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REGISTERED NUMBER: 11286438 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th April 2024

for

VAUGHANS TAPAS BAR LTD

VAUGHANS TAPAS BAR LTD (REGISTERED NUMBER: 11286438)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VAUGHANS TAPAS BAR LTD

Company Information
for the Year Ended 30th April 2024







DIRECTORS: K E Williams
Mr N V Williams





REGISTERED OFFICE: 4 Clews Road
Redditch
Worcestershire
B98 7ST





REGISTERED NUMBER: 11286438 (England and Wales)





ACCOUNTANTS: Hayward Wright Ltd
4 Clews Road
Redditch
Worcestershire
B98 7ST

VAUGHANS TAPAS BAR LTD (REGISTERED NUMBER: 11286438)

Balance Sheet
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,412 3,774

CURRENT ASSETS
Debtors 5 169,903 141,192
Cash at bank and in hand 913 2,907
170,816 144,099
CREDITORS
Amounts falling due within one year 6 207,958 191,497
NET CURRENT LIABILITIES (37,142 ) (47,398 )
TOTAL ASSETS LESS CURRENT LIABILITIES (33,730 ) (43,624 )

CREDITORS
Amounts falling due after more than one year 7 31,466 32,582
NET LIABILITIES (65,196 ) (76,206 )

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings (65,198 ) (76,208 )
SHAREHOLDERS' FUNDS (65,196 ) (76,206 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 TAPAS BAR LTD (REGISTERED NUMBER: 11286438)

Balance Sheet - continued
30th 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th January 2025 and were signed on its behalf by:





K E Williams - Director


VAUGHANS TAPAS BAR LTD (REGISTERED NUMBER: 11286438)

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


1. STATUTORY INFORMATION

Vaughans Tapas Bar 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.

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 - 25% on reducing balance
Fixtures and fittings - 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 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 5 (2023 - 4 ) .

VAUGHANS TAPAS BAR LTD (REGISTERED NUMBER: 11286438)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st May 2023 9,149 1,957 11,106
Additions 776 - 776
At 30th April 2024 9,925 1,957 11,882
DEPRECIATION
At 1st May 2023 6,174 1,158 7,332
Charge for year 938 200 1,138
At 30th April 2024 7,112 1,358 8,470
NET BOOK VALUE
At 30th April 2024 2,813 599 3,412
At 30th April 2023 2,975 799 3,774

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 92,698 92,698
Directors' loan accounts 61,958 30,382
Deferred tax asset 14,624 17,230
Prepayments 623 882
169,903 141,192

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 5,400 5,400
Trade creditors 23,921 53,862
Tax 2,274 1,714
Social security and other taxes 7,876 6,988
VAT 81,331 55,158
Other creditors 79,335 68,375
Net wages 7,821 -
207,958 191,497

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 31,466 32,582

VAUGHANS TAPAS BAR LTD (REGISTERED NUMBER: 11286438)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 15,266 10,982

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 5,400 5,400

Amounts falling due between one and two years:
Bank loans - 1-2 years 5,400 5,400

Amounts falling due between two and five years:
Bank loans - 2-5 years 10,800 16,200

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 15,266 10,982

9. DEFERRED TAX
£   
Balance at 1st May 2023 (17,230 )
Provided during year 2,606
Balance at 30th April 2024 (14,624 )

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary A 1 2 2