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REGISTERED NUMBER: 13005322 (England and Wales)













Financial Statements

for the Year Ended 30 November 2022

for

Vinyl Destination Graphics Ltd

Vinyl Destination Graphics Ltd (Registered number: 13005322)






Contents of the Financial Statements
for the Year Ended 30 November 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

Vinyl Destination Graphics Ltd

Company Information
for the Year Ended 30 November 2022







DIRECTOR: Miss N Bonser





SECRETARY:





REGISTERED OFFICE: Unit A Beevor Street
Hoyle Mill
Barnsley
South Yorkshire
S71 IHN





REGISTERED NUMBER: 13005322 (England and Wales)





ACCOUNTANTS: Angus Nordon & Co
194 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8AF

Vinyl Destination Graphics Ltd (Registered number: 13005322)

Balance Sheet
30 November 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,311 1,700

CURRENT ASSETS
Cash at bank and in hand 5,290 21

CREDITORS
Amounts falling due within one year 5 4,745 1,012
NET CURRENT ASSETS/(LIABILITIES) 545 (991 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,856

709

PROVISIONS FOR LIABILITIES 6 174 -
NET ASSETS 2,682 709

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 8 2,681 708
SHAREHOLDERS' FUNDS 2,682 709

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 23 November 2023 and were signed by:





Miss N Bonser - Director


Vinyl Destination Graphics Ltd (Registered number: 13005322)

Notes to the Financial Statements
for the Year Ended 30 November 2022

1. STATUTORY INFORMATION

Vinyl Destination Graphics Ltd 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.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

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- 10% on written down value
Computer equipment- 33.3% straight line

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

Vinyl Destination Graphics Ltd (Registered number: 13005322)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2021 1,700
Additions 910
At 30 November 2022 2,610
DEPRECIATION
Charge for year 299
At 30 November 2022 299
NET BOOK VALUE
At 30 November 2022 2,311
At 30 November 2021 1,700

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Tax 461 236
Director's current account 3,744 776
Accrued expenses 540 -
4,745 1,012

6. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax 174 -

Deferred
tax
£   
Movement arising during year 174
Balance at 30 November 2022 174

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
1 Ordinary £1 1 1

Vinyl Destination Graphics Ltd (Registered number: 13005322)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

8. RESERVES
Retained
earnings
£   

At 1 December 2021 708
Profit for the year 1,973
At 30 November 2022 2,681

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 30 November 2022 and the period ended 30 November 2021:

2022 2021
£    £   
Miss N Bonser
Balance outstanding at start of year (776 ) -
Amounts repaid (2,968 ) (776 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,744 ) (776 )

10. RELATED PARTY DISCLOSURES

During the year a salary of £5,500 (2021 £Nil) was paid to the director, together with a dividend of £Nil (2021 £2,000).

Vinyl Destination Graphics Ltd

Report of the Accountants to the Director of
Vinyl Destination Graphics Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2022 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Angus Nordon & Co
194 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8AF


23 November 2023