Company Registration No. 05268237 (England and Wales)
Vintage Cowboy Ltd
Unaudited accounts
for the year ended 31 December 2019
Vintage Cowboy Ltd
Unaudited accounts
Contents
Vintage Cowboy Ltd
Company Information
for the year ended 31 December 2019
Director
Paul Jerome O'Hea
Secretary
Emma Mary Goldsmith
Company Number
05268237 (England and Wales)
Registered Office
Tor Hatch
Sandy Lane
Shere
Guildford
GU5 9QL
Accountants
Mad About Book-Keeping Limited
Wolfe Mead
Farnham Road
Bordon
Hampshire
GU35 0NH
Vintage Cowboy Ltd
Statement of financial position
as at
31 December 2019
Tangible assets
2,800
3,397
Inventories
15,000
15,000
Cash at bank and in hand
237
1,087
Creditors: amounts falling due within one year
(656,955)
(660,763)
Net current liabilities
(641,718)
(644,676)
Net liabilities
(638,918)
(641,279)
Called up share capital
2
2
Profit and loss account
(638,920)
(641,281)
Shareholders' funds
(638,918)
(641,279)
For the year ending 31 December 2019 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 8 January 2021 and were signed on its behalf by
Paul Jerome O'Hea
Director
Company Registration No. 05268237
Vintage Cowboy Ltd
Notes to the Accounts
for the year ended 31 December 2019
Vintage Cowboy Ltd is a private company, limited by shares, registered in England and Wales, registration number 05268237. The registered office is Tor Hatch, Sandy Lane, Shere, Guildford, GU5 9QL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% reducing balance
Plant & machinery
20% straight line
Motor vehicles
25% straight line
Computer equipment
25% straight line
The director has advised that he will not look to withdraw his loan account for the foreseeable future and will continue to offer ongoing financial support to the company.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Turnover is recognised as the right to consideration arises and adjustments are made for accrued and deferred income.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Material deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Vintage Cowboy Ltd
Notes to the Accounts
for the year ended 31 December 2019
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2019
5,759
9,508
3,908
1,286
20,461
At 31 December 2019
5,759
9,508
3,908
1,286
20,461
At 1 January 2019
3,005
9,508
3,908
643
17,064
Charge for the year
275
-
-
322
597
At 31 December 2019
3,280
9,508
3,908
965
17,661
At 31 December 2019
2,479
-
-
321
2,800
At 31 December 2018
2,754
-
-
643
3,397
Finished goods
15,000
15,000
6
Creditors: amounts falling due within one year
2019
2018
Loans from directors
655,755
653,989
7
Average number of employees
During the year the average number of employees was 0 (2018: 0).