REGISTERED NUMBER: 01772597 (England and Wales)

GBSG LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

Mr S C Wright

Mrs H E Wright

Mr N M Jackson

Mr D Simpson

Mr T Wright

Mrs K H Wright

SECRETARY:

Mrs H J Eaglen

REGISTERED OFFICE:

High Street

Donington

Spalding

Lincs

PE11 4TA

REGISTERED NUMBER:

01772597 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

5 Resolution Close

Endeavour Park

Boston

Lincolnshire

PE21 7TT

SOLICITORS:

Chattertons

28 Wide Bargate

Boston

Lincolnshire

PE21 6RT

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

223,309

218,917

223,309

218,917

CURRENT ASSETS

Stocks

503,794

655,084

Debtors

6

1,203,242

878,371

Cash at bank

866,353

645,047

2,573,389

2,178,502

CREDITORS

Amounts falling due within one year

7

2,193,293

1,800,670

NET CURRENT ASSETS

380,096

377,832

TOTAL ASSETS LESS CURRENT LIABILITIES

603,405

596,749

PROVISIONS FOR LIABILITIES

-

9,054

NET ASSETS

603,405

587,695

CAPITAL AND RESERVES

Called up share capital

9

6,800

6,800

Share premium

5,059

5,059

Retained earnings

591,546

575,836

SHAREHOLDERS' FUNDS

603,405

587,695

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2026 and were signed on its behalf by:

Mr N M Jackson - Director

1.	STATUTORY INFORMATION

GBSG LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents amounts chargeable to customers for the installation and maintenance of fire and security systems provided during the year, excluding value added tax. Revenue is recognised in the period in which services are performed.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance, 10% on cost, Straight line over 20 years and Straight line over 5 years

Tangible fixed assets are held at cost less depreciation.

Stocks

Stock is valued at the lower of cost and sales price less estimated cost to sell. Cost is determined on an average cost basis and, where applicable, includes all direct expenditure and an appropriate proportion of overheads. Work in progress is valued at cost of materials and an uplifted labour charge to cover overheads.

Financial instruments

The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits

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.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2024 - 29 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

30,000

AMORTISATION

At 1 January 2025

and 31 December 2025

30,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2025

1,221,095

Additions

86,440

Disposals

(100,191

)

At 31 December 2025

1,207,344

DEPRECIATION

At 1 January 2025

1,002,178

Charge for year

72,777

Eliminated on disposal

(90,920

)

At 31 December 2025

984,035

NET BOOK VALUE

At 31 December 2025

223,309

At 31 December 2024

218,917

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

997,606

639,211

Other debtors

205,636

239,160

1,203,242

878,371

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

897,035

817,483

Taxation and social security

130,966

65,743

Other creditors

1,165,292

917,444

2,193,293

1,800,670

8.	SECURED DEBTS

Lloyds Bank plc have a fixed and floating charge over the assets of the company.

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

6,800

Ordinary

£1

6,800

6,800