Vaydon Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04439839 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st May 2022

for

Vaydon Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

T W Wilks

SECRETARY:

Mrs M J Wilks

REGISTERED OFFICE:

HFMC Private Client Services Ltd

29 St Johns Lane

London

EC1M 4NA

REGISTERED NUMBER:

04439839 (England and Wales)

ACCOUNTANTS:

HFMC Private Client Services Ltd

29 St John's Lane

London

EC1M 4NA

CURRENT ASSETS

Debtors

4

36,705

38,725

Cash at bank

1,221

1,301

37,926

40,026

CREDITORS

Amounts falling due within one year

5

104,423

105,288

NET CURRENT LIABILITIES

(66,497

)

(65,262

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(66,497

)

(65,262

)

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

(67,497

)

(66,262

)

(66,497

)

(65,262

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 28th February 2023 and were signed by:

T W Wilks - Director

1.	STATUTORY INFORMATION

Vaydon 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.

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/22

31/5/21

£

£

Trade debtors

-

7,200

Amounts owed by group undertakings

36,525

31,525

Other debtors

180

-

36,705

38,725

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/5/22

31/5/21

£

£

Bank loans and overdrafts

18

18

Trade creditors

1,483

3,217

Taxation and social security

-

841

Other creditors

102,922

101,212

104,423

105,288

6.	ULTIMATE CONTROLLING PARTY

The controlling party is T W Wilks.

As at 31/05/2022 Vaydon Ltd owes Mr T Wilks £102,922.48 (2021: Vaydon Ltd owes Mr T Wilks £101,212.48).