GSi Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04969397

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		23,722		14,313

			23,722		14,313
CURRENT ASSETS
Debtors	6	37,477		28,352
Cash at bank and in hand		42,576		69,841

		80,053		98,193
Creditors: Amounts Falling Due Within One Year	7	(50,145 )		(57,598 )

NET CURRENT ASSETS (LIABILITIES)			29,908		40,595

TOTAL ASSETS LESS CURRENT LIABILITIES			53,630		54,908

PROVISIONS FOR LIABILITIES
Deferred Taxation			(4,973 )		-

NET ASSETS			48,657		54,908

CAPITAL AND RESERVES
Called up share capital	8		800		800
Profit and Loss Account			47,857		54,108

SHAREHOLDERS' FUNDS			48,657		54,908

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GSi Ltd

Balance Sheet (continued)

As At 31 March 2026

For the 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.

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

O M Humphriss

Director

28th August 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

GSi Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04969397 . The registered office is 155 Wellingborough Road, Rushden, Northamptonshire, NN10 9TB.

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.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Other Intangible

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.

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:

Leasehold	10% on cost
Fixtures & Fittings	Straight line over 15 years
Computer Equipment	25% on cost

2.5. Taxation

The taxation expense represents the sum of the corporation tax currently payable and any deferred tax.

The corporation tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus 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 in respect of all timing differences that have originated but not reversed at 31 March 2026.

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. Average Number of Employees

Average number of employees, excluding directors, during the year was: 9 (2025: 7)

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GSi Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

4. Intangible Assets

	Other
	£
Cost
As at 1 April 2025	120,000

As at 31 March 2026	120,000

Amortisation
As at 1 April 2025	120,000

As at 31 March 2026	120,000

Net Book Value
As at 31 March 2026	-

As at 1 April 2025	-

5. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 April 2025	-	64,580	35,178	99,758
Additions	3,816	10,085	2,831	16,732

As at 31 March 2026	3,816	74,665	38,009	116,490

Depreciation
As at 1 April 2025	-	54,276	31,169	85,445
Provided during the period	763	3,661	2,899	7,323

As at 31 March 2026	763	57,937	34,068	92,768

Net Book Value
As at 31 March 2026	3,053	16,728	3,941	23,722

As at 1 April 2025	-	10,304	4,009	14,313

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	36,924	28,352
Other debtors	553	-

	37,477	28,352

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GSi Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Other creditors	10,177	19,084
Taxation and social security	39,968	38,514

	50,145	57,598

8. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
400 Ordinary Shares of £ 1.00 each	400	400
100 Ordinary B shares of £ 1.00 each	100	100
100 Ordinary C shares of £ 1.00 each	100	100
100 Ordinary D shares of £ 1.00 each	100	100
100 Ordinary E shares of £ 1.00 each	100	100

	800	800

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