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REGISTERED NUMBER: 13177415 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

CRAM VAPE GAINSBOROUGH LTD

CRAM VAPE GAINSBOROUGH LTD (Registered number: 13177415)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CRAM VAPE GAINSBOROUGH LTD

Company Information
for the Year Ended 29 February 2024







DIRECTORS: A Fenton
K Paddison





REGISTERED OFFICE: 190 Ashby Road
Scunthorpe
North Lincolnshire
DN16 2AR





REGISTERED NUMBER: 13177415 (England and Wales)





ACCOUNTANTS: Discount Accountancy Services
7 Purbeck Road
Scunthorpe
North Lincolnshire
DN17 1TY

CRAM VAPE GAINSBOROUGH LTD (Registered number: 13177415)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,275 4,419

CURRENT ASSETS
Stocks 31,000 32,000
Debtors 5 4,357 8,087
Cash at bank and in hand 142,772 39,245
178,129 79,332
CREDITORS
Amounts falling due within one year 6 102,671 38,763
NET CURRENT ASSETS 75,458 40,569
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,733

44,988

RESERVES
Retained earnings 80,733 44,988
80,733 44,988

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

CRAM VAPE GAINSBOROUGH LTD (Registered number: 13177415)

Balance Sheet - continued
29 February 2024


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 14 March 2024 and were signed on its behalf by:




A Fenton - Director



K Paddison - Director


CRAM VAPE GAINSBOROUGH LTD (Registered number: 13177415)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

CRAM VAPE GAINSBOROUGH 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 etc - 20% 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 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.

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 year was 3 (2023 - 2 ) .

CRAM VAPE GAINSBOROUGH LTD (Registered number: 13177415)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 6,359
Additions 1,832
At 29 February 2024 8,191
DEPRECIATION
At 1 March 2023 1,940
Charge for year 976
At 29 February 2024 2,916
NET BOOK VALUE
At 29 February 2024 5,275
At 28 February 2023 4,419

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 3,899 7,600
Other debtors 458 487
4,357 8,087

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 677 660
Taxation and social security 38,826 16,239
Other creditors 63,168 21,864
102,671 38,763

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
L Blanchard
Balance outstanding at start of year - (8,000 )
Amounts advanced - 9,000
Amounts repaid - (1,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

CRAM VAPE GAINSBOROUGH LTD (Registered number: 13177415)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

A Fenton
Balance outstanding at start of year (10,000 ) (8,000 )
Amounts advanced 10,000 9,000
Amounts repaid (30,500 ) (11,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (30,500 ) (10,000 )

K Paddison
Balance outstanding at start of year (10,000 ) (8,000 )
Amounts advanced 10,000 9,000
Amounts repaid (30,500 ) (11,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (30,500 ) (10,000 )