Vintage Bargains Ltd - Abbreviated accounts

Vintage Bargains Ltd - Abbreviated accounts


Registered number
04372806
Vintage Bargains Ltd
Abbreviated Accounts
28 February 2016
Vintage Bargains Ltd
Report to the directors on the preparation of the unaudited abbreviated accounts of Vintage Bargains Ltd for the year ended 28 February 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Vintage Bargains Ltd for the year ended 28 February 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
18 April 2016
Vintage Bargains Ltd
Registered number: 04372806
Abbreviated Balance Sheet
as at 28 February 2016
Notes 2016 2015
£ £
Current assets
Stocks 2,020 2,020
Creditors: amounts falling due within one year (1,865) (1,865)
Net current assets 155 155
Net assets 155 155
Capital and reserves
Called up share capital 2 4 4
Profit and loss account 151 151
Shareholders' funds 155 155
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 in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
Mr H Mozzi
Director
Approved by the board on 18 April 2016
Vintage Bargains Ltd
Notes to the Abbreviated Accounts
for the year ended 28 February 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Stocks
Stock is valued at the lower of cost and net realisable value.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
2 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 4 4 4
Vintage Bargains Ltd 04372806 false true 2015-03-01 2016-02-28 2016-02-28 Mr H Mozzi 04372806 uk-bus:OrdinaryShareClass1 2015-02-28 04372806 2015-03-01 2016-02-28 04372806 uk-bus:Director40 2015-03-01 2016-02-28 04372806 uk-bus:OrdinaryShareClass1 2015-03-01 2016-02-28 04372806 2016-02-28 04372806 uk-bus:OrdinaryShareClass1 2016-02-28 04372806 2015-02-28 iso4217:GBP xbrli:shares