VIN-X Limited - Accounts to registrar (filleted) - small 18.2

VIN-X Limited - Accounts to registrar (filleted) - small 18.2

VIN-X LIMITED - Company Information

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REGISTERED NUMBER: 02402428 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019

FOR

VIN-X LIMITED
VIN-X LIMITED (REGISTERED NUMBER: 02402428)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VIN-X LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2019







DIRECTORS: P. R. Shakeshaft
A S Healey





REGISTERED OFFICE: 4-10 Barttelot Road
Horsham
West Sussex
RH12 1DQ





REGISTERED NUMBER: 02402428 (England and Wales)





ACCOUNTANTS: D A CLARK & CO. LTD.
Bailey House
4-10 Barttelot Road
Horsham
West Sussex
RH12 1DQ
Page 1
VIN-X LIMITED (REGISTERED NUMBER: 02402428)

BALANCE SHEET
31 MARCH 2019

31.3.19 31.3.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,151 1,535

CURRENT ASSETS
Stocks 4 313,991 213,656
Debtors 5 817,678 850,576
Cash at bank and in hand 169,445 96,029
1,301,114 1,160,261
CREDITORS
Amounts falling due within one year 6 1,210,383 1,005,588
NET CURRENT ASSETS 90,731 154,673
TOTAL ASSETS LESS CURRENT
LIABILITIES
91,882
156,208

CAPITAL AND RESERVES
Called up share capital 150,015 150,015
Other reserves (81,232 ) -
Retained earnings 23,099 6,193
SHAREHOLDERS' FUNDS 91,882 156,208

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 by the Board of Directors on 23 January 2020 and were signed on its behalf by:





P. R. Shakeshaft - Director


The notes form part of these financial statements

Page 2
VIN-X LIMITED (REGISTERED NUMBER: 02402428)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2019

1. 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.

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

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 - 25% on reducing balance

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

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2018 - 21 ) .

3. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2018
and 31 March 2019 13,000
DEPRECIATION
At 1 April 2018 11,465
Charge for year 384
At 31 March 2019 11,849
NET BOOK VALUE
At 31 March 2019 1,151
At 31 March 2018 1,535

4. STOCKS
31.3.19 31.3.18
£    £   
Finished goods 313,991 213,656

Page 3 continued...
VIN-X LIMITED (REGISTERED NUMBER: 02402428)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2019

5. DEBTORS
31.3.19 31.3.18
£    £   
Amounts falling due within one year:
Trade debtors 714,479 425,400
Other debtors 83,862 26,914
VAT 12,954 -
Prepayments 6,383 22,224
817,678 474,538

Amounts falling due after more than one year:
Amounts owed by group undertakings - 376,038

Aggregate amounts 817,678 850,576

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.19 31.3.18
£    £   
Bank loans and overdrafts 9,325 -
Payments on account 499,342 233,521
Trade creditors 465,806 543,050
Tax 20,662 32,830
Social security and other taxes - 2,265
Pensions 773 -
VAT - 10,099
Other creditors 173,345 59,483
Directors' current accounts 20,780 10,329
Accrued expenses 20,350 114,011
1,210,383 1,005,588

7. ULTIMATE CONTROLLING PARTY

The controlling party is P. R. Shakeshaft.

Page 4