Registration number:
Gas World Ltd
for the Year Ended 31 October 2025
Gas World Ltd
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Profit and Loss Account |
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Balance Sheet |
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Statement of Changes in Equity |
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Statement of Cash Flows |
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Notes to the Financial Statements |
Gas World Ltd
Company Information
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Directors |
Mr A J Lane Mr P A Moore Mr D C Ramplin Mr W M Fry Mr R N Eason Mr B Chick |
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Registered office |
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Auditors |
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Gas World Ltd
Strategic Report for the Year Ended 31 October 2025
The directors present their strategic report for the year ended 31 October 2025.
Principal activity
The principal activity of the company is that of plumbing, heating and air conditioning installation services
Fair review of the business
The turnover for the company has increased to £16.4m (2024:£14.8m) by approximately 10%. Large increases in raw material costs have caused large price increases in materials across the industry. We have seen a small decrease in our gross profit margins, falling to 33%
Despite the increase in costs of fuel, haulage and wages driven by the rise of cost of living, we have been able to negotiate contracts where possible, and the increase in net profits this year demostrate we have been able to incorporate these into our current pricing.
We continue to invest in our workforce who are paramount to the long term success of the business. As well as investing in training our existing staff to ensure the quality of the service we deliver, we are investing in apprentices, which we hope will help us overcome the labour shortage within the industry and allow growth for the future.
The company's key financial and other performance indicators during the year were as follows:
|
Financial KPIs |
Unit |
2025 |
2024 |
|
Gross profit |
£ |
5,433,275 |
5,227,327 |
|
Profit before tax |
£ |
402,050 |
303,613 |
Principal risks and uncertainties
We have no concerns for the near future with the building trade being in such a healthy position especially with the incentives the government have injected into the industry.
There were also concerns that due to Brexit we may have experienced shortages of materials but this has not materialised. However, we have experienced price increases that we need to pass on to our clients.
In respect of other risks:
The company is a lessee in respect of finance lease assets and owns assets subject to hire purchase agreements. The company manages the liquidity risk by ensuring there are sufficient funds to meet the payments.
Trade debtors are managed in respect of credit and cashflow by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits.
Trade creditors liquidity risk is managed by ensuring funds are available to meet these as they fall due.
Gas World Ltd
Strategic Report for the Year Ended 31 October 2025
Approved and authorised by the
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Gas World Ltd
Directors' Report for the Year Ended 31 October 2025
The directors present their report and the financial statements for the year ended 31 October 2025.
Directors of the company
The directors who held office during the year were as follows:
Information included in the Strategic Report
The Companies Act 2006 (Strategic Report and Directors Report) Regulations 2013 requires a Strategic Report to be prepared. Where mandatory disclosures in the Directors report are considered by the directors to be of strategic importance, these have been included in the Strategic report rather than the Directors report.
Financial instruments
Objectives and policies
The company is exposed to price risk, liquidity risk and cash flow risk. Appropriate policies have been developed and implemented by management to review and monitor key risks applicable to the company.
Price risk, credit risk, liquidity risk and cash flow risk
Price risk
The company is exposed to price risk as a result of its operations. However sales prices are agreed based on cost price plus margin. Management use their experience to determine the selling price with an appropriate profit margin.
Liquidity risk
The company has adequate facilities to meet short term fluctuations in cash flow and has aqequate net current assets.
Cashflow risk
The company maintains committed facilities and monitors cashflow requirements to ensure there are sufficient funds available for its operations.
Disclosure of information to the auditors
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Gas World Ltd
Directors' Report for the Year Ended 31 October 2025
Approved and authorised by the
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Gas World Ltd
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Gas World Ltd
Independent Auditor's Report to the Members of Gas World Ltd
Opinion
We have audited the financial statements of Gas World Ltd (the 'company') for the year ended 31 October 2025, which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
• | give a true and fair view of the state of the company's affairs as at 31 October 2025 and of its profit for the year then ended; |
• | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
• | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Gas World Ltd
Independent Auditor's Report to the Members of Gas World Ltd
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
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the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
• | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
• | the financial statements are not in agreement with the accounting records and returns; or |
• | certain disclosures of directors' remuneration specified by law are not made; or |
• | we have not received all the information and explanations we require for our audit. |
Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities [set out on page 6], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Gas World Ltd
Independent Auditor's Report to the Members of Gas World Ltd
Auditor Responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Based on our understanding of the Company and industry, we evaluated that the principal risks of non-compliance with laws and regulations related to UK tax legislation, Health and Safety Executive legislation, Building regulations, Gas Safety regulations, Employment Law and Data Protection legislation, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the financial statements such as the Companies Act 2006. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including override of controls). Audit procedures performed included:
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Evaluating management's controls designed to prevent and detect irregularities |
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Substantive testing specific transactions and balances |
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Although we have nothing adverse to report in terms of the results of the procedures listed above, there are inherent limitations in such procedures. We are less likely to becomse aware of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. |
Use of our report
This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.
