Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-3121consultancytruefalse2023-01-01false30trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10519750 2023-01-01 2023-12-31 10519750 2022-01-01 2022-12-31 10519750 2023-12-31 10519750 2022-12-31 10519750 c:Director1 2023-01-01 2023-12-31 10519750 d:OfficeEquipment 2023-01-01 2023-12-31 10519750 d:OfficeEquipment 2023-12-31 10519750 d:OfficeEquipment 2022-12-31 10519750 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 10519750 d:CurrentFinancialInstruments 2023-12-31 10519750 d:CurrentFinancialInstruments 2022-12-31 10519750 d:Non-currentFinancialInstruments 2023-12-31 10519750 d:Non-currentFinancialInstruments 2022-12-31 10519750 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 10519750 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 10519750 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 10519750 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 10519750 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 10519750 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 10519750 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 10519750 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 10519750 d:ShareCapital 2023-12-31 10519750 d:ShareCapital 2022-12-31 10519750 d:RetainedEarningsAccumulatedLosses 2023-12-31 10519750 d:RetainedEarningsAccumulatedLosses 2022-12-31 10519750 c:FRS102 2023-01-01 2023-12-31 10519750 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 10519750 c:FullAccounts 2023-01-01 2023-12-31 10519750 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 10519750 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 10519750










PAUL GOUGH LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
PAUL GOUGH LIMITED
REGISTERED NUMBER: 10519750

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
11,827
9,328

  
11,827
9,328

CURRENT ASSETS
  

Debtors
 5 
87,107
89,202

Cash at bank and in hand
 6 
947
10,090

  
88,054
99,292

Creditors: amounts falling due within one year
 7 
(50,120)
(40,430)

NET CURRENT ASSETS
  
 
 
37,934
 
 
58,862

TOTAL ASSETS LESS CURRENT LIABILITIES
  
49,761
68,190

Creditors: amounts falling due after more than one year
 8 
(144,154)
(134,273)

  

NET LIABILITIES
  
(94,393)
(66,083)


CAPITAL AND RESERVES
  

Called up share capital 
  
100
100

Profit and loss account
  
(94,493)
(66,183)

  
(94,393)
(66,083)


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 September 2024.



Page 1

 
PAUL GOUGH LIMITED
REGISTERED NUMBER: 10519750
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023


Mr P A Gough
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
PAUL GOUGH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


GENERAL INFORMATION

The company is a private company, limited by shares, incorporated in England and Wales and its registered office is:-
25 Raby Road
Hartlepool
TS24 8AS

2.ACCOUNTING POLICIES

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors, having made due and careful enquiry are of the opinion that the company has adequate working capital to execute its operations over the next 12 months. The directors, therefore, have made an informed judgement, at the time of approving the financial statements, that there is reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result, the directors have continued to adopt the going concern basis of accounting in preparing the annual financial statements

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
PAUL GOUGH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.ACCOUNTING POLICIES (continued)

 
2.4

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
5%
Straight-line method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.


3.


EMPLOYEES

2023
2022
£
£

Wages and salaries
854,128
618,242

Social security costs
80,950
57,563

Cost of defined contribution scheme
56,055
14,315

991,133
690,120


The average monthly number of employees, including directors, during the year was 30 (2022 - 21).

Page 4

 
PAUL GOUGH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


TANGIBLE FIXED ASSETS





Office equipment

£



Cost 


At 1 January 2023
21,501


Additions
6,880



At 31 December 2023

28,381



Depreciation


At 1 January 2023
12,173


Charge for the year on owned assets
4,381



At 31 December 2023

16,554



Net book value



At 31 December 2023
11,827



At 31 December 2022
9,328


5.


DEBTORS

2023
2022
£
£

Due after more than one year

Amounts owed by group undertakings
87,107
87,396

87,107
87,396

Due within one year

Trade debtors
-
1,332

Other debtors
-
474

87,107
89,202


Page 5

 
PAUL GOUGH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


CASH AND CASH EQUIVALENTS

2023
2022
£
£

Cash at bank and in hand
947
10,090

Bank overdrafts
(3)
(3)

944
10,087



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Bank overdrafts
3
3

Bank loans
10,000
10,000

Trade creditors
4,144
5,311

Other taxation and social security
28,292
21,730

Other creditors
5,552
1,981

Accruals and deferred income
2,129
1,405

50,120
40,430



8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023
2022
£
£

Bank loans
15,077
25,910

Amounts owed to group undertakings
129,077
108,363

144,154
134,273


Page 6

 
PAUL GOUGH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


LOANS


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 1-2 years

Bank loans
10,000
10,000


10,000
10,000

Amounts falling due 2-5 years

Bank loans
5,077
15,910


5,077
15,910


25,077
35,910



10.


PENSION COMMITMENTS

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company  in an independently administered fund. The pension cost charge represents contributions payable by the company  to the fund and amounted to £35,000 (2022 - £0.00) . 

Page 7