| REGISTERED NUMBER: |
| GT GASWORKS LTD |
| Unaudited Financial Statements |
| for the Year Ended 31 August 2025 |
| REGISTERED NUMBER: |
| GT GASWORKS LTD |
| Unaudited Financial Statements |
| for the Year Ended 31 August 2025 |
| GT GASWORKS LTD (REGISTERED NUMBER: NI613598) |
| Contents of the Financial Statements |
| for the year ended 31 August 2025 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| GT GASWORKS LTD |
| Company Information |
| for the year ended 31 August 2025 |
| Director: |
| Registered office: |
| Registered number: |
| Accountants: |
| Unit 7, Dyehouse |
| Linen Green |
| Dungannon |
| BT71 7HB |
| GT GASWORKS LTD (REGISTERED NUMBER: NI613598) |
| Statement of Financial Position |
| 31 August 2025 |
| 2025 | 2024 |
| Notes | £ | £ |
| Fixed assets |
| Property, plant and equipment | 5 |
| Current assets |
| Inventories |
| Debtors: amounts falling due within one year |
6 |
| Cash at bank |
| Creditors |
| Amounts falling due within one year | 7 | ( |
) | ( |
) |
| Net current assets |
| Total assets less current liabilities |
| Creditors |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| Net assets |
| Capital and reserves |
| Called up share capital |
| Revaluation reserve | 9 |
| Retained earnings |
| The director acknowledges her 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. |
| GT GASWORKS LTD (REGISTERED NUMBER: NI613598) |
| Statement of Financial Position - continued |
| 31 August 2025 |
| The financial statements were approved by the director and authorised for issue on |
| GT GASWORKS LTD (REGISTERED NUMBER: NI613598) |
| Notes to the Financial Statements |
| for the year ended 31 August 2025 |
| 1. | Statutory information |
| GT Gasworks Ltd is a |
| 2. | Statement of compliance |
| 3. | Accounting policies |
| Basis of preparing the financial statements |
| The Financial Statements are prepared under the historical cost convention modified when necessary to include the revaluation of certain fixed assets. |
| The accounting policies detailed below have been applied consistently throughout the year. |
| Revenue |
| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Property, plant and equipment |
| Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. Cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. |
| The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows: |
| Plant & machinery | - 25% reducing balance |
| Fixtures & fittings | - 25% reducing balance |
| Motor vehicles | - 25% reducing balance |
| The carrying values of property, plant and equipment are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable. |
| Inventories |
| Inventories are valued at the lower of cost and net realisable value. Cost comprises expenditure incurred in the normal course of business in bringing stocks to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| 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 statement of financial position date. |
| GT GASWORKS LTD (REGISTERED NUMBER: NI613598) |
| Notes to the Financial Statements - continued |
| for the year ended 31 August 2025 |
| 3. | Accounting policies - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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. |
| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred. |
| 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. |
| Cash flow statement |
| The company has availed of the exemption in FRS 102 Section 1A from the requirement to prepare a Statement of Cash Flows because it is classified as a small company. |
| Hire purchase and leasing commitments |
| Property, plant and equipment held under leasing and hire purchase arrangements which transfer substantially all the risks and rewards of ownership to the company are capitalised and included in the Statement of Financial Position at their cost or valuation, less depreciation. The corresponding commitments are recorded as liabilities. Payments in respect of these obligations are treated as consisting of capital and interest elements, with interest charged to the Income Statement. |
| Finance costs |
| Finance costs are charged to the Income Statement over the term of the debt. |
| Government grants |
| Capital grants received and receivable are treated as deferred income and amortised to the Income Statement annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Income Statement when received. |
| Cash and cash equivalents |
| Cash and cash equivalents includes cash in hand and deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within current liabilities. |
| Share capital |
| Ordinary Shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares are shown in equity as a deduction, net of tax, from the proceeds. |
| 4. | Employees and directors |
| The average number of employees during the year was |
| GT GASWORKS LTD (REGISTERED NUMBER: NI613598) |
| Notes to the Financial Statements - continued |
| for the year ended 31 August 2025 |
| 5. | Property, plant and equipment |
| Fixtures |
| Plant and | and | Motor |
| machinery | fittings | vehicles | Totals |
| £ | £ | £ | £ |
| Cost |
| At 1 September 2024 |
| Additions |
| At 31 August 2025 |
| Depreciation |
| At 1 September 2024 |
| Charge for year |
| At 31 August 2025 |
| Net book value |
| At 31 August 2025 |
| At 31 August 2024 |
| 6. | Debtors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Trade receivables |
| Other receivables |
| 7. | Creditors: amounts falling due within one year |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | Creditors: amounts falling due after more than one year |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Hire purchase liabilities are secured against the assets to which they relate. |
| 9. | Reserves |
| Revaluation |
| reserve |
| £ |
| At 1 September 2024 |
| and 31 August 2025 |
| GT GASWORKS LTD (REGISTERED NUMBER: NI613598) |
| Notes to the Financial Statements - continued |
| for the year ended 31 August 2025 |
| 10. | Director's advances, credits and guarantees |
| At 31 August 2025 the amount owed by the company to the director was £2,041 (2024: £2,363 was owed by the company to the director). |