1.
General Information
Gas Data Limited
is a private company, limited by shares, incorporated in England & Wales, registered number
02640682
. The registered office is Unit D Earlplace Business Park, Fletchamstead Highway, Coventry, West Midlands, CV4 9XL.
2.
Accounting Policies
2.1.
Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2.
Going Concern Disclosure
The financial statements have been prepared on a going concern basis despite a loss before tax this year of £688,977 which the directors consider to be appropriate due to group Company confirmation that sufficient financial support will be provided to enable the Company to continue its operations for a period of not less than 12 months from the date the balance sheet is signed. As at 31 December 2025, excluding intercompany balances, the Company had net assets of £2,018,293.
2.3.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised over the period of the agreement with one-off services recognised at the point of delivery.
2.4.
Intangible Fixed Assets and Amortisation - Other Intangible
Licences are amortised to profit and loss account over its estimated economic life of 5 years.
Gas Data Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.5.
Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to £nil on a straight line basis over their expected useful economic lives, which range from 5 to 10 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.6.
Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are amortised to the profit and loss account over its estimated economic life of 10 years.
2.7.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
| Leasehold Improvements |
|
| Plant & Machinery |
|
| Motor Vehicles |
|
| Fixtures & Fittings |
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| Computer Equipment |
|
2.8.
Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.9.
Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
Gas Data Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
2.10.
Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.11.
Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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 assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.12.
Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.13.
Related Party Exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.
3.
Turnover
Gas Data Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
4.
Operating Loss
The operating loss is stated after charging:
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Bad debts | 73 | - | |
| Research and Development Costs |
|
|
|
| Depreciation of tangible fixed assets |
|
|
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| Amortisation of intangible fixed assets |
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|
|
5.
Average Number of Employees
Average number of employees, including directors, during the year was: 29 (2024: 29)
6.
Intangible Assets
| Licences | Development Costs | Intellectual Property | Total | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Cost | ||||
| As at 1 January 2025 |
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| Additions |
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| As at 31 December 2025 |
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| Amortisation | ||||
| As at 1 January 2025 |
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| Provided during the period |
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| Impairment losses |
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| As at 31 December 2025 |
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| Net Book Value | ||||
| As at 31 December 2025 |
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| As at 1 January 2025 |
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Gas Data Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
7.
Tangible Assets
| Land & Property | ||||
|---|---|---|---|---|
| Leasehold Improvements | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | |
| £ | £ | £ | £ | |
| Cost | ||||
| As at 1 January 2025 |
|
|
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| Additions |
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|
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| Disposals |
|
( |
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| As at 31 December 2025 |
|
|
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| Depreciation | ||||
| As at 1 January 2025 |
|
|
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| Provided during the period |
|
|
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| Disposals |
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( |
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| As at 31 December 2025 |
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| Net Book Value | ||||
| As at 31 December 2025 |
|
|
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| As at 1 January 2025 |
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| Computer Equipment | Total | |
|---|---|---|
| £ | £ | |
| Cost | ||
| As at 1 January 2025 |
|
|
| Additions |
|
|
| Disposals |
|
( |
| As at 31 December 2025 |
|
|
| Depreciation | ||
| As at 1 January 2025 |
|
|
| Provided during the period |
|
|
| Disposals |
|
( |
| As at 31 December 2025 |
|
|
| Net Book Value | ||
| As at 31 December 2025 |
|
|
| As at 1 January 2025 |
|
|
Gas Data Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
8.
Stocks
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Stock |
|
|
|
9.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
|
|
|
| Amounts owed by group undertakings | 358,208 | 208,090 | |
| Other debtors | 368,245 | 363,302 | |
|
|
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||
10.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
|
|
|
| Amounts owed to group undertakings |
|
|
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| Other creditors | 552,264 | 216,546 | |
| Taxation and social security |
|
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||
11.
Creditors: Amounts Falling Due After More Than One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Other creditors | 134,308 | 106,478 | |
13.
FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
Gas Data Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
14.
Ultimate Controlling Party
The company's ultimate controlling party is
Ecotec International Holdings, LLC
.
Incorporated in the United States of America.
15.
Leasing Agreements
Minimum lease payments under non-cancellable operating leases fall due as follows:
|
2025
|
2024
|
||
|
£
|
£
|
||
|
Within one year
|
200,102
|
200,102
|
|
|
Between one and five years
|
866,802
|
845,975
|
|
|
In more than five years
|
407,356
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 2" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
628,284
|
|
|
1,474,260
![image](data:image/svg+xml;utf8,<svg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 80 5" preserveAspectRatio="none"> <line x1="0" y1="1" x2="80" y2="1" stroke="black" shape-rendering="crispEdges"/> <line x1="0" y1="4" x2="80" y2="4" stroke="black" shape-rendering="crispEdges"/> </svg>){kind=small}
|
1,674,361
|
16.
Audit Information
The auditor's report on the accounts of
Gas Data Limited
for the year ended 31 December 2025 was unqualified.
The auditor's report was signed by
Edward Grenfell James
(Senior Statutory Auditor)
for and on behalf of
Grenfell James Audit LLP
, Statutory Auditor.
|
13 The Courtyard
Timothy's Bridge Road
Stratford Upon Avon
Warwickshire
CV37 9NP
|