Company Registration No. 12261020 (England and Wales)
Gas Center Ltd
Unaudited accounts
for the year ended 31 October 2025
Gas Center Ltd
Unaudited accounts
Contents
Gas Center Ltd
Company Information
for the year ended 31 October 2025
Company Number
12261020 (England and Wales)
Accountants
Arif Khan Accountants Limited
27 Whetley Lane
Bradford
W Yorkshire
BD8 9EH
Gas Center Ltd
Statement of financial position
as at 31 October 2025
Cash at bank and in hand
151,116
119,455
Creditors: amounts falling due within one year
(151,038)
(119,336)
Net current assets
69,835
40,605
Total assets less current liabilities
69,835
40,840
Creditors: amounts falling due after more than one year
(17,958)
-
Called up share capital
100
100
Profit and loss account
51,777
40,740
Shareholders' funds
51,877
40,840
For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 27 July 2026 and were signed on its behalf by
Mr N M HUSSAIN
Director
Company Registration No. 12261020
Gas Center Ltd
Notes to the Accounts
for the year ended 31 October 2025
Gas Center Ltd is a private company, limited by shares, registered in England and Wales, registration number 12261020.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
100% REDUCING BALANCE BASIS
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Gas Center Ltd
Notes to the Accounts
for the year ended 31 October 2025
4
Tangible fixed assets
Fixtures & fittings
Amounts falling due within one year
Amounts falling due after more than one year
Other debtors
65,000
25,000
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
4,002
34,605
Taxes and social security
5,822
8,742
Deferred income
105,257
52,845
7
Creditors: amounts falling due after more than one year
2025
2024
Loans from directors
17,958
-
8
Average number of employees
During the year the average number of employees was 6 (2024: 7).