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REGISTERED NUMBER: 06114381 (England and Wales)










Unaudited Financial Statements

for the Year Ended 30 April 2024

for

D. VAUGHAN ELECTRICAL ENGINEERING LTD

D. VAUGHAN ELECTRICAL ENGINEERING LTD (REGISTERED NUMBER: 06114381)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


D. VAUGHAN ELECTRICAL ENGINEERING LTD

Company Information
for the Year Ended 30 April 2024







DIRECTOR: D Vaughan





SECRETARY: Mrs G Vaughan





REGISTERED OFFICE: 35 Church Road
Hayling Island
Hampshire
PO11 0NN





REGISTERED NUMBER: 06114381 (England and Wales)





ACCOUNTANTS: Adams Beeny Limited
4 Sudley Road
Bognor Regis
West Sussex
PO21 1EU

D. VAUGHAN ELECTRICAL ENGINEERING LTD (REGISTERED NUMBER: 06114381)

Statement of Financial Position
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,551 22,631

CURRENT ASSETS
Debtors 5 37,508 36,250
Cash at bank 74,320 124,386
111,828 160,636
CREDITORS
Amounts falling due within one year 6 8,384 57,919
NET CURRENT ASSETS 103,444 102,717
TOTAL ASSETS LESS CURRENT
LIABILITIES

175,995

125,348

CREDITORS
Amounts falling due after more than one
year

7

(29,039

)

-

PROVISIONS FOR LIABILITIES 8 (13,785 ) (4,300 )
NET ASSETS 133,171 121,048

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 133,169 121,046
SHAREHOLDERS' FUNDS 133,171 121,048

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

D. VAUGHAN ELECTRICAL ENGINEERING LTD (REGISTERED NUMBER: 06114381)

Statement of Financial Position - continued
30 April 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 January 2025 and were signed by:





D Vaughan - Director


D. VAUGHAN ELECTRICAL ENGINEERING LTD (REGISTERED NUMBER: 06114381)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

D. Vaughan Electrical Engineering Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
Turnover
Turnover is measured at the rate of the invoiced amount of electrical engineering services, net of VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

D. VAUGHAN ELECTRICAL ENGINEERING LTD (REGISTERED NUMBER: 06114381)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 64,674 4,114 25,467 94,255
Additions 73,516 166 423 74,105
At 30 April 2024 138,190 4,280 25,890 168,360
DEPRECIATION
At 1 May 2023 48,780 1,324 21,520 71,624
Charge for year 22,353 739 1,093 24,185
At 30 April 2024 71,133 2,063 22,613 95,809
NET BOOK VALUE
At 30 April 2024 67,057 2,217 3,277 72,551
At 30 April 2023 15,894 2,790 3,947 22,631

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
Additions 69,117
At 30 April 2024 69,117
DEPRECIATION
Charge for year 17,279
At 30 April 2024 17,279
NET BOOK VALUE
At 30 April 2024 51,838

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 18,180 33,000
Other debtors 19,328 3,250
37,508 36,250

D. VAUGHAN ELECTRICAL ENGINEERING LTD (REGISTERED NUMBER: 06114381)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 2,851 -
Trade creditors 75 515
Taxation and social security 1,595 39,171
Other creditors 3,863 18,233
8,384 57,919

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Hire purchase contracts 29,039 -

8. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax
Accelerated capital allowances 13,785 4,300

Deferred
tax
£   
Balance at 1 May 2023 4,300
Accelerated capital allowances 9,485
Balance at 30 April 2024 13,785

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Retained
earnings
£   

At 1 May 2023 121,046
Profit for the year 42,123
Dividends (30,000 )
At 30 April 2024 133,169

D. VAUGHAN ELECTRICAL ENGINEERING LTD (REGISTERED NUMBER: 06114381)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
D Vaughan
Balance outstanding at start of year (17,683 ) (30,671 )
Amounts advanced 45,059 46,465
Amounts repaid (30,799 ) (33,477 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,423 ) (17,683 )

The loan with the director is interest free and repayable on demand.

12. RELATED PARTY DISCLOSURES

Included in turnover is an amount of £ 112,000 ( 2023 £ 171.100) net of VAT which was invoiced to IPM Solutions Ltd, a company under common control. This was invoiced at an open market value. At the year end £ 18,180 ( 2023 £ 33,000) was outstanding from IPM Solutions Ltd and this has been fully paid since the year end.

13. ULTIMATE CONTROLLING PARTY

The controlling party is D Vaughan.