ACCOUNTS - Final Accounts

Analysis of the maturity of loans is given below:

Registered number: 08331399

GAUSEN & CO LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025


GAUSEN & CO LIMITED

CONTENTS

	Page
Statement of Financial Position	1 - 2
Notes to the Financial Statements	3 - 6


GAUSEN & CO LIMITED REGISTERED NUMBER:08331399

STATEMENT OF FINANCIAL POSITION

AS AT 31 MAY 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		1,177		1,569
Current assets
Debtors: amounts falling due within one year	5	331,725		279,624
Cash at bank and in hand		765		33,464
		332,490		313,088
Creditors: amounts falling due within one year	6	(133,231)		(129,127)
Net current assets			199,259		183,961
Total assets less current liabilities			200,436		185,530
Creditors: amounts falling due after more than one year	7		(443)		(5,685)

Net assets			199,993		179,845

Capital and reserves
Called up share capital	9	100	100
Profit and loss account		199,893	179,745
		199,993	179,845

Page 1


GAUSEN & CO LIMITED REGISTERED NUMBER:08331399

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 MAY 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 May 2026.

J Gausen

Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2


GAUSEN & CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

1.	General information

Gausen & Co Limited is a limited liability company incorporated in England and Wales with its registered office at 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.

The principal activity of the company was that of consultancy and sale of ski equipment.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover comprises revenue recognised by the company in respect of services supplied during the period, exclusive of Value Added Tax and trade discounts.

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided on the following basis:

Office equipment

25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Comprehensive Income.

2.4

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty.

2.6

Creditors

Short term creditors are measured at the transaction price.

Page 3


GAUSEN & CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

2.Accounting policies (continued)

2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.8

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

4.	Tangible fixed assets

		Office equipment
		£
	Cost
	At 1 June 2024	9,914
	At 31 May 2025	9,914
	Depreciation
	At 1 June 2024	8,345
	Charge for the year on owned assets	392
	At 31 May 2025	8,737
	Net book value
	At 31 May 2025	1,177
	At 31 May 2024	1,569

Page 4


GAUSEN & CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

Debtors

					2025	2024
					£	£


Other debtors	323,985	278,544
Prepayments and accrued income	7,740	1,080
	331,725	279,624

Other debtors include a balance of £242,232 (2024 - £213,304) owed by directors.

6.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Bank loans	5,242	5,113
Trade creditors	5,493	4,795
Taxation and social security	118,976	116,019
Accruals and deferred income	3,520	3,200
	133,231	129,127

7.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

	Bank loans	443	5,685

Amounts falling due within one year
Bank loans	5,242	5,113

Amounts falling due 2-5 years
Bank loans	443	5,685

	5,685	10,798

Page 5


GAUSEN & CO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

9.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

100 Ordinary shares of £1 each	100	100

Page 6