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Registered number: 14374559
Gatrad & Associates Limited
Unaudited Financial Statements
For The Year Ended 31 May 2026
Smith Hannah Limited
Chartered Certified Accountants
50 Woodgate
Leicester
LE3 5GF
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14374559
2026 2025
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,359,014 1,553,158
Tangible Assets 5 102,266 3,113,629
1,461,280 4,666,787
CURRENT ASSETS
Debtors 6 3,144,540 94,389
Cash at bank and in hand 863,870 873,438
4,008,410 967,827
Creditors: Amounts Falling Due Within One Year 7 (171,595 ) (236,093 )
NET CURRENT ASSETS (LIABILITIES) 3,836,815 731,734
TOTAL ASSETS LESS CURRENT LIABILITIES 5,298,095 5,398,521
NET ASSETS 5,298,095 5,398,521
CAPITAL AND RESERVES
Called up share capital 100 100
Share premium account 5,051,620 5,051,620
Profit and Loss Account 246,375 346,801
SHAREHOLDERS' FUNDS 5,298,095 5,398,521
Page 1
Page 2
For the year ending 31 May 2026 the company was entitled to exemption from audit 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 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Anis Abdul Majid Gatrad
Director
5 October 2026
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Gatrad & Associates Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14374559 . The registered office is 50 Woodgate, Leicester, LE3 5GF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold None
Plant & Machinery 10% reducing balance
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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2.5. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2025: 16)
16 16
4. Intangible Assets
Goodwill
£
Cost
As at 1 June 2025 1,941,448
As at 31 May 2026 1,941,448
Amortisation
As at 1 June 2025 388,290
Provided during the period 194,144
As at 31 May 2026 582,434
Net Book Value
As at 31 May 2026 1,359,014
As at 1 June 2025 1,553,158
Page 4
Page 5
5. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 June 2025 3,000,000 140,283 3,140,283
Disposals (3,000,000 ) - (3,000,000 )
As at 31 May 2026 - 140,283 140,283
Depreciation
As at 1 June 2025 - 26,654 26,654
Provided during the period - 11,363 11,363
As at 31 May 2026 - 38,017 38,017
Net Book Value
As at 31 May 2026 - 102,266 102,266
As at 1 June 2025 3,000,000 113,629 3,113,629
6. Debtors
2026 2025
£ £
Due within one year
Trade debtors 64,540 48,975
Amounts owed by group undertakings 3,000,000 -
Other debtors 80,000 45,414
3,144,540 94,389
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Trade creditors 61,170 72,548
Other creditors 9,064 11,808
Taxation and social security 101,361 151,737
171,595 236,093
8. Ultimate Parent Undertaking and Controlling Party
The company's parent undertaking is Gatrad Investments Limited, a company incorporated in Great Britain. The registered office address is 50 Woodgate, Leicester, LE3 5GF.
Page 5