Born in USA Vintage Ltd 14123637 false 2022-05-23 2023-05-31 2023-05-31 The principal activity of the company is retail sale of clothing in specialised stores Digita Accounts Production Advanced 6.30.9574.0 true true 14123637 2022-05-23 2023-05-31 14123637 2023-05-31 14123637 bus:OrdinaryShareClass1 bus:OtherShareType 2023-05-31 14123637 core:CurrentFinancialInstruments core:WithinOneYear 2023-05-31 14123637 bus:SmallEntities 2022-05-23 2023-05-31 14123637 bus:AuditExemptWithAccountantsReport 2022-05-23 2023-05-31 14123637 bus:AbridgedAccounts 2022-05-23 2023-05-31 14123637 bus:SmallCompaniesRegimeForAccounts 2022-05-23 2023-05-31 14123637 bus:RegisteredOffice 2022-05-23 2023-05-31 14123637 bus:Director1 2022-05-23 2023-05-31 14123637 bus:Director2 2022-05-23 2023-05-31 14123637 bus:OrdinaryShareClass1 bus:OtherShareType 2022-05-23 2023-05-31 14123637 bus:PrivateLimitedCompanyLtd 2022-05-23 2023-05-31 14123637 countries:EnglandWales 2022-05-23 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14123637

Born in USA Vintage Ltd

Filleted Annual Report and Unaudited Abridged Financial Statements

for the Period from 23 May 2022 to 31 May 2023

 

Born in USA Vintage Ltd

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

Born in USA Vintage Ltd

Company Information

Directors

Mrs M Phillips

Mr F Mazloum

Registered office

Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

Accountants

HSJ Accountants Ltd
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY

 

Born in USA Vintage Ltd

(Registration number: 14123637)
Abridged Balance Sheet as at 31 May 2023

Note

2023
£

Current assets

 

Cash at bank and in hand

 

2,307

Creditors: Amounts falling due within one year

(6,542)

Total assets less current liabilities

 

(4,235)

Accruals and deferred income

 

(900)

Net liabilities

 

(5,135)

Capital and reserves

 

Called up share capital

4

100

Retained earnings

(5,235)

Shareholders' deficit

 

(5,135)

For the financial period ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 8 November 2023 and signed on its behalf by:
 

.........................................

Mrs M Phillips
Director

 

Born in USA Vintage Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 23 May 2022 to 31 May 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Severn House
Hazell Drive
Newport
South Wales
NP10 8FY
Wales

These financial statements were authorised for issue by the Board on 8 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company reserves are negative at the balance sheet date due to losses made prior to starting to trade. Based on the current year results and forecasts going forward, the directors are confident that the company will continue to be profitable. As a result, the financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Born in USA Vintage Ltd

Notes to the Unaudited Abridged Financial Statements for the Period from 23 May 2022 to 31 May 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a
change attributable to an item of income or expense recognised as other comprehensive income is also
recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or
substantively enacted by the reporting date in the countries where the company operates and generates
taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

4

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary Shares of £1 each

100

100

     

New shares allotted

During the period 100 Ordinary Shares having an aggregate nominal value of £100 were allotted for an aggregate consideration of £100.