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REGISTERED NUMBER: 06812138 (England and Wales)















Unaudited Financial Statements for the Year Ended 24 February 2023

for

Vape HQ (Lincoln) Limited

Vape HQ (Lincoln) Limited (Registered number: 06812138)






Contents of the Financial Statements
for the Year Ended 24 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Vape HQ (Lincoln) Limited

Company Information
for the Year Ended 24 February 2023







DIRECTORS: B G Alambritis
M G Andreou





SECRETARY: B G Alambritis





REGISTERED OFFICE: Unit 4c Concorde Way
Millennium Business Park
Mansfield
Nottinghamshire
NG19 7JZ





REGISTERED NUMBER: 06812138 (England and Wales)





ACCOUNTANTS: Botham Accounting Limited
Chartered Accountants
3 - 5 College Street
Nottingham
Nottinghamshire
NG1 5AQ

Vape HQ (Lincoln) Limited (Registered number: 06812138)

Balance Sheet
24 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 8,235 10,794

CURRENT ASSETS
Stocks 75,334 24,230
Debtors 4 40,836 38,747
Cash at bank 110,895 184,475
227,065 247,452
CREDITORS
Amounts falling due within one year 5 87,384 84,925
NET CURRENT ASSETS 139,681 162,527
TOTAL ASSETS LESS CURRENT
LIABILITIES

147,916

173,321

CREDITORS
Amounts falling due after more than one
year

6

(25,349

)

(37,866

)

PROVISIONS FOR LIABILITIES (2,059 ) -
NET ASSETS 120,508 135,455

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 120,408 135,355
SHAREHOLDERS' FUNDS 120,508 135,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 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 HQ (Lincoln) Limited (Registered number: 06812138)

Balance Sheet - continued
24 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 23 February 2024 and were signed on its behalf by:





M G Andreou - Director


Vape HQ (Lincoln) Limited (Registered number: 06812138)

Notes to the Financial Statements
for the Year Ended 24 February 2023

1. 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.

The company has exceeded Micro Entity thresholds and therefore this year is the first time adoption of FRS 102 section 1A. The only change in accounting policy recognised due to this is recognition of deferred tax.

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.
Land and buildings - 5% on cost
Plant and machinery etc - 20% on 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.

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.

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.

Vape HQ (Lincoln) Limited (Registered number: 06812138)

Notes to the Financial Statements - continued
for the Year Ended 24 February 2023

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 12 ) .

3. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 25 February 2022 21,871 90,563 112,434
Additions - 1,292 1,292
At 24 February 2023 21,871 91,855 113,726
DEPRECIATION
At 25 February 2022 13,401 88,239 101,640
Charge for year 1,094 2,757 3,851
At 24 February 2023 14,495 90,996 105,491
NET BOOK VALUE
At 24 February 2023 7,376 859 8,235
At 24 February 2022 8,470 2,324 10,794

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 31,123 20,809
Directors' current accounts - 9,980
Tax 1,898 -
Prepayments and accrued income 7,815 7,958
40,836 38,747

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 9,800 9,800
Hire purchase contracts 2,940 2,940
Trade creditors - 11,085
Amounts owed to group undertakings 17,153 17,153
Taxation and social security 56,135 42,481
Other creditors 1,356 1,466
87,384 84,925

Vape HQ (Lincoln) Limited (Registered number: 06812138)

Notes to the Financial Statements - continued
for the Year Ended 24 February 2023

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 23,522 33,099
Hire purchase contracts 1,827 4,767
25,349 37,866

7. CALLED UP SHARE CAPITAL

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