IRIS Accounts Production v25.3.0.601 02604976 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false Ordinary Shares 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 02604976 2024-03-31 02604976 2025-03-31 02604976 2024-04-01 2025-03-31 02604976 2023-03-31 02604976 2023-04-01 2024-03-31 02604976 2024-03-31 02604976 ns15:EnglandWales 2024-04-01 2025-03-31 02604976 ns14:PoundSterling 2024-04-01 2025-03-31 02604976 ns10:Director1 2024-04-01 2025-03-31 02604976 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 02604976 ns10:SmallEntities 2024-04-01 2025-03-31 02604976 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 02604976 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 02604976 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 02604976 ns10:FullAccounts 2024-04-01 2025-03-31 02604976 ns10:OrdinaryShareClass1 2024-04-01 2025-03-31 02604976 ns10:Director2 2024-04-01 2025-03-31 02604976 ns10:CompanySecretary1 2024-04-01 2025-03-31 02604976 ns10:RegisteredOffice 2024-04-01 2025-03-31 02604976 ns5:CurrentFinancialInstruments 2025-03-31 02604976 ns5:CurrentFinancialInstruments 2024-03-31 02604976 ns5:ShareCapital 2025-03-31 02604976 ns5:ShareCapital 2024-03-31 02604976 ns5:CapitalRedemptionReserve 2025-03-31 02604976 ns5:CapitalRedemptionReserve 2024-03-31 02604976 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 02604976 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 02604976 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-03-31 02604976 ns5:PlantMachinery 2024-03-31 02604976 ns5:FurnitureFittings 2024-03-31 02604976 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-04-01 2025-03-31 02604976 ns5:PlantMachinery 2024-04-01 2025-03-31 02604976 ns5:FurnitureFittings 2024-04-01 2025-03-31 02604976 ns5:LandBuildings ns5:ShortLeaseholdAssets 2025-03-31 02604976 ns5:PlantMachinery 2025-03-31 02604976 ns5:FurnitureFittings 2025-03-31 02604976 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-03-31 02604976 ns5:PlantMachinery 2024-03-31 02604976 ns5:FurnitureFittings 2024-03-31 02604976 ns5:MotorVehicles 2024-03-31 02604976 ns5:ComputerEquipment 2024-03-31 02604976 ns5:MotorVehicles 2024-04-01 2025-03-31 02604976 ns5:ComputerEquipment 2024-04-01 2025-03-31 02604976 ns5:MotorVehicles 2025-03-31 02604976 ns5:ComputerEquipment 2025-03-31 02604976 ns5:MotorVehicles 2024-03-31 02604976 ns5:ComputerEquipment 2024-03-31 02604976 ns5:UnlistedNon-exchangeTraded ns5:CostValuation 2024-03-31 02604976 ns5:UnlistedNon-exchangeTraded 2025-03-31 02604976 ns5:UnlistedNon-exchangeTraded 2024-03-31 02604976 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 02604976 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 02604976 ns5:AcceleratedTaxDepreciationDeferredTax 2025-03-31 02604976 ns5:AcceleratedTaxDepreciationDeferredTax 2024-03-31 02604976 ns5:DeferredTaxation 2024-03-31 02604976 ns5:DeferredTaxation 2024-04-01 2025-03-31 02604976 ns5:DeferredTaxation 2025-03-31 02604976 ns10:OrdinaryShareClass1 2025-03-31

REGISTERED NUMBER: 02604976 (England and Wales)

| Unaudited Financial Statements |

| for the Year Ended 31 March 2025 |

| for |

| A.E.Vaughan & Co Limited |

| A.E.Vaughan & Co Limited (Registered number: 02604976) |

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 3 |

| A.E.Vaughan & Co Limited |

Company Information

for the Year Ended 31 March 2025

| DIRECTORS: | R E Gillman

| Mrs M Y Gillman

| SECRETARY: | Mrs L A Heath

| REGISTERED OFFICE: | 197 Blackshaw Road

| Tooting

| London

| WC1N 3GS

| REGISTERED NUMBER: | 02604976 (England and Wales)

| A.E.Vaughan & Co Limited (Registered number: 02604976) |

Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 31,448 |  | 46,887 |  |

Investments | 5 | - |  | 186 |  |

31,448 |  | 47,073 |  |

CURRENT ASSETS

Stocks | 6 | 79,690 |  | 67,863 |  |

Debtors | 7 | 123,541 |  | 154,842 |  |

Cash at bank | 62,403 |  | 105,579 |  |

265,634 |  | 328,284 |  |

CREDITORS

Amounts falling due within one year | 8 | 313,970 |  | 300,287 |  |

NET CURRENT (LIABILITIES)/ASSETS | (48,336 | ) | 27,997 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | (16,888 | ) | 75,070 |  |

