Vintage Cowboy Ltd
|
Registered number: |
05268237
|
Abbreviated Balance Sheet |
as at 31 December 2015
|
|
Notes |
|
|
2015 |
|
|
2014 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
3,778 |
|
|
5,986 |
|
Current assets |
Stocks |
|
|
43,365 |
|
|
39,332 |
Debtors |
|
|
255 |
|
|
- |
Cash at bank and in hand |
|
|
494 |
|
|
3,468 |
|
|
|
44,114 |
|
|
42,800 |
|
Creditors: amounts falling due within one year |
|
|
(2,927) |
|
|
(4,454) |
|
Net current assets |
|
|
|
41,187 |
|
|
38,346 |
|
Total assets less current liabilities |
|
|
|
44,965 |
|
|
44,332 |
|
Creditors: amounts falling due after more than one year |
|
|
|
(615,676) |
|
|
(593,702) |
|
|
|
Net liabilities |
|
|
|
(570,711) |
|
|
(549,370) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
2 |
|
|
2 |
Profit and loss account |
|
|
|
(570,713) |
|
|
(549,372) |
|
Shareholders' funds |
|
|
|
(570,711) |
|
|
(549,370) |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
P O'Hea |
Director |
Approved by the board on 30 September 2016
|
|
Vintage Cowboy Ltd
|
Notes to the Abbreviated Accounts |
for the year ended 31 December 2015
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
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 |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% straight line
|
|
Motor vehicles |
25% straight line
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 January 2015 |
19,175 |
|
At 31 December 2015 |
19,175 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2015 |
13,189 |
|
Charge for the year |
2,208 |
|
At 31 December 2015 |
15,397 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2015 |
3,778 |
|
At 31 December 2014 |
5,986 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|