Glass Onion Vintage Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06473823 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

GLASS ONION VINTAGE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J M Hickling

SECRETARY:

B J Malcolm

REGISTERED OFFICE:

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

REGISTERED NUMBER:

06473823 (England and Wales)

ACCOUNTANTS:

Xeinadin Barnsley Limited

12 Victoria Road

Barnsley

South Yorkshire

S70 2BB

BANKERS:

National Westminster Bank plc

26 Market Hill

Barnsley

South Yorkshire

S70 2QE

FIXED ASSETS

Intangible assets

4

7,074

Tangible assets

5

180,305

153,009

187,379

160,083

CURRENT ASSETS

Stocks

532,021

566,541

Debtors

6

283,629

287,269

Cash at bank and in hand

69,361

184,459

885,011

1,038,269

CREDITORS

Amounts falling due within one year

7

715,571

825,672

NET CURRENT ASSETS

169,440

212,597

TOTAL ASSETS LESS CURRENT LIABILITIES

356,819

372,680

CREDITORS

Amounts falling due after more than one
year

8

-

31,047

NET ASSETS

356,819

341,633

CAPITAL AND RESERVES

Called up share capital

10

380

Other reserves

11,438

Retained earnings

345,001

329,815

SHAREHOLDERS' FUNDS

356,819

341,633

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 for issue by the director and authorised for issue on 3 July 2026 and were signed by:

J M Hickling - Director

1.	STATUTORY INFORMATION

Glass Onion Vintage 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

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.

Significant judgements and estimates

No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover

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

Turnover from the sale of wholesale vintage clothing is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of goods.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, has been fully amortised.

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.

Website development costs are being amortised evenly over their estimated useful life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset, less residual value, over its estimated useful life.

Plant and machinery - Straight line over 5 years

Fixtures and fittings - Straight line over 5 years

Computer equipment - Straight line over 4 years

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving stock. Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase 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.

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 35 (2024 - 53 ) .

4.	INTANGIBLE FIXED ASSETS

Website

development

Goodwill

costs

Totals

£

COST

At 1 January 2025

and 31 December 2025

10,000

36,863

46,863

AMORTISATION

At 1 January 2025

and 31 December 2025

10,000

29,789

39,789

NET BOOK VALUE

At 31 December 2025

-

7,074

At 31 December 2024

-

7,074

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

COST

At 1 January 2025

245,886

203,743

29,547

479,176

Additions

-

52,675

-

52,675

Disposals

(40,000

)

-

(40,000

)

At 31 December 2025

205,886

256,418

29,547

491,851

DEPRECIATION

At 1 January 2025

178,585

118,034

29,548

326,167

Charge for year

14,904

10,476

(1

)

25,379

Eliminated on disposal

(40,000

)

-

(40,000

)

At 31 December 2025

153,489

128,510

29,547

311,546

NET BOOK VALUE

At 31 December 2025

52,397

127,908

-

180,305

At 31 December 2024

67,301

85,709

(1

)

153,009

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Trade debtors

202,259

194,337

Prepayments and accrued income

81,370

92,932

283,629

287,269

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Bank loans and overdrafts

31,047

74,513

Trade creditors

422,081

466,798

Social security and other taxes

19,794

17,510

VAT

137,337

115,963

Other creditors

24,086

36,055

Directors' current accounts

66,554

89,862

Accruals and deferred income

14,672

24,971

715,571

825,672

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

Bank loans - 1-2 years

-

31,047

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

Within one year

125,520

40,000

Between one and five years

515,000

73,333

In more than five years

287,500

-

928,020

113,333

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

Value:

£

-

'A' non-voting

£1

-

'B' non-voting

£1

-

'C' non-voting

£1

-

'D' non-voting

£1

-

361

X Ordinary

£1

361

19

Y Ordinary

£1

19

380