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Registration number: 03593282

Gas Appliance Superstore Limited
Unaudited Filleted Abridged Financial Statements
for the Year Ended 31 July 2025

Gas Appliance Superstore Limited

Contents

Company Information | 1
Abridged Balance Sheet | 2 to 3
Notes to the Unaudited Abridged Financial Statements | 4 to 8

Gas Appliance Superstore Limited

Company Information

Directors | Mrs KL King Mr AM King

Company secretary | Mrs KL King

Registered office | 186 Alder Road Poole Dorset BH12 4AX

Accountants | Ward Goodman Accountancy Services Ltd Chartered Certified Accountants4 Cedar Park Cobham Road Ferndown Industrial Estate Wimborne Dorset BH21 7SF

Gas Appliance Superstore Limited

(Registration number: 03593282)
Abridged Balance Sheet as at 31 July 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 159,911 | 177,874
Current assets |  |  |
Stocks |  | 48,935 | 42,725
Debtors |  | 34,414 | 44,426
Cash at bank and in hand |  | 303,014 | 254,672
|  | 386,363 | 341,823
Prepayments and accrued income |  | 11,725 | 4,691
Creditors: Amounts falling due within one year |  | (186,570) | (164,832)
Net current assets |  | 211,518 | 181,682
Total assets less current liabilities |  | 371,429 | 359,556
Provisions for liabilities |  | (12,380) | (15,712)
Accruals and deferred income |  | (21,143) | (15,719)
Net assets |  | 337,906 | 328,125
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 337,806 | 328,025
Shareholders' funds |  | 337,906 | 328,125

For the financial year ending 31 July 2025 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Gas Appliance Superstore Limited

(Registration number: 03593282)
Abridged Balance Sheet as at 31 July 2025

Approved and authorised by the Board on 27 July 2026 and signed on its behalf by:

......................................... Mrs KL King Company secretary and director

Gas Appliance Superstore Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
186 Alder Road
Poole
Dorset
BH12 4AX
England

These financial statements were authorised for issue by the Board on 27 July 2026.

2 | 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 abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged 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.
The presentation currency of the financial statements is the Pound Sterling (£).

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.

Gas Appliance Superstore Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

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.

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:

Asset class | Depreciation method and rate
Freehold Property | 2% cost
Showroom Displays | 25% reducing balance
Motor vehicles | 25% reducing balance
Fixtures & fittings | 15% reducing balance

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Contract based work in progress is valued at sales value. This is based on the activities performed by the year end, with the exception that where the consideration for a contract is conditional upon a specified future event which is outside the control of the company, the contract value is not taken into account at the year end. The amount of unbilled contract work is included within other debtors.

Gas Appliance Superstore Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

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.

Leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 7).

Gas Appliance Superstore Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

4 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Office equipment £ | Motor vehicles £ | Total £
Cost or valuation
At 1 August 2024 | 231,678 | 21,984 | 84,908 | 98,904 | 437,474
At 31 July 2025 | 231,678 | 21,984 | 84,908 | 98,904 | 437,474
Depreciation
At 1 August 2024 | 116,652 | 13,542 | 83,581 | 45,825 | 259,600
Charge for the year | 4,634 | 1,183 | 296 | 11,850 | 17,963
At 31 July 2025 | 121,286 | 14,725 | 83,877 | 57,675 | 277,563
Carrying amount
At 31 July 2025 | 110,392 | 7,259 | 1,031 | 41,229 | 159,911
At 31 July 2024 | 115,026 | 8,442 | 1,327 | 53,079 | 177,874

Gas Appliance Superstore Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

5 | Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are financial commitments of £137 (2024 - £1,149). The company had credit card commitments at the financial year end of £137 (2024 - £1,149). There were no other commitments, contingencies or guarantees made on behalf of directors.

6 | Related party transactions

Other transactions with directors

There were no advances to the directors during the financial year.
Gross interest was charged on the directors' loan credit balance at varying rates and this totalled £5,671 (2024 - £5,633) during the financial year. The gross charge is included within loan interest in the profit and loss account.
The net interest charge is added to the balance of the directors' loan.
Gross interest charged on the loan in the financial years was made at the following rates:
- 6% per annum from 1 August 2023 to 31 May 2024
- 7% per annum from 1 June 2024 to 31 July 2024
- 7% per annum from 1 August 2024 to 31 July 2025
The loan is unsecured and repayable on demand.