PROVISIONS FOR LIABILITIES | 9 | 6,350 |  | 8,518 |  |

NET (LIABILITIES)/ASSETS | (23,238 | ) | 66,552 |  |

CAPITAL AND RESERVES

Called up share capital | 10 | 250 |  | 250 |  |

Capital redemption reserve | 11 | 250 |  | 250 |  |

Retained earnings | 11 | (23,738 | ) | 66,052 |  |

SHAREHOLDERS' FUNDS | (23,238 | ) | 66,552 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 3 November 2025 and were signed on its behalf by:

R E Gillman - Director

| A.E.Vaughan & Co Limited (Registered number: 02604976) |

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| A.E.Vaughan & Co Limited 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

| The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

| The preparation of financial statements in compliance with FRS 102 requires the use of certain

| critical accounting estimates. It also requires management to exercise judgment in applying the

| Company's accounting policies.

| Revenue

| Revenue is recognised to the extent that it is probable that the economic benefits will flow to the

| Company and the revenue can be reliably measured. Revenue is measured as the fair value of the

| consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

| Sale of goods

| Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

| - |  | the Company has transferred the significant risks and rewards of ownership to the buyer; |  |

| - |  | the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; |  |

| - |  | the amount of revenue can be measured reliably; |  |

| - |  | it is probable that the Company will receive the consideration due under the transaction; and |

| - |  | the costs incurred or to be incurred in respect of the transaction can be measured reliably. |

| Rendering of services

| Revenue from a contract to provide services is recognised in the period in which the services are

| provided in accordance with the stage of completion of the contract when all of the following

| conditions are satisfied:

| - |  | The amount of turnover can be measured reliably; |  |

| - |  | It is probable that the Company will receive the consideration due under the contract; |  |

| - |  | The stage of completion of the contract at the end of the reporting period can be measured reliably; and |  |

| - |  | The costs incurred and the costs to complete the contract can be measured reliably. |  |

| A.E.Vaughan & Co Limited (Registered number: 02604976) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Tangible fixed assets

| Tangible fixed assets under the cost model are stated at historical cost less accumulated

| depreciation and any accumulated impairment losses. Historical cost includes expenditure that is

| directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

| At each reporting date the Company assesses whether there is any indication of impairment. If such

| indication exists, the recoverable amount of the asset is determined which is the higher of its fair

| value less costs to sell and its value in use. An impairment loss is recognised where the carrying

| amount exceeds the recoverable amount.

| Depreciation is charged so as to allocate the cost of assets less their residual value over their

| estimated useful lives, using the depreciation methods stated below.

| Depreciation is provided on the following basis:

| Property Improvement - 20% straight line basis

| Plant and machinery - 25% reducing balance basis

| Motor vehicles - 25% reducing balance basis

| Fixtures and fittings - 25% reducing balance basis

| Computer equipment - 33.3% straight line basis

| The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted

| prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

| Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

| Stocks

| Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

| A.E.Vaughan & Co Limited (Registered number: 02604976) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The Company has elected to apply the provisions of Section 11 "Basic Financial Instruments" of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

| Financial assets and liabilities are offset, with the net amounts presented in the financial statements,

| when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

| Basic financial assets

| Basic financial assets, which include trade and other debtors, cash and bank balances, are initially

| measured at their transaction price (adjusted for transaction costs except in the initial measurement

| of financial assets that are subsequently measured at fair value through profit and loss) and are

| subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is

| measured at the present value of the future receipts discounted at a market rate of interest.

| Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash

| equivalents, trade and most other debtors due with the operating cycle fall into this category of

| financial instruments.

| Impairment of financial assets

| At the end of each reporting period financial assets measured at amortised cost are assessed for

| objective evidence of impairment. If an asset is impaired the impairment loss is the difference

| between the carrying amount and the present value of the estimated cash flows discounted at the

| asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

| Financial assets are impaired when events, subsequent to their initial recognition, indicate the

| estimated future cash flows derived from the financial asset(s) have been adversely impacted. The

| impairment loss will be the difference between the current carrying amount and the present value of

| the future cash flows at the asset(s) original effective interest rate.

| If there is a favourable change in relation to the events surrounding the impairment loss then the

| impairment can be reviewed for possible reversal. The reversal will not cause the current carrying

| amount to exceed the original carrying amount had the impairment not been recognised. The

| impairment reversal is recognised in the profit or loss.

| Financial liabilities

| Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

| Basic financial liabilities, which include trade and other creditors, bank loans and other loans are

| initially measured at their transaction price (adjusting for transaction costs except in the initial

| measurement of financial liabilities that are subsequently measured at fair value through profit and

| loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the

| present value of the future payments discounted at a market rate of interest, discounting is omitted

| where the effect of discounting is immaterial.

| Debt instruments are subsequently carried at their amortised cost using the effective interest rate

| method.

| Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

| A.E.Vaughan & Co Limited (Registered number: 02604976) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Current and deferred taxation

| The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss

| except that a charge attributable to an item of income and expense recognised as other

| comprehensive income or to an item recognised directly in equity is also recognised in other

| comprehensive income or directly in equity respectively.

