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REGISTERED NUMBER: 06632330 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

VINTAGE FOOTBALL SHIRTS LIMITED

VINTAGE FOOTBALL SHIRTS LIMITED (REGISTERED NUMBER: 06632330)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VINTAGE FOOTBALL SHIRTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: T W Jones
E W Jones



REGISTERED OFFICE: 2nd Floor Offices (Suite 3)
22 Lord Street
Wrexham
LL11 1LR



REGISTERED NUMBER: 06632330 (England and Wales)



ACCOUNTANTS: M. D. Coxey and Co. Limited
Chartered Accountants
25 Grosvenor Road
Wrexham
LL11 1BT



BANKERS: Barclays Bank plc
51-52 Hope Street
Wrexham
LL11 1BB

VINTAGE FOOTBALL SHIRTS LIMITED (REGISTERED NUMBER: 06632330)

BALANCE SHEET
30TH JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,080 3,080
Tangible assets 5 2,514 3,275
5,594 6,355

CURRENT ASSETS
Stocks 6 750,000 560,000
Debtors 7 62,609 23,786
Cash at bank 84,027 65,047
896,636 648,833
CREDITORS
Amounts falling due within one year 8 193,758 170,372
NET CURRENT ASSETS 702,878 478,461
TOTAL ASSETS LESS CURRENT
LIABILITIES

708,472

484,816

CREDITORS
Amounts falling due after more than one
year

9

(9,141

)

(19,167

)

PROVISIONS FOR LIABILITIES 11 (629 ) (655 )
NET ASSETS 698,702 464,994

CAPITAL AND RESERVES
Called up share capital 12 1,000 1,000
Retained earnings 697,702 463,994
SHAREHOLDERS' FUNDS 698,702 464,994

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

VINTAGE FOOTBALL SHIRTS LIMITED (REGISTERED NUMBER: 06632330)

BALANCE SHEET - continued
30TH JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th November 2024 and were signed on its behalf by:





T W Jones - Director


VINTAGE FOOTBALL SHIRTS LIMITED (REGISTERED NUMBER: 06632330)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024

1. STATUTORY INFORMATION

Vintage Football Shirts 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on cost
Fixtures and fittings - 20% on cost
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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

VINTAGE FOOTBALL SHIRTS LIMITED (REGISTERED NUMBER: 06632330)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st July 2023
and 30th June 2024 3,080
NET BOOK VALUE
At 30th June 2024 3,080
At 30th June 2023 3,080

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1st July 2023 19,706 3,972 12,694 36,372
Additions - - 1,936 1,936
At 30th June 2024 19,706 3,972 14,630 38,308
DEPRECIATION
At 1st July 2023 18,947 3,686 10,464 33,097
Charge for year 759 153 1,785 2,697
At 30th June 2024 19,706 3,839 12,249 35,794
NET BOOK VALUE
At 30th June 2024 - 133 2,381 2,514
At 30th June 2023 759 286 2,230 3,275

6. STOCKS
30.6.24 30.6.23
£    £   
Stocks 750,000 560,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
VAT 62,609 23,786

VINTAGE FOOTBALL SHIRTS LIMITED (REGISTERED NUMBER: 06632330)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,078 10,000
Trade creditors 621 614
AMEX credit card 23,155 15,892
Capital on tap 25,158 -
Barclaycard 3,347 -
Tax 117,871 63,390
Social security and other taxes 804 804
Directors' current accounts 9,347 76,309
Accrued expenses 3,377 3,363
193,758 170,372

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-2 years 9,141 10,000
Bank loans - 2-5 years - 9,167
9,141 19,167

10. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 19,219 29,167

11. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax
Accelerated capital allowances 629 655

Deferred
tax
£   
Balance at 1st July 2023 655
Movement in the year due to:
changes in tax allowances (190 )
changes in tax rate 164
Balance at 30th June 2024 629

VINTAGE FOOTBALL SHIRTS LIMITED (REGISTERED NUMBER: 06632330)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

13. CAPITAL COMMITMENTS
30.6.24 30.6.23
£    £   
Contracted but not provided for in the
financial statements - -

14. ULTIMATE CONTROLLING PARTY

The controlling party is T W Jones.