REGISTERED NUMBER: SC331024 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

G.E.S. (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G B Gallagher

G O P McQuillan

SECRETARY:

G Gallagher

REGISTERED OFFICE:

15 Millersneuk Drive

Lenzie

Glasgow

G66 5JF

REGISTERED NUMBER:

SC331024 (Scotland)

ACCOUNTANTS:

Kean Jarman & Company

Chartered Accountants

27 Ingram Street

Glasgow

G1 1HA

FIXED ASSETS

Tangible assets

4

39,860

54,750

CURRENT ASSETS

Debtors

5

36,948

58,377

Cash at bank

37,398

16,371

74,346

74,748

CREDITORS

Amounts falling due within one year

6

101,414

108,780

NET CURRENT LIABILITIES

(27,068

)

(34,032

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,792

20,718

CREDITORS

Amounts falling due after more than one year

7

(12,162

)

(18,157

)

PROVISIONS FOR LIABILITIES

-

(1,865

)

NET ASSETS

630

696

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

530

596

630

696

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2026 and were signed on its behalf by:

G B Gallagher - Director

1.	STATUTORY INFORMATION

G.e.s. (Uk) Limited is a private company, limited by shares , registered in Scotland. 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.

Turnover

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

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 7 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2024

6,067

96,701

1,088

103,856

Disposals

-

(12,011

)

-

(12,011

)

At 31 October 2025

6,067

84,690

1,088

91,845

DEPRECIATION

At 1 November 2024

3,734

44,721

651

49,106

Charge for year

583

12,594

109

13,286

Eliminated on disposal

-

(10,407

)

-

(10,407

)

At 31 October 2025

4,317

46,908

760

51,985

NET BOOK VALUE

At 31 October 2025

1,750

37,782

328

39,860

At 31 October 2024

2,333

51,980

437

54,750

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

36,948

56,976

Prepayments and accrued income

-

1,401

36,948

58,377

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

6,035

9,665

Trade creditors

21,884

25,111

Tax

15,958

10,017

Social security and other taxes

4,577

3,059

VAT

25,821

19,496

Directors' current accounts

23,813

39,507

Accrued expenses

3,326

1,925

101,414

108,780

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans - 1-2 years

3,676

5,797

Bank loans - 2-5 years

8,486

10,307

Bank loans more 5 yr by instal

-

2,053

12,162

18,157

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

2,053

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.10.25

31.10.24

£

£

Within one year

13,654

10,954

Between one and five years

5,036

12,165

18,690

23,119

9.	RELATED PARTY DISCLOSURES

The company Directors were owed £23,813 (2024-£39,507) at the year end. £39,507 was the maximum amount outstanding during the year.