Company registration number 00514916 (England and Wales)
VAUGHAN AND BLYTH LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2025
PAGES FOR FILING WITH REGISTRAR
11 De Grey Square
De Grey Road
Colchester
Essex
CO4 5YQ
VAUGHAN AND BLYTH LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Statement of changes in equity
4
Notes to the financial statements
5 - 12
VAUGHAN AND BLYTH LIMITED
COMPANY INFORMATION
- 1 -
Directors
Mr A Pearman
Mr S Vaughan
Mr A Young
Secretary
Mr T J Vaughan
Company number
00514916
Registered office
Donyland Farm
Fingringhoe Road
Colchester
Essex
England
CO5 7JL
Accountants
TC Group
11 De Grey Square
De Grey Road
Colchester
Essex
CO4 5YQ
VAUGHAN AND BLYTH LIMITED
BALANCE SHEET
AS AT
31 MAY 2025
31 May 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
2,500
-
0
Tangible assets
5
555,452
584,557
Investment property
6
880,000
880,000
Investments
7
-
0
345
1,437,952
1,464,902
Current assets
Stocks
1,639,005
963,819
Debtors
8
166,158
177,177
Cash at bank and in hand
167,842
978,363
1,973,005
2,119,359
Creditors: amounts falling due within one year
9
(431,507)
(36,502)
Net current assets
1,541,498
2,082,857
Total assets less current liabilities
2,979,450
3,547,759
Provisions for liabilities
-
0
(96,909)
Net assets
2,979,450
3,450,850
Capital and reserves
Called up share capital
33,000
33,000
Revaluation reserve
10
528,931
528,931
Profit and loss reserves
11
2,417,519
2,888,919
Total equity
2,979,450
3,450,850
VAUGHAN AND BLYTH LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MAY 2025
31 May 2025
- 3 -

For the financial year ended 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 January 2026 and are signed on its behalf by:
Mr A Pearman
Mr S Vaughan
Director
Director
Company registration number 00514916 (England and Wales)
VAUGHAN AND BLYTH LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MAY 2025
- 4 -
Share capital
Revaluation reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 June 2023
33,000
545,193
2,908,964
3,487,157
Year ended 31 May 2024:
Profit
-
-
23,693
23,693
Other comprehensive income:
Tax relating to other comprehensive income
-
(16,262)
-
0
(16,262)
Total comprehensive income
-
(16,262)
23,693
7,431
Dividends
-
-
(60,000)
(60,000)
Transfers
-
-
0
16,262
16,262
Balance at 31 May 2024
33,000
528,931
2,888,919
3,450,850
Year ended 31 May 2025:
Loss and total comprehensive income
-
-
(411,400)
(411,400)
Dividends
-
-
(60,000)
(60,000)
Balance at 31 May 2025
33,000
528,931
2,417,519
2,979,450
VAUGHAN AND BLYTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2025
- 5 -
1
Accounting policies
Company information

Vaughan and Blyth Limited is a private company limited by shares incorporated in England and Wales. The registered office is Donyland Farm, Fingringhoe Road, Colchester, Essex, England, CO5 7JL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents invoiced sales of properties and construction work, excluding value added tax. Turnover is recognised for properties on which contracts have been exchanged, and the value of construction work provided under contracts, to the extent that there is a right to consideration, and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the construction work provided to date.

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 2 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

VAUGHAN AND BLYTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 6 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
30 years
Leasehold land and buildings
period of the lease
Plant and equipment
3 to 5 years
Motor vehicles
5 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.7
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

VAUGHAN AND BLYTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
1
Accounting policies
(Continued)
- 7 -
1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.11
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

VAUGHAN AND BLYTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 8 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

In the opinion of the directors there are no significant judgements or areas of estimation uncertainty.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
6
6
4
Intangible fixed assets
Goodwill
£
Cost
At 1 June 2024
-
0
Additions
5,000
At 31 May 2025
5,000
Amortisation and impairment
At 1 June 2024
-
0
Amortisation charged for the year
2,500
At 31 May 2025
2,500
Carrying amount
At 31 May 2025
2,500
At 31 May 2024
-
0
VAUGHAN AND BLYTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 9 -
5
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 June 2024
518,639
233,871
752,510
Additions
-
0
11,137
11,137
Disposals
-
0
(506)
(506)
At 31 May 2025
518,639
244,502
763,141
Depreciation and impairment
At 1 June 2024
50,681
117,272
167,953
Depreciation charged in the year
7,927
32,315
40,242
Eliminated in respect of disposals
-
0
(506)
(506)
At 31 May 2025
58,608
149,081
207,689
Carrying amount
At 31 May 2025
460,031
95,421
555,452
At 31 May 2024
467,958
116,599
584,557
6
Investment property
2025
£
Fair value
At 1 June 2024 and 31 May 2025
880,000

The investment properties have been valued by the directors at a fair value based on the anticipated open market value.

