Registered number
07971867
Vintage Central Limited
Report and Unaudited Accounts
31 March 2024
Collins
Chartered Accountants
West Midlands
Vintage Central Limited
Registered number: 07971867
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £ £ £
Fixed assets
Tangible assets 3 500 958
Current assets
Stocks 650 650
Debtors 4 1,740 1,104
Cash at bank and in hand 50,575 71,890
52,965 73,644
Creditors: amounts falling due within one year 5 (20,097) (17,356)
Net current assets 32,868 56,288
Net assets 33,368 57,246
Capital and reserves
Called up share capital 100 100
Profit and loss account 33,268 57,146
Shareholders' funds 33,368 57,246
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Smith
Director
Approved by the board on 19 June 2024
Vintage Central Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 (as applicable to small companies), The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover comprises revenue earned from the sale of goods, this is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings and computers over 4 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are also recognised at transaction price including any transaction costs.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are also recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Fixtures, fittings and computers
£
Cost
At 1 April 2023 1,899
At 31 March 2024 1,899
Depreciation
At 1 April 2023 941
Charge for the year 458
At 31 March 2024 1,399
Net book value
At 31 March 2024 500
At 31 March 2023 958
4 Debtors 2024 2023
£ £
Prepayments and accrued income - 1,104
Other debtors 1,740 -
1,740 1,104
5 Creditors: amounts falling due within one year 2024 2023
£ £
Corporation tax - 4,192
Other taxes and social security costs 408 408
Directors loans 16,869 11,376
Accruals and deferred income 2,820 1,380
20,097 17,356
6 Controlling party
The company is under the control of N Smith
7 Other information
Vintage Central Limited is a private company limited by shares and incorporated in England. Its registered office is:
74 Sir Richards Drive
Harborne
Birmingham
B17 8SH
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