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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
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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
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E Cigarette Outlet (UK) Ltd Statement of financial position as at 31 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
89,841 
111,870 
Current assets
Inventories
104,870 
136,930 
Debtors
13,637 
20,767 
Cash at bank and in hand
541,248 
637,350 
659,755 
795,047 
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 
Capital and reserves
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
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E Cigarette Outlet (UK) Ltd Notes to the Accounts for the year ended 31 August 2023
1
Statutory information
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.
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.
Turnover
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
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 taxation
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.
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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 
Depreciation
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 
Net book value
At 31 August 2023
50,481 
39,360 
89,841 
At 31 August 2022
59,390 
52,480 
111,870 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,637 
20,767 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
107,323 
91,653 
Trade creditors
32,889 
5,610 
Taxes and social security
63,679 
136,322 
Other creditors
30,308 
67,694 
Accruals
4,885 
11,891 
239,084 
313,170 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Loans from directors
76,313 
30,637 
8
Controlling party
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).
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