REGISTERED NUMBER: 03203143 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Vaughan Davies & Co (Accountants)

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D Gardner

D J Preston

SECRETARY:

REGISTERED OFFICE:

The Laurels

Bath Lane

Moira

Swadlincote

Derbyshire

DE12 6BP

REGISTERED NUMBER:

03203143 (England and Wales)

ACCOUNTANTS:

Vaughan Davies & Co (Accountants) Ltd

Unit 1-3, Willow Park

Upton Lane

Stoke Golding

Nuneaton

Warwickshire

CV13 6EU

FIXED ASSETS

Intangible assets

4

337,750

337,750

Tangible assets

5

23,367

30,940

Investments

6

190,950

190,950

552,067

559,640

CURRENT ASSETS

Stocks

10,000

10,000

Debtors

7

81,945

86,680

Cash at bank and in hand

13,780

33,474

105,725

130,154

CREDITORS

Amounts falling due within one year

8

196,114

245,090

NET CURRENT LIABILITIES

(90,389

)

(114,936

)

TOTAL ASSETS LESS CURRENT LIABILITIES

461,678

444,704

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

461,578

444,604

SHAREHOLDERS' FUNDS

461,678

444,704

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 31 July 2026 and were signed on its behalf by:

D J Preston - Director

1.	STATUTORY INFORMATION

Vaughan Davies & Co (Accountants) 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

100% on cost

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 November 2024

and 31 October 2025

337,750

NET BOOK VALUE

At 31 October 2025

337,750

At 31 October 2024

337,750

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2024

and 31 October 2025

16,831

39,112

20,142

76,085

DEPRECIATION

At 1 November 2024

15,225

9,778

20,142

45,145

Charge for year

240

7,333

-

7,573

At 31 October 2025

15,465

17,111

20,142

52,718

NET BOOK VALUE

At 31 October 2025

1,366

22,001

-

23,367

At 31 October 2024

1,606

29,334

-

30,940

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 November 2024

and 31 October 2025

190,950

NET BOOK VALUE

At 31 October 2025

190,950

At 31 October 2024

190,950

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

65,434

70,459

Other debtors

16,511

16,221

81,945

86,680

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

6,167

16,520

Trade creditors

57,054

33,245

Taxation and social security

14,156

26,766

Other creditors

118,737

168,559

196,114

245,090