REGISTERED NUMBER: 03523894 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2025

FOR

GCL BUILDING TECHNOLOGIES LTD

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

5

74,287

88,437

Tangible assets

6

72,569

99,904

Investments

7

2

-

146,858

188,341

CURRENT ASSETS

Debtors

8

1,324,195

1,063,293

Cash at bank

38,667

30,582

1,362,862

1,093,875

CREDITORS

Amounts falling due within one year

9

1,159,090

989,409

NET CURRENT ASSETS

203,772

104,466

TOTAL ASSETS LESS CURRENT LIABILITIES

350,630

292,807

CREDITORS

Amounts falling due after more than one year

10

(118,172

)

(133,689

)

PROVISIONS FOR LIABILITIES

12

(15,710

)

(21,733

)

NET ASSETS

216,748

137,385

CAPITAL AND RESERVES

Called up share capital

13

1,000

1,000

Retained earnings

215,748

136,385

SHAREHOLDERS' FUNDS

216,748

137,385

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2026 and were signed on its behalf by:

Mr P Cottrell - Director

1.	STATUTORY INFORMATION

GCL Building Technologies Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

03523894

Registered office:

Pharmacy Chambers

High Street

Wadhurst

East Sussex

TN5 6AP

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

The lease premium is being amortised evenly over the lease term of ten years.

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

-

20% on cost

Motor vehicles

-

25% on reducing balance

Equipment

-

20% on cost

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities, like trade and other accounts receivable and payable, loans from banks and other third parties and loans to / from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the present value of the future cash flows and subsequently measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted transaction price less any impairment.

If the arrangements of a short term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original effective rate.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the reporting date.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet and measured as detailed above.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Finance costs are charged to the profit and loss over the term of the financial asset / liability using the effective interest method so that the amount charged is at a constant rate on the carrying amount.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 15 ) .

5.	INTANGIBLE FIXED ASSETS

Lease

premium

£

COST

At 1 January 2025

and 31 December 2025

141,500

AMORTISATION

At 1 January 2025

53,063

Amortisation for year

14,150

At 31 December 2025

67,213

NET BOOK VALUE

At 31 December 2025

74,287

At 31 December 2024

88,437

6.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Equipment

Totals

£

£

£

£

COST

At 1 January 2025

171,066

233,461

22,330

426,857

Additions

3,829

-

2,211

6,040

Disposals

-

(30,000

)

-

(30,000

)

At 31 December 2025

174,895

203,461

24,541

402,897

DEPRECIATION

At 1 January 2025

153,984

159,725

13,245

326,954

Charge for year

7,154

17,161

3,968

28,283

Eliminated on disposal

-

(24,909

)

-

(24,909

)

At 31 December 2025

161,138

151,977

17,213

330,328

NET BOOK VALUE

At 31 December 2025

13,757

51,484

7,328

72,569

At 31 December 2024

17,082

73,736

9,085

99,903

7.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

Additions

2

At 31 December 2025

2

NET BOOK VALUE

At 31 December 2025

2

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

387,698

246,242

Amounts owed by group undertakings

480

-

Amounts receivable on

contracts

178,546

19,214

Other debtors

731,161

697,071

Tax

-

44,918

Prepayments

26,310

55,848

1,324,195

1,063,293

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

85,748

146,183

Hire purchase contracts

-

23,928

Trade creditors

348,496

228,395

Corporation tax

47,502

43,478

PAYE and social security

22,980

21,474

VAT

5,322

50,068

Other creditors

632,127

461,819

Net wages

10,782

9,370

Pension control

2,733

659

Accruals and deferred income

3,400

4,035

1,159,090

989,409

The hire purchase creditor is secured upon the assets to which it relates.

The bank loans are secured by a fixed and floating charge over the assets of the company.

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

20,214

20,000

Hire purchase contracts

-

15,641

Other creditors

97,958

98,048

118,172

133,689

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

105,962

166,183

Hire purchase contracts

-

39,569

105,962

205,752

12.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

15,710

21,733

Deferred tax

£

Balance at 1 January 2025

21,733

Provided during year

(6,023

)

Balance at 31 December 2025

15,710

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

92,500

Ordinary

1p

925

925

7,500

B Ordinary

1p

75

75

1,000

1,000

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Amounts due from director(s) at the balance sheet date total £547,893 (2024: £506,597). Amounts due are unsecured and repayable on demand. Interest has been charged using HM Revenue and Customs’ beneficial loan rate.

Interest of £17,400 has been charged on the overdrawn Directors current account balance at HM Revenue & Customs' official rate of interest.

15.	RELATED PARTY DISCLOSURES

Personal guarantees have been provided by a director to Lloyds Bank and IWOCA for amounts outstanding on the relevant loan/borrowing.