Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity33truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07209307 2023-04-01 2024-03-31 07209307 2022-04-01 2023-03-31 07209307 2024-03-31 07209307 2023-03-31 07209307 c:Director1 2023-04-01 2024-03-31 07209307 d:FurnitureFittings 2023-04-01 2024-03-31 07209307 d:FurnitureFittings 2024-03-31 07209307 d:FurnitureFittings 2023-03-31 07209307 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 07209307 d:CurrentFinancialInstruments 2024-03-31 07209307 d:CurrentFinancialInstruments 2023-03-31 07209307 d:Non-currentFinancialInstruments 2024-03-31 07209307 d:Non-currentFinancialInstruments 2023-03-31 07209307 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 07209307 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 07209307 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 07209307 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 07209307 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 07209307 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 07209307 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 07209307 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 07209307 d:ShareCapital 2024-03-31 07209307 d:ShareCapital 2023-03-31 07209307 d:RetainedEarningsAccumulatedLosses 2024-03-31 07209307 d:RetainedEarningsAccumulatedLosses 2023-03-31 07209307 c:OrdinaryShareClass1 2023-04-01 2024-03-31 07209307 c:OrdinaryShareClass1 2024-03-31 07209307 c:OrdinaryShareClass1 2023-03-31 07209307 c:FRS102 2023-04-01 2024-03-31 07209307 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 07209307 c:FullAccounts 2023-04-01 2024-03-31 07209307 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07209307 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07209307









REWIND VINTAGE AFFAIRS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
REWIND VINTAGE AFFAIRS LIMITED
REGISTERED NUMBER: 07209307

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
22,118
31,460

  
22,118
31,460

Current assets
  

Stocks
 5 
363,302
354,885

Debtors: amounts falling due within one year
 6 
177,082
198,946

Cash at bank and in hand
  
28,359
37,044

  
568,743
590,875

Creditors: amounts falling due within one year
 7 
(464,724)
(443,641)

Net current assets
  
 
 
104,019
 
 
147,234

Total assets less current liabilities
  
126,137
178,694

Creditors: amounts falling due after more than one year
 8 
(94,560)
(136,858)

  

Net assets
  
31,577
41,836


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
31,576
41,835

  
31,577
41,836


Page 1

 
REWIND VINTAGE AFFAIRS LIMITED
REGISTERED NUMBER: 07209307
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




C Ricco
Director

Date: 3 March 2025

Page 2

 
REWIND VINTAGE AFFAIRS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Rewind Vintage Affairs Limited is a private company limited by shares and incorporated in England (registered number - 07209307). The registered office is 8 Fairbank Studios, 75-81 Burnaby Street, London, England, SW10 0NS and the principal place of business is Studio 13, 65-69 Lots Road, London, SW10 0RN.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Page 3

 
REWIND VINTAGE AFFAIRS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
 straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
REWIND VINTAGE AFFAIRS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Comprehensive Income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.11

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.12

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 5

 
REWIND VINTAGE AFFAIRS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.13

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.



3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Tangible fixed assets





Plant and machinery etc

£



Cost or valuation


At 1 April 2023
176,999


Additions
959



At 31 March 2024

177,958



Depreciation


At 1 April 2023
145,538


Charge for the year on owned assets
10,302



At 31 March 2024

155,840



Net book value



At 31 March 2024
22,118



At 31 March 2023
31,460

Page 6

 
REWIND VINTAGE AFFAIRS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Stocks

2024
2023
£
£

Finished goods and goods for resale
363,302
354,885

363,302
354,885



6.


Debtors

2024
2023
£
£


Trade debtors
167,000
182,821

Other debtors
10,082
16,125

177,082
198,946



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
55
1,495

Bank loans
51,630
51,630

Trade creditors
11,646
29,579

Corporation tax
7,264
6,496

Other taxation and social security
3,683
3,804

Other creditors
151,466
112,737

Accruals and deferred income
238,980
237,900

464,724
443,641


Page 7

 
REWIND VINTAGE AFFAIRS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
47,916
78,000

Other loans
35,744
47,958

Other creditors
10,900
10,900

94,560
136,858


The bank loan is secured by a way of fixed and floating charge over the company's assets.


9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
51,630
51,630


51,630
51,630

Amounts falling due 1-2 years

Bank loans
42,917
53,000

Other loans
35,742
47,958

Amounts falling due 2-5 years

Bank loans
5,000
25,000


5,000
25,000


135,289
177,588



10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) Ordinary share of £1.00
1
1


 
Page 8