7
Fixed asset investments
2025
2024
£
£
Shares in group undertakings and participating interests
-
0
345
VAUGHAN AND BLYTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
7
Fixed asset investments
(Continued)
- 10 -
Movements in fixed asset investments
Shares in associates
£
Cost or valuation
At 1 June 2024
345
Disposals
(345)
At 31 May 2025
-
Carrying amount
At 31 May 2025
-
At 31 May 2024
345
8
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
13,865
6,216
Corporation tax recoverable
8,394
-
0
Amounts owed by group undertakings
-
0
38,255
Other debtors
120,045
132,706
142,304
177,177
2025
2024
Amounts falling due after more than one year:
£
£
Deferred tax asset
23,854
-
0
Total debtors
166,158
177,177
VAUGHAN AND BLYTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 11 -
9
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
4,142
12,471
Corporation tax
-
0
9,431
Other taxation and social security
8,886
-
0
Other creditors
418,479
14,600
431,507
36,502

The bank facilities are secured by a fixed and floating charge over the Company's properties.

10
Revaluation reserve
2025
2024
£
£
At the beginning of the year
528,931
545,193
Deferred tax on revaluation of tangible assets
-
(16,262)
At the end of the year
528,931
528,931
11
Profit and loss reserves
2025
2024
£
£
At the beginning of the year
2,888,919
2,908,964
(Loss)/profit for the year
(411,400)
23,693
Dividends declared and paid in the year
(60,000)
(60,000)
Transfer to reserves
-
0
16,262
At the end of the year
2,417,519
2,888,919
VAUGHAN AND BLYTH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2025
- 12 -
12
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
84,000
114,000
13
Directors' transactions

Dividends totalling £15,000 (2024 - £15,000) were paid in the year in respect of shares held by the company's directors.

Description
% Rate
Opening balance
Interest charged
Closing balance
£
£
£
Directors Loan
2.48
67,684
1,678
69,362
67,684
1,678
69,362
2025-05-31 2024-06-01 false false false 11 February 2026 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr A Pearman Mr Malcolm P Blyth Mr S Vaughan Mr A Young Mr Alan Young Mr T J Vaughan 00514916 2024-06-01 2025-05-31 00514916 bus:Director1 2024-06-01 2025-05-31 00514916 bus:Director3 2024-06-01 2025-05-31 00514916 bus:Director4 2024-06-01 2025-05-31 00514916 bus:CompanySecretary1 2024-06-01 2025-05-31 00514916 bus:Director2 2024-06-01 2025-05-31 00514916 bus:Director5 2024-06-01 2025-05-31 00514916 bus:RegisteredOffice 2024-06-01 2025-05-31 00514916 2025-05-31 00514916 2024-05-31 00514916 core:NetGoodwill 2025-05-31 00514916 core:NetGoodwill 2024-05-31 00514916 core:LandBuildings 2025-05-31 00514916 core:OtherPropertyPlantEquipment 2025-05-31 00514916 core:LandBuildings 2024-05-31 00514916 core:OtherPropertyPlantEquipment 2024-05-31 00514916 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 00514916 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 00514916 core:CurrentFinancialInstruments 2025-05-31 00514916 core:CurrentFinancialInstruments 2024-05-31 00514916 core:ShareCapital 2025-05-31 00514916 core:ShareCapital 2024-05-31 00514916 core:RevaluationReserve 2025-05-31 00514916 core:RevaluationReserve 2024-05-31 00514916 core:RetainedEarningsAccumulatedLosses 2025-05-31 00514916 core:RetainedEarningsAccumulatedLosses 2024-05-31 00514916 core:ShareCapital 2023-05-31 00514916 core:RevaluationReserve 2023-05-31 00514916 core:RetainedEarningsAccumulatedLosses 2023-05-31 00514916 core:RevaluationReserve 2024-05-31 00514916 core:RetainedEarningsAccumulatedLosses 2024-05-31 00514916 core:RetainedEarningsAccumulatedLosses 2023-06-01 2024-05-31 00514916 2023-06-01 2024-05-31 00514916 core:RetainedEarningsAccumulatedLosses 2024-06-01 2025-05-31 00514916 core:RevaluationReserve 2023-06-01 2024-05-31 00514916 core:RevenueReservesInvestmentFundsOnly 2023-06-01 2024-05-31 00514916 core:OtherReservesSubtotal 2023-06-01 2024-05-31 00514916 core:Goodwill 2024-06-01 2025-05-31 00514916 core:LandBuildings core:OwnedOrFreeholdAssets 2024-06-01 2025-05-31 00514916 core:LandBuildings core:LongLeaseholdAssets 2024-06-01 2025-05-31 00514916 core:PlantMachinery 2024-06-01 2025-05-31 00514916 core:MotorVehicles 2024-06-01 2025-05-31 00514916 core:NetGoodwill 2024-05-31 00514916 core:NetGoodwill 2024-06-01 2025-05-31 00514916 core:LandBuildings 2024-05-31 00514916 core:OtherPropertyPlantEquipment 2024-05-31 00514916 2024-05-31 00514916 core:LandBuildings 2024-06-01 2025-05-31 00514916 core:OtherPropertyPlantEquipment 2024-06-01 2025-05-31 00514916 core:AfterOneYear 2025-05-31 00514916 core:AfterOneYear 2024-05-31 00514916 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 00514916 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 00514916 bus:FRS102 2024-06-01 2025-05-31 00514916 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 00514916 bus:FullAccounts 2024-06-01 2025-05-31 xbrli:pure xbrli:shares iso4217:GBP