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REGISTERED NUMBER: 06812138 (England and Wales)















Unaudited Financial Statements for the Year Ended 24 February 2024

for

Vape HQ (Lincoln) Limited

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






Contents of the Financial Statements
for the Year Ended 24 February 2024




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 2024







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)

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

Balance Sheet
24 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 6,282 8,235

CURRENT ASSETS
Stocks 60,825 75,334
Debtors 4 15,541 40,836
Cash at bank and in hand 140,822 110,895
217,188 227,065
CREDITORS
Amounts falling due within one year 5 108,950 87,384
NET CURRENT ASSETS 108,238 139,681
TOTAL ASSETS LESS CURRENT
LIABILITIES

114,520

147,916

CREDITORS
Amounts falling due after more than one
year

6

(13,891

)

(25,349

)

PROVISIONS FOR LIABILITIES (714 ) (2,059 )
NET ASSETS 99,915 120,508

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 99,815 120,408
SHAREHOLDERS' FUNDS 99,915 120,508

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 24 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 24 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.

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

Balance Sheet - continued
24 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 20 August 2024 and were signed on its behalf by:





B G Alambritis - Director


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

Notes to the Financial Statements
for the Year Ended 24 February 2024

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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 9 ) .

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

Notes to the Financial Statements - continued
for the Year Ended 24 February 2024

3. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 25 February 2023
and 24 February 2024 21,871 91,855 113,726
DEPRECIATION
At 25 February 2023 14,495 90,996 105,491
Charge for year 1,094 859 1,953
At 24 February 2024 15,589 91,855 107,444
NET BOOK VALUE
At 24 February 2024 6,282 - 6,282
At 24 February 2023 7,376 859 8,235

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 5,989 31,123
Tax 1,898 1,898
Prepayments and accrued income 7,654 7,815
15,541 40,836

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,800 9,800
Hire purchase contracts - 2,940
Amounts owed to group undertakings - 17,153
Taxation and social security 77,714 56,135
Other creditors 21,436 1,356
108,950 87,384

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 13,891 23,522
Hire purchase contracts - 1,827
13,891 25,349

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100