Company Registration No. 03746704 (England and Wales)
Gasgain Limited
Unaudited accounts
for the year ended 30 April 2025
Gasgain Limited
Unaudited accounts
Contents
Gasgain Limited
Company Information
for the year ended 30 April 2025
Directors
P J Gibbons
G J Chadburn
Company Number
03746704 (England and Wales)
Registered Office
Unit 2 Century Buildings
Moor Lane
Mansfield
Nottinghamshire
NG18 5SF
UK
Accountants
Net Accountancy Solutions Limited
12 Harles Acres
Hickling
Melton Mowbray
LEICESTERSHIRE
LE14 3AF
Gasgain Limited
Statement of financial position
as at 30 April 2025
Cash at bank and in hand
95,185
92,491
Creditors: amounts falling due within one year
(77,264)
(60,222)
Net current assets
214,764
221,035
Net assets
215,174
221,581
Called up share capital
499
499
Profit and loss account
214,675
221,082
Shareholders' funds
215,174
221,581
For the year ending 30 April 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2025 and were signed on its behalf by
P J Gibbons
Director
Company Registration No. 03746704
Gasgain Limited
Notes to the Accounts
for the year ended 30 April 2025
Gasgain Limited is a private company, limited by shares, registered in England and Wales, registration number 03746704. The registered office is Unit 2 Century Buildings, Moor Lane, Mansfield, Nottinghamshire, NG18 5SF, UK.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable for courses provided, excluding discounts, rebates and value added tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met for each of the company's activities.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
33.33% straight line
Other tangible fixed assets
10% straight line
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Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2024
59,205
31,439
1,248
91,892
At 30 April 2025
59,205
31,439
1,248
91,892
At 1 May 2024
59,205
31,335
806
91,346
Charge for the year
-
-
136
136
At 30 April 2025
59,205
31,335
942
91,482
At 30 April 2025
-
104
306
410
At 30 April 2024
-
104
442
546
Gasgain Limited
Notes to the Accounts
for the year ended 30 April 2025
Amounts falling due within one year
Other debtors
195,318
188,061
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
19,325
8,277
Other creditors
57,375
51,467
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
The loan is repayable on demand. Interest is charged at a rate of 2% per year on outstanding balance
171,557
13,762
8,617
176,702
171,557
13,762
8,617
176,702
At the end of the year the director owed the company £176,702 (2024: £171,557). Part of this balance has arisen because the
director is holding £116,000 on trust on behalf of the company. This money can be called on at any time to be repaid.
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Transactions with related parties
G J Chadburn, director was owed £38,943 (2024: £36,287) by the company. The amount is interest free and is included under other creditors.
The company occupies premises owned by the directors, P J Gibbons and G J Chadburn, personally and paid rent of £15,420 (2024: £15,420). No amounts were outstanding at the end of the year.
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Average number of employees
During the year the average number of employees was 1 (2024: 1).