PTP Accounts Production v23.1.5.20 08231027 director 1.10.22 30.9.23 30.9.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh082310272022-09-30082310272023-09-30082310272022-10-012023-09-30082310272021-09-30082310272021-10-012022-09-30082310272022-09-3008231027ns15:EnglandWales2022-10-012023-09-3008231027ns14:PoundSterling2022-10-012023-09-3008231027ns10:Director12022-10-012023-09-3008231027ns10:PrivateLimitedCompanyLtd2022-10-012023-09-3008231027ns10:SmallEntities2022-10-012023-09-3008231027ns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3008231027ns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3008231027ns10:SmallCompaniesRegimeForAccounts2022-10-012023-09-3008231027ns10:FullAccounts2022-10-012023-09-3008231027ns10:RegisteredOffice2022-10-012023-09-3008231027ns5:CurrentFinancialInstruments2023-09-3008231027ns5:CurrentFinancialInstruments2022-09-3008231027ns5:ShareCapital2023-09-3008231027ns5:ShareCapital2022-09-3008231027ns5:RetainedEarningsAccumulatedLosses2023-09-3008231027ns5:RetainedEarningsAccumulatedLosses2022-09-3008231027ns5:PlantMachinery2022-10-012023-09-3008231027ns5:PlantMachinery2022-09-3008231027ns5:PlantMachinery2023-09-3008231027ns5:PlantMachinery2022-09-3008231027ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3008231027ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3008231027ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-09-3008231027ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2022-09-30
REGISTERED NUMBER: 08231027 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Vitage Clothing Limited

Vitage Clothing Limited (Registered number: 08231027)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vitage Clothing Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: Mr M Ahsan





REGISTERED OFFICE: 119 Cromwell Avenue
Stockport
SK5 6GA





REGISTERED NUMBER: 08231027 (England and Wales)





ACCOUNTANTS: CapShire (UK) LLP
Chartered Certified Accountants
86-90 Paul Street
London
EC2A 4NE

Vitage Clothing Limited (Registered number: 08231027)

Balance Sheet
30 September 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 15,587 15,167

CURRENT ASSETS
Stocks 721,284 560,168
Debtors 5 205,151 320,924
Cash at bank and in hand 54,437 379,337
980,872 1,260,429
CREDITORS
Amounts falling due within one year 6 (413,881 ) (705,981 )
NET CURRENT ASSETS 566,991 554,448
TOTAL ASSETS LESS CURRENT
LIABILITIES

582,578

569,615

PROVISIONS FOR LIABILITIES (3,897 ) (3,792 )
NET ASSETS 578,681 565,823

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 578,581 565,723
SHAREHOLDERS' FUNDS 578,681 565,823

Vitage Clothing Limited (Registered number: 08231027)

Balance Sheet - continued
30 September 2023


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

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

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 11 April 2024 and were signed by:





Mr M Ahsan - Director


Vitage Clothing Limited (Registered number: 08231027)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Vitage Clothing 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.

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 - 15% 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 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.

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.

Going concern
The directors are not aware of any material uncertainties that may cast significant doubt over the ability of the company to continue trading. The preparation of the financial statements on the going concern basis is therefore deemed appropriate.

Vitage Clothing Limited (Registered number: 08231027)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 42,244
Additions 3,620
At 30 September 2023 45,864
DEPRECIATION
At 1 October 2022 27,077
Charge for year 3,200
At 30 September 2023 30,277
NET BOOK VALUE
At 30 September 2023 15,587
At 30 September 2022 15,167

5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Trade debtors 97,708 153,283
Other debtors 2,700 43,485
100,408 196,768

Amounts falling due after more than one year:
Other debtors 104,743 124,156

Aggregate amounts 205,151 320,924

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 138,513 447,806
Taxation and social security 59,380 33,014
Other creditors 215,988 225,161
413,881 705,981