REGISTERED NUMBER: 05606474 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2025

for

G-KIT Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Britton

Mrs S Britton

SECRETARY:

Mrs S Britton

REGISTERED OFFICE:

Moore

6th Floor

Whitefriars

Lewins Mead

Bristol

BS1 2NT

REGISTERED NUMBER:

05606474 (England and Wales)

FIXED ASSETS

Tangible assets

4

9,848

3,605

CURRENT ASSETS

Debtors

5

125,660

122,063

Cash at bank and in hand

42,785

41,001

168,445

163,064

CREDITORS

Amounts falling due within one year

6

153,100

118,988

NET CURRENT ASSETS

15,345

44,076

TOTAL ASSETS LESS CURRENT LIABILITIES

25,193

47,681

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

25,093

47,581

SHAREHOLDERS' FUNDS

25,193

47,681

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 28 August 2026 and were signed on its behalf by:

M Britton - Director

1.	STATUTORY INFORMATION

G-KIT Ltd 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.

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.

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 annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

10% on straight line basis

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

leasehold

fittings

vehicles

Totals

£

£

£

£

COST

At 1 December 2024

12,695

6,937

17,495

37,127

Additions

-

8,760

-

8,760

At 30 November 2025

12,695

15,697

17,495

45,887

DEPRECIATION

At 1 December 2024

12,695

5,667

15,160

33,522

Charge for year

-

1,934

583

2,517

At 30 November 2025

12,695

7,601

15,743

36,039

NET BOOK VALUE

At 30 November 2025

-

8,096

1,752

9,848

At 30 November 2024

-

1,270

2,335

3,605

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

7,300

-

Amounts owed by group undertakings

52,192

77,192

Tax

-

2,892

VAT

9,168

2,779

Prepayments and accrued income

57,000

39,200

125,660

122,063

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Payments on account

45,419

45,419

Trade creditors

39,600

6,240

Tax

-

4,976

Social security and other taxes

486

214

Directors' current accounts

65,572

60,390

Accrued expenses

2,023

1,749

153,100

118,988

7.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

5,860

5,860

Between one and five years

21,345

27,205

27,205

33,065

8.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Share capital 1

£1

100

100

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, the company owed the directors £65,571 (2024 - £60,390). This amount is interest-free, and is disclosed within other creditors in the accounts.

10.	RELATED PARTY DISCLOSURES

The amount owed by SM (Felton) Property Development Ltd at the year end was £52,192 (2024 - £77,192). SM (Felton) Property Development Ltd is a company in which the directors, Mr M Britton and Mrs S Britton, are also directors and shareholders.This amount is disclosed within debtors.