Company Registration No. 09202634 (England and Wales)
E Cigarette Outlet (UK) Ltd
Unaudited accounts
for the year ended 31 August 2023
E Cigarette Outlet (UK) Ltd
Unaudited accounts
Contents
E Cigarette Outlet (UK) Ltd
Company Information
for the year ended 31 August 2023
Directors
A Akbar
N Nazir
Y Hussain
Company Number
09202634 (England and Wales)
Registered Office
Unit 4 Carlisle Business Centre
60 Carlisle Road
Bradford
West Yorkshire
BD8 8BD
Accountants
CGI Accountants Ltd
Branch House
31-33 Branch Road
Batley
West Yorkshire
WF17 5SB
E Cigarette Outlet (UK) Ltd
Statement of financial position
as at 31 August 2023
Tangible assets
89,841
111,870
Inventories
104,870
136,930
Cash at bank and in hand
541,248
637,350
Creditors: amounts falling due within one year
(239,084)
(313,170)
Net current assets
420,671
481,877
Total assets less current liabilities
510,512
593,747
Creditors: amounts falling due after more than one year
(76,313)
(30,637)
Net assets
434,199
563,110
Called up share capital
99
99
Profit and loss account
434,100
563,011
Shareholders' funds
434,199
563,110
For the year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by
A Akbar
Director
Company Registration No. 09202634
E Cigarette Outlet (UK) Ltd
Notes to the Accounts
for the year ended 31 August 2023
E Cigarette Outlet (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 09202634. The registered office is Unit 4 Carlisle Business Centre, 60 Carlisle Road, Bradford, West Yorkshire, BD8 8BD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% on reducing balance
Motor vehicles
25% on reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
E Cigarette Outlet (UK) Ltd
Notes to the Accounts
for the year ended 31 August 2023
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 September 2022
118,038
69,973
188,011
At 31 August 2023
118,038
69,973
188,011
At 1 September 2022
58,648
17,493
76,141
Charge for the year
8,909
13,120
22,029
At 31 August 2023
67,557
30,613
98,170
At 31 August 2023
50,481
39,360
89,841
At 31 August 2022
59,390
52,480
111,870
Amounts falling due within one year
Trade debtors
13,637
20,767
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
32,889
5,610
Taxes and social security
63,679
136,322
Other creditors
30,308
67,694
7
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
76,313
30,637
The controlling party were the Directors by virtue of share ownership
9
Average number of employees
During the year the average number of employees was 66 (2022: 64).