Registered number
03432854
Vintage Youth Ltd
(formerly known as Copybook Solutions Ltd)
Unaudited Filleted Accounts
30 September 2024
Vintage Youth Ltd
Registered number: 03432854
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 270 -
Tangible assets 4 1,017 1,639
Investments 5 38,488 76,975
39,775 78,614
Current assets
Stocks 16,538 -
Debtors 6 3,047 61,002
Cash at bank and in hand 4,170 58
23,755 61,060
Creditors: amounts falling due within one year 7 (26,054) (81)
Net current (liabilities)/assets (2,299) 60,979
Net assets 37,476 139,592
Capital and reserves
Called up share capital 2 2
Profit and loss account 37,474 139,590
Shareholder's funds 37,476 139,592
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 member has 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.
Mr A W Fields
Director
Approved by the board on 18 February 2025
Vintage Youth Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The financial statements are presented in sterling with is the functional currency of the company and are rounded to the nearest £.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Office equipment 33% straight line
Furniture and fixtures 25% straight line
Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable and payable within one year are recorded at transaction price. Any losses from impairment are recognised in the profit and loss account in other administrative expenses.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Intangible fixed assets £
Goodwill:
Cost
At 1 October 2023 587
Additions 270
At 30 September 2024 857
Amortisation
At 1 October 2023 587
At 30 September 2024 587
Net book value
At 30 September 2024 270
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 61,535
Additions 105
At 30 September 2024 61,640
Depreciation
At 1 October 2023 59,896
Charge for the year 727
At 30 September 2024 60,623
Net book value
At 30 September 2024 1,017
At 30 September 2023 1,639
5 Investments
Other
investments
£
Cost
At 1 October 2023 76,975
Revaluation (38,487)
At 30 September 2024 38,488
6 Debtors 2024 2023
£ £
Prepayments and accrued income 2,444 -
Other debtors 603 61,002
3,047 61,002
7 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 494 -
Taxation and social security costs - 80
Other creditors 25,560 1
26,054 81
8 Other information
Vintage Youth Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Bradford Farm
Uplowman
Tiverton
Devon
EX16 7DQ
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