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REGISTERED NUMBER: 03203143 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Vaughan Davies & Co (Accountants)
Limited

Vaughan Davies & Co (Accountants)
Limited (Registered number: 03203143)

Contents of the Financial Statements
for the Year Ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vaughan Davies & Co (Accountants)
Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mrs D Gardner
D J Preston





SECRETARY:





REGISTERED OFFICE: The Laurels
Bath Lane
Moira
Swadlincote
Derbyshire
DE12 6BP





REGISTERED NUMBER: 03203143 (England and Wales)





ACCOUNTANTS: Vaughan Davies & Co (Accountants) Ltd
Unit 1-3, Willow Park
Upton Lane
Stoke Golding
Nuneaton
Warwickshire
CV13 6EU

Vaughan Davies & Co (Accountants)
Limited (Registered number: 03203143)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 337,750 337,750
Tangible assets 5 40,004 1,049
Investments 6 190,950 190,950
568,704 529,749

CURRENT ASSETS
Stocks 10,000 10,000
Debtors 7 105,278 85,428
Cash at bank and in hand 40,574 17,460
155,852 112,888
CREDITORS
Amounts falling due within one year 8 305,986 275,535
NET CURRENT LIABILITIES (150,134 ) (162,647 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

418,570

367,102

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 418,470 367,002
SHAREHOLDERS' FUNDS 418,570 367,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

Vaughan Davies & Co (Accountants)
Limited (Registered number: 03203143)

Balance Sheet - continued
31 October 2023


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 31 July 2024 and were signed on its behalf by:





D J Preston - Director


Vaughan Davies & Co (Accountants)
Limited (Registered number: 03203143)

Notes to the Financial Statements
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

Vaughan Davies & Co (Accountants) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 100% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Vaughan Davies & Co (Accountants)
Limited (Registered number: 03203143)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 5 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 337,750
NET BOOK VALUE
At 31 October 2023 337,750
At 31 October 2022 337,750

Vaughan Davies & Co (Accountants)
Limited (Registered number: 03203143)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 November 2022 15,834 - 20,142 35,976
Additions - 39,112 - 39,112
At 31 October 2023 15,834 39,112 20,142 75,088
DEPRECIATION
At 1 November 2022 14,785 - 20,142 34,927
Charge for year 157 - - 157
At 31 October 2023 14,942 - 20,142 35,084
NET BOOK VALUE
At 31 October 2023 892 39,112 - 40,004
At 31 October 2022 1,049 - - 1,049

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022
and 31 October 2023 190,950
NET BOOK VALUE
At 31 October 2023 190,950
At 31 October 2022 190,950

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 104,633 84,783
Other debtors 645 645
105,278 85,428

Vaughan Davies & Co (Accountants)
Limited (Registered number: 03203143)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 26,617 46,956
Trade creditors 17,167 27,805
Taxation and social security 30,192 21,966
Other creditors 232,010 178,808
305,986 275,535