IRIS Accounts Production v26.1.10.61 02583734 Board of Directors 1.2.25 31.1.26 31.1.26 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02583734 2025-01-31 02583734 2026-01-31 02583734 2025-02-01 2026-01-31 02583734 2024-01-31 02583734 2024-02-01 2025-01-31 02583734 2025-01-31 02583734 ns15:EnglandWales 2025-02-01 2026-01-31 02583734 ns14:PoundSterling 2025-02-01 2026-01-31 02583734 ns10:Director1 2025-02-01 2026-01-31 02583734 ns10:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 02583734 ns10:SmallEntities 2025-02-01 2026-01-31 02583734 ns10:AuditExemptWithAccountantsReport 2025-02-01 2026-01-31 02583734 ns10:SmallCompaniesRegimeForDirectorsReport 2025-02-01 2026-01-31 02583734 ns10:SmallCompaniesRegimeForAccounts 2025-02-01 2026-01-31 02583734 ns10:FullAccounts 2025-02-01 2026-01-31 02583734 1 2025-02-01 2026-01-31 02583734 ns10:Director3 2025-02-01 2026-01-31 02583734 ns10:Director4 2025-02-01 2026-01-31 02583734 ns10:Director5 2025-02-01 2026-01-31 02583734 ns10:CompanySecretary1 2025-02-01 2026-01-31 02583734 ns10:RegisteredOffice 2025-02-01 2026-01-31 02583734 ns5:CurrentFinancialInstruments 2026-01-31 02583734 ns5:CurrentFinancialInstruments 2025-01-31 02583734 ns5:ShareCapital 2026-01-31 02583734 ns5:ShareCapital 2025-01-31 02583734 ns5:RetainedEarningsAccumulatedLosses 2026-01-31 02583734 ns5:RetainedEarningsAccumulatedLosses 2025-01-31 02583734 ns5:NetGoodwill 2025-02-01 2026-01-31 02583734 ns5:IntangibleAssetsOtherThanGoodwill 2025-02-01 2026-01-31 02583734 ns5:PlantMachinery 2025-02-01 2026-01-31 02583734 ns5:FurnitureFittings 2025-02-01 2026-01-31 02583734 ns5:MotorVehicles 2025-02-01 2026-01-31 02583734 ns5:NetGoodwill 2025-01-31 02583734 ns5:NetGoodwill 2026-01-31 02583734 ns5:NetGoodwill 2025-01-31 02583734 ns5:LongLeaseholdAssets ns5:LandBuildings 2025-01-31 02583734 ns5:PlantMachinery 2025-01-31 02583734 ns5:FurnitureFittings 2025-01-31 02583734 ns5:MotorVehicles 2025-01-31 02583734 ns5:LongLeaseholdAssets ns5:LandBuildings 2025-02-01 2026-01-31 02583734 ns5:LongLeaseholdAssets ns5:LandBuildings 2026-01-31 02583734 ns5:PlantMachinery 2026-01-31 02583734 ns5:FurnitureFittings 2026-01-31 02583734 ns5:MotorVehicles 2026-01-31 02583734 ns5:LongLeaseholdAssets ns5:LandBuildings 2025-01-31 02583734 ns5:PlantMachinery 2025-01-31 02583734 ns5:FurnitureFittings 2025-01-31 02583734 ns5:MotorVehicles 2025-01-31 02583734 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2026-01-31 02583734 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-01-31

REGISTERED NUMBER: 02583734 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

G. T. Towing Limited

G. T. Towing Limited (Registered number: 02583734)

Contents of the Financial Statements

for the Year Ended 31 January 2026

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Chartered Accountants' Report | 7 |

G. T. Towing Limited

Company Information

for the Year Ended 31 January 2026

| DIRECTORS: | Mrs S Smyth

| Mrs A Miller

| Mr A Thurgood

| Mr P Thurgood

| SECRETARY: | Mrs S Smyth

| REGISTERED OFFICE: | Great North Road

| Hatfield

| Hertfordshire

| AL9 5SD

| REGISTERED NUMBER: | 02583734 (England and Wales)

| ACCOUNTANTS: | Cartwrights

| Chartered Accountants and Business Advisors

| Regency House

| 33 Wood Street

| Barnet

| Hertfordshire

| EN5 4BE

G. T. Towing Limited (Registered number: 02583734)

Balance Sheet

31 January 2026

| 31/1/26 | 31/1/25 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 5 | - |  | - |  |

Tangible assets | 6 | 100,340 |  | 174,471 |  |

100,340 |  | 174,471 |  |

CURRENT ASSETS

Stocks | 7 | 770,360 |  | 860,151 |  |

Debtors | 8 | 73,372 |  | 60,917 |  |

Cash at bank and in hand | 1,564,596 |  | 1,196,061 |  |

2,408,328 |  | 2,117,129 |  |

CREDITORS

Amounts falling due within one year | 9 | 689,818 |  | 546,579 |  |

NET CURRENT ASSETS | 1,718,510 |  | 1,570,550 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,818,850 |  | 1,745,021 |  |

PROVISIONS FOR LIABILITIES | 24,847 |  | 43,617 |  |

NET ASSETS | 1,794,003 |  | 1,701,404 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 100 |  | 100 |  |

Retained earnings | 1,793,903 |  | 1,701,304 |  |

SHAREHOLDERS' FUNDS | 1,794,003 |  | 1,701,404 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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.

