Company registration number 04099656 (England and Wales)
GPG SALES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
GPG SALES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
GPG SALES LIMITED
BALANCE SHEET
AS AT 30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
132,275
100,135
Current assets
Stocks
116,541
101,159
Debtors
5
451,148
464,534
Cash at bank and in hand
617,854
402,792
1,185,543
968,485
Creditors: amounts falling due within one year
6
(570,654)
(486,902)
Net current assets
614,889
481,583
Total assets less current liabilities
747,164
581,718
Creditors: amounts falling due after more than one year
7
-
0
(7,904)
Provisions for liabilities
(33,069)
(25,034)
Net assets
714,095
548,780
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
713,995
548,680
Total equity
714,095
548,780
GPG SALES LIMITED
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2025
30 September 2025
- 2 -

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 17 June 2026 and are signed on its behalf by:
P Ledsham
D Whelan
Director
Director
Company registration number 04099656 (England and Wales)
GPG SALES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 3 -
1
Accounting policies
Company information

GPG Sales Limited is a private company limited by shares incorporated in England and Wales. The registered office is Units 5 - 7, Luton Street, Liverpool, L5 9XR.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Revenue

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Leasehold
10% straight line
Plant and machinery
20% reducing balance
Fixtures, fittings & equipment
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

GPG SALES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 4 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

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

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

GPG SALES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 5 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date 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 is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Where relevant, t he cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Where relevant, t ermination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.12
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

GPG SALES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 6 -
3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
19
21
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 October 2024
33,194
390,171
423,365
Additions
-
0
60,690
60,690
At 30 September 2025
33,194
450,861
484,055
Depreciation and impairment
At 1 October 2024
33,194
290,036
323,230
Depreciation charged in the year
-
0
28,550
28,550
At 30 September 2025
33,194
318,586
351,780
Carrying amount
At 30 September 2025
-
0
132,275
132,275
At 30 September 2024
-
0
100,135
100,135
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
395,812
412,733
Other debtors
55,336
51,801
451,148
464,534
GPG SALES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 7 -
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
7,904
10,311
Trade creditors
379,721
298,633
Taxation and social security
169,087
123,494
Other creditors
13,942
54,464
570,654
486,902
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
7,904

Bank borrowing facilities available to the company are secured by fixed and floating charges over the assets of the company.

8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
2025-09-30 2024-10-01 false false false 17 June 2026 CCH Software CCH Accounts Production 2026.100 No description of principal activity P Ledsham D Whelan P Ledsham 2026-06-17 04099656 2024-10-01 2025-09-30 04099656 2025-09-30 04099656 2024-09-30 04099656 core:LandBuildings 2025-09-30 04099656 core:OtherPropertyPlantEquipment 2025-09-30 04099656 core:LandBuildings 2024-09-30 04099656 core:OtherPropertyPlantEquipment 2024-09-30 04099656 core:CurrentFinancialInstruments 2025-09-30 04099656 core:CurrentFinancialInstruments 2024-09-30 04099656 core:CurrentFinancialInstruments core:WithinOneYear 2025-09-30 04099656 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 04099656 core:Non-currentFinancialInstruments core:AfterOneYear 2025-09-30 04099656 core:Non-currentFinancialInstruments core:AfterOneYear 2024-09-30 04099656 core:ShareCapital 2025-09-30 04099656 core:ShareCapital 2024-09-30 04099656 core:RetainedEarningsAccumulatedLosses 2025-09-30 04099656 core:RetainedEarningsAccumulatedLosses 2024-09-30 04099656 core:ShareCapitalOrdinaryShareClass1 2025-09-30 04099656 core:ShareCapitalOrdinaryShareClass1 2024-09-30 04099656 bus:Director1 2024-10-01 2025-09-30 04099656 bus:Director2 2024-10-01 2025-09-30 04099656 core:LandBuildings core:LongLeaseholdAssets 2024-10-01 2025-09-30 04099656 core:PlantMachinery 2024-10-01 2025-09-30 04099656 core:FurnitureFittings 2024-10-01 2025-09-30 04099656 2023-10-01 2024-09-30 04099656 core:LandBuildings 2024-09-30 04099656 core:OtherPropertyPlantEquipment 2024-09-30 04099656 2024-09-30 04099656 core:LandBuildings 2024-10-01 2025-09-30 04099656 core:OtherPropertyPlantEquipment 2024-10-01 2025-09-30 04099656 core:Non-currentFinancialInstruments 2025-09-30 04099656 core:Non-currentFinancialInstruments 2024-09-30 04099656 bus:OrdinaryShareClass1 2024-10-01 2025-09-30 04099656 bus:OrdinaryShareClass1 2025-09-30 04099656 bus:OrdinaryShareClass1 2024-09-30 04099656 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 04099656 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 04099656 bus:FRS102 2024-10-01 2025-09-30 04099656 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 04099656 bus:CompanySecretary1 2024-10-01 2025-09-30 04099656 bus:FullAccounts 2024-10-01 2025-09-30 xbrli:pure xbrli:shares iso4217:GBP