GEL Global Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 01470541 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2025

for

GEL Global Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs M Shelmerdine

D W Shelmerdine

Mrs Z Shelmerdine

SECRETARY:

Mrs M Shelmerdine

REGISTERED OFFICE:

The Mills

Canal Street

Derby

Derbyshire

DE1 2RJ

REGISTERED NUMBER:

01470541 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

4

102,399

105,099

Investments

5

9,500

111,899

114,599

CURRENT ASSETS

Cash at bank

385

894

CREDITORS

Amounts falling due within one year

6

45,168

45,134

NET CURRENT LIABILITIES

(44,783

)

(44,240

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

67,116

70,359

CAPITAL AND RESERVES

Called up share capital

2,000

Revaluation reserve

7

64,233

Retained earnings

7

883

4,126

SHAREHOLDERS' FUNDS

67,116

70,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 May 2026 and were signed on its behalf by:

D W Shelmerdine - Director

1.	STATUTORY INFORMATION

GEL Global 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.

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 as modified by the revaluation of certain assets.

Tangible fixed assets

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

Freehold property

-

2% on revaluation

Fixtures and fittings

-

20% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions paid in the year are charged in the profit and loss account.

Group accounts

In accordance with the exemptions given by the Companies Act 2006, the company has not produced group financial statements because it heads a small group.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

property

fittings

Totals

£

COST OR VALUATION

At 1 October 2024

and 30 September 2025

176,649

2,442

179,091

DEPRECIATION

At 1 October 2024

71,550

2,442

73,992

Charge for year

2,700

-

2,700

At 30 September 2025

74,250

2,442

76,692

NET BOOK VALUE

At 30 September 2025

102,399

-

102,399

At 30 September 2024

105,099

-

105,099

Included in freehold property is freehold land of £41,649 (2024 : £41,649) which is not depreciated.

Cost or valuation at 30 September 2025 is represented by:

Fixtures

Freehold

and

property

fittings

Totals

£

Valuation in 1998

176,649

-

176,649

Cost

-

2,442

176,649

2,442

179,091

If freehold property had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

40,069

Aggregate depreciation

16,250

15,750

Freehold property was valued on an open market basis basis on 31 March 1998 by the directors .

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 October 2024

and 30 September 2025

9,500

NET BOOK VALUE

At 30 September 2025

9,500

At 30 September 2024

9,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Amounts owed to related parties

45,168

45,134

7.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

At 1 October 2024

4,126

64,233

68,359

Profit for the year

152,876

Dividends

(156,119

)

(156,119

)

At 30 September 2025

883

64,233

65,116

8.	RELATED PARTY DISCLOSURES

The property owned by GEL Rides Limited is given as security on the bank borrowings of Garmendale Engineering Limited, a company which has common directors.