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Company Registration No. 11217779 (England and Wales)
Hidden Vapes Limited Unaudited financial accounts for the year ended 29 February 2024
Hidden Vapes Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,098 
2,622 
Current assets
Inventories
5,000 
5,000 
Debtors
30,000 
50,697 
Cash at bank and in hand
5,486 
9,404 
40,486 
65,101 
Creditors: amounts falling due within one year
(21,233)
(22,104)
Net current assets
19,253 
42,997 
Total assets less current liabilities
21,351 
45,619 
Creditors: amounts falling due after more than one year
(11,259)
(21,429)
Provisions for liabilities
Deferred tax
(419)
(498)
Net assets
9,673 
23,692 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
9,573 
23,592 
Shareholders' funds
9,673 
23,692 
For the year ending 29 February 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 14 November 2024 and were signed on its behalf by
Lorenzo Bonura Director Company Registration No. 11217779
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Hidden Vapes Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Hidden Vapes Limited is a private company, limited by shares, registered in England and Wales, registration number 11217779. The registered office is Unit 1, Brewery Road, Hoddesdon, EN11 8HF.
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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
20% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Hidden Vapes Limited Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2023
8,000 
At 29 February 2024
8,000 
Depreciation
At 1 March 2023
5,378 
Charge for the year
524 
At 29 February 2024
5,902 
Net book value
At 29 February 2024
2,098 
At 28 February 2023
2,622 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
30,000 
50,697 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,116 
10,116 
VAT
959 
988 
Taxes and social security
9,459 
9,911 
Loans from directors
99 
369 
Accruals
600 
720 
21,233 
22,104 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
11,259 
21,429 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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