loans to directors totalling £46,841 are included in other debtors. These loans are repayable on demand and were repaid within 9 months of the year end.

George Kolasinski, shareholder, received rental payments totalling £24,000 (2024 £24,000), consultancy fees totalling £26,000 (2024 £20,250), insurance payments totalling £600 (2024 £600) and maintenance payments totalling £1,800 (2024 £1800).

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		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		189,001		194,706

			189,001		194,706
CURRENT ASSETS
Stocks	5	139,814		124,599
Debtors	6	158,229		235,104
Cash at bank and in hand		33,560		21,095

		331,603		380,798
Creditors: Amounts Falling Due Within One Year	7	(424,206 )		(464,100 )

NET CURRENT ASSETS (LIABILITIES)			(92,603 )		(83,302 )

TOTAL ASSETS LESS CURRENT LIABILITIES			96,398		111,404

Creditors: Amounts Falling Due After More Than One Year	8		(20,149 )		(57,724 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(47,250 )		(48,677 )

NET ASSETS			28,999		5,003

CAPITAL AND RESERVES
Called up share capital	9		104		100
Profit and Loss Account			28,895		4,903

SHAREHOLDERS' FUNDS			28,999		5,003