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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
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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
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Incredible Vapes Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,269 
3,778 
Current assets
Inventories
41,350 
34,484 
Debtors
335 
- 
Cash at bank and in hand
37,185 
72,135 
78,870 
106,619 
Creditors: amounts falling due within one year
(42,030)
(53,341)
Net current assets
36,840 
53,278 
Net assets
43,109 
57,056 
Capital and reserves
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
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Incredible Vapes Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 31 August 2023
5,319 
950 
6,269 
At 31 August 2022
3,777 
1 
3,778 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
335 
- 
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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 
Accruals
3,100 
1,925 
42,030 
53,341 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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