Filleted

Registration number: 12359834

GS Wellbeing Services Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 9

GS Wellbeing Services Ltd

Company Information

Directors

Ms G Strong Mr S J Squires

Registered office

Llys Deri Parc Pensarn Carmarthen SA31 2NF

GS Wellbeing Services Ltd

(Registration number: 12359834)
Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	780	975
Current assets
Stocks	6	-	18,420
Debtors	7	23,810	3,680
Cash at bank and in hand		4,560	8,549
		28,370	30,649
Creditors: Amounts falling due within one year	8	(28,925)	(31,003)
Net current liabilities		(555)	(354)
Net assets		225	621
Capital and reserves
Called up share capital		100	100
Profit and loss account		125	521
Total equity		225	621

For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

GS Wellbeing Services Ltd

(Registration number: 12359834)
Balance Sheet as at 31 March 2026

Approved and authorised by the Board on 4 September 2026 and signed on its behalf by:
 

......................................... Ms G Strong Director

......................................... Mr S J Squires Director

GS Wellbeing Services Ltd

Notes to the Financial Statements for the Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Llys Deri
Parc Pensarn
Carmarthen
SA31 2NF

These financial statements were authorised for issue by the Board on 4 September 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

GS Wellbeing Services Ltd

Notes to the Financial Statements for the Year Ended 31 March 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	20% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

GS Wellbeing Services Ltd

Notes to the Financial Statements for the Year Ended 31 March 2026

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

4	Profit before tax

Arrived at after charging/(crediting)

	2026 £	2025 £
Depreciation expense	195	244

GS Wellbeing Services Ltd

Notes to the Financial Statements for the Year Ended 31 March 2026

5	Tangible assets

	Office equipment £	Total £
Cost or valuation
At 1 April 2025	1,482	1,482
At 31 March 2026	1,482	1,482
Depreciation
At 1 April 2025	507	507
Charge for the year	195	195
At 31 March 2026	702	702
Carrying amount
At 31 March 2026	780	780
At 31 March 2025	975	975

6

Stocks

	2026 £	2025 £
Work in progress	-	18,420

7

Debtors

	2026 £	2025 £
Prepayments	280	-
Other debtors	23,530	3,680
	23,810	3,680

GS Wellbeing Services Ltd

Notes to the Financial Statements for the Year Ended 31 March 2026

8

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Trade creditors		-	1,157
Taxation and social security		15,918	15,360
Directors' loan accounts	10	-	2,742
Other creditors		13,007	11,744
		28,925	31,003

9	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary A shares of £1 each	50	50	50	50
Ordinary B shares of £1 each	50	50	50	50
	100	100	100	100

GS Wellbeing Services Ltd

Notes to the Financial Statements for the Year Ended 31 March 2026

10	Related party transactions

Transactions with directors

2026	At 1 April 2025 £	Other payments made to company by director £	At 31 March 2026 £
Ms G Strong
Interest free loan repayable on demand	(1,320)	2,639	1,319
Mr S J Squires
Interest free loan repayable on demand	(1,422)	2,874	1,452

2025	At 1 April 2024 £	Other payments made to company by director £	At 31 March 2025 £
Ms G Strong
Interest free loan repayable on demand	(658)	(661)	(1,320)
Mr S J Squires
Interest free loan repayable on demand	(761)	(661)	(1,422)