G.P.T. Engineering Supplies Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: 02372421

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		6,935		9,141

			6,935		9,141
CURRENT ASSETS
Stocks	5	13,250		33,550
Debtors	6	203,718		166,718
Cash at bank and in hand		30,059		100

		247,027		200,368
Creditors: Amounts Falling Due Within One Year	7	(129,557 )		(113,714 )

NET CURRENT ASSETS (LIABILITIES)			117,470		86,654

TOTAL ASSETS LESS CURRENT LIABILITIES			124,405		95,795

Creditors: Amounts Falling Due After More Than One Year	8		(5,707 )		(9,568 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(1,456 )		(1,736 )

NET ASSETS			117,242		84,491

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			117,142		84,391

SHAREHOLDERS' FUNDS			117,242		84,491

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G.P.T. Engineering Supplies Limited

Balance Sheet (continued)

As At 30 April 2026

For the year ending 30 April 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 T J Lyons

Director

16 October 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

G.P.T. Engineering Supplies Limited is a private company, limited by shares, incorporated in England & Wales, registered number 02372421 . The registered office is 49 Gaol Road, Stafford, Staffordshire, ST16 3AR.

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 VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reilaibly. This is usually on the dispatch of the goods.

Other income

Other income is recognised as the company's right to receive payment is established.

2.3. 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:

Motor Vehicles	25% RB
Fixtures & Fittings	15% RB

2.4. Leasing and Hire Purchase Contracts

Assets acquired under hire purchase contracts are capitalised and depreciated over the shorter of the lease term and the expected useful life of the asset. The related obligations, net of future finance charges, are included in creditors.

Rentals payable and receivable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

2.5. Stocks and Work in Progress

Stocks and work in progress are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all cost of purchase, cost of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

2.6. 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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G.P.T. Engineering Supplies Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

2.6. 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.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

2.9. Loans and borrowings

Loans and borrowings are initially reognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairement. If arrangement constitutes a finance transaction if is measured at present value.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 3)

4. Tangible Assets

	Plant & Machinery etc.
	£
Cost
As at 1 May 2025	26,678

As at 30 April 2026	26,678

Depreciation
As at 1 May 2025	17,537
Provided during the period	2,206

As at 30 April 2026	19,743

Net Book Value
As at 30 April 2026	6,935

As at 1 May 2025	9,141

Included above are assets held under finance leases or hire purchase contracts with a net book value as follows:

	2026	2025
	£	£
Motor Vehicles	6,268	8,359

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G.P.T. Engineering Supplies Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

5. Stocks

	2026	2025
	£	£
Stock	13,250	33,550

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	195,933	161,477
Prepayments and accrued income	3,267	2,039
Other debtors	4,518	3,202

	203,718	166,718

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	2,361	2,361
Trade creditors	77,287	52,343
Bank loans and overdrafts	2,250	18,787
Corporation tax	14,910	3,474
Other taxes and social security	312	296
VAT	23,249	26,556
Other creditors	3,868	4,989
Accruals and deferred income	4,223	3,811
Directors' loan accounts	1,097	1,097

	129,557	113,714

8. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	5,707	8,068
Bank loans	-	1,500

	5,707	9,568

9. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	2,361	2,361
Later than one year and not later than five years	5,707	8,068

	8,068	10,429

	8,068	10,429

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G.P.T. Engineering Supplies Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2026

10. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

11. Other Commitments

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £10,600 (2025: £10,600).

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