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Company Registration No. 12416176 (England and Wales)
Love N Vape Ltd Unaudited accounts for the year ended 31 December 2021
Love N Vape Ltd Unaudited accounts Contents
Page
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Love N Vape Ltd Company Information for the year ended 31 December 2021
Director
Ihtisham Hussain
Company Number
12416176 (England and Wales)
Registered Office
27-28 Baxter Gate Doncaster DN1 1LD
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Love N Vape Ltd Statement of financial position as at 31 December 2021
2021 
2020 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,284 
6,414 
Current assets
Inventories
37,550 
25,250 
Debtors
- 
1,906 
Cash at bank and in hand
16,020 
10,358 
53,570 
37,514 
Creditors: amounts falling due within one year
(20,131)
(1,193)
Net current assets
33,439 
36,321 
Total assets less current liabilities
38,723 
42,735 
Creditors: amounts falling due after more than one year
(24,500)
(30,000)
Net assets
14,223 
12,735 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
14,123 
12,635 
Shareholders' funds
14,223 
12,735 
For the year ending 31 December 2021 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 5 September 2022 and were signed on its behalf by
Ihtisham Hussain Director Company Registration No. 12416176
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Love N Vape Ltd Notes to the Accounts for the year ended 31 December 2021
1
Statutory information
Love N Vape Ltd is a private company, limited by shares, registered in England and Wales, registration number 12416176. The registered office is 27-28 Baxter Gate, Doncaster, DN1 1LD.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Fixtures & fittings
15%
Computer equipment
15%
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2021
6,778 
766 
7,544 
At 31 December 2021
6,778 
766 
7,544 
Depreciation
At 1 January 2021
1,016 
114 
1,130 
Charge for the year
1,016 
114 
1,130 
At 31 December 2021
2,032 
228 
2,260 
Net book value
At 31 December 2021
4,746 
538 
5,284 
At 31 December 2020
5,762 
652 
6,414 
5
Debtors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
- 
1,906 
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Love N Vape Ltd Notes to the Accounts for the year ended 31 December 2021
6
Creditors: amounts falling due within one year
2021 
2020 
£ 
£ 
VAT
2,422 
- 
Trade creditors
16,250 
- 
Taxes and social security
459 
1,193 
Other creditors
1,000 
- 
20,131 
1,193 
7
Creditors: amounts falling due after more than one year
2021 
2020 
£ 
£ 
Bank loans
19,500 
25,000 
Loans from directors
5,000 
5,000 
24,500 
30,000 
8
Average number of employees
During the year the average number of employees was 3 (2020: 3).
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