2022-07-01 2023-06-30 false Capium Accounts Production 1.1 04816556 bus:AbridgedAccounts 2022-07-01 2023-06-30 04816556 bus:FRS102 2022-07-01 2023-06-30 04816556 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 04816556 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 04816556 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 04816556 2022-07-01 2023-06-30 04816556 2023-06-30 04816556 bus:RegisteredOffice 2022-07-01 2023-06-30 04816556 core:WithinOneYear 2023-06-30 04816556 core:AfterOneYear 2023-06-30 04816556 bus:Director1 2022-07-01 2023-06-30 04816556 bus:Director1 2023-06-30 04816556 bus:Director1 2021-07-01 2022-06-30 04816556 bus:Director2 2022-07-01 2023-06-30 04816556 bus:Director2 2023-06-30 04816556 bus:Director2 2021-07-01 2022-06-30 04816556 2021-07-01 04816556 bus:CompanySecretary1 2022-07-01 2023-06-30 04816556 bus:LeadAgentIfApplicable 2022-07-01 2023-06-30 04816556 2021-07-01 2022-06-30 04816556 2022-06-30 04816556 core:WithinOneYear 2022-06-30 04816556 core:AfterOneYear 2022-06-30 04816556 bus:EntityAccountantsOrAuditors 2021-07-01 2022-06-30 04816556 core:FurnitureFittings 2022-07-01 2023-06-30 04816556 core:FurnitureFittings 2023-06-30 04816556 core:FurnitureFittings 2022-06-30 04816556 core:ComputerEquipment 2022-07-01 2023-06-30 04816556 core:ComputerEquipment 2023-06-30 04816556 core:ComputerEquipment 2022-06-30 04816556 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-06-30 04816556 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-06-30 04816556 core:NetGoodwill 2022-07-01 2023-06-30 04816556 core:NetGoodwill 2023-06-30 04816556 core:NetGoodwill 2022-06-30 04816556 core:CostValuation core:Non-currentFinancialInstruments 2023-06-30 04816556 core:CostValuation core:Non-currentFinancialInstruments 2022-06-30 04816556 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-06-30 04816556 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-06-30 04816556 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-06-30 04816556 core:Non-currentFinancialInstruments 2023-06-30 04816556 core:Non-currentFinancialInstruments 2022-06-30 04816556 core:ShareCapital 2023-06-30 04816556 core:ShareCapital 2022-06-30 04816556 core:RetainedEarningsAccumulatedLosses 2023-06-30 04816556 core:RetainedEarningsAccumulatedLosses 2022-06-30 04816556 dpl:Item1 2022-07-01 04816556 dpl:Item1 2023-06-30 04816556 dpl:Item1 2021-07-01 04816556 dpl:Item1 2022-06-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 04816556
England and Wales

 

 

 


Abridged Accounts

for the year ended 30 June 2023

for

VAUGHAN DATA SYSTEMS LTD

Report to the directors on the preparation of the unaudited statutory accounts of Vaughan Data Systems Ltd for the year ended 30 June 2023.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Vaughan Data Systems Ltd for the year ended 30 June 2023 which comprise of the Income Statement, the Statement of Financial Position and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://rulebook.accaglobal.com/.

This report is made solely to the Board of Directors of Vaughan Data Systems Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Vaughan Data Systems Ltd and state those matters that we have agreed to state to the Board of Directors of Vaughan Data Systems Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Vaughan Data Systems Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Vaughan Data Systems Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Vaughan Data Systems Ltd. You consider that Vaughan Data Systems Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Vaughan Data Systems Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

30 June 2023



....................................................
Krowe Limited
Basepoint Bromsgrove
Bromsgrove Technology Park
Bromsgrove
Worcestershire
B60 3ET
28 March 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Intangible fixed assets 3 8,000    9,000 
Tangible fixed assets 4 4,697    3,180 
12,697    12,180 
Current assets      
Stocks 13,939    11,365 
Debtors 226,902    196,718 
Cash at bank and in hand 855,872    768,455 
1,096,713    976,538 
Creditors: amount falling due within one year (200,576)   (195,536)
Net current assets 896,137    781,002 
 
Total assets less current liabilities 908,834    793,182 
Net assets 908,834    793,182 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 908,734    793,082 
Shareholder's funds 908,834    793,182 
 


For the year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 28 March 2024 and were signed on its behalf by:


-------------------------------
Russell Crowe
Director
2
General Information
Vaughan Data Systems Ltd is a private company, limited by shares, registered in England and Wales, registration number 04816556, registration address 7 The Courtyard, Harris Business Park, Hanbury Road, Stoke Prior, Bromsgrove, Worcestershire, B60 4DJ.

1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Group accounts
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings 15% Straight Line
Computer Equipment 25% Straight Line
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Employees and directors


Average number of employees during the year was 16 (2022 : 16).
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 01 July 2022 20,000    20,000 
Additions  
Disposals  
At 30 June 2023 20,000    20,000 
Amortisation
At 01 July 2022 11,000    11,000 
Charge for year 1,000    1,000 
On disposals  
At 30 June 2023 12,000    12,000 
Net book values
At 30 June 2023 8,000    8,000 
At 30 June 2022 9,000    9,000 


4.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Computer Equipment   Total
  £   £   £
At 01 July 2022 8,472    38,808    47,280 
Additions 50    3,327    3,377 
Disposals    
At 30 June 2023 8,522    42,135    50,657 
Depreciation
At 01 July 2022 7,567    36,533    44,100 
Charge for year 257    1,603    1,860 
On disposals    
At 30 June 2023 7,824    38,136    45,960 
Net book values
Closing balance as at 30 June 2023 698    3,999    4,697 
Opening balance as at 01 July 2022 905    2,275    3,180 


5.

Director’s loan

Directors Loan

A short term loan of £20,000 was made to one of the directors.  This carried interest at an average rate of 2.1% and was repaid before the year end.  
3