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REGISTERED NUMBER: 11095440 (England and Wales)












Financial Statements

for the Period

1 January 2022 to 1 February 2023

for

Vape and Stuff Limited

Vape and Stuff Limited (Registered number: 11095440)






Contents of the Financial Statements
for the Period 1 January 2022 to 1 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vape and Stuff Limited

Company Information
for the Period 1 January 2022 to 1 February 2023







DIRECTORS: I S Reynolds
R A Reynolds





SECRETARY: I S Reynolds





REGISTERED OFFICE: 318 Bury Road
Tottington
Bury
Lancashire
BL8 3DT





REGISTERED NUMBER: 11095440 (England and Wales)





ACCOUNTANTS: Archwood Accountants
Archwood House
46-48 Long Street
Middleton
Manchester
M24 6UQ

Vape and Stuff Limited (Registered number: 11095440)

Balance Sheet
1 February 2023

1.2.23 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - 2,937

CURRENT ASSETS
Stocks - 35,000
Debtors 5 24,334 10,223
Cash at bank and in hand 15,273 43,254
39,607 88,477
CREDITORS
Amounts falling due within one year 6 10,915 23,200
NET CURRENT ASSETS 28,692 65,277
TOTAL ASSETS LESS CURRENT
LIABILITIES

28,692

68,214

CREDITORS
Amounts falling due after more than one year 7 - (3,570 )

PROVISIONS FOR LIABILITIES - (558 )
NET ASSETS 28,692 64,086

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 28,592 63,986
SHAREHOLDERS' FUNDS 28,692 64,086

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 1 February 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 1 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.

Vape and Stuff Limited (Registered number: 11095440)

Balance Sheet - continued
1 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:





I S Reynolds - Director


Vape and Stuff Limited (Registered number: 11095440)

Notes to the Financial Statements
for the Period 1 January 2022 to 1 February 2023

1. STATUTORY INFORMATION

Vape and Stuff 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 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.
Improvements to property - 10% on cost
Fixtures and fittings - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 (2021 - 4 ) .

Vape and Stuff Limited (Registered number: 11095440)

Notes to the Financial Statements - continued
for the Period 1 January 2022 to 1 February 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 January 2022 406 4,843 5,249
Disposals - (4,843 ) (4,843 )
At 1 February 2023 406 - 406
DEPRECIATION
At 1 January 2022 162 2,150 2,312
Charge for period 244 - 244
Eliminated on disposal - (2,150 ) (2,150 )
At 1 February 2023 406 - 406
NET BOOK VALUE
At 1 February 2023 - - -
At 31 December 2021 244 2,693 2,937

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
1.2.23 31.12.21
£    £   
Other debtors 16,301 150
Loan to related partnership 2,327 9,375
Tax 5,706 -
Prepayments and accrued income - 698
24,334 10,223

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
1.2.23 31.12.21
£    £   
Bank loans and overdrafts 3,285 3,266
Trade creditors 2,260 -
Tax - 6,456
Social security and other taxes - 1,271
VAT 3,463 4,518
Directors' current accounts 1,148 6,189
Accrued expenses 759 1,500
10,915 23,200

Vape and Stuff Limited (Registered number: 11095440)

Notes to the Financial Statements - continued
for the Period 1 January 2022 to 1 February 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
1.2.23 31.12.21
£    £   
Bank loans - 1-2 years - 3,570

8. RELATED PARTY DISCLOSURES

The company made a loan to the partnership of Mr D S, Mrs A M, Mr I S and Mr R A Reynolds trading as The Local (formerly Bargain Booze). Mr I S and Mr R A Reynolds are also directors and shareholders of this company. The loan was unsecured, interest free and repayable on demand. The balance at 1 February 2023 was £2,327 (31 December 2021: £9,375).