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Company Registration No. 06907778 (England and Wales)
Paul Doughty Limited Unaudited accounts for the year ended 31 May 2024
Paul Doughty Limited Unaudited accounts Contents
Page
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Paul Doughty Limited Company Information for the year ended 31 May 2024
Director
Paul Doughty
Company Number
06907778 (England and Wales)
Registered Office
4 Warwick Close Grantham Lincolnshire NG31 8RG
Accountants
Additions Accountancy (Grantham) Limited 2 Barn End Grantham Lincolnshire NG33 5EA
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Paul Doughty Limited Accountants' report
Accountants' report to the director of Paul Doughty Limited on the preparation of the unaudited statutory accounts for the year ended 31 May 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Paul Doughty Limited for the year ended 31 May 2024 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Paul Doughty Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Paul Doughty Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Paul Doughty Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Paul Doughty Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Paul Doughty Limited. You consider that Paul Doughty Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Paul Doughty Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Additions Accountancy (Grantham) Limited 2 Barn End Grantham Lincolnshire NG33 5EA 11 February 2025
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Paul Doughty Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,392 
6,036 
Current assets
Inventories
200 
200 
Debtors
5,225 
7,535 
Cash at bank and in hand
45,105 
50,242 
50,530 
57,977 
Creditors: amounts falling due within one year
(37,665)
(40,047)
Net current assets
12,865 
17,930 
Net assets
17,257 
23,966 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
17,255 
23,964 
Shareholders' funds
17,257 
23,966 
For the year ending 31 May 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 director acknowledges his 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 and authorised for issue on 11 February 2025 and were signed on its behalf by
Paul Doughty Director Company Registration No. 06907778
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Paul Doughty Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Paul Doughty Limited is a private company, limited by shares, registered in England and Wales, registration number 06907778. The registered office is 4 Warwick Close, Grantham, Lincolnshire, NG31 8RG.
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 method
Motor vehicles
25% reducing balance method
Computer equipment
25% reducing balance method
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2023
5,612 
12,495 
2,605 
20,712 
At 31 May 2024
5,612 
12,495 
2,605 
20,712 
Depreciation
At 1 June 2023
5,395 
6,931 
2,350 
14,676 
Charge for the year
59 
1,391 
194 
1,644 
At 31 May 2024
5,454 
8,322 
2,544 
16,320 
Net book value
At 31 May 2024
158 
4,173 
61 
4,392 
At 31 May 2023
217 
5,564 
255 
6,036 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,225 
7,535 
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Paul Doughty Limited Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
5,290 
2,301 
Taxes and social security
4,571 
8,882 
Loans from directors
26,604 
27,664 
Accruals
1,200 
1,200 
37,665 
40,047 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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