1 December 2024 v2026.31.1 limited_company_frs_102_section_1a_v1_1_3 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsexbrli:purexbrli:sharesiso4217:GBP137386502024-12-012025-11-30137386502025-11-3013738650bus:Director12024-12-012025-11-3013738650bus:RegisteredOffice2024-12-012025-11-30137386502023-12-012024-11-301373865072023-12-012024-11-30137386502024-11-3013738650core:WithinOneYear2025-11-3013738650core:WithinOneYear2024-11-3013738650core:AfterOneYear2025-11-3013738650core:AfterOneYear2024-11-3013738650core:SharePremium2025-11-3013738650core:SharePremium2024-11-3013738650core:OtherReservesSubtotal2025-11-3013738650core:OtherReservesSubtotal2024-11-3013738650core:RetainedEarningsAccumulatedLosses2025-11-3013738650core:RetainedEarningsAccumulatedLosses2024-11-3013738650core:SharePremium2023-12-0113738650core:OtherReservesSubtotal2023-12-0113738650core:RetainedEarningsAccumulatedLosses2023-12-01137386502023-12-0113738650core:OtherReservesSubtotal52023-12-012024-11-3013738650core:OtherReservesSubtotal2023-12-012024-11-3013738650core:RetainedEarningsAccumulatedLosses2023-12-012024-11-3013738650core:SharePremium2024-12-0113738650core:OtherReservesSubtotal2024-12-0113738650core:RetainedEarningsAccumulatedLosses2024-12-01137386502024-12-0113738650core:RetainedEarningsAccumulatedLosses2024-12-012025-11-3013738650core:PlantMachinery2024-12-0113738650core:PlantMachinery2024-12-012025-11-3013738650core:PlantMachinery2025-11-3013738650core:PlantMachinery2024-11-3013738650core:CostValuation2024-12-0113738650core:OtherIncreaseDecreaseInInvestments2025-11-3013738650core:CostValuation2025-11-301373865012024-12-012025-11-3013738650countries:EnglandWales2024-12-012025-11-3013738650bus:AuditExemptWithAccountantsReport2024-12-012025-11-3013738650bus:PrivateLimitedCompanyLtd2024-12-012025-11-3013738650bus:SmallEntities2024-12-012025-11-3013738650bus:FullAccounts2024-12-012025-11-30
Company registration number:
13738650
Gfsl Ltd
Unaudited Financial Statements for the year ended
30 November 2025
Gfsl Ltd
Officers and Professional Advisers
Year ended
30 November 2025
Director
Mr G Frenkev
Registered office
37 Sausthorpe Street
Lincoln
LN5 7XL
England
Accountant
Infoaccounting100 Ltd
9 LYDDEN ROAD
LONDON
SW18 4LT
United Kingdom
Gfsl Ltd
Director's Report
Year ended
30 November 2025
The director presents the report and the unaudited
financial statements
of the company for the year ended 30 November 2025.

Directors

The director who served the company during the year was as follows:
Mr G Frenkev

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
17 August 2026
and signed on behalf of the board by:
Mr G Frenkev
Director
Gfsl Ltd
Report to the board of directors on the preparation of the unaudited statutory financial statements of Gfsl Ltd
Year ended
30 November 2025
As described on the statement of financial position, the Board of Directors of
Gfsl Ltd
are responsible for the preparation of the
financial statements
for the year ended
30 November 2025
, which comprise the income statement, statement of total comprehensive income, statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Infoaccounting100 Ltd
9 LYDDEN ROAD
LONDON
SW18 4LT
United Kingdom
Date:
17 August 2026
Gfsl Ltd
Income Statement
Year ended
30 November 2025
20252024
Note££
Turnover
692,724
 
267,004
 
Gross profit
692,724
 
267,004
 
Administrative expenses
(912,581
 )
(254,596
 )
Operating (loss)/profit
(219,857
 )
12,408
 
