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REGISTERED NUMBER: 07708529 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

VINCE MEDIA LTD

VINCE MEDIA LTD (REGISTERED NUMBER: 07708529)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


VINCE MEDIA LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: C Gane
Mrs H Gane





REGISTERED OFFICE: 2 Earls Road
TUNBRIDGE WELLS
Kent
TN4 8EA





REGISTERED NUMBER: 07708529 (England and Wales)





ACCOUNTANTS: Wells Associates
Ground Floor Oakhurst House
77 Mount Ephraim
Tunbridge Wells
Kent
TN4 8BS

VINCE MEDIA LTD (REGISTERED NUMBER: 07708529)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 14,694 7,915
Investments 5 647,892 421,522
662,586 429,437

CURRENT ASSETS
Debtors 6 93,272 168,290
Cash at bank and in hand 380,041 285,383
473,313 453,673
CREDITORS
Amounts falling due within one year 7 (104,654 ) (100,162 )
NET CURRENT ASSETS 368,659 353,511
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,031,245

782,948

PROVISIONS FOR LIABILITIES (3,673 ) (1,979 )
NET ASSETS 1,027,572 780,969

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,027,570 780,967
SHAREHOLDERS' FUNDS 1,027,572 780,969

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

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

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 Board of Directors and authorised for issue on 21 April 2025 and were signed on its behalf by:





C Gane - Director


VINCE MEDIA LTD (REGISTERED NUMBER: 07708529)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Vince Media Ltd 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 net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33.33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 2 (2023 - 2 ) .

VINCE MEDIA LTD (REGISTERED NUMBER: 07708529)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2023 4,318 85,549 89,867
Additions - 21,175 21,175
At 31 July 2024 4,318 106,724 111,042
DEPRECIATION
At 1 August 2023 3,220 78,732 81,952
Charge for year 274 14,122 14,396
At 31 July 2024 3,494 92,854 96,348
NET BOOK VALUE
At 31 July 2024 824 13,870 14,694
At 31 July 2023 1,098 6,817 7,915

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2023 421,522
Additions 226,370
At 31 July 2024 647,892
NET BOOK VALUE
At 31 July 2024 647,892
At 31 July 2023 421,522

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 93,181 166,292
Prepayments 91 1,998
93,272 168,290

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 78,888 74,886
VAT 9,182 18,249
Other creditors 2,127 (258 )
Directors' current accounts 7,572 5,486
Accrued expenses 6,885 1,799
104,654 100,162

8. RELATED PARTY DISCLOSURES

For the year under review the company was jointly controlled by its two directors Mr C Gane and Mrs H Gane.