Contents of the Financial Statements

for the Period Ended 31 March 2026

Directors' report period ended 31 March 2026

The directors present their report with the financial statements of the company for the period ended 31 March 2026

Directors

The director shown below has held office during the whole of the period from
1 April 2025 to 31 March 2026

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
10 April 2026

And signed on behalf of the board by:
Name: Dr George Amakor
Status: Director

Profit And Loss Account

for the Period Ended 31 March 2026

Balance sheet

As at 31 March 2026

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 March 2026 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 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 notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 2026

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Our turnover policy applies to all employees and departments responsible for maintaining, filing and transferring records. All files whether physical or electronic belong to the company. Employees are responsible for maintaining organized and up to date files in accordance with company guidelines. Upon an employee's resignation, termination or transfer as the case maybe, they must ensure all files and records are properly handed over to their successor or supervisor. Failure to comply with this policy may result in disciplinary actions, including potential termination of employment or legal action if company documents are misused or lost.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are stated as cost, net of accumulated depreciation and other impairment losses. These costs include expenditure directly attributable to the acquisition of the assets. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the costs, less estimated residual value, on a straight line basis over their estimated useful lives. Office equipments are fixed at 5 yers straight line Furniture and fixtures are fixed at 6 years straight line. Computer equipments are fixed at 4 years straight line. The assets residual values and useful lives are reviewed annually and adjusted if appropriate. An item of tangible fixed assets is derecognized upon disposal or when no future economic benefits are expected from its use. Gains and losses on disposal are determined by comparing proceeds with the carrying amount, and are included in the income statement as required.

  Intangible fixed assets amortisation policy

  Intangible assets at GAP International are amortised over their expected useful life. If the useful life is finite, it is important to determine a reasonable period depending on the assets type. As stated in the previous slide, the company uses the straight line method to amortise intangible assets thereby allocating equal amount over the useful life. Where certain intangible assets have an indefinite useful life for example, the company's trademarks; such are not amortised rather they are tested annually for impairment. GAP International also ensures to review intangible assets for impairment, ensuring the assets carrying amount does not exceed its recoverable amount. The amortisation period, method and any impairment losses are disclosed in the financial statements.

  Valuation information and policy

  Property, plant and equipments are valued and recognised at costs which includes purchase price and any directly attributable costs. They are also measured using the Cost and Revaluation Models where the costs model is carried at cost less accumulated depreciation and impairment while under the revaluation model, they are carried at a revalued amount less subsequent depreciation and impairment losses. Depreciation is charged on a straight line basis over the estimated useful life of each asset. Intangible assets such as patents, trademarks or software are recognized at cost if they meet recognition criteria under applicable standards. Inventories are measured at the lower costs or net realized value. Costs include all direct purchases, conversion and other costs incurred in bringing the inventories to their present location and condition. The company discloses valuation policies and practices in the financial statements including any significant judgements, estimates or assumptions made in valuing assets and liabilities.

  Other accounting policies

  These include an overview of the principles, bases, conventions and rules followed by the company in preparing its financial statements. Some policies include revenue recognition such as how and when the company recognizes revenue in its accounts. Inventory valuation used to value inventory. Foreign currency translation such as how the company accounts for transactions and balances in other foreign currencies.

Notes to the Financial Statements

for the Period Ended 31 March 2026

• 2. Employees

  	2026	2025
  Average number of employees during the period	6	6