REGISTERED NUMBER: 04786139 (England and Wales)

Financial Statements

for the Year Ended 28 February 2025

for

Vinyl Factory Productions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

T J Robinson

REGISTERED OFFICE:

15 Newland

Lincoln

Lincolnshire

LN1 1XG

REGISTERED NUMBER:

04786139 (England and Wales)

AUDITORS:

Wright Vigar Limited

Statutory Auditors

Chartered Accountants & Business Advisers

15 Newland

Lincoln

Lincolnshire

LN1 1XG

FIXED ASSETS

Intangible assets

4

1,022

3,254

Tangible assets

5

648

809

1,670

4,063

CURRENT ASSETS

Stocks

6

1,379,002

1,065,537

Debtors

7

14,031

20,228

Cash at bank and in hand

2,713

3,402

1,395,746

1,089,167

CREDITORS

Amounts falling due within one year

8

57,867

70,829

NET CURRENT ASSETS

1,337,879

1,018,338

TOTAL ASSETS LESS CURRENT LIABILITIES

1,339,549

1,022,401

CREDITORS

Amounts falling due after more than one year

9

3,313,697

3,113,833

NET LIABILITIES

(1,974,148

)

(2,091,432

)

CAPITAL AND RESERVES

Called up share capital

10

1

1

Retained earnings

11

(1,974,149

)

(2,091,433

)

SHAREHOLDERS' FUNDS

(1,974,148

)

(2,091,432

)

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 Productions 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.

At the year end liabilities exceeded assets by £1,974,148 (2024: £2,091,432) Included within creditors are amounts owing to related parties of £3,306,662 (2024: £3,096,468), and the company receives the financial support of its parent company. On this basis the directors consider it appropriate to prepare the financial statements on a going concern basis.

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.

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 are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

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

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

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 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 March 2024

and 28 February 2025

77,203

AMORTISATION

At 1 March 2024

73,949

Charge for year

2,232

At 28 February 2025

76,181

NET BOOK VALUE

At 28 February 2025

1,022

At 29 February 2024

3,254

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 March 2024

and 28 February 2025

7,700

910

8,610

DEPRECIATION

At 1 March 2024

7,428

373

7,801

Charge for year

54

107

161

At 28 February 2025

7,482

480

7,962

NET BOOK VALUE

At 28 February 2025

218

430

648

At 29 February 2024

272

537

809

6.

STOCKS

2025

2024

£

£

Work-in-progress

26,810

15,722

Finished goods

1,352,192

1,049,815

1,379,002

1,065,537

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

6,757

19,260

Other debtors

7,274

968

14,031

20,228

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,332

10,080

Trade creditors

26,233

39,122

Taxation and social security

7,221

3,137

Other creditors

14,081

18,490

57,867

70,829

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

7,036

17,365

Amounts owed to group undertakings

3,306,661

3,096,468

3,313,697

3,113,833

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1

Ordinary

£1

1

1

11.

RESERVES

Retained

earnings

£

At 1 March 2024

(2,091,433

)

Profit for the year

117,284

At 28 February 2025

(1,974,149

)

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

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Due to a limitation of scope we have been unable to audit opening stock amounting to £1,065,537 and the closing stock of £1,379,002 included in these financial statements.

Paul Colcomb FCCA (Senior Statutory Auditor)

for and on behalf of Wright Vigar Limited

13.	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.

14.	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.