Private Limited CompanyCompany accountstrue1 April 2015FYtruetruefalsetruetruefalsexbrli:purexbrli:sharesiso4217:GBP84280072015-03-312016-03-3184280072016-03-3184280072015-03-318428007uk-bus:Director12015-03-312016-03-3184280072015-04-018428007uk-bus:OrdinaryShareClass12015-03-312016-03-318428007uk-bus:OrdinaryShareClass12014-03-312015-03-318428007uk-bus:OrdinaryShareClass12016-03-318428007uk-bus:OrdinaryShareClass12015-03-31
Company registration number:
8428007
Vintage Living & Lifestyle Ltd
Abbreviated Financial Statements
for the year ended
31 March 2016
Vintage Living & Lifestyle Ltd
Abbreviated Balance Sheet
31 March 2016
2016 2015
Note £ £
Fixed assets    
Tangible assets # -  
486
 
Current assets    
Stocks -  
13,419
 
Debtors #
4
 
70
 
Cash at bank and in hand -  
4,596
 
4
 
18,085
 
Creditors: amounts falling due within one year # -  
(1,204
)
Net current assets
4
 
16,881
 
Total assets less current liabilities
4
 
17,367
 
Capital and reserves    
Called up share capital #
4
 
4
 
Profit and loss account -  
17,363
 
Shareholders funds
4
 
17,367
 
For the year ending
31 March 2016
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
These abbreviated financial statements were approved by the board of directors and authorised for issue on
18 May 2016
, and are signed on behalf of the board by:
Mr Richard Hubbard
Director
Company registration number:
8428007
Vintage Living & Lifestyle Ltd
Notes to the Abbreviated Accounts
Year ended
31 March 2016

Accounting policies

Basis of preparation

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

Turnover

Turnover represents amounts invoiced during the year, exclusive of Value Added Tax and trade discounts. Turnover is recognised when the seller obtains the right to consideration in exchange for its performance, usually on dispatch of the goods.

Current tax

Current tax is recognised in the profit and loss account, except to the extent that it is attributable to a gain or loss that has been recognised directly in the statement of total recognised gains or losses. In this case, tax is recognised in this statement. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings 10% straight line

Stocks

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

Financial instruments

Financial instruments are classified and accounted for according to the substance of contractual arrangements, as either financial assets, financial liabilities or equity instruments.

Operating leases

Leases are classified as operating leases where substantially all the benefits of ownerships remain with the lessor. Rentals payable under operating leases are charged to the profit and loss account on a straight-line basis over the lease term.

Tangible assets

£
Cost  
At
1 April 2015
555
 
Additions
1,358
 
Disposals
(1,913
)
At
31 March 2016
-  
Depreciation  
At
1 April 2015
69
 
Charge
191
 
Disposals
(260
)
At
31 March 2016
-  
Net book value  
At
31 March 2016
-  
At 31 March 2015
486
 

Debtors

Debtors include amounts of £​
4
(2015 - £​
70
) falling due after more than one year.

Called up share capital

Allotted, called up and fully paid

2016 2015
No. £ No. £
Ordinary Shares
shares of £​
1.00
each
4
 
4
 
4
 
4
 

Options

Monitor

  • Receive an alert email on changes to financial status
  • Early indications of liquidity problems
  • Warns when company reporting is overdue
  • Free service, no spam emails
Monitor Now

Please Help Us!

Was this document useful to you? Please Like our page. The more Likes we get, the more documents we can supply you free. Thanks.