Gt. Electric Services Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 06798016 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2026

FOR

GT. ELECTRIC SERVICES LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

S J Tillotson

G J Tillotson

SECRETARY:

S J Tillotson

REGISTERED OFFICE:

3 The Rookery

Peasemore

Newbury

Berks

RG20 7JY

REGISTERED NUMBER:

06798016 (England and Wales)

ACCOUNTANTS:

C B Heslop & Company Limited

Chartered Accountants

1 High Street

Thatcham

Berks

RG19 3JG

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

10,521

15,903

10,521

15,903

CURRENT ASSETS

Stocks

1,000

Debtors

6

15,881

20,836

Cash at bank and in hand

14,151

13,438

31,032

35,274

CREDITORS

Amounts falling due within one year

7

29,463

35,007

NET CURRENT ASSETS

1,569

267

TOTAL ASSETS LESS CURRENT
LIABILITIES

12,090

16,170

CREDITORS

Amounts falling due after more than one
year

8

(9,834

)

(13,144

)

PROVISIONS FOR LIABILITIES

(2,163

)

(3,022

)

NET ASSETS

93

4

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

91

2

SHAREHOLDERS' FUNDS

93

4

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2026 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 10 September 2026 and were signed on its behalf by:

G J Tillotson - Director

1.	STATUTORY INFORMATION

Gt. Electric Services 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 represents net invoiced sales of goods and services, excluding VAT.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Motor vehicles

-

20% on cost

Office equipment

-

33% 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.

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 statement of financial position date.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2025

and 31 May 2026

10,000

AMORTISATION

At 1 June 2025

and 31 May 2026

10,000

NET BOOK VALUE

At 31 May 2026

-

At 31 May 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Office

fittings

vehicles

equipment

Totals

£

COST

At 1 June 2025

and 31 May 2026

3,275

26,292

3,044

32,611

DEPRECIATION

At 1 June 2025

3,275

10,517

2,916

16,708

Charge for year

-

5,258

124

5,382

At 31 May 2026

3,275

15,775

3,040

22,090

NET BOOK VALUE

At 31 May 2026

-

10,517

4

10,521

At 31 May 2025

-

15,775

128

15,903

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

Trade debtors

4,421

4,611

Other debtors

11,460

16,225

15,881

20,836

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.26

31.5.25

£

Hire purchase contracts

3,311

Trade creditors

5,342

8,134

Taxation and social security

19,434

19,708

Other creditors

1,376

3,854

29,463

35,007

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.5.26

31.5.25

£

Hire purchase contracts

9,834

13,144

9.	CONTINGENT LIABILITIES

There were no contingent liabilities at the balance sheet date or at 31st May 2025.

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2026 and 31 May 2025:

31.5.26

31.5.25

£

G J Tillotson

Balance outstanding at start of year

5,808

-

Amounts advanced

-

5,808

Amounts repaid

(2,398

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

3,410

5,808

S J Tillotson

Balance outstanding at start of year

5,807

-

Amounts advanced

-

5,807

Amounts repaid

(2,398

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

3,409

5,807

S455 tax has been charged on the above overdrawn loan account balances.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling parties are the directors.