REGISTERED NUMBER: 04067913 (England and Wales)

Financial Statements

for the Year Ended 28 February 2025

for

Vinyl Factory Manufacturing Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T J Robinson

SECRETARY:

Camamile Limited

REGISTERED OFFICE:

15 Newland

Lincoln

Lincolnshire

LN1 1XG

REGISTERED NUMBER:

04067913 (England and Wales)

AUDITORS:

Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

FIXED ASSETS

Tangible assets

4

716,569

810,274

CURRENT ASSETS

Stocks

248,349

238,560

Debtors

5

313,809

286,500

Cash at bank

-

92,714

562,158

617,774

CREDITORS

Amounts falling due within one year

6

723,297

869,549

NET CURRENT LIABILITIES

(161,139

)

(251,775

)

TOTAL ASSETS LESS CURRENT LIABILITIES

555,430

558,499

CREDITORS

Amounts falling due after more than one year

7

(1,132,739

)

(1,116,224

)

PROVISIONS FOR LIABILITIES

(106,347

)

(116,875

)

NET LIABILITIES

(683,656

)

(674,600

)

CAPITAL AND RESERVES

Called up share capital

9

18,001

18,001

Retained earnings

10

(701,657

)

(692,601

)

SHAREHOLDERS' FUNDS

(683,656

)

(674,600

)

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 28 November 2025 and were signed by:

T J Robinson - Director

1.	STATUTORY INFORMATION

Vinyl Factory Manufacturing 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.

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 accounts are prepared on a going concern basis due to the agreement of the director together with the Vinyl Factory Limited, the parent company of the group, to continue to support the Company. If this support was not to continue then the basis may not be appropriate.

Should the Company then not be able to continue trading, adjustments to the value of assets would be needed to provide for any further liabilities which may arise and to reclassify fixed assets and long term liabilities as current assets and liabilities.

Turnover

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

Revenue is recognised on the completion of an order.

Tangible fixed assets

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

Improvements to leasehold property

-

Over the period of the lease

Plant and machinery

-

33% on cost, 25% on cost and 10% on cost

Furniture & office equipment

-

16% - 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.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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

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 25 (2024 - 29 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

to

Furniture

leasehold

Plant and

& office

property

machinery

equipment

Totals

£

£

£

£

COST

At 1 March 2024

640,774

1,551,139

140,223

2,332,136

Additions

1,520

32,837

3,764

38,121

At 28 February 2025

642,294

1,583,976

143,987

2,370,257

DEPRECIATION

At 1 March 2024

353,382

1,047,706

120,774

1,521,862

Charge for year

42,803

78,733

10,290

131,826

At 28 February 2025

396,185

1,126,439

131,064

1,653,688

NET BOOK VALUE

At 28 February 2025

246,109

457,537

12,923

716,569

At 29 February 2024

287,392

503,433

19,449

810,274

5.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

177,238

191,256

Other debtors

31,613

39,686

208,851

230,942

Amounts falling due after more than one year:

Amounts owed by group undertakings

104,958

55,558

Aggregate amounts

313,809

286,500

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

59,803

10,838

Trade creditors

251,001

267,446

Taxation and social security

28,841

15,170

Other creditors

383,652

576,095

723,297

869,549

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

5,964

16,514

Amounts owed to group undertakings

1,126,775

1,099,710

1,132,739

1,116,224

8.	LEASING AGREEMENTS

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

2025

2024

£

£

Within one year

31,500

31,500

Between one and five years

34,125

65,625

65,625

97,125

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

18,001

Ordinary

£1

18,001

18,001

10.

RESERVES

Retained

earnings

£

At 1 March 2024

(692,601

)

Deficit for the year

(9,056

)

At 28 February 2025

(701,657

)

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Colcomb FCCA (Senior Statutory Auditor)

for and on behalf of Wright Vigar Limited

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

During the year purchases of £22,154 have been made from key management personnel, with the outstanding creditor still due at year end being £3,217.

13.	CONTROLLING PARTY

The company's parent undertaking is The Vinyl Factory Limited. The registered office of the parent undertaking is 15 Newland, Lincoln, Lincolnshire, LN1 1XG. The principle place of business is 16-18 Marshall Street, London, W1F 7BE.