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REGISTERED NUMBER: 02955262 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Vinyl Tap Limited

Vinyl Tap Limited (Registered number: 02955262)

Contents of the Financial Statements
for the Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vinyl Tap Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: M A Boothroyd





SECRETARY: Mrs S J Boothroyd





REGISTERED OFFICE: Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS





REGISTERED NUMBER: 02955262 (England and Wales)





ACCOUNTANTS: Horley Green Chartered Accountants
Horley Green House
Horley Green Road
Claremount
Halifax
West Yorkshire
HX3 6AS

Vinyl Tap Limited (Registered number: 02955262)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,321 9,904

CURRENT ASSETS
Stocks 200,000 195,000
Debtors 5 26,158 5,537
226,158 200,537
CREDITORS
Amounts falling due within one year 6 126,654 147,471
NET CURRENT ASSETS 99,504 53,066
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,825

62,970

CREDITORS
Amounts falling due after more than one year 7 (107,162 ) (28,087 )

PROVISIONS FOR LIABILITIES 9 - (1,760 )
NET ASSETS 663 33,123

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 661 33,121
SHAREHOLDERS' FUNDS 663 33,123

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

Vinyl Tap Limited (Registered number: 02955262)

Balance Sheet - continued
31 August 2024


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 18 November 2024 and were signed by:





M A Boothroyd - Director


Vinyl Tap Limited (Registered number: 02955262)

Notes to the Financial Statements
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

Vinyl Tap 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.

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 represents the net amount receivable for goods supplied and services provided, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

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 - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
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.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 September 2023
and 31 August 2024 15,142 57,397 27,266 99,805
DEPRECIATION
At 1 September 2023 13,666 49,512 26,723 89,901
Charge for year 221 1,183 179 1,583
At 31 August 2024 13,887 50,695 26,902 91,484
NET BOOK VALUE
At 31 August 2024 1,255 6,702 364 8,321
At 31 August 2023 1,476 7,885 543 9,904

Vinyl Tap Limited (Registered number: 02955262)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Directors' loan accounts 13,232 -
VAT 12,926 5,537
26,158 5,537

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 16,267 10,834
Trade creditors 97,846 69,531
Tax 6,491 6,491
Social security and other taxes 4,050 4,413
Other creditors - 14,000
Directors' loan accounts - 40,202
Accrued expenses 2,000 2,000
126,654 147,471

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans - 2-5 years 107,162 28,087

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Bank loans 107,162 28,087

The bank loan is secured on the freehold property.

9. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax
Accelerated Capital Allowances - 1,760

Deferred
tax
£   
Balance at 1 September 2023 1,760
Accelerated Capital Allowances (1,760 )
Balance at 31 August 2024 -

Vinyl Tap Limited (Registered number: 02955262)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024


10. RELATED PARTY DISCLOSURES

The company is controlled by M A Boothroyd, the company director.