REGISTERED NUMBER: 09521161 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2026

for

Gse Smart Repair Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

54,323

10,597

54,323

10,597

CURRENT ASSETS

Stocks

6

6,000

6,000

Debtors

7

67,493

61,151

Cash at bank

9,541

36,014

83,034

103,165

CREDITORS

Amounts falling due within one year

8

53,286

60,177

NET CURRENT ASSETS

29,748

42,988

TOTAL ASSETS LESS CURRENT LIABILITIES

84,071

53,585

CREDITORS

Amounts falling due after more than one year

9

(29,388

)

-

PROVISIONS FOR LIABILITIES

10

(7,020

)

(2,013

)

NET ASSETS

47,663

51,572

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

47,563

51,472

SHAREHOLDERS' FUNDS

47,663

51,572

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 October 2026 and were signed on its behalf by:

Mr B Allen - Director

Mrs C Allen - Director

1.	STATUTORY INFORMATION

Gse Smart Repair Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09521161

Registered office:

Unit 1 The Cam Centre

Wilbury Way

Hitchin

Hertfordshire

SG4 0TW

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 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.

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

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

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

50% 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. Cost includes all direct costs and an appropriate proportion of

fixed and variable overheads.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2025 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 May 2025

and 30 April 2026

11,275

AMORTISATION

At 1 May 2025

and 30 April 2026

11,275

NET BOOK VALUE

At 30 April 2026

-

At 30 April 2025

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 May 2025

8,704

38,641

8,070

55,415

Additions

-

53,829

-

53,829

At 30 April 2026

8,704

92,470

8,070

109,244

DEPRECIATION

At 1 May 2025

8,704

28,630

7,484

44,818

Charge for year

-

9,791

312

10,103

At 30 April 2026

8,704

38,421

7,796

54,921

NET BOOK VALUE

At 30 April 2026

-

54,049

274

54,323

At 30 April 2025

-

10,011

586

10,597

6.

STOCKS

2026

2025

£

£

Stocks

6,000

6,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

67,493

61,151

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

17,548

18,912

Tax

-

18,326

Social security and other taxes

5,043

2,758

VAT

11,125

9,885

Pension creditor

1,350

1,293

Other Creditors

3,396

-

Other Creditors

4,752

-

Directors' current accounts

3,285

2,905

Accrued expenses

6,757

6,048

Wages control

30

50

53,286

60,177

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Other Creditors

14,932

-

Other Creditors

14,456

-

29,388

-

10.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

7,020

2,013

Deferred

tax

£

Balance at 1 May 2025

2,013

Provided during year

5,007

Balance at 30 April 2026

7,020

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

A shares

£1

100

100

12.	RELATED PARTY DISCLOSURES

At the end of the year £3,284 was owed to the directors (2025 - £2,905). This loan is interest free and

repayable on demand.

13.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr B Allen and Mrs C Allen by virtue of their joint shareholding.