Paul Gaughan Building Consultants Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06250585

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		56,131		8,127

			56,131		8,127
CURRENT ASSETS
Debtors	5	16,292		5,394
Cash at bank and in hand		117,602		84,840

		133,894		90,234
Creditors: Amounts Falling Due Within One Year	6	(58,827 )		(43,025 )

NET CURRENT ASSETS (LIABILITIES)			75,067		47,209

TOTAL ASSETS LESS CURRENT LIABILITIES			131,198		55,336

Creditors: Amounts Falling Due After More Than One Year	7		(11,783 )		-

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(1,621 )		(1,544 )

NET ASSETS			117,794		53,792

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			117,694		53,692

SHAREHOLDERS' FUNDS			117,794		53,792

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Paul Gaughan Building Consultants Limited

Balance Sheet (continued)

As At 31 May 2025

For the year ending 31 May 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 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr D S Brotherhood

Director

30 October 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Paul Gaughan Building Consultants Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06250585 . The registered office is Unit E14 Langham Park Industrial Estate , Lows Lane Stanton-By-Dale, Ilkeston, Derbyshire, DE7 4RJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	5% straight line method
Fixtures & Fittings	25% reducing balance method

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 5 (2024: 6)

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Paul Gaughan Building Consultants Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

4. Tangible Assets

	Land & Property
	Leasehold	Fixtures & Fittings	Total
	£	£	£
Cost
As at 1 June 2024	-	30,740	30,740
Additions	55,277	2,785	58,062

As at 31 May 2025	55,277	33,525	88,802

Depreciation
As at 1 June 2024	-	22,613	22,613
Provided during the period	7,677	2,381	10,058

As at 31 May 2025	7,677	24,994	32,671

Net Book Value
As at 31 May 2025	47,600	8,531	56,131

As at 1 June 2024	-	8,127	8,127

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	14,470	5,394
Prepayments and accrued income	1,822	-

	16,292	5,394

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	180
Other loans	20,200	-
Corporation tax	24,064	5,326
Other taxes and social security	-	701
VAT	12,570	11,160
Hire Purchase	-	500
Accruals and deferred income	493	2,877
Directors' loan accounts	1,500	22,281

	58,827	43,025

7. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Other loans	11,783	-

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Paul Gaughan Building Consultants Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

8. Deferred Taxation

The provision for deferred tax is made up as follows:

	2025	2024
	£	£
Accelerated capital allowances	1,621	1,544

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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