REGISTERED NUMBER: 06564181 (England and Wales)

Gough Electrical Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr PJ Gough

Mrs AE Gough

REGISTERED OFFICE:

8 Lon Y Wylan

Belgrano

Abergele

Conwy

LL22 9YJ

REGISTERED NUMBER:

06564181 (England and Wales)

ACCOUNTANTS:

Pritchett & Co

Chartered Accountants and Chartered Tax Advisers

16 Wynnstay Road

Colwyn Bay

Conwy

LL29 8NB

FIXED ASSETS

Tangible assets

4

19,248

25,671

CURRENT ASSETS

Stocks

58,000

50,550

Debtors

5

110,541

80,512

Cash at bank and in hand

166,994

211,095

335,535

342,157

CREDITORS

Amounts falling due within one year

6

146,699

171,035

NET CURRENT ASSETS

188,836

171,122

TOTAL ASSETS LESS CURRENT LIABILITIES

208,084

196,793

CREDITORS

Amounts falling due after more than one year

7

(1,000

)

(7,001

)

PROVISIONS FOR LIABILITIES

(4,811

)

(6,417

)

NET ASSETS

202,273

183,375

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

202,271

183,373

202,273

183,375

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

Mr PJ Gough - Director

Mrs AE Gough - Director

1.	STATUTORY INFORMATION

Gough Electrical Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office Equip

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Office

fittings

vehicles

Equip

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

47,957

27,250

20,099

95,306

DEPRECIATION

At 1 April 2024

42,108

11,980

15,547

69,635

Charge for year

1,465

3,817

1,141

6,423

At 31 March 2025

43,573

15,797

16,688

76,058

NET BOOK VALUE

At 31 March 2025

4,384

11,453

3,411

19,248

At 31 March 2024

5,849

15,270

4,552

25,671

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Trade debtors

68,425

79,356

Other debtors

42,116

1,156

110,541

80,512

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans and overdrafts

6,000

6,000

Trade creditors

63,854

69,255

Taxation and social security

35,386

33,162

Other creditors

41,459

62,618

146,699

171,035

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

£

Bank loans

1,000

7,001

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The Directors Loan Account was overdrawn by £39,997 as at 31 March 2025. This was repaid subsequent to the year end.