Company Registration No. 10907846 (England and Wales)
Incredible Vapes Ltd
Unaudited accounts
for the year ended 31 August 2023
Incredible Vapes Ltd
Unaudited accounts
Contents
Incredible Vapes Ltd
Company Information
for the year ended 31 August 2023
Directors
Mohammed Qadir
Asiah Parveen Sabir
Company Number
10907846 (England and Wales)
Registered Office
19 HAZELCROFT
BRADFORD
BD2 3TE
ENGLAND
Accountants
Philip Shaw & Co
Chartered Certified Accountants
7 Duke Way
Wakefield
West Yorkshire
WF1 2ER
Incredible Vapes Ltd
Statement of financial position
as at 31 August 2023
Tangible assets
6,269
3,778
Cash at bank and in hand
37,185
72,135
Creditors: amounts falling due within one year
(42,030)
(53,341)
Net current assets
36,840
53,278
Called up share capital
1
1
Profit and loss account
43,108
57,055
Shareholders' funds
43,109
57,056
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 28 May 2024 and were signed on its behalf by
Mohammed Qadir
Director
Company Registration No. 10907846
Incredible Vapes Ltd
Notes to the Accounts
for the year ended 31 August 2023
Incredible Vapes Ltd is a private company, limited by shares, registered in England and Wales, registration number 10907846. The registered office is 19 HAZELCROFT, BRADFORD, BD2 3TE, ENGLAND.
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.
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:
Fixtures & fittings
15% reducing balance
Computer equipment
25% straight line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2022
6,717
2,451
9,168
Additions
2,555
1,266
3,821
At 31 August 2023
9,272
3,717
12,989
At 1 September 2022
2,940
2,450
5,390
Charge for the year
1,013
317
1,330
At 31 August 2023
3,953
2,767
6,720
At 31 August 2023
5,319
950
6,269
At 31 August 2022
3,777
1
3,778
Amounts falling due within one year
Incredible Vapes Ltd
Notes to the Accounts
for the year ended 31 August 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
24,750
34,786
Taxes and social security
11,515
10,084
Loans from directors
2,665
6,546
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Average number of employees
During the year the average number of employees was 2 (2022: 2).