Registered number
08275479
ECIGBUBBLE Limited
Filleted Accounts
31 December 2023
ECIGBUBBLE Limited
Registered number: 08275479
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 8,254 9,125
Current assets
Stocks 44,034 74,654
Debtors 4 23,771 33,205
Cash at bank and in hand 94,004 105,179
161,809 213,038
Creditors: amounts falling due within one year 5 (37,451) (38,137)
Net current assets 124,358 174,901
Total assets less current liabilities 132,612 184,026
Creditors: amounts falling due after more than one year 6 - (53,125)
Net assets 132,612 130,901
Capital and reserves
Called up share capital 100 100
Profit and loss account 132,512 130,801
Shareholders' funds 132,612 130,901
The director is 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 director acknowledges his 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.
Anthony Alpert
Director
Approved by the board on 7 August 2024
ECIGBUBBLE Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery Over 3 years straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2023 40,799
Additions 297
At 31 December 2023 41,096
Depreciation
At 1 January 2023 31,674
Charge for the year 1,168
At 31 December 2023 32,842
Net book value
At 31 December 2023 8,254
At 31 December 2022 9,125
4 Debtors 2023 2022
£ £
Prepayments 4,677 16,260
Other debtors 19,094 16,945
23,771 33,205
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,631 2,141
VAT creditor 12,685 17,667
Accruals 3,447 2,607
Taxation and social security costs 18,369 14,593
Other creditors 319 1,129
37,451 38,137
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors - 53,125
7 Controlling party
During the year under review the director, Anthony Alpert, was the ultimate controlling party.
8 Other information
ECIGBUBBLE Limited is a private company limited by shares and incorporated in England. Its registered office is:
25 Market Place
Wisbech
Cambridgeshire
PE13 1DQ
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