REGISTERED NUMBER: 11777949 (England and Wales)

GAS GOLD LIMITED

Unaudited Financial Statements

for the Year Ended 31 August 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S L Edwards

J A Edwards

REGISTERED OFFICE:

22 Valley Enterprise

Bedwas

Caerphilly

Caerphilly

CF83 8GF

REGISTERED NUMBER:

11777949 (England and Wales)

ACCOUNTANTS:

MHA (trading name of MHA Advisory Ltd)

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

FIXED ASSETS

Tangible assets

4

31,685

31,911

CURRENT ASSETS

Stocks

25,000

10,000

Debtors

5

874,541

489,785

Cash at bank and in hand

226,333

386,657

1,125,874

886,442

CREDITORS

Amounts falling due within one year

6

(225,608

)

(212,375

)

NET CURRENT ASSETS

900,266

674,067

TOTAL ASSETS LESS CURRENT LIABILITIES

931,951

705,978

CREDITORS

Amounts falling due after more than one year

7

(4,472

)

(14,320

)

PROVISIONS FOR LIABILITIES

(2,991

)

(2,906

)

NET ASSETS

924,488

688,752

CAPITAL AND RESERVES

Called up share capital

8

104

101

Retained earnings

924,384

688,651

SHAREHOLDERS' FUNDS

924,488

688,752

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 26 August 2026 and were signed on its behalf by:

J A Edwards - Director

1.	STATUTORY INFORMATION

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

The company's functional and presentational currency in the financial statements is the Sterling (£), rounded to the nearest pound.

The significant accounting policies applied in the presentation of these financial statements are set out below.

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.

There have been no material departures from Financial Reporting Standard 102 Section 1A.

Turnover

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

Tangible fixed assets

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

Motor Vehicles

-

25% on cost

Plant and Machinery

-

15% on cost

Fixtures and Fittings

-

15% on cost

Stocks

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

Current tax

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the period and is calculated using the tax rates and laws that have been enacted or substantively enacted at 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company. The annual contributions payable are charged to the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

Fittings

vehicles

Totals

£

£

£

£

COST

At 1 September 2024

13,350

11,833

81,057

106,240

Additions

1,902

5,986

6,500

14,388

Disposals

-

-

(11,794

)

(11,794

)

At 31 August 2025

15,252

17,819

75,763

108,834

DEPRECIATION

At 1 September 2024

5,079

3,598

65,652

74,329

Charge for year

2,188

2,521

9,905

14,614

Eliminated on disposal

-

-

(11,794

)

(11,794

)

At 31 August 2025

7,267

6,119

63,763

77,149

NET BOOK VALUE

At 31 August 2025

7,985

11,700

12,000

31,685

At 31 August 2024

8,271

8,235

15,405

31,911

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

93,095

99,000

Other debtors

781,446

390,785

874,541

489,785

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,898

9,847

Trade creditors

73,708

126,132

Taxation and social security

117,951

33,821

Other creditors

24,051

42,575

225,608

212,375

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

4,472

14,320

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100

1

Ordinary B

£1

1

1

1

Ordinary C

£1

1

-

1

Ordinary D

£1

1

-

1

Ordinary E

£1

1

-

104

101

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary C

£1

1

-

1

Ordinary D

£1

1

-

1

Ordinary E

£1

1

-

3

-

The following shares were issued during the year for cash at par :

1 Ordinary C share of £1

1 Ordinary D share of £1

1 Ordinary E share of £1

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2025 and 31 August 2024:

2025

2024

£

£

J A Edwards and S L Edwards

Balance outstanding at start of year

200,176

98,775

Amounts advanced

639,384

155,507

Amounts repaid

(623,355

)

(54,106

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

216,205

200,176

There are no fixed repayment terms and interest has been charged on the balance at a commercial rate.