REGISTERED NUMBER: 14774324 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Gps Autoservices Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

G P Saignes

REGISTERED OFFICE:

75 Kestrel Drive

Crewe

CW1 3YX

REGISTERED NUMBER:

14774324 (England and Wales)

ACCOUNTANTS:

Banks Sheridan

Datum House

Electra Way

Crewe

Cheshire

CW1 6ZF

FIXED ASSETS

Tangible assets

5

66,175

25,144

CURRENT ASSETS

Debtors

6

21,662

10,060

Cash at bank

19,195

12,709

40,857

22,769

CREDITORS

Amounts falling due within one year

7

(54,272

)

(28,179

)

NET CURRENT LIABILITIES

(13,415

)

(5,410

)

TOTAL ASSETS LESS CURRENT LIABILITIES

52,760

19,734

CREDITORS

Amounts falling due after more than one year

8

(44,758

)

(15,873

)

PROVISIONS FOR LIABILITIES

10

(3,082

)

(3,747

)

NET ASSETS

4,920

114

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

4,919

113

SHAREHOLDER FUNDS

4,920

114

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 director acknowledges his 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 Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 June 2026 and were signed by:

G P Saignes - Director

1.	STATUTORY INFORMATION

GPS Autoservices Ltd ('The Company') is primarily engaged in the transportation of vehicles by road.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business and the registered office is 75 Kestrel Drive, Crewe, England, CW1 3YX. The registered number can be found on the Company Information page.

The functional and presentational currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Summary of significant accounting policies

The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation

The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern

Notwithstanding the net current liabilities position shown in the balance sheet, no material uncertainties that may cast doubt about the ability of the company to continue as a going concern have been identified by the director. Therefore, the director considers it appropriate to prepare the financial statements on the going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 end of the financial period.

Deferred tax

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

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Impairment of assets

Assets not measured at fair value are reviewed for any indications that the asset may be impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

8,980

25,487

-

34,467

Additions

18,017

53,550

439

72,006

Disposals

(4,750

)

(5,800

)

-

(10,550

)

At 31 December 2025

22,247

73,237

439

95,923

DEPRECIATION

At 1 January 2025

2,951

6,372

-

9,323

Charge for year

5,232

16,716

110

22,058

Eliminated on disposal

(1,633

)

-

-

(1,633

)

At 31 December 2025

6,550

23,088

110

29,748

NET BOOK VALUE

At 31 December 2025

15,697

50,149

329

66,175

At 31 December 2024

6,029

19,115

-

25,144

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2025

-

25,487

25,487

Additions

7,300

47,750

55,050

At 31 December 2025

7,300

73,237

80,537

DEPRECIATION

At 1 January 2025

-

6,372

6,372

Charge for year

1,825

16,716

18,541

At 31 December 2025

1,825

23,088

24,913

NET BOOK VALUE

At 31 December 2025

5,475

50,149

55,624

At 31 December 2024

-

19,115

19,115

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

21,400

8,775

Other debtors

262

1,285

21,662

10,060

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

17,700

5,097

Trade creditors

1,013

99

Taxation and social security

13,764

3,572

Other creditors

21,795

19,411

54,272

28,179

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

44,758

15,873

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

62,458

20,970

The hire purchase contracts are secured over the assets to which they relate.

10.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

3,082

3,747

Deferred

tax

£

Balance at 1 January 2025

3,747

Credit to Income Statement during year

(665

)

Balance at 31 December 2025

3,082

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

An amount of £13,251 (2024: £17,538) is owed to the director and is included within creditors: amounts falling due within one year.

During the period interest payable of £384 (2024: £1,234) has been incurred by the company in respect of the director's loan. At 31 December 2025 this remains unpaid and is included with accruals: amounts falling due within one year.

12.	RELATED PARTY DISCLOSURES

At 31 December 2025 an amount of £7,500 (2024: £nil) is outstanding to persons connected to the director and this included within other creditors: amounts falling due within one year.