Vintage York Direct Limited - Limited company accounts 16.1

REGISTERED NUMBER: 07438073 (England and Wales)

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 December 2015

for

Vintage York Direct Limited

Page

Company Information

1

Report of the Director

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

6

DIRECTOR:

K R McLean

SECRETARY:

REGISTERED OFFICE:

BCL House

2 Pavilion Business Park

Royds Hall Road

LEEDS

West Yorkshire

LS12 6AJ

REGISTERED NUMBER:

07438073 (England and Wales)

ACCOUNTANTS:

BCL Accountants Ltd

BCL House

2 Pavilion Business Park

Royds Hall Road

LEEDS

LS12 6AJ

The director presents his report with the financial statements of the company for the year ended 31 December 2015.

DIRECTOR

K R McLean held office during the whole of the period from 1 January 2015 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small

companies.

ON BEHALF OF THE BOARD:

K R McLean - Director

26 September 2016

TURNOVER

2,963

6,686

Cost of sales

163

3,505

GROSS PROFIT

2,800

3,181

Administrative expenses

2,433

3,417

OPERATING PROFIT/(LOSS) and

PROFIT/(LOSS) ON ORDINARY
ACTIVITIES BEFORE TAXATION

2

367

(236

)

Tax on profit/(loss) on ordinary activities

3

-

PROFIT/(LOSS) FOR THE FINANCIAL
YEAR

367

(236

)

FIXED ASSETS

Tangible assets

4

-

165

CURRENT ASSETS

Debtors

5

7,302

7,953

CREDITORS

Amounts falling due within one year

6

10,358

11,640

NET CURRENT LIABILITIES

(3,056

)

(3,687

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,056

)

(3,522

)

CAPITAL AND RESERVES

Called up share capital

7

100

1

Profit and loss account

8

(3,156

)

(3,523

)

SHAREHOLDERS' FUNDS

(3,056

)

(3,522

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The financial statements were approved by the director on 26 September 2016 and were signed by:

K R McLean - Director

1.	ACCOUNTING POLICIES

Accounting convention

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

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	OPERATING PROFIT/(LOSS)

The operating profit (2014 - operating loss) is stated after charging:

31.12.15

31.12.14

£

Depreciation - owned assets

-

82

Loss on disposal of fixed assets

166

-

Director's remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

No liability to UK corporation tax arose on ordinary activities for the year ended 31 December 2015 nor for the

year ended 31 December 2014.

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 January 2015

415

Disposals

(415

)

At 31 December 2015

-

DEPRECIATION

At 1 January 2015

250

Eliminated on disposal

(250

)

At 31 December 2015

-

NET BOOK VALUE

At 31 December 2015

-

At 31 December 2014

165

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.15

31.12.14

£

Other debtors

7,302

7,953

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.15

31.12.14

£

Bank loans and overdrafts

4,959

4,606

Trade creditors

-

584

Other creditors

5,399

6,450

10,358

11,640

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

100

Ordinary

1

100

1

99 Ordinary shares of 1 each were allotted and fully paid for cash at par during the year.

8.

RESERVES

Profit

and loss

account

£

At 1 January 2015

(3,523

)

Profit for the year

367

At 31 December 2015

(3,156

)

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the Directors by virtue of their shareholdings.