Abbreviated Company Accounts - POPVINTAGE LIMITED

POPVINTAGE LIMITED - Company Information

SC303221 POPVINTAGE LIMITED 2013-11-27 false 2012-11-29 2013-11-27 true SC303221 2012-11-29 2013-11-27 SC303221 2013-11-27 SC303221 2012-11-28 SC303221 uk-gaap-cd-bus:Director1 2012-11-29 2013-11-27 SC303221 uk-gaap-cd-bus:Director2 2012-11-29 2013-11-27 uk-gaap-cd-bus:Director3 2012-11-29 2013-11-27 uk-gaap-cd-bus:Director3 2013-11-27 uk-gaap-cd-bus:Director3 2012-11-28 uk-gaap-cd-bus:Director4 2012-11-29 2013-11-27 uk-gaap-cd-bus:Director4 2013-11-27 uk-gaap-cd-bus:Director4 2012-11-28 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-29 2013-11-27 uk-gaap-cd-bus:OrdinaryShareClass1 2013-11-27 uk-gaap-cd-bus:OrdinaryShareClass1 2012-11-28 iso4217:GBP shares

Registered Number SC303221

POPVINTAGE LIMITED

Abbreviated Accounts

27 November 2013

POPVINTAGE LIMITED Registered Number SC303221

Abbreviated Balance Sheet as at 27 November 2013

	Notes	2013	2012
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets	2	38,651	26,224
Investments		-	-
		38,651	26,224
Current assets
Stocks		2,750	2,600
Debtors		3,018	8,438
Investments		-	-
Cash at bank and in hand		8,076	11,746
		13,844	22,784
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(48,044)	(45,194)
Net current assets (liabilities)		(34,200)	(22,410)
Total assets less current liabilities		4,451	3,814
Creditors: amounts falling due after more than one year		0	0
Provisions for liabilities		(4,204)	(1,345)
Accruals and deferred income		0	0
Total net assets (liabilities)		247	2,469
Capital and reserves
Called up share capital	3	100	100
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		147	2,369
Shareholders' funds		247	2,469

For the year ending 27 November 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 November 2014

And signed on their behalf by:
C Waldron, Director

POPVINTAGE LIMITED Registered Number SC303221

Notes to the Abbreviated Accounts for the period ended 27 November 2013

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

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

Tangible assets depreciation policy
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings - in accordance with the property
Plant and machinery etc - 25% on reducing balance, 25% on cost and 15% on reducing balance.

Other accounting policies
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 where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profit and its results as stated in the financial statements that arise from the inclusion of gains or losses in tax assessments in periods different from those in which they are recognised in the financial statements.

A net deferred tax asset is regarded as recoverable and therefore recognised only to the extent that, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on a non-discount basis.

2Tangible fixed assets

	£
Cost
At 29 November 2012	48,986
Additions	20,781
Disposals	0
Revaluations	0
Transfers	0
At 27 November 2013	69,767
Depreciation
At 29 November 2012	22,762
Charge for the year	8,354
On disposals	-
At 27 November 2013	31,116
Net book values
At 27 November 2013	38,651
At 28 November 2012	26,224

3Called Up Share Capital
Allotted, called up and fully paid:

	2013 £	2012 £
100 Ordinary shares of £1 each	100	100

4Transactions with directors

Name of director receiving advance or credit:	C Waldron
Description of the transaction:	Loans
Balance at 29 November 2012:	£ 4,007
Advances or credits made:	£ 14,753
Advances or credits repaid:	£ 17,500
Balance at 27 November 2013:	£ 1,260

Name of director receiving advance or credit:	R Minerva-Crolla
Description of the transaction:	Loans
Balance at 29 November 2012:	£ 4,008
Advances or credits made:	£ 14,752
Advances or credits repaid:	£ 17,500
Balance at 27 November 2013:	£ 1,260

The opening loans were repaid on 6 April 2013.

The closing loans were repaid during the current financial year.

Beneficial loan interest of £100 has been charged in the accounts.