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Company Registration No. 10582775 (England and Wales)
Pauls Garage Services Gosport Ltd Unaudited accounts for the year ended 31 January 2025
Pauls Garage Services Gosport Ltd Unaudited accounts Contents
Page
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Pauls Garage Services Gosport Ltd Company Information for the year ended 31 January 2025
Director
P Lofting
Company Number
10582775 (England and Wales)
Registered Office
203 West Street Fareham PO16 0EN
Accountants
Taxsense 203 West Street Fareham Hants PO16 0EN
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Pauls Garage Services Gosport Ltd Accountants' report
Accountants' report to the director of Pauls Garage Services Gosport Ltd on the preparation of the unaudited statutory accounts for the year ended 31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Pauls Garage Services Gosport Ltd for the year ended 31 January 2025 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 Pauls Garage Services Gosport Ltd, 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 Pauls Garage Services Gosport Ltd 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 Pauls Garage Services Gosport Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Pauls Garage Services Gosport Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Pauls Garage Services Gosport Ltd. You consider that Pauls Garage Services Gosport Ltd 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 Pauls Garage Services Gosport Ltd. 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.
Taxsense 203 West Street Fareham Hants PO16 0EN 15 April 2025
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Pauls Garage Services Gosport Ltd Statement of financial position as at 31 January 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,378 
9,837 
Current assets
Debtors
1,250 
- 
Cash at bank and in hand
3,932 
2,395 
5,182 
2,395 
Creditors: amounts falling due within one year
(96,763)
(63,260)
Net current liabilities
(91,581)
(60,865)
Net liabilities
(84,203)
(51,028)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(84,303)
(51,128)
Shareholders' funds
(84,203)
(51,028)
For the year ending 31 January 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 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 15 April 2025 and were signed on its behalf by
P Lofting Director Company Registration No. 10582775
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Pauls Garage Services Gosport Ltd Notes to the Accounts for the year ended 31 January 2025
1
Statutory information
Pauls Garage Services Gosport Ltd is a private company, limited by shares, registered in England and Wales, registration number 10582775. The registered office is 203 West Street, Fareham, PO16 0EN .
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
25 % on reducing balance method
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2024
17,926 
At 31 January 2025
17,926 
Depreciation
At 1 February 2024
8,089 
Charge for the year
2,459 
At 31 January 2025
10,548 
Net book value
At 31 January 2025
7,378 
At 31 January 2024
9,837 
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
1,250 
- 
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Pauls Garage Services Gosport Ltd Notes to the Accounts for the year ended 31 January 2025
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
(1,906)
- 
VAT
5,913 
2,169 
Trade creditors
6,038 
- 
Taxes and social security
752 
868 
Other creditors
16 
103 
Loans from directors
82,909 
56,717 
Accruals
3,041 
3,403 
96,763 
63,260 
7
Share capital
2025 
2024 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
P Lofting
Directors Loan Account
(56,717)
(39,612)
(13,422)
(82,907)
(56,717)
(39,612)
(13,422)
(82,907)
9
Average number of employees
During the year the average number of employees was 3 (2024: 4).
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