for the Period Ended 31 March 2023
Company Information - 3 | |
Report of the Directors - 4 | |
Profit and Loss Account - 5 | |
Balance sheet - 6 | |
Footnotes to the Balance Sheet - 8 |
for the Period Ended 31 March 2023
Director: |
|
|
|
||
Registered office: |
England |
|
Company Registration Number: |
|
|
The directors present their report with the financial statements of the company for the period ended 31 March 2023
Principal Activities
Additional information
Projected revenues from sales have, by a considerable margin, remained unable to meet the originally planned expectations. This is wholly due the devastating impact of UK Government economic management effectively removing available funds from our target demographic customer base (vintage toys are a lifestyle purchase, reliant on the availability of disposable income) and meaning that sales are still proving hard to secure. As a result, the company gave up its Blackpool shop lease in June 2022 and is now an online sales outlet only. Going forward, unless this compromised consumer spending power and the dire UK economic situation is reversed, the overall outlook for our trading success and survival in the 2023/2024 financial period remains bleak and the viability of this business is increasingly looking unsustainable.
Directors
The directors shown below have held office during the whole of the period from 01 April 2022 to 31 March 2023
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
for the Period Ended 31 March 2023
2023 £ |
2022 £ |
|
---|---|---|
Turnover |
|
|
Income from coronavirus (COVID-19) business support grants | 0 | 2,667 |
Other Income |
|
|
Cost of Materials |
(
|
(
|
Staff Costs |
(
|
(
|
Depreciation and Writeoffs |
(
|
(
|
Other charges |
(
|
(
|
Tax on Profit |
(
|
(
|
Profit or (Loss) for Period |
(
|
(
|
As at
2023 £ |
2022 £ |
|
---|---|---|
Called up share capital not paid: |
|
|
Current assets: |
|
|
Net current assets (liabilities): |
|
|
Total assets less current liabilities: |
|
|
Total net assets (liabilities): |
|
|
Capital and reserves: |
|
|
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 March 2023
for the Period Ended 31 March 2023