Pinks Vintage Limited Small abbreviated accounts

PINKS VINTAGE LIMITED - Company Information

FY Private Limited Company Company accounts 2017-06-21 2017-06-21 false true false false false false false false false false false false true true 2015-07-01 true xbrli:pure xbrli:shares iso4217:GBP 09104501 2015-07-01 2016-06-30 09104501 2016-06-30 09104501 2015-06-30 09104501 2015-06-30 09104501 uk-gaap:PlantMachinery 2015-07-01 2016-06-30 09104501 uk-gaap:MotorVehicles 2015-07-01 2016-06-30 09104501 uk-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 09104501 uk-bus:Director1 2015-07-01 2016-06-30 09104501 uk-gaap:AllSubsidiaries 2015-07-01 2016-06-30 09104501 uk-bus:OrdinaryShareClass1 2016-06-30 09104501 uk-bus:OrdinaryShareClass1 2015-06-30 09104501 uk-lang:English 2015-07-01 2016-06-30 09104501 uk-curr:PoundSterling 2015-07-01 2016-06-30

Company Registration Number 09104501

Pinks Vintage Limited

Unaudited Abbreviated Accounts

30 June 2016

Pinks Vintage Limited

Abbreviated Balance Sheet

30 June 2016

	2016		2015
Note	£	£	£

Fixed Assets	2
Tangible assets		36,224	11,100
		--------	--------

Current Assets

Stocks	410		-
Cash at bank and in hand	18,088		14,767
	--------		--------
	18,498		14,767
Creditors: Amounts Falling due Within One Year	( 69,433)		( 34,272)
	--------		--------
Net Current Liabilities		( 50,935)	( 19,505)

	--------	--------
Total Assets Less Current Liabilities	( 14,711)	( 8,405)

Creditors: Amounts Falling due after More than One Year		( 1,672)	-

		--------	-------
		( 16,383)	( 8,405)
		--------	-------

Capital and Reserves

Called up equity share capital	3	20	20
Profit and loss account		( 16,403)	( 8,425)
		--------	-------
Deficit		( 16,383)	( 8,405)
		--------	-------

For the year ended 30th June 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These abbreviated accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime.

These abbreviated accounts were approved by the directors and authorised for issue on 15 June 2017 , and are signed on their behalf by:

K G Alston Director

Company Registration Number: 09104501

Pinks Vintage Limited

Notes to the Abbreviated Accounts

Year Ended 30th June 2016

1. Accounting Policies

Basis of Accounting

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

The turnover shown in the profit and loss account represents amounts invoiced during the year.

Fixed Assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Plant & Machinery - 25% reducing balance basis per annum

Motor Vehicles - 25% reducing balance basis per annum

Stocks

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

Operating Lease Agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Going Concern

The company is dependent on the support of its directors, in its ability to continue as a going concern. The directors have provided the company with a loan without any formal repayment terms. The directors have confirmed that the loan will not be repaid until the company has sufficient funds in place to do so, on this basis the directors consider that it is appropriate for the financial statements to be prepared on a going concern basis.

2. Fixed Assets

	Tangible Assets
	£

Cost

At 1st July 2015	14,800
Additions	37,200
	--------
At 30th June 2016	52,000
	--------

Depreciation

At 1st July 2015	3,700
Charge for year	12,076
	--------
At 30th June 2016	15,776
	--------

Net Book Value

At 30th June 2016	36,224
	--------

At 30th June 2015	11,100
	--------

3. Share Capital

Allotted, called up and fully paid:

2016		2015
No.	£	No.	£

Ordinary shares of £ 1 each	20	20	20	20
	----	----	----	----