| The current income tax charge is calculated on the basis of tax rates and laws that have been

| enacted or substantively enacted by the balance sheet date in the countries where the Company

| operates and generates income.

| Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

| - The recognition of deferred tax assets is limited to the extent that it is probable that they will be

| recovered against the reversal of deferred tax liabilities or other future taxable profits; and

| - Any deferred tax balances are reversed if and when all conditions for retaining associated tax

| allowances have been met.

| Deferred tax balances are not recognised in respect of permanent differences except in respect of

| business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| Debtors

| Short-term debtors are measured at transaction price, less any impairment. Loans receivable are

| measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

| Cash at bank

| Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

| Creditors

| Short-term creditors are measured at the transaction price. Other financial liabilities, including bank

| loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 7 (2024 - 6 ) .

| A.E.Vaughan & Co Limited (Registered number: 02604976) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures

| Short |  | Plant and |  | and

| leasehold |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 April 2024

| and 31 March 2025 | 31,967 |  | 41,358 |  | 38,818 |  |

| DEPRECIATION

| At 1 April 2024 | 21,215 |  | 33,532 |  | 22,106 |  |

| Charge for year | 6,393 |  | 1,967 |  | 4,180 |  |

| At 31 March 2025 | 27,608 |  | 35,499 |  | 26,286 |  |

| NET BOOK VALUE

| At 31 March 2025 | 4,359 |  | 5,859 |  | 12,532 |  |

| At 31 March 2024 | 10,752 |  | 7,826 |  | 16,712 |  |

| Motor |  | Computer |

| vehicles |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 April 2024

| and 31 March 2025 | 18,833 |  | 5,135 |  | 136,111 |  |

| DEPRECIATION

| At 1 April 2024 | 7,236 |  | 5,135 |  | 89,224 |  |

| Charge for year | 2,899 |  | - |  | 15,439 |  |

| At 31 March 2025 | 10,135 |  | 5,135 |  | 104,663 |  |

| NET BOOK VALUE

| At 31 March 2025 | 8,698 |  | - |  | 31,448 |  |

| At 31 March 2024 | 11,597 |  | - |  | 46,887 |  |

5. | FIXED ASSET INVESTMENTS

| Unlisted

| investments

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 186 |  |

| PROVISIONS

| Provision for year | 186 |  |

| At 31 March 2025 | 186 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  |

| At 31 March 2024 | 186 |  |

| Investments held as fixed assets are shown at cost less a provision for impairment where necessary.

| A.E.Vaughan & Co Limited (Registered number: 02604976) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

6. | STOCKS

2025 | 2024 |

£ | £ |

| Stocks | 52,614 |  | 56,798 |  |

| Work-in-progress | 27,076 |  | 11,065 |  |

79,690 |  | 67,863 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 46,473 |  | 117,071 |  |

| Amounts owed by group undertakings | - |  | 6,646 |  |

| Other debtors | 244 |  | - |  |

| VAT | 48,253 |  | - |  |

| Prepayments and accrued income | 28,571 |  | 31,125 |  |

123,541 |  | 154,842 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 19,233 |  | 12,138 |  |

| Amounts owed to group undertakings | 98,784 |  | 37,633 |  |

| Corporation tax | - |  | 4,825 |  |

| Social security and other taxes | 12,530 |  | 16,370 |  |

| VAT | - |  | 43,174 |  |

| Other creditors | 174,996 |  | 172,266 |  |

| Accruals and deferred income | 8,427 |  | 13,881 |  |

313,970 |  | 300,287 |  |

9. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax

| Accelerated capital allowances | 6,350 |  | 8,518 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 8,518 |  |

| Credit to Income Statement during year | (2,168 | ) |

| Balance at 31 March 2025 | 6,350 |  |

| Provisions are recognised when an event has taken place that gives rise to a legal or constructive

| obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

| Provisions are measured as the best estimate of the amount required to settle the obligation, taking

| into account the related risks and uncertainties.

| Increases in provisions are generally charged as an expense to profit or loss.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 250 | Ordinary Shares | 1 | 250 |  | 250 |  |

| A.E.Vaughan & Co Limited (Registered number: 02604976) |

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

11. | RESERVES

| Capital redemption reserve

| The capital redemption reserve is a non-distributable reserve and represents paid up share capital.

| Profit and loss account

| This reserve records the retained earnings of the company as at the balance sheet date.

12. | PENSION COMMITMENTS

| The Company operates a defined contribution plan for its employees. A defined contribution plan is a

| pension plan under which the Company pays fixed contributions into a separate entity. Once the

| contributions have been paid the Company has no further payment obligations.

| The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid

| are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately

| from the Company in independently administered funds.

13. | ULTIMATE CONTROLLING PARTY

| The company is a wholly owned subsidiary company of Oliver Garratt Ltd.