1 June 2023 false No description of principal activity Taxfiler 2024.6 11340780business:PrivateLimitedCompanyLtd2023-06-012024-05-31 113407802023-05-31 113407802023-06-012024-05-31 11340780business:AuditExemptWithAccountantsReport2023-06-012024-05-31 11340780business:FilletedAccounts2023-06-012024-05-31 113407802024-05-31 113407802023-05-31 11340780core:WithinOneYear2024-05-31 11340780core:WithinOneYear2023-05-31 11340780core:AfterOneYear2024-05-31 11340780core:AfterOneYear2023-05-31 11340780core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 11340780core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 11340780core:PreviouslyStatedAmount2024-05-31 11340780core:PreviouslyStatedAmount2023-05-31 11340780business:SmallEntities2023-06-012024-05-31 11340780business:Director12023-06-012024-05-31 11340780countries:EnglandWales2023-06-012024-05-31 11340780business:RegisteredOffice2023-06-012024-05-31 11340780core:PlantMachinery2023-06-012024-05-31 11340780core:MotorVehicles2023-06-012024-05-31 11340780core:FurnitureFittings2023-06-012024-05-31 11340780core:ComputerEquipment2023-06-012024-05-31 11340780core:PlantMachinery2023-05-31 11340780core:MotorVehicles2023-05-31 11340780core:FurnitureFittings2023-05-31 11340780core:ComputerEquipment2023-05-31 11340780core:PlantMachinery2024-05-31 11340780core:MotorVehicles2024-05-31 11340780core:FurnitureFittings2024-05-31 11340780core:ComputerEquipment2024-05-31 113407802022-06-012023-05-31 iso4217:GBP xbrli:pure
Sonny Vaughan Electrical Ltd. Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,932 
5,636 
Current assets
Inventories
(60,500)
(7,500)
Debtors
49,656 
91,724 
Cash at bank and in hand
120,840 
30,198 
109,996 
114,422 
Creditors: amounts falling due within one year
(44,179)
(64,948)
Net current assets
65,817 
49,474 
Total assets less current liabilities
83,749 
55,110 
Creditors: amounts falling due after more than one year
(16,865)
(2,572)
Net assets
66,884 
52,538 
Capital and reserves
Profit and loss account
66,884 
52,538 
Shareholders' funds
66,884 
52,538 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 September 2024 and were signed on its behalf by
Sonny Vaughan Director Company Registration No. 11340780
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Sonny Vaughan Electrical Ltd. Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Sonny Vaughan Electrical Ltd. is a private company, limited by shares, registered in England and Wales, registration number 11340780. The registered office is 2A George Street, Aberystwyth, Cereidgion, SY23 1QG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 31 May 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 2022. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18%
Motor vehicles
18%
Fixtures & fittings
18%
Computer equipment
18%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 June 2023
5,993 
8,995 
24,736 
- 
39,724 
Additions
- 
16,233 
- 
315 
16,548 
At 31 May 2024
5,993 
25,228 
24,736 
315 
56,272 
Depreciation
At 1 June 2023
4,943 
4,779 
24,366 
- 
34,088 
Charge for the year
189 
3,681 
67 
315 
4,252 
At 31 May 2024
5,132 
8,460 
24,433 
315 
38,340 
Net book value
At 31 May 2024
861 
16,768 
303 
- 
17,932 
At 31 May 2023
1,050 
4,216 
370 
- 
5,636 
- 2 -
Sonny Vaughan Electrical Ltd. Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
43,226 
77,253 
Other debtors
6,430 
14,471 
49,656 
91,724 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
14,780 
- 
Trade creditors
7,586 
54,430 
Taxes and social security
8,765 
2,018 
Proposed dividends
- 
2,000 
Other creditors
6,865 
- 
Loans from directors
(712)
- 
Accruals
6,895 
6,500 
44,179 
64,948 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Trade creditors
6,500 
- 
Taxes and social security
10,365 
2,572 
16,865 
2,572 
8
Average number of employees
During the year the average number of employees was 8 (2023: 5).
- 3 -