Gas Services Hove Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 08535220 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 May 2023

for

Gas Services Hove Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Marr

REGISTERED OFFICE:

42 Wicklands Avenue

Saltdean

East Sussex

BN2 8EP

REGISTERED NUMBER:

08535220 (England and Wales)

ACCOUNTANTS:

Clarke Goodhand Smith Limited

12a Marlborough Place

BRIGHTON

East Sussex

BN1 1WN

FIXED ASSETS

Tangible assets

4

654

885

CURRENT ASSETS

Debtors

5

41,439

43,715

Cash at bank and in hand

17,678

21,608

59,117

65,323

CREDITORS

Amounts falling due within one year

6

22,295

18,238

NET CURRENT ASSETS

36,822

47,085

TOTAL ASSETS LESS CURRENT LIABILITIES

37,476

47,970

CREDITORS

Amounts falling due after more than one year

7

(36,845

)

(47,788

)

PROVISIONS FOR LIABILITIES

9

(124

)

(168

)

NET ASSETS

507

14

CAPITAL AND RESERVES

Called up share capital

10

10

10

Retained earnings

11

497

4

SHAREHOLDERS' FUNDS

507

14

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 22 February 2024 and were signed by:

A Marr - Director

1.	STATUTORY INFORMATION

Gas Services Hove Ltd 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 represents net invoiced sales of services, excluding value added tax.

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

-

25% on reducing balance

Computer equipment

-

33% on cost

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 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 June 2022

and 31 May 2023

2,319

4,739

7,058

DEPRECIATION

At 1 June 2022

1,447

4,726

6,173

Charge for year

218

13

231

At 31 May 2023

1,665

4,739

6,404

NET BOOK VALUE

At 31 May 2023

654

-

654

At 31 May 2022

872

13

885

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.23

31.5.22

£

£

Trade debtors

14,143

24,702

Other debtors

-

475

Director's current account

27,296

18,538

41,439

43,715

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.23

31.5.22

£

£

Bank loans and overdrafts (see note 8)

5,540

-

Trade creditors

7,367

8,896

Tax

4,851

4,312

VAT

4,537

5,030

22,295

18,238

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.5.23

31.5.22

£

£

Bank loans (see note 8)

36,845

47,788

8.

LOANS

An analysis of the maturity of loans is given below:

31.5.23

31.5.22

£

£

Amounts falling due within one year or on demand:

Bank loans

5,540

-

Amounts falling due between one and two years:

Bank loans - 1-2 years

5,680

-

Amounts falling due between two and five years:

Bank loans - 2-5 years

31,165

47,788

9.	PROVISIONS FOR LIABILITIES

31.5.23

31.5.22

£

£

Deferred tax

124

168

Deferred

tax

£

Balance at 1 June 2022

168

Accelerated capital allowances

(44

)

Balance at 31 May 2023

124

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.23

31.5.22

value:

£

£

10

Ordinary

£1

10

10

11.

RESERVES

Retained

earnings

£

At 1 June 2022

4

Profit for the year

20,493

Dividends

(20,000

)

At 31 May 2023

497

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2023 and 31 May 2022:

31.5.23

31.5.22

£

£

A Marr

Balance outstanding at start of year

18,538

21,115

Amounts repaid

(30,400

)

(38,952

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

27,295

18,538

Interest has been charged on the overdrawn amount at the official HM Revenue & Customs rate.

The overdrawn amount was repaid to the company by 28 February 2024.

13.	CONTROLLING PARTY

The company is controlled by its director, A Marr, by virtue of his ownership of 100% of the issued share capital.