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REGISTERED NUMBER: 01813785









Unaudited Financial Statements

For The Period

1 September 2020 to 28 February 2022

for

Vinyline Limited

Vinyline Limited (Registered number: 01813785)






Contents of the Financial Statements
For The Period 1 September 2020 to 28 February 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vinyline Limited

Company Information
For The Period 1 September 2020 to 28 February 2022







DIRECTORS: K Hughes
K Hughes





SECRETARY: K Hughes





REGISTERED OFFICE: Unit 4b
Delph Court
Sullivan Way
St Helens
Merseyside
WA9 5GL





REGISTERED NUMBER: 01813785





ACCOUNTANTS: Elaine Horsley & Co
Ivy House
687 Ormskirk Road
Pemberton
Wigan
Lancashire
WN5 8AQ

Vinyline Limited (Registered number: 01813785)

Balance Sheet
28 February 2022

28.2.22 31.8.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 355,515 231,311

CURRENT ASSETS
Stocks 5 16,750 16,964
Debtors 6 412,082 407,861
Cash at bank and in hand 82,135 114,358
510,967 539,183
CREDITORS
Amounts falling due within one year 7 630,861 604,439
NET CURRENT LIABILITIES (119,894 ) (65,256 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

235,621

166,055

CREDITORS
Amounts falling due after more than one
year

8

(168,108

)

(73,640

)

PROVISIONS FOR LIABILITIES 9 (57,813 ) (32,121 )
NET ASSETS 9,700 60,294

CAPITAL AND RESERVES
Called up share capital 10 50 50
Other reserves 11 (124,950 ) (124,950 )
Retained earnings 11 134,600 185,194
SHAREHOLDERS' FUNDS 9,700 60,294

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2022 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.

Vinyline Limited (Registered number: 01813785)

Balance Sheet - continued
28 February 2022


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 19 August 2022 and were signed on its behalf by:





K Hughes - Director


Vinyline Limited (Registered number: 01813785)

Notes to the Financial Statements
For The Period 1 September 2020 to 28 February 2022

1. STATUTORY INFORMATION

Vinyline Limited is a private company, limited by shares , registered in Not specified/Other. 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 - 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 period 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 period 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 period was 24 (2020 - 27 ) .

Vinyline Limited (Registered number: 01813785)

Notes to the Financial Statements - continued
For The Period 1 September 2020 to 28 February 2022

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 September 2020 863,063 124,715 987,778
Additions 312,527 - 312,527
Disposals (346,500 ) - (346,500 )
At 28 February 2022 829,090 124,715 953,805
DEPRECIATION
At 1 September 2020 692,127 64,340 756,467
Charge for period 86,201 20,753 106,954
Eliminated on disposal (265,131 ) - (265,131 )
At 28 February 2022 513,197 85,093 598,290
NET BOOK VALUE
At 28 February 2022 315,893 39,622 355,515
At 31 August 2020 170,936 60,375 231,311

5. STOCKS
28.2.22 31.8.20
£    £   
Stocks 16,750 16,964

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 31.8.20
£    £   
Trade debtors 363,371 407,861
Tax 48,711 -
412,082 407,861

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.22 31.8.20
£    £   
Bank loans and overdrafts 246,977 75,848
Hire purchase contracts 77,917 84,568
Trade creditors 127,413 134,469
Tax - 23,127
Social security and other taxes 47,674 104,291
Other creditors 38,775 41,618
Directors' current accounts 83,778 130,322
Accrued expenses 8,327 10,196
630,861 604,439

Vinyline Limited (Registered number: 01813785)

Notes to the Financial Statements - continued
For The Period 1 September 2020 to 28 February 2022

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.22 31.8.20
£    £   
Hire purchase contracts 168,108 73,640

9. PROVISIONS FOR LIABILITIES
28.2.22 31.8.20
£    £   
Deferred tax 57,813 32,121

Deferred
tax
£   
Balance at 1 September 2020 32,121
Charge to Income Statement during period 25,692
Balance at 28 February 2022 57,813

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 28.2.22 31.8.20
value: £    £   
50 Ordinary £1 50 50

11. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1 September 2020 185,194 (124,950 ) 60,244
Profit for the period 20,536 20,536
Dividends (71,130 ) (71,130 )
At 28 February 2022 134,600 (124,950 ) 9,650