REGISTERED NUMBER: 00674069 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

VAUGHAN TRANSPORT SYSTEMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

N E Kidby

D N Kidby

SECRETARY:

N E Kidby

REGISTERED OFFICE:

David Davies Road

Port of Barry

Barry

Vale of Glamorgan

CF63 4AB

REGISTERED NUMBER:

00674069 (England and Wales)

SENIOR STATUTORY AUDITOR:

Stephen Cox

AUDITORS:

Hayvenhursts Limited

Chartered Accountants & Statutory Auditor

Fairway House

Links Business Park

St Mellons

Cardiff

CF3 0LT

FIXED ASSETS

Tangible assets

4

123,006

189,946

CURRENT ASSETS

Stocks

1,500

1,500

Debtors

5

678,714

405,966

Cash at bank and in hand

1,276,782

1,317,569

1,956,996

1,725,035

CREDITORS

Amounts falling due within one year

6

488,742

398,298

NET CURRENT ASSETS

1,468,254

1,326,737

TOTAL ASSETS LESS CURRENT LIABILITIES

1,591,260

1,516,683

CREDITORS

Amounts falling due after more than one year

7

(757,152

)

(989,324

)

PROVISIONS FOR LIABILITIES

(25,087

)

(37,829

)

NET ASSETS

809,021

489,530

CAPITAL AND RESERVES

Called up share capital

12,000

12,000

Retained earnings

797,021

477,530

SHAREHOLDERS' FUNDS

809,021

489,530

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 22 December 2025 and were signed on its behalf by:

N E Kidby - Director

1.	STATUTORY INFORMATION

Vaughan Transport Systems 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.

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

Motor vehicles

-

33% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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 12 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

59,211

1,013,136

2,062

1,074,409

Disposals

-

(26,000

)

-

(26,000

)

At 31 March 2025

59,211

987,136

2,062

1,048,409

DEPRECIATION

At 1 April 2024

58,782

825,034

647

884,463

Charge for year

107

59,780

101

59,988

Eliminated on disposal

-

(19,048

)

-

(19,048

)

At 31 March 2025

58,889

865,766

748

925,403

NET BOOK VALUE

At 31 March 2025

322

121,370

1,314

123,006

At 31 March 2024

429

188,102

1,415

189,946

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

289,038

242,156

Other debtors

90,000

90,000

Due from parent undertaking

225,866

-

Due from related company

73,810

73,810

678,714

405,966

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

24,550

60,791

Tax

119,239

-

Social security and other taxes

24,953

18,707

Accrued expenses

320,000

318,800

488,742

398,298

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

757,152

757,152

Owed to group undertakings

-

232,172

757,152

989,324

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Stephen Cox (Senior Statutory Auditor)

for and on behalf of Hayvenhursts Limited

9.	RELATED PARTY DISCLOSURES

Vaughan Transport Systems Limited, a wholly owned subsidiary of S & K Haulage (Glamorgan) Limited has taken advantage of the exemption available under Financial Reporting Standard No. 8 not to disclose related party transactions with entities that are part of the group, as 90% of its voting rights are controlled within the group.

As at 31st March 2025 the company was owed £10,462 (2024 - £10,462) from Barry Storage & Distribution which is a related party by virtue of common control.

As at 31st March 2025 the company was owed £73,810 (2024 - £73,810) from Barry Storage & Distribution Limited which is a related party by virtue of common directorship.

As at 31st March 2025 the company owed the directors £757,152 (2024 - £757,152). The balance is interest free and unsecured.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is N E Kidby.