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Company Registration No. SC640281 (Scotland)
VAPE & PHONES LTD Unaudited accounts for the year ended 31 August 2024
VAPE & PHONES LTD Unaudited accounts Contents
Page
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VAPE & PHONES LTD Company Information for the year ended 31 August 2024
Director
Mrs. Irfana Begum MOHAMED SAALIM
Company Number
SC640281 (Scotland)
Registered Office
34/2 Bryson road Edinburgh EH111DX UNITED KINGDOM
Accountants
Farshan & Co Accountants & Tax Advisers Suite 1, 2 Britannia Street Leicester LE1 3LE
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VAPE & PHONES LTD Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,281 
1,562 
Current assets
Inventories
12,559 
12,302 
Cash at bank and in hand
2,248 
1,871 
14,807 
14,173 
Creditors: amounts falling due within one year
(7,157)
(9,123)
Net current assets
7,650 
5,050 
Net assets
8,931 
6,612 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
8,831 
6,512 
Shareholders' funds
8,931 
6,612 
For the year ending 31 August 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 director acknowledges her 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 1 November 2024 and were signed on its behalf by
Mrs. Irfana Begum MOHAMED SAALIM Director Company Registration No. SC640281
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VAPE & PHONES LTD Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
VAPE & PHONES LTD is a private company, limited by shares, registered in Scotland, registration number SC640281. The registered office is 34/2 Bryson road, Edinburgh , EH111DX, UNITED KINGDOM.
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:
Motor vehicles
18%
Fixtures & fittings
18%
Computer equipment
18%
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.
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VAPE & PHONES LTD Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 September 2023
880 
1,460 
850 
3,190 
At 31 August 2024
880 
1,460 
850 
3,190 
Depreciation
At 1 September 2023
395 
768 
465 
1,628 
Charge for the year
87 
125 
69 
281 
At 31 August 2024
482 
893 
534 
1,909 
Net book value
At 31 August 2024
398 
567 
316 
1,281 
At 31 August 2023
485 
692 
385 
1,562 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
545 
968 
Other creditors
418 
413 
Loans from directors
6,194 
7,742 
7,157 
9,123 
6
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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