......................................
For and on behalf of
24 Glove Factory Studios
Holt
Wiltshire
BA14 6RL
Gas World Ltd
Profit and Loss Account for the Year Ended 31 October 2025
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Note |
2025 |
2024 |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
|
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Operating profit |
389,445 |
328,500 |
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Other interest receivable and similar income |
|
|
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Interest payable and similar expenses |
( |
( |
|
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12,605 |
(24,887) |
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Profit before tax |
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Tax on profit |
( |
( |
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Profit for the financial year |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Gas World Ltd
(Registration number: 02982870)
Balance Sheet as at 31 October 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Investments |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
|||
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Called up share capital |
280 |
280 |
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Retained earnings |
1,280,957 |
1,215,774 |
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Shareholders' funds |
1,281,237 |
1,216,054 |
Approved and authorised by the
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Gas World Ltd
Statement of Changes in Equity for the Year Ended 31 October 2025
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Share capital |
Retained earnings |
Total |
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At 1 November 2024 |
|
|
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Profit for the year |
- |
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|
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Dividends |
- |
( |
( |
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At 31 October 2025 |
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|
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Share capital |
Retained earnings |
Total |
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At 1 November 2023 |
|
|
|
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Profit for the year |
- |
|
|
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Dividends |
- |
( |
( |
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At 31 October 2024 |
280 |
1,215,774 |
1,216,054 |
Gas World Ltd
Statement of Cash Flows for the Year Ended 31 October 2025
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Note |
2025 |
2024 |
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Cash flows from operating activities |
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Profit for the year |
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Adjustments to cash flows from non-cash items |
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Depreciation and amortisation |
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Loss/(profit) on disposal of tangible assets |
|
( |
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Finance income |
( |
( |
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Finance costs |
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|
|
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Income tax expense |
|
|
|
|
|
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||
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Working capital adjustments |
|||
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Decrease/(increase) in stocks |
|
( |
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Decrease/(increase) in trade debtors |
|
( |
|
|
(Decrease)/increase in trade creditors |
( |
|
|
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Cash generated from operations |
|
|
|
|
Income taxes paid |
( |
( |
|
|
Net cash flow from operating activities |
|
|
|
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Cash flows from investing activities |
|||
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Interest received |
|
|
|
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Acquisitions of tangible assets |
( |
( |
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Proceeds from sale of tangible assets |
|
|
|
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Net cash flows from investing activities |
( |
( |
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Cash flows from financing activities |
|||
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Interest paid |
( |
( |
|
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Proceeds from bank borrowing draw downs |
( |
( |
|
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Payments to finance lease creditors |
|
|
|
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Dividends paid |
( |
( |
|
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Net cash flows from financing activities |
( |
( |
|
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Net decrease in cash and cash equivalents |
( |
( |
|
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Cash and cash equivalents at 1 November |
|
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|
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Cash and cash equivalents at 31 October |
253,573 |
376,958 |
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Gas World Ltd
Notes to the Financial Statements for the Year Ended 31 October 2025
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Gas World Ltd
Notes to the Financial Statements for the Year Ended 31 October 2025
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Motor vehicles |
25% reducing balance |
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Plant and machinery |
20% reducing balance |
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Gas World Ltd
Notes to the Financial Statements for the Year Ended 31 October 2025
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Gas World Ltd
Notes to the Financial Statements for the Year Ended 31 October 2025
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
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Turnover |
The analysis of the company's revenue for the year from continuing operations is as follows:
|
2025 |
2024 |
|
|
Sale of goods |
|
|
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Other gains and losses |
The analysis of the company's other gains and losses for the year is as follows:
|
2025 |
2024 |
|
|
Gain/loss on disposal of property, plant and equipment |
( |
|
|
Operating profit |
Arrived at after charging/(crediting)
|
2025 |
2024 |
|
|
Depreciation expense |
|
|
|
Operating lease expense - plant and machinery |
|
|
|
Loss/(profit) on disposal of property, plant and equipment |
|
( |
|
Other interest receivable and similar income |
|
2025 |
2024 |
|
|
Interest income on bank deposits |
|
|
Gas World Ltd
Notes to the Financial Statements for the Year Ended 31 October 2025
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Interest payable and similar expenses |
|
2025 |
2024 |
|
|
Interest on bank overdrafts and borrowings |
|
|
|
Interest on obligations under finance leases and hire purchase contracts |
|
|
|
|
|
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Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
|
2025 |
2024 |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Pension costs, defined contribution scheme |
|
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Other employee expense |
|
|
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The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
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2025 |
2024 |
|
|
Administration and support |
|
|
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Other departments |
|
|
|
|
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Gas World Ltd
Notes to the Financial Statements for the Year Ended 31 October 2025
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Directors' remuneration |
The directors' remuneration for the year was as follows:
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2025 |
2024 |
|
|
Remuneration |
|
|
|
Contributions paid to money purchase schemes |
|
|
|
382,201 |
354,254 |
|
Taxation |
Tax charged/(credited) in the income statement
|
2025 |
2024 |
|
|
Current taxation |
||
|
UK corporation tax |
|
|
|
Deferred taxation |
||
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Arising from origination and reversal of timing differences |
|
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Tax expense in the income statement |
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Gas World Ltd
Notes to the Financial Statements for the Year Ended 31 October 2025
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Tangible assets |
|
Land and buildings |
Furniture, fittings and equipment |
Motor vehicles |
Other tangible assets |
Total |
|
|
Cost or valuation |
|||||
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At 1 November 2024 |
- |
|
|
|
|
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Additions |
|
|
|
|
|
|
Disposals |
- |
- |
( |
- |
( |
|
At 31 October 2025 |
|
|
|
|
|
|
Depreciation |
|||||
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At 1 November 2024 |
- |
|
|
|
|
|
Charge for the year |
- |
|
|
|
|
|
Eliminated on disposal |
- |
- |
( |
- |
( |
|
At 31 October 2025 |
- |
|
|
|
|
|
Carrying amount |
|||||
|
At 31 October 2025 |
|
|
|
|
|
|
At 31 October 2024 |
- |
|
|
|
|
Included within the net book value of land and buildings above is £322,133 (2024 - £Nil) in respect of freehold land and buildings.
