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Registered number: 09537131
Jemporium Vintage Limited
Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 09537131
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 384 445
384 445
CURRENT ASSETS
Stocks 5 9,226 9,226
Debtors 6 5,657 9,297
Cash at bank and in hand 44,432 66,716
59,315 85,239
Creditors: Amounts Falling Due Within One Year 7 (50,467 ) (64,296 )
NET CURRENT ASSETS (LIABILITIES) 8,848 20,943
TOTAL ASSETS LESS CURRENT LIABILITIES 9,232 21,388
NET ASSETS 9,232 21,388
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 9,231 21,387
SHAREHOLDERS' FUNDS 9,232 21,388
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For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Jennifer Skilton
Director
18 January 2025
The notes on pages 3 to 4 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Jemporium Vintage Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09537131 . The registered office is 6a Burleigh Street, Cambridge, Cambridgeshire, CB1 1DG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 10% straight line
Plant & Machinery 20% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
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4. Tangible Assets
Land & Property
Leasehold Plant & Machinery Total
£ £ £
Cost
As at 1 May 2023 4,751 1,221 5,972
Additions 185 - 185
As at 30 April 2024 4,936 1,221 6,157
Depreciation
As at 1 May 2023 4,751 776 5,527
Provided during the period 2 244 246
As at 30 April 2024 4,753 1,020 5,773
Net Book Value
As at 30 April 2024 183 201 384
As at 1 May 2023 - 445 445
5. Stocks
2024 2023
£ £
Stock 9,226 9,226
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 3,655
Prepayments and accrued income 5,657 5,642
5,657 9,297
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 34,698 29,376
Corporation tax 7,318 6,845
Other taxes and social security 7,786 6,698
Director's loan account 665 21,377
50,467 64,296
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
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