IRIS Accounts Production v24.3.0.553 03527393 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035273932023-03-31035273932024-03-31035273932023-04-012024-03-31035273932022-03-31035273932022-04-012023-03-31035273932023-03-3103527393ns14:PoundSterling2023-04-012024-03-3103527393ns10:Director12023-04-012024-03-3103527393ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103527393ns10:SmallEntities2023-04-012024-03-3103527393ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103527393ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103527393ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103527393ns10:FullAccounts2023-04-012024-03-3103527393ns10:Director22023-04-012024-03-3103527393ns10:Director32023-04-012024-03-3103527393ns10:RegisteredOffice2023-04-012024-03-3103527393ns5:CurrentFinancialInstruments2024-03-3103527393ns5:CurrentFinancialInstruments2023-03-3103527393ns5:ShareCapital2024-03-3103527393ns5:ShareCapital2023-03-3103527393ns5:RetainedEarningsAccumulatedLosses2024-03-3103527393ns5:RetainedEarningsAccumulatedLosses2023-03-3103527393ns5:PlantMachinery2023-04-012024-03-3103527393ns5:PlantMachinery2023-03-3103527393ns5:PlantMachinery2024-03-3103527393ns5:PlantMachinery2023-03-3103527393ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3103527393ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3103527393ns5:DeferredTaxation2023-03-3103527393ns5:DeferredTaxation2023-04-012024-03-3103527393ns5:DeferredTaxation2024-03-31
REGISTERED NUMBER: 03527393















Financial Statements for the Year Ended 31st March 2024

for

Vaughans of Maidstone Limited

Vaughans of Maidstone Limited (Registered number: 03527393)

Contents of the Financial Statements
for the year ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vaughans of Maidstone Limited

Company Information
for the year ended 31st March 2024







DIRECTORS: I Hancock
J Hancock
R Hancock





REGISTERED OFFICE: 1-3 Manor Road
Chatham
Kent
ME4 6AE





REGISTERED NUMBER: 03527393





ACCOUNTANTS: Beak Kemmenoe
Chartered Accountants
1-3 Manor Road
Chatham
Kent
ME4 6AE

Vaughans of Maidstone Limited (Registered number: 03527393)

Balance Sheet
31st March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,071 30,911

CURRENT ASSETS
Stocks 84,010 105,476
Debtors 5 30,337 29,558
Cash at bank 30,265 41,815
144,612 176,849
CREDITORS
Amounts falling due within one year 6 59,499 93,207
NET CURRENT ASSETS 85,113 83,642
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,184

114,553

PROVISIONS FOR LIABILITIES 7 4,844 5,873
NET ASSETS 103,340 108,680

CAPITAL AND RESERVES
Called up share capital 130 130
Retained earnings 103,210 108,550
103,340 108,680

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

Vaughans of Maidstone Limited (Registered number: 03527393)

Balance Sheet - continued
31st March 2024


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 28th October 2024 and were signed on its behalf by:





I Hancock - Director


Vaughans of Maidstone Limited (Registered number: 03527393)

Notes to the Financial Statements
for the year ended 31st March 2024


1. STATUTORY INFORMATION

Vaughans of Maidstone Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

Vaughans of Maidstone Limited (Registered number: 03527393)

Notes to the Financial Statements - continued
for the year ended 31st March 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 99,596
DEPRECIATION
At 1st April 2023 68,685
Charge for year 7,840
At 31st March 2024 76,525
NET BOOK VALUE
At 31st March 2024 23,071
At 31st March 2023 30,911

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,523 7,407
Other debtors 23,814 22,151
30,337 29,558

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 5,815 14,705
Trade creditors 4,353 28,289
Taxation and social security 22,660 20,042
Other creditors 26,671 30,171
59,499 93,207

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,844 5,873

Deferred
tax
£   
Balance at 1st April 2023 5,873
Credit to Income Statement during year (1,029 )
Balance at 31st March 2024 4,844