| Northern Vinyl Distribution Ltd |
| Registered number: |
06356653 |
| Balance Sheet |
| as at 31 August 2019 |
|
| Notes |
|
|
2019 |
|
|
2018 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
361 |
|
|
425 |
| Investments |
|
|
|
1 |
|
|
1 |
|
|
|
|
362 |
|
|
426 |
|
| Current assets |
| Stocks |
|
|
18,658 |
|
|
22,757 |
| Debtors |
3 |
|
41,834 |
|
|
25,884 |
| Cash at bank and in hand |
|
|
2,151 |
|
|
18,045 |
|
|
|
62,643 |
|
|
66,686 |
|
| Creditors: amounts falling due within one year |
4 |
|
(3,940) |
|
|
(6,841) |
|
| Net current assets |
|
|
|
58,703 |
|
|
59,845 |
|
| Net assets |
|
|
|
59,065 |
|
|
60,271 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
50 |
|
|
50 |
| Capital Redemption reserve |
5 |
|
|
50 |
|
|
50 |
| Profit and loss account |
|
|
|
58,965 |
|
|
60,171 |
|
| Shareholders' funds |
|
|
|
59,065 |
|
|
60,271 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| A D Wormald |
| Director |
| Approved by the board on 28 February 2020 |
|
| Northern Vinyl Distribution Ltd |
| Notes to the Accounts |
| for the year ended 31 August 2019 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
| 2 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Fixtures and Fittings |
| £ |
|
Cost |
|
At 1 September 2018 |
500 |
|
At 31 August 2019 |
500 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 September 2018 |
75 |
|
Charge for the year |
64 |
|
At 31 August 2019 |
139 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2019 |
361 |
|
At 31 August 2018 |
425 |
|
|
| 3 |
Debtors |
2019 |
|
2018 |
| £ |
£ |
|
|
Trade debtors |
2,292 |
|
7,566 |
|
Prepayments |
|
|
|
|
1,140 |
|
- |
|
Bad Debt Provision |
|
|
|
|
(682) |
|
(682) |
|
Lamifoil Loan |
39,084 |
|
19,000 |
|
|
|
|
|
|
41,834 |
|
25,884 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Creditors: amounts falling due within one year |
2019 |
|
2018 |
| £ |
£ |
|
|
Trade creditors |
2,637 |
|
3,769 |
|
VAT |
3 |
|
1,772 |
|
Accruals |
1,400 |
|
1,400 |
|
Director's Current Account |
(100) |
|
(100) |
|
|
|
|
|
|
3,940 |
|
6,841 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Capital Redemption reserve |
2019 |
|
2018 |
| £ |
£ |
|
|
At 1 September 2018 |
50 |
|
50 |
|
|
At 31 August 2019 |
50 |
|
50 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Related party transactions |
|
|
A D Wormald is a director of Northern Vinyl Distribution Ltd and Lamifoil Ltd. Management charge payable to Lamifoil Ltd was £466 (2018 £1604). At the balance sheet date the amount due to Lamifoil Ltd was £80 (2018 £72). In addition there is a loan of £39084 (2018 £19000) outstanding from Lamifoil Ltd along with a sales ledger balance of £562 (2018 £2400). Intereest received on the loan to Lamifoil was £1493 (2018 £834) |
|
|
| 7 |
Controlling party |
|
|
The company is controlled by A D Wormald who owns 100% of the company shares |
|
|
| 8 |
Other information |
|
|
Northern Vinyl Distribution Ltd is a private company limited by shares and incorporated in England. Its registered office is: |
|
48 Mallinson Oval |
|
Harrogate |
|
HG2 9HJ |
