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Company Registration No. 12383819 (England and Wales)
ECK Vapours Otley Limited Unaudited accounts for the year ended 31 January 2023
ECK Vapours Otley Limited Unaudited accounts Contents
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ECK Vapours Otley Limited Company Information for the year ended 31 January 2023
Director
Imnam Liaquat
Company Number
12383819 (England and Wales)
Registered Office
210 FOLKESTONE STREET BRADFORD BD3 8AS ENGLAND
Accountants
HLA Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY
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ECK Vapours Otley Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,159 
2,698 
Current assets
Inventories
13,808 
10,313 
Debtors
1,316 
988 
Cash at bank and in hand
268 
7,330 
15,392 
18,631 
Creditors: amounts falling due within one year
(1,739)
(1,984)
Net current assets
13,653 
16,647 
Total assets less current liabilities
15,812 
19,345 
Creditors: amounts falling due after more than one year
(12,279)
(16,188)
Net assets
3,533 
3,157 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,433 
3,057 
Shareholders' funds
3,533 
3,157 
For the year ending 31 January 2023 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 25 October 2023 and were signed on its behalf by
Imnam Liaquat Director Company Registration No. 12383819
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ECK Vapours Otley Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
ECK Vapours Otley Limited is a private company, limited by shares, registered in England and Wales, registration number 12383819. The registered office is 210 FOLKESTONE STREET, BRADFORD, BD3 8AS, ENGLAND.
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
20% reducing balance.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Government grants
Government grants in relation to job retention scheme are credited to profit and loss account , whereas those in relation to expenditure are charged to profit and loss. Also, local council grants are received in terms of Covid-19 pandemic are credit to profit and loss account under other operating expenses, whereas all fixed cost against these are debited in the profit and loss account too.
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ECK Vapours Otley Limited Notes to the Accounts for the year ended 31 January 2023
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 February 2022
4,215 
At 31 January 2023
4,215 
Depreciation
At 1 February 2022
1,517 
Charge for the year
539 
At 31 January 2023
2,056 
Net book value
At 31 January 2023
2,159 
At 31 January 2022
2,698 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,216 
888 
Amounts falling due after more than one year
Other debtors
100 
100 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
925 
1,058 
Taxes and social security
214 
326 
Accruals
600 
600 
1,739 
1,984 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
12,279 
16,188 
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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