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REGISTERED NUMBER: 04241407













Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Vaughan Hart Personal Financial Services
Limited

Vaughan Hart Personal Financial Services
Limited (Registered number: 04241407)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Vaughan Hart Personal Financial Services
Limited

Company Information
for the year ended 31 August 2024







DIRECTORS: V L Hart
C Hart



SECRETARY: V L Hart



REGISTERED OFFICE: 126 Tunstall Road
Sunderland
Tyne & Wear
SR2 9BD



REGISTERED NUMBER: 04241407



ACCOUNTANTS: TTR Barnes
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG



BANKERS: HSBC Bank plc
Unit 49-51
The Bridges Shopping Centre
Sunderland
Tyne and Wear
SR1 3LE

Vaughan Hart Personal Financial Services
Limited (Registered number: 04241407)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8 10
8 10

CURRENT ASSETS
Debtors 6 730 830
Cash at bank 397 274
1,127 1,104
CREDITORS
Amounts falling due within one year 7 33,488 32,404
NET CURRENT LIABILITIES (32,361 ) (31,300 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(32,353

)

(31,290

)

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings (33,353 ) (32,290 )
SHAREHOLDERS' FUNDS (32,353 ) (31,290 )

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

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

Vaughan Hart Personal Financial Services
Limited (Registered number: 04241407)

Statement of Financial Position - continued
31 August 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by:




V L Hart - Director



C Hart - Director


Vaughan Hart Personal Financial Services
Limited (Registered number: 04241407)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Vaughan Hart Personal Financial Services Limited is a private company, limited by shares, registered in England. 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.

The financial statements have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider appropriate.

Turnover
Turnover represents commissions earned on financial services contracts effected up to 28 December 2012 and invoiced fees for work done thereafter.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2001, is being amortised evenly over its estimated useful life of fifteen years.

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 - 25% on reducing balance

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Vaughan Hart Personal Financial Services
Limited (Registered number: 04241407)

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

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 87,801
AMORTISATION
At 1 September 2023
and 31 August 2024 87,801
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2023
and 31 August 2024 3,638
DEPRECIATION
At 1 September 2023 3,628
Charge for year 2
At 31 August 2024 3,630
NET BOOK VALUE
At 31 August 2024 8
At 31 August 2023 10

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 730 830

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 32,735 31,735
Accrued expenses 753 669
33,488 32,404