REGISTERED NUMBER: 08499406 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

Vinco Sales Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr S J Drew

SECRETARY:

Mrs E Drew

REGISTERED OFFICE:

Northfield House

Shurdington Road

Bentham

Cheltenham

Gloucestershire

GL51 4UA

BUSINESS ADDRESS:

The Kivernoll Building

Kivernoll

Much Dewchurch

Herefordshire

HR2 8DU

REGISTERED NUMBER:

08499406 (England and Wales)

ACCOUNTANTS:

ARC & Co. Accountants Limited

Northfield House

Shurdington Road

Bentham

Cheltenham

Gloucestershire

GL51 4UA

FIXED ASSETS

Tangible assets

4

2,083,218

1,648,594

CURRENT ASSETS

Stocks

5

1,298,008

1,108,203

Debtors

6

374,062

537,590

Cash at bank and in hand

43,757

158,368

1,715,827

1,804,161

CREDITORS

Amounts falling due within one year

7

1,188,728

1,239,054

NET CURRENT ASSETS

527,099

565,107

TOTAL ASSETS LESS CURRENT LIABILITIES

2,610,317

2,213,701

CREDITORS

Amounts falling due after more than one year

8

(1,284,139

)

(996,822

)

PROVISIONS FOR LIABILITIES

10

(330,778

)

(222,439

)

NET ASSETS

995,400

994,440

CAPITAL AND RESERVES

Called up share capital

11

2

2

Retained earnings

12

995,398

994,438

SHAREHOLDERS' FUNDS

995,400

994,440

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 7 October 2025 and were signed by:

Mr S J Drew - Director

1.	STATUTORY INFORMATION

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

in accordance with the property

Plant and machinery

-

20% on cost

Hire Fleet

-

at variable rates on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

20% 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 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 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 21 (2024 - 24 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Hire

property

machinery

Fleet

£

£

£

COST

At 1 May 2024

715,013

111,352

957,349

Additions

18,998

8,484

493,228

At 30 April 2025

734,011

119,836

1,450,577

DEPRECIATION

At 1 May 2024

-

55,252

139,761

Charge for year

-

15,733

53,211

At 30 April 2025

-

70,985

192,972

NET BOOK VALUE

At 30 April 2025

734,011

48,851

1,257,605

At 30 April 2024

715,013

56,100

817,588

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2024

90,250

26,899

1,900,863

Additions

1,275

4,045

526,030

At 30 April 2025

91,525

30,944

2,426,893

DEPRECIATION

At 1 May 2024

35,823

21,433

252,269

Charge for year

20,021

2,441

91,406

At 30 April 2025

55,844

23,874

343,675

NET BOOK VALUE

At 30 April 2025

35,681

7,070

2,083,218

At 30 April 2024

54,427

5,466

1,648,594

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Hire

Motor

Fleet

vehicles

Totals

£

£

£

COST

At 1 May 2024

647,693

83,000

730,693

Additions

478,426

-

478,426

Transfer to ownership

(167,232

)

(15,500

)

(182,732

)

At 30 April 2025

958,887

67,500

1,026,387

DEPRECIATION

At 1 May 2024

68,396

28,573

96,969

Charge for year

33,593

20,021

53,614

Transfer to ownership

(27,821

)

(11,302

)

(39,123

)

At 30 April 2025

74,168

37,292

111,460

NET BOOK VALUE

At 30 April 2025

884,719

30,208

914,927

At 30 April 2024

579,297

54,427

633,724

5.

STOCKS

30.4.25

30.4.24

£

£

Stocks

1,298,008

1,108,203

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

303,630

525,072

Directors' current accounts

-

3,278

Corporation tax

59,815

-

Prepayments and accrued income

10,617

9,240

374,062

537,590

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Other loans

409,507

334,719

Hire purchase contracts

180,632

157,625

Trade creditors

387,295

453,134

Corporation tax

-

69,812

Social security and other taxes

6,408

6,519

Pension creditor

2,518

2,591

VAT

36,299

69,085

Company credit cards

24,639

37,662

Invoice discounting account

76,636

-

Directors' current accounts

5,481

-

Accruals

59,313

107,907

1,188,728

1,239,054

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Other loans

930,139

771,191

Hire purchase contracts

354,000

225,631

1,284,139

996,822

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.4.25

30.4.24

£

£

Other loans

1,339,646

1,105,910

Hire purchase contracts

534,632

383,256

1,874,278

1,489,166

The other loans and hire purchases are secured upon the fixed assets and stock items to which they relate, or by separate means specific to the individual contracts.

10.	PROVISIONS FOR LIABILITIES

30.4.25

30.4.24

£

£

Deferred tax

330,778

222,439

Deferred

tax

£

Balance at 1 May 2024

222,439

Charge to Income Statement during year

108,339

Balance at 30 April 2025

330,778

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.25

30.4.24

value:

£

£

2

Ordinary

£1

2

2

12.

RESERVES

Retained

earnings

£

At 1 May 2024

994,438

Profit for the year

140,960

Dividends

(140,000

)

At 30 April 2025

995,398

13.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2025 and 30 April 2024:

30.4.25

30.4.24

£

£

Mr S J Drew

Balance outstanding at start of year

3,278

-

Amounts advanced

-

3,278

Amounts repaid

(3,278

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

3,278

The balance on Mr Drew's account at 30 April 2025 was £5,481 in credit. No interest was charged on the overdrawn amounts at any point during the year.

14.	RELATED PARTY DISCLOSURES

During the year, Mr S J Drew received dividends from the company of £70,000 (2024 - £55,000).

15.	ULTIMATE CONTROLLING PARTY

Mr S J Drew and Mrs E Drew, being husband and wife, together form the ultimate controlling party by virtue of their holding all the company's issued share capital.