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REGISTERED NUMBER: 12613338 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

R & D Vaughan Ltd

R & D Vaughan Ltd (Registered number: 12613338)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


R & D Vaughan Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: R A C Vaughan
Mrs D Vaughan





REGISTERED OFFICE: 55 Upton Close
Barnwood
Gloucester
Gloucestershire
GL4 3EX





REGISTERED NUMBER: 12613338 (England and Wales)





ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS

R & D Vaughan Ltd (Registered number: 12613338)

Statement of Financial Position
31 May 2024

31/5/24 31/5/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 276 822

CURRENT ASSETS
Debtors 5 6,722 5,664

CREDITORS
Amounts falling due within one year 6 6,866 5,930
NET CURRENT LIABILITIES (144 ) (266 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

132

556

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 32 456
SHAREHOLDERS' FUNDS 132 556

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

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

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 16 January 2025 and were signed on its behalf by:





R A C Vaughan - Director


R & D Vaughan Ltd (Registered number: 12613338)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

R & D Vaughan 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.
Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

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.

Going concern
Despite net current liabilities of £144 at 31 May 2024 (2023 - £266), the accounts have been prepared on a going concern basis. The directors have reviewed future cashflows and expressed their willingness to financially support the company for the foreseeable future and therefore consider it appropriate to prepare the financial statements on a going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

R & D Vaughan Ltd (Registered number: 12613338)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 June 2023
and 31 May 2024 400 2,737 3,137
Depreciation
At 1 June 2023 367 1,948 2,315
Charge for year 33 513 546
At 31 May 2024 400 2,461 2,861
Net book value
At 31 May 2024 - 276 276
At 31 May 2023 33 789 822

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade debtors - 2,875
Other debtors 6,722 2,789
6,722 5,664

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/24 31/5/23
£    £   
Trade creditors 95 69
Taxation and social security 5,787 4,901
Other creditors 984 960
6,866 5,930

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31/5/24 31/5/23
£    £   
R A C Vaughan
Balance outstanding at start of year 2,788 1,709
Amounts advanced 50,682 64,110
Amounts repaid (46,748 ) (63,031 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,722 2,788

The above unsecured loan was interest free and has been repaid in full after the year end date.