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REGISTERED NUMBER: 10411202 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Flawless Vape Shop Ltd

Flawless Vape Shop Ltd (Registered number: 10411202)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Flawless Vape Shop Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTORS: T S Maini
M S Kohli
P K Maini
I S Maini
S S Kohli





REGISTERED OFFICE: 7 Sheene Road
Leicester
Leicestershire
LE4 1BF





REGISTERED NUMBER: 10411202 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Flawless Vape Shop Ltd (Registered number: 10411202)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 38,012 55,846

CURRENT ASSETS
Stocks 556,253 369,547
Debtors 5 21,049 42,837
Cash at bank and in hand 352,083 349,000
929,385 761,384
CREDITORS
Amounts falling due within one year 6 (235,422 ) (179,696 )
NET CURRENT ASSETS 693,963 581,688
TOTAL ASSETS LESS CURRENT
LIABILITIES

731,975

637,534

PROVISIONS FOR LIABILITIES (9,038 ) (7,543 )
NET ASSETS 722,937 629,991

CAPITAL AND RESERVES
Called up share capital 60 60
Capital redemption reserve 30 30
Retained earnings 722,847 629,901
SHAREHOLDERS' FUNDS 722,937 629,991

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

Flawless Vape Shop Ltd (Registered number: 10411202)

Balance Sheet - continued
30 November 2023


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 Statement of Income and Retained Earnings 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:





T S Maini - Director


Flawless Vape Shop Ltd (Registered number: 10411202)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Flawless Vape Shop Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. 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.
Fixtures and fittings - 20% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 15 ) .

Flawless Vape Shop Ltd (Registered number: 10411202)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 December 2022 120,531 9,019 129,550
Additions - 1,010 1,010
Disposals (12,916 ) (1,064 ) (13,980 )
At 30 November 2023 107,615 8,965 116,580
DEPRECIATION
At 1 December 2022 65,908 7,796 73,704
Charge for year 15,295 651 15,946
Eliminated on disposal (10,018 ) (1,064 ) (11,082 )
At 30 November 2023 71,185 7,383 78,568
NET BOOK VALUE
At 30 November 2023 36,430 1,582 38,012
At 30 November 2022 54,623 1,223 55,846

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other debtors 21,049 42,837

Other debtors includes prepayments and accrued income of £4,871 (2022 - £13,767).

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade creditors 25,516 30,619
Taxation and social security 205,984 146,365
Other creditors 3,922 2,712
235,422 179,696

Other creditors includes accruals and deferred income of £2,937 (2022 - £1,617).

7. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £12,465 (2022 - £58,423)