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REGISTERED NUMBER: 12388313 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

RETRO ENTERTAINMENT LIMITED

RETRO ENTERTAINMENT LIMITED (Registered number: 12388313)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RETRO ENTERTAINMENT LIMITED

Company Information
for the Year Ended 31 January 2023







DIRECTOR: A Mappouras





REGISTERED OFFICE: 213-215 High Street
Scunthorpe
DN15 6LQ





REGISTERED NUMBER: 12388313 (England and Wales)





ACCOUNTANTS: Lucas Reis Ltd
Chartered Accountants
Lansdowne House
85 Buxton Road
Stockport
Cheshire
SK2 6LR

RETRO ENTERTAINMENT LIMITED (Registered number: 12388313)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,396 14,393

CURRENT ASSETS
Stocks 10,654 2,356
Debtors 5 4,006 2,391
Cash at bank and in hand 11,577 39,231
26,237 43,978
CREDITORS
Amounts falling due within one year 6 12,573 17,152
NET CURRENT ASSETS 13,664 26,826
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,060

41,219

CREDITORS
Amounts falling due after more than one
year

7

(24,438

)

(34,022

)

PROVISIONS FOR LIABILITIES (2,735 ) (2,735 )
NET ASSETS 887 4,462

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 787 4,362
SHAREHOLDERS' FUNDS 887 4,462

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

RETRO ENTERTAINMENT LIMITED (Registered number: 12388313)

Balance Sheet - continued
31 January 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 October 2023 and were signed by:





A Mappouras - Director


RETRO ENTERTAINMENT LIMITED (Registered number: 12388313)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

RETRO ENTERTAINMENT 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 etc - 20% 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 Statement of Income and Retained Earnings, 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.

RETRO ENTERTAINMENT LIMITED (Registered number: 12388313)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The Company contributes to a defined contributions pension scheme. Contributions payable to the nominated workplace 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 11 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 21,896
Additions 3,602
At 31 January 2023 25,498
DEPRECIATION
At 1 February 2022 7,503
Charge for year 3,599
At 31 January 2023 11,102
NET BOOK VALUE
At 31 January 2023 14,396
At 31 January 2022 14,393

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Prepayments and accrued income 4,006 2,391

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 9,625 9,666
VAT 1,430 -
Directors' current accounts 238 3,294
Accrued expenses 1,280 4,192
12,573 17,152

RETRO ENTERTAINMENT LIMITED (Registered number: 12388313)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans - 2-5 years 24,438 34,022

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100 Ordinary 1 100 100

9. ULTIMATE CONTROLLING PARTY

The controlling party is A Mappouras.