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Company Registration No. 12277266 (England and Wales)
PAUL GOUGH TRANSPORT LTD Unaudited accounts for the year ended 31 December 2024
PAUL GOUGH TRANSPORT LTD Unaudited accounts Contents
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PAUL GOUGH TRANSPORT LTD Company Information for the year ended 31 December 2024
Directors
Paul Gough Sarah Hutt
Company Number
12277266 (England and Wales)
Registered Office
105 MARLBOROUGH GARDENS FARINGDON SN7 7DF ENGLAND
Accountants
Swash & Co Boston House Grove Business Park Wantage Oxfordshire OX12 9FF
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PAUL GOUGH TRANSPORT LTD Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
80,925 
93,375 
Current assets
Debtors
19,202 
16,772 
Cash at bank and in hand
10,053 
2,007 
29,255 
18,779 
Creditors: amounts falling due within one year
(36,922)
(7,464)
Net current (liabilities)/assets
(7,667)
11,315 
Total assets less current liabilities
73,258 
104,690 
Creditors: amounts falling due after more than one year
(67,794)
(103,840)
Net assets
5,464 
850 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
5,463 
849 
Shareholders' funds
5,464 
850 
For the year ending 31 December 2024 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 24 January 2025 and were signed on its behalf by
Paul Gough Director Company Registration No. 12277266
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PAUL GOUGH TRANSPORT LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
PAUL GOUGH TRANSPORT LTD is a private company, limited by shares, registered in England and Wales, registration number 12277266. The registered office is 105 MARLBOROUGH GARDENS, FARINGDON, SN7 7DF, ENGLAND.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Plant & machinery
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 January 2024
124,500 
At 31 December 2024
124,500 
Depreciation
At 1 January 2024
31,125 
Charge for the year
12,450 
At 31 December 2024
43,575 
Net book value
At 31 December 2024
80,925 
At 31 December 2023
93,375 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
19,202 
16,772 
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PAUL GOUGH TRANSPORT LTD Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,326 
(18,947)
Obligations under finance leases and hire purchase contracts
22,598 
25,960 
Taxes and social security
7,413 
(9,089)
Other creditors
200 
200 
Loans from directors
235 
4,067 
Accruals
1,150 
5,273 
36,922 
7,464 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
67,794 
103,840 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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