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REGISTERED NUMBER: 10601365 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Sweet Vapes Ltd

Sweet Vapes Ltd (Registered number: 10601365)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sweet Vapes Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr M Butler
Mr G J Worrall





REGISTERED OFFICE: Unit 3 Palace Industrial Estate
Bircholt Road
Maidstone
ME15 9XU





REGISTERED NUMBER: 10601365 (England and Wales)





ACCOUNTANTS: Accsys Accountants Limited
Chartered Accountants
Trade Fair House
2 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Sweet Vapes Ltd (Registered number: 10601365)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,773 34,219

CURRENT ASSETS
Stocks 5 27,840 21,892
Debtors 6 3,584 6,022
Cash at bank 72,341 89,301
103,765 117,215
CREDITORS
Amounts falling due within one year 7 22,033 26,815
NET CURRENT ASSETS 81,732 90,400
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,505

124,619

CAPITAL AND RESERVES
Called up share capital 125 125
Retained earnings 107,380 124,494
107,505 124,619

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Sweet Vapes Ltd (Registered number: 10601365)

Balance Sheet - continued
28 February 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:




Mr M Butler - Director



Mr G J Worrall - Director


Sweet Vapes Ltd (Registered number: 10601365)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Sweet Vapes Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 51,238 10,493 1,799 4,077 67,607
Additions - 989 - 333 1,322
Disposals - - (1,799 ) - (1,799 )
At 28 February 2023 51,238 11,482 - 4,410 67,130
DEPRECIATION
At 1 March 2022 25,465 4,786 647 2,490 33,388
Charge for year 6,493 1,529 - 594 8,616
Eliminated on disposal - - (647 ) - (647 )
At 28 February 2023 31,958 6,315 - 3,084 41,357
NET BOOK VALUE
At 28 February 2023 19,280 5,167 - 1,326 25,773
At 28 February 2022 25,773 5,707 1,152 1,587 34,219

5. STOCKS
28.2.23 28.2.22
£    £   
Stocks 27,840 21,892

Sweet Vapes Ltd (Registered number: 10601365)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 3,139 5,675
Other debtors 445 347
3,584 6,022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Taxation and social security 22,033 26,815