John Gargan Limited

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

Registered number: 08641045

		31 December 2025		31 August 2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		-		180

			-		180
CURRENT ASSETS
Debtors	5	1,338		2,741
Cash at bank and in hand		7,207		7,763

		8,545		10,504
Creditors: Amounts Falling Due Within One Year	6	(15,341 )		(14,755 )

NET CURRENT ASSETS (LIABILITIES)			(6,796 )		(4,251 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(6,796 )		(4,071 )

NET LIABILITIES			(6,796 )		(4,071 )

CAPITAL AND RESERVES
Called up share capital	7		100		100
Profit and Loss Account			(6,896 )		(4,171 )

SHAREHOLDERS' FUNDS			(6,796)		(4,071)

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John Gargan Limited

Balance Sheet (continued)

As At 31 December 2025

For the period 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 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 John Gargan

Director

01/06/2026

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

1. General Information

John Gargan Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08641045 . The registered office is 67 Fordwich Rise, Hertford, Hertfordshire, SG14 2BW.

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.

The financial statements have been modified where necessary to reflect that the financial statements have not been prepared on the going concern basis.

2.2. Going Concern Disclosure

The company ceased trading on 31 December 2025 and the directors do not intend that the company will recommence trading. Accordingly, the directors have concluded that the going concern basis of accounting is not appropriate. The financial statements have therefore been prepared on a basis other that a going concern basis.

In preparing the financial statements, the directors have reviewed the carrying values of the company's assets and liabilities. Assets have been reviewed and written down to estimated recoverable or net realisable values where appropriate. Liabilities have been stated at the amounts expected to be settled.

No provision has been made for future costs of closing down the company unless the company had a present obligation at the balance sheet date.

2.3. 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 rendering of services.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

As the company ceased trading on 31 December 2025, tangible fixed assets have been reviewed for impairment and written down to their estimated recoverable or net realisable amounts where these are lower than carrying value.

Where assets were sold after the balance sheet date, the directors have considered the sales proceeds as evidence of the recoverable value of those assets at 31 December 2025, where appropriate.

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

18% straight line method

3. Average Number of Employees

Average number of employees, including directors, during the period was: 2 (2025: 2)

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John Gargan Limited

Notes to the Financial Statements (continued)

For the Period 1 September 2025 to 31 December 2025

4. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 September 2025	9,143
Disposals	(9,143 )

As at 31 December 2025	-

Depreciation
As at 1 September 2025	8,963
Disposals	(8,963 )

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	-

As at 1 September 2025	180

5. Debtors

	31 December 2025	31 August 2025
	£	£
Due within one year
Trade debtors	1,338	2,741

Trade and other debtors are recognised at the amount expected to be recovered.

As the company ceased to trading on 31 December 2025, the directors have reviewed the recoverability of all debtor balances. Specific provision has been made for amounts considered irrecoverable.

Cash received after the balance sheet date has been considered as evidence of recoverability at 31 December 2025, where appropriate.

6. Creditors: Amounts Falling Due Within One Year

	31 December 2025	31 August 2025
	£	£
Other taxes and social security	320	640
Net wages	-	1,280
Other creditors	1,567	-
Accruals and deferred income	2,050	1,771
Directors' loan accounts	11,404	11,064

	15,341	14,755

The company has ceased trading and has insufficient assets to repay the director's loan in full. However, the balance remains legally payable and has therefore continued to be recognised as a creditor at the reporting date.

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John Gargan Limited

Notes to the Financial Statements (continued)

For the Period 1 September 2025 to 31 December 2025

7. Share Capital

	31 December 2025	31 August 2025
	£	£
Allotted, Called up and fully paid	100	100

8. Dividends

No dividends were declared or paid during the period. No further dividends were proposed before the financial statements were approved.

9. Post Balance Sheet Events

After the balance sheet date, the company continued to collect debtors, settle creditors and realise remaining assets as part of the cessation of trade.

After the balance sheet date:

Trade debtors of £1,338 were collected;
Tangible fixed assets were disposed of for nil proceeds.

These events have been considered by the directors in assessing the recoverability of assets and the settlement valur of liabilities at 31 December 2025, where they provide evidence of conditions existing at the balance sheet date.

The directors intend to settle the remaning liabilities and apply for the company to be struck off.

10. Additional Note to the Accounts

In preparing these financial statements, the directors have made judgements and estimates in relation to the recoverability of debtors, the recoverable value of tangible fixed assets and the amounts at which liabilities are expected to be settled.

The directors have considered information available up to the date of approval of the financial statements, including post-period-end receipts, payments and asset disposals, where that information provides evidence of conditions existing at 31 December 2025.

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