Company Registration No. 5601508 (England and Wales)
Vaporate Trading UK Limited
Unaudited accounts
for the year ended 31 March 2024
Vaporate Trading UK Limited
Company Information
for the year ended 31 March 2024
Directors
R Hewson
C Hewson
Company Number
5601508 (England and Wales)
Registered Office
8 Rossett Green Lane
Harrogate
North Yorkshire
HG2 9LJ
Vaporate Trading UK Limited
Statement of financial position
as at 31 March 2024
Investment property
705,000
-
Cash at bank and in hand
126
4,484
Creditors: amounts falling due within one year
(29,347)
(33,134)
Net current liabilities
(28,721)
(27,508)
Total assets less current liabilities
676,279
346,891
Creditors: amounts falling due after more than one year
(345,184)
(142,500)
Net assets
331,095
204,391
Called up share capital
1,000
1,000
Profit and loss account
330,095
203,391
Shareholders' funds
331,095
204,391
For the year ending 31 March 2024 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 10 May 2024 and were signed on its behalf by
C Hewson
Director
Company Registration No. 5601508
Vaporate Trading UK Limited
Notes to the Accounts
for the year ended 31 March 2024
Vaporate Trading UK Limited is a private company, limited by shares, registered in England and Wales, registration number 5601508. The registered office is 8 Rossett Green Lane, Harrogate, North Yorkshire, HG2 9LJ.
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.
These financial statements for the year ended 31 March 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2022.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
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:
Vaporate Trading UK Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings
Transfer to investment property
(578,806)
Net gain from fair value adjustments
126,194
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
113
-
Loans from directors
27,774
32,112
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
142,500
142,500
Loans from directors
108,184
-
9
Average number of employees
During the year the average number of employees was 4 (2023: 4).