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REGISTERED NUMBER: 11095440 (England and Wales)












Financial Statements

for the Year Ended 1 February 2024

for

Vape and Stuff Limited

Vape and Stuff Limited (Registered number: 11095440)






Contents of the Financial Statements
for the Year Ended 1 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Vape and Stuff Limited

Company Information
for the Year Ended 1 February 2024







DIRECTORS: I S Reynolds
R A Reynolds





SECRETARY: I S Reynolds





REGISTERED OFFICE: 318 Bury Road
Tottington
Bury
Lancashire
BL8 3DT





REGISTERED NUMBER: 11095440 (England and Wales)





ACCOUNTANTS: Archwood Accountants
Archwood House
46-48 Long Street
Middleton
Manchester
M24 6UQ

Vape and Stuff Limited (Registered number: 11095440)

Balance Sheet
1 February 2024

1.2.24 1.2.23
Notes £    £   
CURRENT ASSETS
Debtors 5 14,628 24,334
Cash at bank 18,871 15,273
33,499 39,607
CREDITORS
Amounts falling due within one year 6 6,078 10,915
NET CURRENT ASSETS 27,421 28,692
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,421

28,692

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 27,321 28,592
SHAREHOLDERS' FUNDS 27,421 28,692

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 1 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 1 February 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2024 and were signed on its behalf by:





I S Reynolds - Director


Vape and Stuff Limited (Registered number: 11095440)

Notes to the Financial Statements
for the Year Ended 1 February 2024

1. STATUTORY INFORMATION

Vape and Stuff Limited 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.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

Vape and Stuff Limited (Registered number: 11095440)

Notes to the Financial Statements - continued
for the Year Ended 1 February 2024

4. TANGIBLE FIXED ASSETS
Improvements
to
property
£   
COST
At 2 February 2023
and 1 February 2024 406
DEPRECIATION
At 2 February 2023
and 1 February 2024 406
NET BOOK VALUE
At 1 February 2024 -
At 1 February 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
1.2.24 1.2.23
£    £   
Other debtors 12,301 16,301
Loan to related partnership 2,327 2,327
Tax - 5,706
14,628 24,334

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
1.2.24 1.2.23
£    £   
Bank loans and overdrafts - 3,285
Trade creditors - 2,260
VAT - 3,463
Directors' current accounts 5,728 1,148
Accrued expenses 350 759
6,078 10,915

7. RELATED PARTY DISCLOSURES

The company made a loan to the partnership of Mr D S, Mrs A M, Mr I S and Mr R A Reynolds trading as The Local. Mr I S and Mr R A Reynolds are also directors and shareholders of this company. The loan was unsecured, interest free and repayable on demand. The balance at 1 February 2024 was £2,327 (2023: £2.327).