Registered number
11497706
Vape Shack Manchester Ltd
Filleted Accounts
31 August 2023
Vape Shack Manchester Ltd
Registered number: 11497706
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 32,979 20,848
Current assets
Stocks 14,995 14,995
Cash at bank and in hand 19,963 1,498
34,958 16,493
Creditors: amounts falling due within one year 4 (28,896) (19,128)
Net current assets/(liabilities) 6,062 (2,635)
Total assets less current liabilities 39,041 18,213
Creditors: amounts falling due after more than one year 5 (24,760) (12,360)
Net assets 14,281 5,853
Capital and reserves
Called up share capital 1 1
Profit and loss account 14,280 5,852
Shareholders' funds 14,281 5,853
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Guarino
Director
Approved by the board on 28 March 2024
Vape Shack Manchester Ltd
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 September 2022 8,312 21,501 29,813
Additions 5,376 15,000 20,376
At 31 August 2023 13,688 36,501 50,189
Depreciation
At 1 September 2022 4,145 4,820 8,965
Charge for the year 1,909 6,336 8,245
At 31 August 2023 6,054 11,156 17,210
Net book value
At 31 August 2023 7,634 25,345 32,979
At 31 August 2022 4,167 16,681 20,848
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 14,000 7,696
Taxation and social security costs 8,413 4,295
VAT 2,604 4,482
Director's account 880 (344)
Accruals 2,999 2,999
28,896 19,128
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 16,000 -
Obligations under finance lease and hire purchase contracts 8,760 12,360
24,760 12,360
6 Other information
Vape Shack Manchester Ltd is a private company limited by shares and incorporated in England. Its registered office is:
48 Moorgate Road
Carrbrook
Stalybridge
SK15 3NJ
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