Gas World Ltd
Notes to the Financial Statements for the Year Ended 31 October 2025
|
Investments |
|
2025 |
2024 |
|
|
Investments in subsidiaries |
|
|
|
Subsidiaries |
£ |
|
Cost or valuation |
|
|
At 1 November 2024 |
|
|
Provision |
|
|
Carrying amount |
|
|
At 31 October 2025 |
|
|
At 31 October 2024 |
|
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
|
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
|
|
2025 |
2024 |
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Subsidiary undertakings |
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|
Unit 1,
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Stocks |
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2025 |
2024 |
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Other inventories |
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Gas World Ltd
Notes to the Financial Statements for the Year Ended 31 October 2025
|
Debtors |
|
Current |
2025 |
2024 |
|
Trade debtors |
|
|
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Other debtors |
|
|
|
Prepayments |
|
|
|
Gross amount due from customers for contract work |
|
|
|
|
|
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Cash and cash equivalents |
|
2025 |
2024 |
|
|
Short-term deposits |
|
|
|
Bank overdrafts |
( |
( |
|
Cash and cash equivalents in statement of cash flows |
253,573 |
376,958 |
|
Creditors |
|
Note |
2025 |
2024 |
|
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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|
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Social security and other taxes |
|
|
|
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Outstanding defined contribution pension costs |
|
|
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Other payables |
|
|
|
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Accrued expenses |
|
|
|
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Income tax liability |
80,828 |
55,749 |
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|
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Due after one year |
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Loans and borrowings |
|
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Gas World Ltd
Notes to the Financial Statements for the Year Ended 31 October 2025
|
Provisions for liabilities |
|
Deferred tax |
Total |
|
|
At 1 November 2024 |
|
|
|
Increase (decrease) in existing provisions |
|
|
|
At 31 October 2025 |
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|
|
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Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
Contributions totalling £
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
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|
No. |
£ |
No. |
£ |
|
|
|
|
252 |
|
252 |
|
|
|
14 |
|
14 |
|
|
|
14 |
|
14 |
|
|
|
|
|
|
|
Loans and borrowings |
|
2025 |
2024 |
|
|
Non-current loans and borrowings |
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|
Bank borrowings |
- |
|
|
HP and finance lease liabilities |
|
|
|
|
|
|
Gas World Ltd
Notes to the Financial Statements for the Year Ended 31 October 2025
|
2025 |
2024 |
|
|
Current loans and borrowings |
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|
Bank borrowings |
|
|
|
Bank overdrafts |
|
|
|
HP and finance lease liabilities |
|
|
|
|
|
|
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Related party transactions |
Summary of transactions with other related parties
During the year, an intercompany loan of £5,000 was written off between Gas World Ltd and Laneway Partnership Limited.
The company occupies the premises owned by Gas World Executive Pension Scheme under an undefined long term agreement. A normal commercial rent of £52,000 (2024:£52,000) was paid during the year.
Gas World Ltd
Notes to the Financial Statements for the Year Ended 31 October 2025
Loans to related parties
|
2025 |
Parent |
Other related parties |
Total |
|
At start of period |
- |
|
|
|
Advanced |
|
- |
|
|
Repaid |
( |
- |
( |
|
Written off |
- |
( |
( |
|
At end of period |
- |
- |
- |
|
|
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|
2024 |
Parent |
Other related parties |
Total |
|
At start of period |
- |
|
|
|
Advanced |
|
- |
|
|
Repaid |
( |
- |
( |
|
At end of period |
- |
|
|
|
|
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Parent and ultimate parent undertaking |
The company's immediate parent is