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REGISTERED NUMBER: 06632330 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2023

FOR

VINTAGE FOOTBALL SHIRTS LIMITED

VINTAGE FOOTBALL SHIRTS LIMITED (REGISTERED NUMBER: 06632330)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VINTAGE FOOTBALL SHIRTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2023







DIRECTORS: T W Jones
E W Jones



REGISTERED OFFICE: 2nd Floor Offices (Suite 3)
22 Lord Street
Wrexham
LL11 1LR



REGISTERED NUMBER: 06632330 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: Barclays Bank plc
51-52 Hope Street
Wrexham
LL11 1BB

VINTAGE FOOTBALL SHIRTS LIMITED (REGISTERED NUMBER: 06632330)

BALANCE SHEET
30TH JUNE 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,080 3,080
Tangible assets 5 3,275 7,332
6,355 10,412

CURRENT ASSETS
Stocks 6 560,000 400,000
Debtors 7 23,786 294
Cash at bank 65,047 25,712
648,833 426,006
CREDITORS
Amounts falling due within one year 8 170,372 162,594
NET CURRENT ASSETS 478,461 263,412
TOTAL ASSETS LESS CURRENT
LIABILITIES

484,816

273,824

CREDITORS
Amounts falling due after more than one year 9 (19,167 ) (29,167 )

PROVISIONS FOR LIABILITIES 11 (655 ) (1,393 )
NET ASSETS 464,994 243,264

CAPITAL AND RESERVES
Called up share capital 12 1,000 1,000
Retained earnings 463,994 242,264
SHAREHOLDERS' FUNDS 464,994 243,264

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2023 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.

VINTAGE FOOTBALL SHIRTS LIMITED (REGISTERED NUMBER: 06632330)

BALANCE SHEET - continued
30TH JUNE 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 Board of Directors and authorised for issue on 8th December 2023 and were signed on its behalf by:





T W Jones - Director


VINTAGE FOOTBALL SHIRTS LIMITED (REGISTERED NUMBER: 06632330)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2023

1. STATUTORY INFORMATION

Vintage Football Shirts 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 cost
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

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.

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.

VINTAGE FOOTBALL SHIRTS LIMITED (REGISTERED NUMBER: 06632330)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st July 2022
and 30th June 2023 3,080
NET BOOK VALUE
At 30th June 2023 3,080
At 30th June 2022 3,080

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st July 2022 19,706 3,972 11,692 35,370
Additions - - 1,002 1,002
At 30th June 2023 19,706 3,972 12,694 36,372
DEPRECIATION
At 1st July 2022 15,977 3,541 8,520 28,038
Charge for year 2,970 145 1,944 5,059
At 30th June 2023 18,947 3,686 10,464 33,097
NET BOOK VALUE
At 30th June 2023 759 286 2,230 3,275
At 30th June 2022 3,729 431 3,172 7,332

6. STOCKS
30.6.23 30.6.22
£    £   
Stocks 560,000 400,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
VAT 23,786 294

VINTAGE FOOTBALL SHIRTS LIMITED (REGISTERED NUMBER: 06632330)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 614 1,015
AMEX credit card 15,892 10,732
Tax 63,390 20,122
Social security and other taxes 804 922
Directors' current accounts 76,309 116,790
Accrued expenses 3,363 3,013
170,372 162,594

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 9,167 19,167
19,167 29,167

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.23 30.6.22
£    £   
Bank loans 29,167 39,167

11. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax
Accelerated capital allowances 655 1,393

Deferred
tax
£   
Balance at 1st July 2022 1,393
Movement in the year due to:
changes in tax allowances (771 )
changes in tax rate 33
Balance at 30th June 2023 655

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

VINTAGE FOOTBALL SHIRTS LIMITED (REGISTERED NUMBER: 06632330)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2023

13. CAPITAL COMMITMENTS
30.6.23 30.6.22
£    £   
Contracted but not provided for in the
financial statements - -

14. ULTIMATE CONTROLLING PARTY

The controlling party is T W Jones.