Vinylex Systems Limited - Accounts to registrar (filleted) - small 18.1

Vinylex Systems Limited - Accounts to registrar (filleted) - small 18.1

VINYLEX SYSTEMS LIMITED - Company Information

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REGISTERED NUMBER: 06711432 (England and Wales)








VINYLEX SYSTEMS LIMITED

Unaudited Financial Statements

For The Year Ended 29 September 2017





VINYLEX SYSTEMS LIMITED (REGISTERED NUMBER: 06711432)

Contents of the Financial Statements
For The Year Ended 29 September 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VINYLEX SYSTEMS LIMITED

Company Information
For The Year Ended 29 September 2017







DIRECTORS: S P Barker
J P Bates
Mrs R J Barker
Mrs T A Bates





SECRETARY: S P Barker





REGISTERED OFFICE: 1 - 5 Nelson Street
Southend on Sea
Essex
SS1 1EG





REGISTERED NUMBER: 06711432 (England and Wales)
Page 1
VINYLEX SYSTEMS LIMITED (REGISTERED NUMBER: 06711432)

Balance Sheet
29 September 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,577 19,278

CURRENT ASSETS
Debtors 5 26,400 36,000
Cash at bank 3,958 6,726
30,358 42,726
CREDITORS
Amounts falling due within one year 6 46,567 61,650
NET CURRENT LIABILITIES (16,209 ) (18,924 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
368
354

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 268 254
SHAREHOLDERS' FUNDS 368 354

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 2017 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 28 June 2018 and were signed on its behalf by:





S P Barker - Director


The notes form part of these financial statements

Page 2
VINYLEX SYSTEMS LIMITED (REGISTERED NUMBER: 06711432)

Notes to the Financial Statements
For The Year Ended 29 September 2017


1. STATUTORY INFORMATION

Vinylex Systems Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. 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.

In the opinion of the directors, it remains appropriate to continue to adopt the going concern basis of accounting.

First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A
These financial statements for the year ended 29 September 2017 are the first that are prepared in accordance
with FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the
date of transition to FRS 102 Section 1A is 1 October 2015.

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 etc - 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Page 3 continued...
VINYLEX SYSTEMS LIMITED (REGISTERED NUMBER: 06711432)

Notes to the Financial Statements - continued
For The Year Ended 29 September 2017


2. ACCOUNTING POLICIES - continued

Trade and other receivables
Trade and other receivables are measured at transaction price less any impairment unless the arrangement
constitutes a financing transaction in which case the transaction is measured at the present value of the future
receipts discounted at the prevailing market rate of interest . Loans are initially measured at fair value and are
subsequently measured at amortised cost using the effective interest method less any impairment.

Trade and other payables
Trade and other payables are measured at their transaction price unless the arrangement constitutes a financing
transaction in which case the transaction is measured at present value of future payments discounted at prevailing
market rate of interest. Other financial liabilities are initially measured at fair value net of their transaction costs.
They are subsequently measured at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 September 2016
and 29 September 2017 40,750
DEPRECIATION
At 30 September 2016 21,472
Charge for year 2,701
At 29 September 2017 24,173
NET BOOK VALUE
At 29 September 2017 16,577
At 29 September 2016 19,278

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 26,400 36,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 34,200 37,800
Taxation and social security 8,233 6,548
Other creditors 4,134 17,302
46,567 61,650

Page 4