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REGISTERED NUMBER: 07962867 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

THE VAPOUR TRAIL (EASTBOURNE) LIMITED

THE VAPOUR TRAIL (EASTBOURNE) LIMITED (REGISTERED NUMBER: 07962867)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE VAPOUR TRAIL (EASTBOURNE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: A P Jenkinson
N Jenkinson





REGISTERED OFFICE: Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE





REGISTERED NUMBER: 07962867 (England and Wales)





ACCOUNTANTS: LMDB Accountants
Chartered Certified Accountants
Railview Lofts
19c Commercial Road
Eastbourne
East Sussex
BN21 3XE

THE VAPOUR TRAIL (EASTBOURNE) LIMITED (REGISTERED NUMBER: 07962867)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 19,256 23,217
19,256 23,217

CURRENT ASSETS
Stocks 49,205 58,563
Debtors 6 80,637 80,567
Prepayments and accrued income 1,129 1,461
Cash at bank and in hand 336,716 383,438
467,687 524,029
CREDITORS
Amounts falling due within one year 7 45,147 74,515
NET CURRENT ASSETS 422,540 449,514
TOTAL ASSETS LESS CURRENT LIABILITIES 441,796 472,731

CREDITORS
Amounts falling due after more than one
year

8

(24,653

)

(39,488

)

PROVISIONS FOR LIABILITIES 9 (4,814 ) (5,805 )
NET ASSETS 412,329 427,438

THE VAPOUR TRAIL (EASTBOURNE) LIMITED (REGISTERED NUMBER: 07962867)

BALANCE SHEET - continued
30 APRIL 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 110 110
Retained earnings 412,219 427,328
SHAREHOLDERS' FUNDS 412,329 427,438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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

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 30 July 2024 and were signed on its behalf by:





A P Jenkinson - Director


THE VAPOUR TRAIL (EASTBOURNE) LIMITED (REGISTERED NUMBER: 07962867)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

The Vapour Trail (Eastbourne) Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost and 25% 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.


THE VAPOUR TRAIL (EASTBOURNE) LIMITED (REGISTERED NUMBER: 07962867)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

THE VAPOUR TRAIL (EASTBOURNE) LIMITED (REGISTERED NUMBER: 07962867)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 10,000
AMORTISATION
At 1 May 2023
and 30 April 2024 10,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 39,741
Additions 2,705
At 30 April 2024 42,446
DEPRECIATION
At 1 May 2023 16,524
Charge for year 6,666
At 30 April 2024 23,190
NET BOOK VALUE
At 30 April 2024 19,256
At 30 April 2023 23,217

THE VAPOUR TRAIL (EASTBOURNE) LIMITED (REGISTERED NUMBER: 07962867)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 17,305
DEPRECIATION
Charge for year 4,326
At 30 April 2024 4,326
NET BOOK VALUE
At 30 April 2024 12,979
At 30 April 2023 17,305

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,020 5,825
Other debtors 76,617 74,742
80,637 80,567

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,001 10,000
Hire purchase contracts 4,832 4,216
Trade creditors 8,367 29,966
Taxation and social security 21,271 29,240
Other creditors 676 1,093
45,147 74,515

THE VAPOUR TRAIL (EASTBOURNE) LIMITED (REGISTERED NUMBER: 07962867)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 13,333 23,333
Hire purchase contracts 11,320 16,155
24,653 39,488

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 4,814 5,805

Deferred
tax
£   
Balance at 1 May 2023 5,805
Accelerated capital allowances (991 )
Balance at 30 April 2024 4,814

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
71 Ordinary £1 71 71
23 A Ordinary £1 23 23
10 B Ordinary £1 10 10
3 C Ordinary £1 3 3
3 D Ordinary £1 3 3
110 110

THE VAPOUR TRAIL (EASTBOURNE) LIMITED (REGISTERED NUMBER: 07962867)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
A P Jenkinson and N Jenkinson
Balance outstanding at start of year 48,577 57,898
Amounts advanced 1,001 -
Amounts repaid - (9,321 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 49,578 48,577

The loan has no fixed repayment terms and interest is charged at 2.25%.