Gaswise Services Limited 31/03/2026 iXBRL

Company registration number: 04009565

GASWISE SERVICES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2026

GASWISE SERVICES LIMITED

Contents

Directors report

Accountant's report

Statement of financial position

Notes to the financial statements

GASWISE SERVICES LIMITED

Directors report

Year ended 31 March 2026

The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2026.

Directors

The directors who served the company during the year were as follows:

Mr F.A. Neal

Mrs S B Neal

Mr P. A. Neal

Mr M. J. Neal

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 10 July 2026 and signed on behalf of the board by:

Mr P. A. Neal

Director

GASWISE SERVICES LIMITED

Report to the board of directors on the preparation of the

unaudited statutory financial statements of Gaswise Services Limited

Year ended 31 March 2026

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 March 2026 which comprise the statement of financial position and related notes.

You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.

R M F Pola FCA

Jenemi Associates Limited

Ecotech Business Park

27G Turbine Way

Swaffham

Norfolk

PE37 7XD

10 July 2026

GASWISE SERVICES LIMITED

Statement of financial position

31 March 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Tangible assets	5	142,688		148,730
		_______		_______
			142,688		148,730

Current assets
Stocks		36,155		34,510
Debtors	6	620,594		457,531
Cash at bank and in hand		669,552		416,874
		_______		_______
		1,326,301		908,915
Creditors: amounts falling due
within one year	7	( 725,316)		( 502,652)
		_______		_______
Net current assets			600,985		406,263
			_______		_______
Total assets less current liabilities			743,673		554,993


Provisions for liabilities	8		( 27,111)		( 28,259)

			_______		_______
Net assets			716,562		526,734
			_______		_______

Capital and reserves
Called up share capital	10		2,040		2,040
Profit and loss account			714,522		524,694
			_______		_______
Shareholders funds			716,562		526,734
			_______		_______

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 10 July 2026 , and are signed on behalf of the board by:

Mr P. A. Neal

Director

Company registration number: 04009565

GASWISE SERVICES LIMITED

Notes to the financial statements

Year ended 31 March 2026

1. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

2. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	15 %	reducing balance
Fittings fixtures and equipment	-	15 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

3. Profit before taxation

Profit before taxation is stated after charging/(crediting):

	2026	2025
	£	£
Depreciation of tangible assets	39,453	17,874
	_______	_______

4. Tax on profit

Major components of tax expense

	2026	2025
	£	£
Current tax:
UK current tax expense	113,581	28,901
	_______	_______

Deferred tax:
Origination and reversal of timing differences	( 1,148)	2,605
	_______	_______
Tax on profit	112,433	31,506
	_______	_______

5. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2025	9,031	85,434	376,174	470,639
Additions	-	4,535	28,876	33,411
	_______	_______	_______	_______
At 31 March 2026	9,031	89,969	405,050	504,050
	_______	_______	_______	_______
Depreciation
At 1 April 2025	8,486	66,377	247,046	321,909
Charge for the year	80	3,028	36,345	39,453
	_______	_______	_______	_______
At 31 March 2026	8,566	69,405	283,391	361,362
	_______	_______	_______	_______
Carrying amount
At 31 March 2026	465	20,564	121,659	142,688
	_______	_______	_______	_______
At 31 March 2025	545	19,057	129,128	148,730
	_______	_______	_______	_______

6. Debtors

	2026	2025
	£	£
Trade debtors	577,027	418,310
Other debtors	43,567	39,221
	_______	_______
	620,594	457,531
	_______	_______

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	395,414	271,100
Corporation tax	113,581	109,729
Social security and other taxes	213,721	119,223
Other creditors	2,600	2,600
	_______	_______
	725,316	502,652
	_______	_______

8. Provisions

	Deferred tax (note 9)	Total
	£	£
At 1 April 2025	28,259	28,259
Additions	( 1,148)	( 1,148)
	_______	_______
At 31 March 2026	27,111	27,111
	_______	_______

9. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2026	2025
	£	£
Included in provisions (note 8)	27,111	28,259
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2026	2025
	£	£
Accelerated capital allowances	27,111	28,259
	_______	_______

10. Called up share capital

Authorised share capital

	2026		2025
	No	£	No	£
Ordinary shares of £ 1.00 each	100,000	100,000	100,000	100,000
Ordinary X Non Voting shares of £ 1.00 each	20	20	20	20
Ordinary Z Non Voting shares of £ 1.00 each	20	20	20	20
	_______	_______	_______	_______
	100,040	100,040	100,040	100,040
	_______	_______	_______	_______
Issued, called up and fully paid
	2026		2025
	No	£	No	£
Ordinary shares of £ 1.00 each	2,000	2,000	2,000	2,000
Ordinary X Non Voting shares of £ 1.00 each	20	20	20	20
Ordinary Z Non Voting shares of £ 1.00 each	20	20	20	20
	_______	_______	_______	_______
	2,040	2,040	2,040	2,040
	_______	_______	_______	_______