1 January 2023 false No description of principal activity Taxfiler 2024.5 12416176business:PrivateLimitedCompanyLtd2023-01-012023-12-31 124161762022-12-31 124161762023-01-012023-12-31 12416176business:AuditExemptWithAccountantsReport2023-01-012023-12-31 12416176business:FilletedAccounts2023-01-012023-12-31 124161762023-12-31 12416176business:Director12023-01-012023-12-31 12416176business:RegisteredOffice2023-01-012023-12-31 124161762022-12-31 12416176core:WithinOneYear2023-12-31 12416176core:WithinOneYear2022-12-31 12416176core:AfterOneYear2023-12-31 12416176core:AfterOneYear2022-12-31 12416176core:ShareCapitalcore:PreviouslyStatedAmount2023-12-31 12416176core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 12416176core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-12-31 12416176core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 12416176core:PreviouslyStatedAmount2023-12-31 12416176core:PreviouslyStatedAmount2022-12-31 12416176business:SmallEntities2023-01-012023-12-31 12416176countries:EnglandWales2023-01-012023-12-31 12416176core:FurnitureFittings2023-01-012023-12-31 12416176core:ComputerEquipment2023-01-012023-12-31 12416176core:FurnitureFittings2022-12-31 12416176core:ComputerEquipment2022-12-31 12416176core:FurnitureFittings2023-12-31 12416176core:ComputerEquipment2023-12-31 124161762022-01-012022-12-31 iso4217:GBP xbrli:pure
Company Registration No. 12416176 (England and Wales)
Love N Vape Ltd Unaudited accounts for the year ended 31 December 2023
Love N Vape Ltd Unaudited accounts Contents
Page
- 2 -
Love N Vape Ltd Company Information for the year ended 31 December 2023
Director
Ihtisham Hussain
Company Number
12416176 (England and Wales)
Registered Office
27-28 Baxter Gate Doncaster DN1 1LD
Accountants
Sultan Accountants Ltd 298 Gibbet Street Halifax West Yorkshire HX1 4JX
- 3 -
Love N Vape Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,328 
4,154 
Current assets
Inventories
35,225 
40,800 
Cash at bank and in hand
40,317 
27,021 
75,542 
67,821 
Creditors: amounts falling due within one year
(18,079)
(19,686)
Net current assets
57,463 
48,135 
Total assets less current liabilities
70,791 
52,289 
Creditors: amounts falling due after more than one year
(13,835)
(15,420)
Net assets
56,956 
36,869 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
56,856 
36,769 
Shareholders' funds
56,956 
36,869 
For the year ending 31 December 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 director acknowledges his 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 and authorised for issue on 19 September 2024 and were signed on its behalf by
Ihtisham Hussain Director Company Registration No. 12416176
- 4 -
Love N Vape Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Love N Vape Ltd is a private company, limited by shares, registered in England and Wales, registration number 12416176. The registered office is 27-28 Baxter Gate, Doncaster, DN1 1LD.
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%
Computer equipment
15%
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2023
6,778 
766 
7,544 
Additions
12,124 
- 
12,124 
At 31 December 2023
18,902 
766 
19,668 
Depreciation
At 1 January 2023
3,048 
342 
3,390 
Charge for the year
2,836 
114 
2,950 
At 31 December 2023
5,884 
456 
6,340 
Net book value
At 31 December 2023
13,018 
310 
13,328 
At 31 December 2022
3,730 
424 
4,154 
- 5 -
Love N Vape Ltd Notes to the Accounts for the year ended 31 December 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
648 
5,083 
Trade creditors
11,254 
8,288 
Taxes and social security
4,677 
5,315 
Other creditors
1,500 
1,000 
18,079 
19,686 
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
10,635 
12,220 
Loans from directors
3,200 
3,200 
13,835 
15,420 
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).
- 6 -