REGISTERED NUMBER: 07139983 (England and Wales)

G.N.S. LOGISTICS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 JANUARY 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G E Phelps

Mr D A Phelps

Miss D Phelps

SECRETARY:

REGISTERED OFFICE:

Hale House, Unit 5

296a Green Lanes

Palmers Green

London

N13 5TW

REGISTERED NUMBER:

07139983 (England and Wales)

ACCOUNTANTS:

T. PA Accountancy Services Limited

Hale House

Unit 5

296a Green Lanes

Palmers Green

London

N13 5TW

FIXED ASSETS

Tangible assets

4

501,819

455,283

CURRENT ASSETS

Debtors

5

364,251

217,325

Cash at bank and in hand

243,423

345,073

607,674

562,398

CREDITORS

Amounts falling due within one year

6

385,017

372,445

NET CURRENT ASSETS

222,657

189,953

TOTAL ASSETS LESS CURRENT LIABILITIES

724,476

645,236

CREDITORS

Amounts falling due after more than one year

7

131,881

120,808

NET ASSETS

592,595

524,428

CAPITAL AND RESERVES

Called up share capital

8

100

100

Retained earnings

9

592,495

524,328

SHAREHOLDERS' FUNDS

592,595

524,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 October 2026 and were signed on its behalf by:

Mr G E Phelps - Director

1.	STATUTORY INFORMATION

G.N.S. Logistics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on reducing balance

Computer equipment

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2025 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 February 2025

871,184

2,397

873,581

Additions

212,776

1,032

213,808

At 31 January 2026

1,083,960

3,429

1,087,389

DEPRECIATION

At 1 February 2025

417,194

1,104

418,298

Charge for year

166,691

581

167,272

At 31 January 2026

583,885

1,685

585,570

NET BOOK VALUE

At 31 January 2026

500,075

1,744

501,819

At 31 January 2025

453,990

1,293

455,283

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

360,536

213,610

Prepayments

3,715

3,715

364,251

217,325

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

269,087

223,790

Corporation tax payable

5,744

26,050

Social security and other taxes

12,673

33,255

VAT

41,647

49,763

Other creditors

3,000

-

Nest pension control

10,101

-

Directors' current accounts

21,143

143

Accrued expenses

21,622

39,444

385,017

372,445

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2026

2025

£

£

Bounce Back Loan

1,720

11,205

Hire purchase contracts

109,161

88,603

Amounts owed to participating interests

21,000

21,000

131,881

120,808

Amounts falling due in more than five years:

Repayable by instalments

Bounce Back Loan

1,720

11,205

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

100

Ordinary

£1

100

100

9.

RESERVES

Retained

earnings

£

At 1 February 2025

524,328

Profit for the year

69,167

Dividends

(1,000

)

At 31 January 2026

592,495