VIN-X Limited - Accounts to registrar (filleted) - small 18.2

VIN-X Limited - Accounts to registrar (filleted) - small 18.2

VIN-X LIMITED - Company Information

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REGISTERED NUMBER: 02402428 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

VIN-X LIMITED
VIN-X LIMITED (REGISTERED NUMBER: 02402428)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VIN-X LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2018







DIRECTORS: P. R. Shakeshaft
A S Healey





REGISTERED OFFICE: 4-10 Barttelot Road
Horsham
West Sussex
RH12 1DQ





REGISTERED NUMBER: 02402428 (England and Wales)





ACCOUNTANTS: D A CLARK & CO. LTD.
Bailey House
4-10 Barttelot Road
Horsham
West Sussex
RH12 1DQ
Page 1
VIN-X LIMITED (REGISTERED NUMBER: 02402428)

BALANCE SHEET
31 MARCH 2018

31.3.18 31.3.17
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 1,535 2,047

CURRENT ASSETS
Stocks 4 213,656 176,747
Debtors 5 850,576 446,203
Cash at bank and in hand 96,029 191,109
1,160,261 814,059
CREDITORS
Amounts falling due within one year 6 1,005,588 702,519
NET CURRENT ASSETS 154,673 111,540
TOTAL ASSETS LESS CURRENT
LIABILITIES
156,208
113,587

CAPITAL AND RESERVES
Called up share capital 150,015 150,015
Retained earnings 6,193 (36,428 )
SHAREHOLDERS' FUNDS 156,208 113,587

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 January 2019 and were signed on its behalf by:





P. R. Shakeshaft - Director


The notes form part of these financial statements

Page 2
VIN-X LIMITED (REGISTERED NUMBER: 02402428)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2018

1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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 reducing balance

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2017 - 19 ) .

3. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 April 2017 33,000
Disposals (20,000 )
At 31 March 2018 13,000
DEPRECIATION
At 1 April 2017 30,953
Charge for year 512
Eliminated on disposal (20,000 )
At 31 March 2018 11,465
NET BOOK VALUE
At 31 March 2018 1,535
At 31 March 2017 2,047

Page 3 continued...
VIN-X LIMITED (REGISTERED NUMBER: 02402428)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2018

4. STOCKS
31.3.18 31.3.17
£    £   
Finished goods 213,656 176,747

5. DEBTORS
31.3.18 31.3.17
£    £   
Amounts falling due within one year:
Trade debtors 425,400 397,756
Other debtors 26,914 40,074
Prepayments 22,224 8,373
474,538 446,203

Amounts falling due after more than one year:
Amounts owed by group undertakings 376,038 -

Aggregate amounts 850,576 446,203

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.18 31.3.17
£    £   
Payments on account 233,521 -
Trade creditors 543,050 492,328
Tax 32,830 24,361
Social security and other taxes 2,265 29,455
VAT 10,099 7,507
Other creditors 59,483 67,842
Directors' current accounts 10,329 23,344
Accrued expenses 114,011 57,682
1,005,588 702,519

7. ULTIMATE CONTROLLING PARTY

The controlling party is P. R. Shakeshaft.

Page 4