Vintage Football Shirts Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06632330 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30TH JUNE 2016

FOR

VINTAGE FOOTBALL SHIRTS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

T W Jones

E W Jones

REGISTERED OFFICE:

35 Tattersall Stables

Wynnstay Hall Estate

Ruabon

Wrexham

LL14 6LB

REGISTERED NUMBER:

06632330 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25 Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

Barclays Bank plc

51-52 Hope Street

Wrexham

LL11 1BB

FIXED ASSETS

Tangible assets

2

4,021

5,996

CURRENT ASSETS

Stocks

110,000

80,000

Debtors

1,375

2,918

Cash at bank

15,941

5,540

127,316

88,458

CREDITORS

Amounts falling due within one year

3

79,081

57,482

NET CURRENT ASSETS

48,235

30,976

TOTAL ASSETS LESS CURRENT
LIABILITIES

52,256

36,972

CREDITORS

Amounts falling due after more than one
year

3

(9,713

)

(13,743

)

PROVISIONS FOR LIABILITIES

(682

)

(1,050

)

NET ASSETS

41,861

22,179

CAPITAL AND RESERVES

Called up share capital

4

1,000

Profit and loss account

40,861

21,179

SHAREHOLDERS' FUNDS

41,861

22,179

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 30th March 2017 and were signed on its behalf
by:

T W Jones - 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.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

20% on cost

Computer equipment

-

33% on cost

Stocks

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

moving items.

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st July 2015

14,305

Additions

633

At 30th June 2016

14,938

DEPRECIATION

At 1st July 2015

8,309

Charge for year

2,608

At 30th June 2016

10,917

NET BOOK VALUE

At 30th June 2016

4,021

At 30th June 2015

5,996

3.

CREDITORS

Creditors include an amount of £ 13,648 (30.6.15 - £ 17,201 ) for which security has been given.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.16

30.6.15

value:

£

1,000

Ordinary

£1

1,000