REGISTERED NUMBER: SC473765 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

VYNCINT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

E Docherty

REGISTERED OFFICE:

272 Bath Street

Glasgow

G2 4JR

REGISTERED NUMBER:

SC473765 (Scotland)

ACCOUNTANT:

John Murphy & Company (Scotland) Limited

Chartered Accountants

Castle Chambers

67 Main Street

Bothwell

Lanarkshire

G71 8ER

CURRENT ASSETS

Stocks

4

-

22,915

Debtors

5

176,171

74,651

Cash at bank

1

27

176,172

97,593

CREDITORS

Amounts falling due within one year

6

219,313

153,712

NET CURRENT LIABILITIES

(43,141

)

(56,119

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(43,141

)

(56,119

)

CREDITORS

Amounts falling due after more than one year

7

36,119

35,000

NET LIABILITIES

(79,260

)

(91,119

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(79,360

)

(91,219

)

(79,260

)

(91,119

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 19 May 2026 and were signed by:

E Docherty - Director

1.	STATUTORY INFORMATION

Vyncint Limited is a private company, limited by shares , registered in Scotland. 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.

The financial statements have been prepared on a going concern basis, the validity of which depends on future support being available from the company's directors. At the date of signing these financial statements, this support has been secured.

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.

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 1 (2023 - 1 ) .

4.

STOCKS

31.3.24

31.3.23

£

£

Developments in progress

-

22,915

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.24

31.3.23

£

£

Trade debtors

100,000

-

Amounts owed by associates

12,500

-

Other debtors

41,802

55,630

Directors' current accounts

-

12,451

Tax recoverable

6,570

6,570

VAT

15,299

-

176,171

74,651

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.24

31.3.23

£

£

Bank loans and overdrafts (see note 8)

10,000

10,000

Trade creditors

90,590

91,015

Corporation tax

10,711

6,767

Payroll taxation

14,588

18,320

VAT

-

16,610

Other creditors

8,200

8,200

Directors' current accounts

33,774

-

Accrued charges

51,450

2,800

219,313

153,712

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.24

31.3.23

£

£

Bank loans (see note 8)

36,119

35,000

8.

LOANS

An analysis of the maturity of loans is given below:

31.3.24

31.3.23

£

£

Amounts falling due within one year or on demand:

Bank loans

10,000

10,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

10,000

10,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

26,119

25,000

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24

31.3.23

£

£

E Docherty

Balance outstanding at start of year

12,451

11,523

Amounts advanced

-

928

Amounts repaid

(12,451

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

12,451

10.	ULTIMATE CONTROLLING PARTY

The controlling party is E Docherty.