G. T. Towing Limited (Registered number: 02583734)

Balance Sheet - continued

31 January 2026

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by:

Mr P Thurgood - Director

G. T. Towing Limited (Registered number: 02583734)

Notes to the Financial Statements

for the Year Ended 31 January 2026

1. | STATUTORY INFORMATION

| G. T. Towing Limited 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.

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

| Basis of preparing the financial statements

| The financial statements have been prepared under the historical cost convention.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Goodwill

| Goodwill is recognised as an intangible asset and is initially measured at cost. After initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses.

| 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 | - | 33% on cost and 15% on cost

| Fixtures and fittings | - | 10% on cost

| Motor vehicles | - | Straight line over 5 years

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| 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 balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

G. T. Towing Limited (Registered number: 02583734)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

3. | ACCOUNTING POLICIES - continued

| 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.

4. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 21 (2025 - 20 ) .

5. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 February 2025

| and 31 January 2026 | 137,800 |  |

| AMORTISATION

| At 1 February 2025

| and 31 January 2026 | 137,800 |  |

| NET BOOK VALUE

| At 31 January 2026 | - |  |

| At 31 January 2025 | - |  |

6. | TANGIBLE FIXED ASSETS

| Fixtures |

| Long |  | Plant and |  | and |  | Motor |

| leasehold |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 February 2025 | 10,400 |  | 200,869 |  | 309,627 |  | 363,047 |  | 883,943 |  |

| Disposals | - |  | (130,423 | ) | (92,184 | ) | 42,526 |  | (180,081 | ) |

| At 31 January 2026 | 10,400 |  | 70,446 |  | 217,443 |  | 405,573 |  | 703,862 |  |

| DEPRECIATION

| At 1 February 2025 | 10,400 |  | 198,749 |  | 230,105 |  | 270,218 |  | 709,472 |  |

| Charge for year | - |  | 1,956 |  | 9,871 |  | 52,255 |  | 64,082 |  |

| Eliminated on disposal | - |  | (130,422 | ) | (82,136 | ) | 42,526 |  | (170,032 | ) |

| At 31 January 2026 | 10,400 |  | 70,283 |  | 157,840 |  | 364,999 |  | 603,522 |  |

| NET BOOK VALUE

| At 31 January 2026 | - |  | 163 |  | 59,603 |  | 40,574 |  | 100,340 |  |

| At 31 January 2025 | - |  | 2,120 |  | 79,522 |  | 92,829 |  | 174,471 |  |

7. | STOCKS

| 31/1/26 |  | 31/1/25

£ | £ |

| Finished goods | 770,360 |  | 860,151 |  |

G. T. Towing Limited (Registered number: 02583734)

Notes to the Financial Statements - continued

for the Year Ended 31 January 2026

8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/1/26 |  | 31/1/25

£ | £ |

| Trade debtors | 64,559 |  | 52,806 |  |

| Staff loans | 210 |  | 445 |  |

| Prepayments | 8,603 |  | 7,666 |  |

73,372 |  | 60,917 |  |

9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31/1/26 |  | 31/1/25

£ | £ |

| Trade creditors | 427,186 |  | 297,854 |  |

| Tax | 97,869 |  | 103,039 |  |

| Social security and other taxes | 14,597 |  | 10,777 |  |

| Pension Liability | 26,917 |  | 17,122 |  |

| VAT | 29,717 |  | 31,064 |  |

| Other creditors | 9,316 |  | 8,139 |  |

| Credit card control account | 226 |  | 488 |  |

| Accruals | 83,990 |  | 78,096 |  |

689,818 |  | 546,579 |  |

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number |  | Class |  | Nominal Value |  | 31/1/24 |  | 31/1/23 |  |

| £ |  | £ |  |

| 18 |  | B Ordinary |  | £1 |  | 18 |  | 18 |  |

| 16 |  | C Ordinary |  | £1 |  | 16 |  | 16 |  |

| 16 |  | D Ordinary |  | £1 |  | 16 |  | 16 |  |

| 16 |  | E Ordinary |  | £1 |  | 16 |  | 16 |  |

| 16 |  | F Ordinary |  | £1 |  | 16 |  | 16 |  |

| 18 |  | A Ordinary |  | £1 |  | 18 |  | 18 |  |

|  | 100 |  | 100 |  |

11. | CONTINGENT LIABILITIES

| At the balance sheet date there were no contingent liabilities of a material amount and no litigation was in progress, pending or threatened, other than as disclosed or provided in the financial statements.

12. | RELATED PARTY DISCLOSURES

| During the year the company paid £96,680 (2025: £88,300) in respect of rent to G.T. UK Estates Limited, a company under common control.

13. | ULTIMATE CONTROLLING PARTY

| The company is controlled by the directors of the company by virtue of their shareholding in the company.

Chartered Accountants' Report to the Board of Directors

on the Unaudited Financial Statements of

G. T. Towing Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of G. T. Towing Limited for the year ended 31 January 2026 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of G. T. Towing Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of G. T. Towing Limited and state those matters that we have agreed to state to the Board of Directors of G. T. Towing Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than G. T. Towing Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that G. T. Towing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of G. T. Towing Limited. You consider that G. T. Towing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of G. T. Towing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Cartwrights

Chartered Accountants and Business Advisors

Regency House

33 Wood Street

Barnet

Hertfordshire

EN5 4BE

29 May 2026