G Seal Limited - Filleted accounts

Registered number

04944768

G Seal Limited

Filleted Accounts

31 October 2025

G Seal Limited
Registered number:		04944768
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		163,765			131,111

Current assets
Stocks		69,720			98,290
Debtors	4	403,336			356,006
Cash at bank and in hand		308,500			325,164
		781,556			779,460

Creditors: amounts falling due within one year	5	(172,186)			(162,932)

Net current assets			609,370			616,528

Net assets			773,135			747,639

Capital and reserves
Called up share capital			22			22
Profit and loss account			773,113			747,617

Shareholders' funds			773,135			747,639

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




S Hicking
Director
Approved by the board on 10 June 2026

G Seal Limited
Notes to the Accounts
for the year ended 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:



	Plant and machinery	25% reducing balance
	Fixtures, fittings, tools and equipment	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.


	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			25		28













3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 November 2024	38,800		219,335		258,135
	Additions	317		69,283		69,600
	Disposals	-		(36,684)		(36,684)
	At 31 October 2025	39,117		251,934		291,051

	Depreciation
	At 1 November 2024	30,028		96,996		127,024
	Charge for the year	1,330		24,910		26,240
	On disposals	-		(25,978)		(25,978)
	At 31 October 2025	31,358		95,928		127,286

	Net book value
	At 31 October 2025	7,759		156,006		163,765
	At 31 October 2024	8,772		122,339		131,111


4	Debtors			2025		2024
£					£

	Trade debtors			362,227		356,006
	Other debtors			41,109		-
				403,336		356,006


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			21,002		74,205
	Taxation and social security costs			76,683		76,014
	Other creditors			74,501		12,713
				172,186		162,932


6	Controlling party

	The company is a wholly owned subsidiary of Hicking Holdings Limited. The registered office of the ultimate parent company is 18 High Street, Loscoe, Derbyshire, DE75 5LE.








7	Other information

	G Seal Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 3 Derby House
	Taylor Lane
	Loscoe
	Heanor
	DE75 7AB