Average number of employees

Additional Disclosures

1 General information Gas Tapps UK Ltd (company number: 11030105) is a private company limited by shares and incorporated in England and Wales. Its registered office is 60 Broadwood Road, Chattenden, Kent, ME38LX. The financial statements have been prepared in accordance with FRS 102 Section 1A – The Financial Reporting Standard applicable in the UK and Republic of Ireland (January 2022) and the Companies Act 2006. The directors’ believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements. 2 Accounting policies Revenue recognition Turnover represents amounts receivable for goods and services net of VAT and trade discounts. The amount recorded as turnover in respect of long term contracts is ascertained by reference to the value of work carried out to date. Attributable profit is recognised as the difference between turnover and attributable costs to date, where the outcome of the contract can be assessed with reasonable certainty. Foreseeable losses on long term contracts are provided for in full once the expected loss has been ascertained with reasonable certainty. Tangible assets Tangible fixed assets held for the company’s own use are stated at cost less accumulated depreciation and accumulated impairment losses. Office Equipment: 15% on reducing balance Motor Vehicles: 25% on reducing balance Assets held under finance leases are depreciated in the same way as owned assets. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Leasing and hire purchase contracts Assets, obtained under hire purchase contracts and 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 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. Foreign currencies The financial statements are presented in Sterling, which is also the functional currency of the company. Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Taxation Taxation represents the sum of tax currently payable and deferred tax. 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 all 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. 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. Pensions The company operates a defined contribution pension scheme, Gas Tapps Uk Ltd Pension Scheme, and the pension charge represents the amounts payable by the company to the fund in respect of the year. 3 Employees The average number of persons employed by the company (including directors) during the year was 1 (2024 – 25). 4 Debtors 2025 £ Due after more than one year Other debtors 0 Due within one year Trade debtors 5,799 Other debtors (CIS suffered) 3,373 9,172 5 Creditors: amounts falling due within one year 2025 £ Bank loans and overdrafts 1,861 Net obligations under finance leases and hire purchase contracts 0 Trade creditors 1,646 Corporation tax 4,642 VAT 7,753 Loan from a director 0 Pension 74 Accrual 1,884 17,859 6 Pension commitments The company operates a defined contribution pension scheme, Gas Tapps UK Ltd Pension Scheme, for the directors/employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £36.87 were due to the fund. 7 Dividends 2024 2023 £ £ 37119.12 26,930