REGISTERED NUMBER: 05590884 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

GNAT UK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N A Turnbull

REGISTERED OFFICE:

Unit 5 Jackson Court

Olympic Way

Richmond

North Yorkshire

DL10 4FD

REGISTERED NUMBER:

05590884 (England and Wales)

ACCOUNTANTS:

Blaeford Gordon & Company Ltd

101 Galgate

Barnard Castle

Co. Durham

DL12 8ES

SOLICITORS:

Gordon Brown Associates

Hadrian House

Higham Place

Newcastle

NE1 8AF

FIXED ASSETS

Tangible assets

4

755,693

803,124

CURRENT ASSETS

Debtors

5

1,030,625

925,708

Cash at bank

743,438

779,732

1,774,063

1,705,440

CREDITORS

Amounts falling due within one year

6

380,119

337,391

NET CURRENT ASSETS

1,393,944

1,368,049

TOTAL ASSETS LESS CURRENT LIABILITIES

2,149,637

2,171,173

CREDITORS

Amounts falling due after more than one year

7

(106,440

)

(245,389

)

PROVISIONS FOR LIABILITIES

9

(188,552

)

(200,327

)

NET ASSETS

1,854,645

1,725,457

CAPITAL AND RESERVES

Called up share capital

1

1

Share premium

200,473

200,473

Other reserves

1

1

Retained earnings

1,654,170

1,524,982

SHAREHOLDERS' FUNDS

1,854,645

1,725,457

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 director acknowledges his 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 director and authorised for issue on 3 February 2026 and were signed by:

N A Turnbull - Director

1.	STATUTORY INFORMATION

Gnat UK 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.	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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

33% on cost, 25% on cost and 20% on cost

Fixtures and fittings

-

33% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

33% on cost

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 27 (2024 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 November 2024

2,949,849

8,810

236,449

9,018

3,204,126

Additions

214,547

-

3,000

511

218,058

At 31 October 2025

3,164,396

8,810

239,449

9,529

3,422,184

DEPRECIATION

At 1 November 2024

2,282,023

8,810

101,575

8,594

2,401,002

Charge for year

218,176

-

46,835

478

265,489

At 31 October 2025

2,500,199

8,810

148,410

9,072

2,666,491

NET BOOK VALUE

At 31 October 2025

664,197

-

91,039

457

755,693

At 31 October 2024

667,826

-

134,874

424

803,124

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 November 2024

and 31 October 2025

460,149

101,852

562,001

DEPRECIATION

At 1 November 2024

196,497

63,034

259,531

Charge for year

65,913

-

65,913

At 31 October 2025

262,410

63,034

325,444

NET BOOK VALUE

At 31 October 2025

197,739

38,818

236,557

At 31 October 2024

263,652

38,818

302,470

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

940,211

774,432

VAT

30,515

-

Prepayments and accrued income

59,899

151,276

1,030,625

925,708

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Hire purchase contracts

146,220

113,327

Trade creditors

109,592

129,353

Tax

49,510

-

Social security and other taxes

62,883

50,876

VAT

-

26,235

Accruals and deferred income

11,914

17,600

380,119

337,391

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Hire purchase contracts

106,440

245,389

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.10.25

31.10.24

£

£

Hire purchase contracts

252,660

358,716

Amounts due under hire purchase contracts are secured by the assets to which they relate.

9.	PROVISIONS FOR LIABILITIES

31.10.25

31.10.24

£

£

Deferred tax

188,552

200,327

Deferred

tax

£

Balance at 1 November 2024

200,327

Credit to Income Statement during year

(11,775

)

Balance at 31 October 2025

188,552

10.	ULTIMATE CONTROLLING PARTY

The controlling party of GNAT UK Limited is Mr N Turnbull.