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Company Registration No. 7506979 (England and Wales)
KG McGahan Consulting Limited Unaudited accounts for the year ended 31 December 2024
KG McGahan Consulting Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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KG McGahan Consulting Limited Company Information for the year ended 31 December 2024
Directors
Kieron George McGahan Karen McGahan
Company Number
7506979 (England and Wales)
Registered Office
40 Severn Road Maidenbower Crawley RH10 7ZF
Accountants
KG McGahan Consulting Ltd 40 Severn Road Crawley West Sussex RH10 7ZF
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KG McGahan Consulting Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
14,592 
15,693 
Current assets
Debtors
5
5,064 
2,898 
Cash at bank and in hand
36,758 
23,083 
41,822 
25,981 
Creditors: amounts falling due within one year
6
(28,372)
(27,844)
Net current assets/(liabilities)
13,450 
(1,863)
Total assets less current liabilities
28,042 
13,830 
Creditors: amounts falling due after more than one year
7
(3,124)
(6,769)
Provisions for liabilities
Deferred tax
(238)
(322)
Net assets
24,680 
6,739 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
24,670 
6,729 
Shareholders' funds
24,680 
6,739 
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 28 September 2025 and were signed on its behalf by
Kieron George McGahan Director Company Registration No. 7506979
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KG McGahan Consulting Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
KG McGahan Consulting Limited is a private company, limited by shares, registered in England and Wales, registration number 7506979. The registered office is 40 Severn Road, Maidenbower, Crawley, RH10 7ZF.
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:
Land & buildings
20 years straight line
Plant & machinery
3 years straight line
Fixtures & fittings
10 years straight line
Computer equipment
3 years straight line
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2024
15,370 
604 
641 
2,647 
19,262 
Additions
- 
269 
- 
465 
734 
At 31 December 2024
15,370 
873 
641 
3,112 
19,996 
Depreciation
At 1 January 2024
1,290 
579 
177 
1,523 
3,569 
Charge for the year
682 
58 
86 
1,009 
1,835 
At 31 December 2024
1,972 
637 
263 
2,532 
5,404 
Net book value
At 31 December 2024
13,398 
236 
378 
580 
14,592 
At 31 December 2023
14,080 
25 
464 
1,124 
15,693 
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KG McGahan Consulting Limited Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
5,064 
2,898 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,645 
3,124 
VAT
5,654 
4,542 
Trade creditors
226 
59 
Taxes and social security
18,797 
17,175 
Other creditors
47 
- 
Loans from directors
- 
2,941 
Accruals
3 
3 
28,372 
27,844 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
3,124 
6,769 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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