smallAccCompHo_0921.xslt
Company Registration No. 14735697 (England and Wales)
GFI Timet Ltd
Financial Statements
for the Period from 01 November 2024 to 31 October 2025

GFI Timet Ltd

Financial Statements for the period ending 31 October 2025

CONTENTS PAGE
Company Information 2
Statement of Financial Position 3
Notes to the Accounts 4
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GFI Timet Ltd

Financial Statements for the period ending 31 October 2025

Company Information

Company Details
Company Number 14735697
Registered Office Unit 4 Ninian Park
Ninian Way
Wilnecote
Tamworth
B77 5ES
Directors
Directors who held office during the period were:
M W Jones Resigned   11/05/2026
J W K Taylor Resigned   11/05/2026
C MacPherson   
J Bourne   
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GFI Timet Ltd

Financial Statements for the period ending 31 October 2025

Statement of Financial Position

123456789
Notes 2025 2024
£ £
Fixed Assets
Intangible assets 5 900,000 -
Tangible assets 6 1,427,882 1,700,000
Current Assets
Debtors due 31,025 1,754
Cash at bank and in hand 9,012 5,187
40,037 6,941
Creditors
Amount falling due within one year (104,323) (3,912,249)
Net Current Assets (64,286) (3,905,308)
Total Assets less current liabilities 2,263,596 (2,205,308)
Provision for liabilities (416,458) (577,571)
Accruals and deferred income - (100,000)
Net Assets 1,847,138 (2,882,879)
Capital and Reserves
Called up Share Capital 100 100
Revaluation Reserve 911,381 -
Retained earnings at end of year 935,657 (2,882,979)
Shareholder funds 1,847,138 (2,882,879)
For the year ending 31/10/2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
Approved by the Board on 09 October 2026
C MacPherson
Company Registration No. 14735697
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GFI Timet Ltd

Financial Statements for the period ending 31 October 2025

Notes to the Accounts

1. Statutory Information
GFI Timet Ltd is a private company, limited by shares, registered in England and Wales, registration number 14735697.
2. Accounting Policies
Basis of preparing the Financial Statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).
Presentation Currency
The accounts are presented in £ sterling.
Turnover
Turnover is recognised to the extent that the Company obtains the right to consideration in exchange for its performance. Turnover is measured at the fair value of the consideration received, excluding discount, rebates, VAT and other sales taxes or duty.
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GFI Timet Ltd

Financial Statements for the period ending 31 October 2025

Notes to the Accounts

Current Tax
Tax is recognised in the Statement of Comprehensive Income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.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 income.
Tangible Fixed Asset Policy
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.Assets that are subject to depreciation or amortisation are assessed at each reporting date to determine whether there is any indication that the assets are impaired. Where there is any indication that an asset may be impaired, the carrying value of the asset (or cash-generating unit to which the asset has been allocated) is tested for impairment. An impairment loss is recognised for the amount by which the asset's carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset's (or CGU's) fair value less costs to sell and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash flows (CGUs). Non-financial assets that have been previously impaired are reviewed at each reporting date to assess whether there is any indication that the impairment losses recognised in prior periods may no longer exist or may have decreased.The tangible assets therefore, where subject to depreciation, have had an impairment review based on market value and no depreciation has been recognised in these financial statements.
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GFI Timet Ltd

Financial Statements for the period ending 31 October 2025

Notes to the Accounts

Intangible Asset Policy
Intangible assets have been reviewed in the year, and there has been a recognition of a grid connection for which the company has ownership of. This has been measured at market value in accordance with the Directors valuation and has not been amortised.
Deferred Tax
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:• The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and• Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
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GFI Timet Ltd

Financial Statements for the period ending 31 October 2025

Notes to the Accounts

3. Employees
Average number of employees, including directors, during the year was as follows:
2025 2
2024 2
4. Principal Activity
The principal activity of the company is that of wholesale power generation.
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GFI Timet Ltd

Financial Statements for the period ending 31 October 2025

Notes to the Accounts

5. Intangible Assets
Other Total
Cost £ £
At 01/11/2024 - -
Additions - -
Disposals - -
Revaluations 900,000 900,000
At 31/10/2025 900,000 900,000
Amortisation
At 01/11/2024 - -
Charge for the Year - -
On Disposals - -
Other increases/(decreases) - -
At end of period - -
Net book value
At 31/10/2025 900,000 900,000
At 31/10/2024 - -
6. Fixed Assets
Land and buildings Plant and Machinery Computer Equipment Total
Cost or valuation £ £ £ £
At 01/11/2024 288,619 4,436,271 1,969 4,726,859
Additions - - - -
Revaluation 11,381 - - 11,381
At 31/10/2025 300,000 4,436,271 1,969 4,738,240
Depreciation
At 01/11/2024 - 3,024,891 1,968 3,026,859
Charge for the year - 283,498 1 283,499
At 31/10/2025 - 3,308,389 1,969 3,310,358
Net Book Value
At 31/10/2025 300,000 1,127,882 - 1,427,882
At 31/10/2024 288,619 1,411,380 1 1,700,000
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