Paul Sellars Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 06780019

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,493		7,684

			3,493		7,684
CURRENT ASSETS
Stocks	5	100		100
Debtors	6	4,092		43,212
Cash at bank and in hand		26,310		9,422

		30,502		52,734
Creditors: Amounts Falling Due Within One Year	7	(7,658 )		(29,757 )

NET CURRENT ASSETS (LIABILITIES)			22,844		22,977

TOTAL ASSETS LESS CURRENT LIABILITIES			26,337		30,661

PROVISIONS FOR LIABILITIES
Deferred Taxation			(670 )		(1,460 )

NET ASSETS			25,667		29,201

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			25,567		29,101

SHAREHOLDERS' FUNDS			25,667		29,201

Page 1

Page 2

Paul Sellars Limited

Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

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 Paul Sellars

Director

5th January 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Paul Sellars Limited is a private company, limited by shares, incorporated in England & Wales, registered number 06780019 . The registered office is 13 Anglian Way, Market Rasen, Lincs, LN8 3RP.

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 comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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:

Plant & Machinery	25% on cost
Motor Vehicles	20% on cost

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2025	2024
Office and administration	1	1

	1	1

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 January 2025	152	20,957	21,109

As at 31 December 2025	152	20,957	21,109

Depreciation
As at 1 January 2025	152	13,273	13,425
Provided during the period	-	4,191	4,191

As at 31 December 2025	152	17,464	17,616

...CONTINUED

Page 3

Page 4

Paul Sellars Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

Net Book Value
As at 31 December 2025	-	3,493	3,493

As at 1 January 2025	-	7,684	7,684

5. Stocks

	2025	2024
	£	£
Stock	100	100

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	4,092	43,212

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	19,419
Corporation tax	4,660	5,166
VAT	1,627	4,458
Accruals and deferred income	615	615
Director's loan account	756	99

	7,658	29,757

8. Share Capital

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

9. Directors Advances, Credits and Guarantees

Dividends paid to directors

10. Dividends

	2025	2024
	£	£
On equity shares:
Interim dividend paid	20,000	28,000

11. Ultimate Controlling Party

The company's ultimate controlling party is P Sellars by virtue of his ownership of 100% of the issued share capital in the company.