REGISTERED NUMBER: SC102243 (Scotland)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

Gas Heating and Appliance Services

Limited

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

DIRECTORS:

Mr S Wassall

Mr A Wassall

SECRETARY:

REGISTERED OFFICE:

Pavilion 2

3 Dava Street

Broomloan Road

Glasgow

G51 2JA

REGISTERED NUMBER:

SC102243 (Scotland)

ACCOUNTANTS:

Burgoyne Carey

Chartered Accountants

Pavilion 2

3 Dava Street

Broomloan Road

Glasgow

G51 2JA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

348,442

373,292

Investments

6

276,706

251,713

625,148

625,005

CURRENT ASSETS

Stocks

219,250

115,000

Debtors

7

59,297

86,426

Cash at bank and in hand

1,061,229

1,070,029

1,339,776

1,271,455

CREDITORS

Amounts falling due within one year

8

905,865

482,535

NET CURRENT ASSETS

433,911

788,920

TOTAL ASSETS LESS CURRENT LIABILITIES

1,059,059

1,413,925

CREDITORS

Amounts falling due after more than one year

9

-

5,834

NET ASSETS

1,059,059

1,408,091

CAPITAL AND RESERVES

Called up share capital

13,400

200

Revaluation reserve

10

(19,800

)

-

Capital redemption reserve

6,700

100

Retained earnings

1,058,759

1,407,791

SHAREHOLDERS' FUNDS

1,059,059

1,408,091

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2026 and were signed on its behalf by:

Mr S Wassall - Director

1.	STATUTORY INFORMATION

Gas Heating and Appliance Services Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

TURNOVER

Turnover represents amounts invoiced during the year net, exclusive of Value Added Tax.

GOODWILL

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

INTANGIBLE ASSETS

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

STOCKS

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

The company makes contributions to the director's personal pension scheme.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

25,000

AMORTISATION

At 1 January 2025

and 31 December 2025

25,000

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Long

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 January 2025

and 31 December 2025

408,460

53,561

13,219

DEPRECIATION

At 1 January 2025

100,753

12,268

13,217

Charge for year

8,169

1,071

2

At 31 December 2025

108,922

13,339

13,219

NET BOOK VALUE

At 31 December 2025

299,538

40,222

-

At 31 December 2024

307,707

41,293

2

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2025

and 31 December 2025

22,120

114,162

6,683

618,205

DEPRECIATION

At 1 January 2025

22,056

90,239

6,380

244,913

Charge for year

59

15,246

303

24,850

At 31 December 2025

22,115

105,485

6,683

269,763

NET BOOK VALUE

At 31 December 2025

5

8,677

-

348,442

At 31 December 2024

64

23,923

303

373,292

.

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2025

251,713

Revaluations

19,716

Dividends received

5,277

At 31 December 2025

276,706

NET BOOK VALUE

At 31 December 2025

276,706

At 31 December 2024

251,713

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

54,882

86,426

Prepayments

4,415

-

59,297

86,426

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

5,873

10,000

Other loans

1,372

1,598

Trade creditors

277,185

215,999

Credit cards

14,746

9,093

Deposits received

113,615

37,962

Tax

49,980

61,715

Social security and other taxes

80,624

74,541

Pensions payable

(24

)

(364

)

VAT

2,591

11,596

Other creditors

200,000

-

Directors' current accounts

100,033

25

Accrued expenses

59,870

60,370

905,865

482,535

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

5,834

10.

RESERVES

Revaluation

reserve

£

Bonus share issue

(19,800

)

At 31 December 2025

(19,800

)