Interest payable and similar expenses
(4,370
 )
(7,967
 )
Suspense account -   (32,080 )
Loss before tax 4
(224,227
 )
(27,639
 )
Tax on loss -   -  
Loss for the financial year
(224,227
 )
(27,639
 )
Gfsl Ltd
Statement of Total Comprehensive Income
Year ended
30 November 2025
20252024
££
Loss for the financial year
(224,227
 )
(27,639
 )
Reclassification from other reserves to profit and loss account -  
(1,930
 )
Total comprehensive income
(224,227
 )
(29,569
 )
Gfsl Ltd
Statement of Financial Position
30 November 2025
20252024
Note££
Fixed assets    
Tangible assets 6
19,281
 
23,907
 
Investments 7
(4,650
 )
(5,000
 )
14,631
 
18,907
 
Current assets    
Debtors 8 -  
46,189
 
Creditors: amounts falling due within one year 9
(9,247
 )
(53,401
 )
Net current liabilities
(9,247
 )
(7,212
 )
Total assets less current liabilities 5,384   11,695  
Creditors: amounts falling due after more than one year 10
(325,390
 )
(104,297
 )
Suspense account 3,177   -  
Net liabilities
(316,829
 )
(92,602
 )
Capital and reserves    
Share premium
(4,656
 )
(4,656
 )
Other reserves
33,254
 
33,254
 
Profit and loss account
(345,427
 )
(121,200
 )
Shareholders deficit
(316,829
 )
(92,602
 )
For the year ending
30 November 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
financial statements
have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These
financial statements
were approved by the board of directors and authorised for issue on
17 August 2026
, and are signed on behalf of the board by:
Mr G Frenkev
Director
Company registration number:
13738650
Gfsl Ltd
Statement of Changes in Equity
Year ended
30 November 2025
Share premium accountOther reservesProfit and loss accountTotal
££££
At 1 December 2023
(4,656
 )
35,184
 
(93,561
 )
(63,033
 )
Loss for the year- - (27,639)(27,639)
Other comprehensive income for the year:        
Reclassification from other reserves to profit and loss account- 
(1,930
)- 
(1,930
)
Total comprehensive income for the year- 
(1,930
)
(27,639
)
(29,569
)
At 30 November 2024 and 
1 December 2024
(4,656
)
33,254
 
(121,200
)
(92,602
)
Loss for the year- - (224,227)(224,227)
Total comprehensive income for the year- - 
(224,227
)
(224,227
)
At
30 November 2025
(4,656
)
33,254
 
(345,427
)
(316,829
)
Gfsl Ltd
Notes to the Financial Statements
Year ended
30 November 2025

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
37 Sausthorpe Street
,
Lincoln
,
LN5 7XL
, England.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.
Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4 Loss before tax

Loss before tax is stated after charging/(crediting):
20252024
££
Depreciation of tangible assets
19,961
 
13,253
 

5 Average number of employees

The average number of persons employed by the company during the year was
2
(2024:
2.00
).

6 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 December 2024
54,020
 
Additions
15,335
 
At
30 November 2025
69,355
 
Depreciation  
At
1 December 2024
30,113
 
Charge
19,961
 
At
30 November 2025
50,074
 
Carrying amount  
At
30 November 2025
19,281
 
At 30 November 2024
23,907
 

7 Investments

Other investments
£
Cost  
At
1 December 2024
(5,000
 )
Other movements
350
 
At
30 November 2025
(4,650
 )
Impairment  
At
1 December 2024
and
30 November 2025
 -  
Carrying amount  
At
30 November 2025
(4,650
 )
At 30 November 2024
(5,000
 )

8 Debtors

20252024
££
Other debtors -  
46,189
 

9 Creditors: amounts falling due within one year

20252024
££
Taxation and social security
9,247
 
53,401
 

10 Creditors: amounts falling due after more than one year

20252024
££
Bank loans and overdrafts
2,183
 
2,183
 
Other creditors
323,207
 
102,114
 
325,390
 
104,297