VINTAGE LIVING & LIFESTYLE LIMITED




Company Registration Number:
08428007 (England and Wales)



Abbreviated (Unaudited) Accounts



Period of accounts


Start date: 01st April 2014

End date: 31st March 2015

SUBMITTED

VINTAGE LIVING & LIFESTYLE LIMITED

Company Information
for the Period Ended
31st March 2015




Director: Richard Hubbard
Registered office: Samara House The Spinney
Basset
Southampton
Hampshire
SO16 7FW
Company Registration Number: 08428007 (England and Wales)

VINTAGE LIVING & LIFESTYLE LIMITED

Abbreviated Balance sheet
As at 31st March 2015

Notes 2015
£
2014
£
Fixed assets
Tangible assets: 2 486 129
Total fixed assets: 486 129
Current assets
Stocks: 13,419 23,269
Debtors: 70 -
Cash at bank and in hand: 4,596 9,509
Total current assets: 18,085 32,778
Creditors
Creditors: amounts falling due within one year 4 1,204 20,715
Net current assets (liabilities): 16,881 12,063
Total assets less current liabilities: 17,367 12,192
Total net assets (liabilities): 17,367 12,192

The notes form part of these financial statements

VINTAGE LIVING & LIFESTYLE LIMITED

Abbreviated Balance sheet
As at 31st March 2015
continued

Notes 2015
£
2014
£
Capital and reserves
Called up share capital: 5 4 4
Profit and Loss account: 17,363 12,188
Total shareholders funds: 17,367 12,192

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).

The financial statements were approved by the Board of Directors on 19 May 2015

SIGNED ON BEHALF OF THE BOARD BY:

Name: Richard Hubbard
Status: Director

The notes form part of these financial statements

VINTAGE LIVING & LIFESTYLE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
31st March 2015

  • 1. Accounting policies

    Basis of measurement and preparation of accounts

    The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

    Turnover policy

    The turnover shown in the profit and loss account represents the value of revenue earned during the period. The business was not registered for VAT in the period being reported.

    Tangible fixed assets depreciation policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life as follows: Fixtures and fittings – 10% on cost

    Valuation information and policy

    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.

VINTAGE LIVING & LIFESTYLE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
31st March 2015

  • 2. Tangible assets

    Total
    Cost £
    At 01st April 2014: 143
    Additions: 412
    At 31st March 2015: 555
    Depreciation
    At 01st April 2014: 14
    Charge for year: 55
    At 31st March 2015: 69
    Net book value
    At 31st March 2015: 486
    At 31st March 2014: 129

VINTAGE LIVING & LIFESTYLE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
31st March 2015

  • 4. Creditors: amounts falling due within one year

    2015
    £
    2014
    £
    Taxation and social security: 1,204 3,015
    Other creditors: - 17,700
    Total: 1,204 20,715

VINTAGE LIVING & LIFESTYLE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
31st March 2015

  • 5. Called up share capital

    Allotted, called up and paid

    Previous period 2014
    Class Number of shares Nominal value per share Total
    Ordinary shares: 4 1.00
    1.00
    4
    Total share capital: 4
    Current period 2015
    Class Number of shares Nominal value per share Total
    Ordinary shares: 4 1.00
    1.00
    4
    Total share capital: 4

VINTAGE LIVING & LIFESTYLE LIMITED

Notes to the Abbreviated Accounts
for the Period Ended
31st March 2015

  • 7. Related party disclosures

    Name of the ultimate controlling party during the period: The company was under the control of Mr Richard Hubbard throughout the year, by virtue of the fact that he held the majority (75%) of the issued share capital.
    Name of related party: Richard Hubbard
    Relationship: Director
    Description of the transaction: Loan
    Balance at 01st April 2014 17,700
    Balance at 31st March 2015 0

    During the year the company was able to repay the full amount owed to the director as a result of a profitable trading year.


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