GSI Insurance Services (Southern) Limited

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

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Balance Sheet

As At 30 June 2026

Balance Sheet

Registered number: 05487502

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		23,144		19,935

			23,144		19,935
CURRENT ASSETS
Debtors	6	127,283		114,934
Cash at bank and in hand		261,688		238,403

		388,971		353,337
Creditors: Amounts Falling Due Within One Year	7	(157,297 )		(125,492 )

NET CURRENT ASSETS (LIABILITIES)			231,674		227,845

TOTAL ASSETS LESS CURRENT LIABILITIES			254,818		247,780

NET ASSETS			254,818		247,780

CAPITAL AND RESERVES
Called up share capital	8		20,000		20,000
Profit and Loss Account			234,818		227,780

SHAREHOLDERS' FUNDS			254,818		247,780

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GSI Insurance Services (Southern) Limited

Balance Sheet (continued)

As At 30 June 2026

For the year ending 30 June 2026 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 directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Adam Dobbie Director	Paul Love Director	Philip Gowing Director
4 August 2026

The notes on pages 4 to 6 form part of these financial statements.

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GSI Insurance Services (Southern) Limited

Notes to the Financial Statements

For The Year Ended 30 June 2026

Notes to the Financial Statements

1. General Information

GSI Insurance Services (Southern) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05487502 . The registered office is 118 John Wilson Business Park, Harvey Drive, Chestfield, Whitstable, CT5 3QT.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

Website Developments is amortised to over its estimated economic life of 4 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	15% reducing balance
Fixtures & Fittings	15% reducing balance
Computer Equipment	15% reducing balance

2.5. Taxation

Income tax expense represents the sum of the tax currently payable..

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. 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.

Current tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.7. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

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GSI Insurance Services (Southern) Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

2.8. Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrrowings in current liabilities.

3. Average Number of Employees

Average number of employees, including directors, during the period was 38 (2025: 38)

4. Intangible Assets

	Development Costs
	£
Cost
As at 1 July 2025	32,520

As at 30 June 2026	32,520

Amortisation
As at 1 July 2025	32,520

As at 30 June 2026	32,520

Net Book Value
As at 30 June 2026	-

As at 1 July 2025	-

5. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 July 2025	13,600	6,476	64,667	84,743
Additions	-	-	7,298	7,298

As at 30 June 2026	13,600	6,476	71,965	92,041

Depreciation
As at 1 July 2025	12,089	5,070	47,649	64,808
Provided during the period	227	210	3,652	4,089

As at 30 June 2026	12,316	5,280	51,301	68,897

Net Book Value
As at 30 June 2026	1,284	1,196	20,664	23,144

As at 1 July 2025	1,511	1,406	17,018	19,935

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	127,283	114,934

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GSI Insurance Services (Southern) Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2026

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Corporation tax	4,944	13,406
Other taxes and social security	38,870	26,389
Net wages	82,618	73,821
Other creditors	24,863	7,155
Pension	6,002	4,721

	157,297	125,492

8. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	20,000	20,000

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Directors	Adam Dobbie
	Paul Love
	Philip Gowing

Secretary	Richard Dobbie

Company Number	05487502

Registered Office	118 John Wilson Business Park
	Harvey Drive
	Chestfield
	Whitstable
	CT5 3QT

Accountants	TaxAssist Accountants
	48 Castle Street
	Canterbury
	Kent
	CT1 2PY