IRIS Accounts Production v23.3.0.418 08486242 Board of Directors 1.5.22 30.4.23 30.4.23 false true false false true false Ordinary 1.00000 28653 9327 19326 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh084862422022-04-30084862422023-04-30084862422022-05-012023-04-30084862422021-04-30084862422021-05-012022-04-30084862422022-04-3008486242ns10:Originalns15:EnglandWales2022-05-012023-04-3008486242ns14:PoundSterlingns10:Original2022-05-012023-04-3008486242ns10:Originalns10:Director12022-05-012023-04-3008486242ns10:Original2022-05-012023-04-3008486242ns10:Original2023-04-3008486242ns10:Originalns10:PrivateLimitedCompanyLtd2022-05-012023-04-3008486242ns10:Originalns10:SmallEntities2022-05-012023-04-3008486242ns10:Originalns10:AuditExempt-NoAccountantsReport2022-05-012023-04-3008486242ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3008486242ns10:SmallCompaniesRegimeForAccountsns10:Original2022-05-012023-04-3008486242ns10:Originalns10:FullAccounts2022-05-012023-04-3008486242ns10:Originalns10:OrdinaryShareClass12022-05-012023-04-3008486242ns10:Original42ns10:Director22022-05-012023-04-3008486242ns10:Original42ns10:Director22023-04-3008486242ns10:Originalns10:Director22022-05-012023-04-3008486242ns10:Originalns10:RegisteredOffice2022-05-012023-04-3008486242ns10:Original2022-04-3008486242ns10:Originalns5:CurrentFinancialInstruments2023-04-3008486242ns10:Originalns5:CurrentFinancialInstruments2022-04-3008486242ns10:Originalns5:Non-currentFinancialInstruments2023-04-3008486242ns10:Originalns5:Non-currentFinancialInstruments2022-04-3008486242ns5:ShareCapitalns10:Original2023-04-3008486242ns5:ShareCapitalns10:Original2022-04-3008486242ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-04-3008486242ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-3008486242ns10:Originalns5:PlantMachinery2022-05-012023-04-3008486242ns10:Originalns5:ComputerEquipment2022-05-012023-04-3008486242ns10:Original2021-05-012022-04-3008486242ns10:Originalns5:PlantMachinery2022-04-3008486242ns10:Originalns5:ComputerEquipment2022-04-3008486242ns10:Original2022-04-3008486242ns10:Originalns5:PlantMachinery2023-04-3008486242ns10:Originalns5:ComputerEquipment2023-04-3008486242ns10:Originalns5:PlantMachinery2022-04-3008486242ns10:Originalns5:ComputerEquipment2022-04-3008486242ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3008486242ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-04-3008486242ns10:Originalns5:CurrentFinancialInstruments2022-05-012023-04-3008486242ns10:Originalns10:OrdinaryShareClass12023-04-3008486242ns10:Original1ns10:Director12022-04-3008486242ns10:Original1ns10:Director12021-04-3008486242ns10:Original1ns10:Director12022-05-012023-04-3008486242ns10:Original1ns10:Director12021-05-012022-04-3008486242ns10:Original1ns10:Director12023-04-3008486242ns10:Original1ns10:Director12022-04-30
REGISTERED NUMBER: 08486242 (England and Wales)


























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

GO VAPOUR UK LTD

GO VAPOUR UK LTD (REGISTERED NUMBER: 08486242)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


GO VAPOUR UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Mr N Morris
Mrs J Morris





REGISTERED OFFICE: Kingsgate House
North Wing, Ground Floor
Newbury Road
Andover
Hampshire
SP10 4DU





BUSINESS ADDRESS: 258 Locksbridge Road
Picket Piece
Andover
Hampshire
SP11 6WL





REGISTERED NUMBER: 08486242 (England and Wales)






GO VAPOUR UK LTD (REGISTERED NUMBER: 08486242)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,645 1,940

CURRENT ASSETS
Stocks 23,715 29,092
Debtors 6 26,332 7,142
Cash at bank and in hand 9,237 40,835
59,284 77,069
CREDITORS
Amounts falling due within one year 7 33,363 38,148
NET CURRENT ASSETS 25,921 38,921
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,566

40,861

CREDITORS
Amounts falling due after more than one
year

8

(26,666

)

(36,667

)

PROVISIONS FOR LIABILITIES (313 ) (369 )
NET ASSETS 587 3,825

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 487 3,725
SHAREHOLDERS' FUNDS 587 3,825

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 31 October 2023 and were signed on its behalf by:




Mr N Morris - Director


GO VAPOUR UK LTD (REGISTERED NUMBER: 08486242)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023


1. STATUTORY INFORMATION

Go Vapour UK 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.

The presentation currency of the financial statements is the Pound Sterling (£).


The company's principal place of business is 2 Newbury Street, Andover, Hampshire, SP10 1DN.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Shop equipment - 33% straight line
Computer equipment - 33% straight line

All fixed assets are initially recorded at cost.

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 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.

GO VAPOUR UK LTD (REGISTERED NUMBER: 08486242)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


3. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Grants
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

5. TANGIBLE FIXED ASSETS
Shop Computer
equipment equipment Totals
£    £    £   
COST
At 1 May 2022 48,965 7,850 56,815
Additions 108 - 108
At 30 April 2023 49,073 7,850 56,923
DEPRECIATION
At 1 May 2022 47,078 7,797 54,875
Charge for year 351 52 403
At 30 April 2023 47,429 7,849 55,278
NET BOOK VALUE
At 30 April 2023 1,644 1 1,645
At 30 April 2022 1,887 53 1,940

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 26,332 7,142

Included in other debtors is £7,006 (2022 - £7,142) in relation to prepayments and accrued income.

GO VAPOUR UK LTD (REGISTERED NUMBER: 08486242)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 9) 10,000 10,000
Trade creditors 430 664
Taxation and social security 18,010 23,494
Other creditors 4,923 3,990
33,363 38,148

Included in other creditors is £4,923 (2022 - £3,278) in relation to accruals and deferred income.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 9) 26,666 36,667

9. LOANS

A loan was taken out by the company in a prior year under the Bounce Back Loan Scheme. The first 12 months interest was paid by HM Government, and no repayments were required to be made by the company in the first 12 month period.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

11. OTHER FINANCIAL COMMITMENTS

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £30,000 (2022: £26,667)

This amount is in relation to operating lease commitments which are payable over the next 9 months (2022: over the next 1 year)

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2023 and 30 April 2022:

2023 2022
£    £   
Mr N Morris and Mrs J Morris
Balance outstanding at start of year - -
Amounts advanced 28,653 -
Amounts repaid (9,327 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 19,326 -

This loan was unsecured with interest charged at HMRC approved rates and was repaid within nine months of the year end.