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Company Registration No. 08857769 (England and Wales)
Red Vape Limited Unaudited accounts for the year ended 31 May 2024
Red Vape Limited Unaudited accounts Contents
Page
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Red Vape Limited Company Information for the year ended 31 May 2024
Director
Neil Entwistle
Company Number
08857769 (England and Wales)
Registered Office
WELBECK HOUSE 69, LOUGHBOROUGH ROAD WEST BRIDGFORD NOTTINGHAM NOTTINGHAMSHIRE NG2 7LA ENGLAND
Accountants
M.A.D. Accountants Ltd Welbeck House 69 Loughborough Road West Bridgford Nottinghamshire NG2 7LA
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Red Vape Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
542 
572 
Current assets
Inventories
27,637 
29,806 
Debtors
1,233 
- 
Cash at bank and in hand
32,082 
41,414 
60,952 
71,220 
Creditors: amounts falling due within one year
(29,730)
(23,538)
Net current assets
31,222 
47,682 
Total assets less current liabilities
31,764 
48,254 
Creditors: amounts falling due after more than one year
(6,001)
(12,001)
Provisions for liabilities
Deferred tax
- 
(109)
Net assets
25,763 
36,144 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
25,663 
36,044 
Shareholders' funds
25,763 
36,144 
For the year ending 31 May 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 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 31 December 2024 and were signed on its behalf by
Neil Entwistle Director Company Registration No. 08857769
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Red Vape Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Red Vape Limited is a private company, limited by shares, registered in England and Wales, registration number 08857769. The registered office is WELBECK HOUSE 69, LOUGHBOROUGH ROAD, WEST BRIDGFORD, NOTTINGHAM, NOTTINGHAMSHIRE, NG2 7LA, ENGLAND.
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
These financial statements for the year ended 31 May 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 June 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.
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
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2023
300 
1,427 
1,727 
Additions
- 
150 
150 
At 31 May 2024
300 
1,577 
1,877 
Depreciation
At 1 June 2023
164 
991 
1,155 
Charge for the year
34 
146 
180 
At 31 May 2024
198 
1,137 
1,335 
Net book value
At 31 May 2024
102 
440 
542 
At 31 May 2023
136 
436 
572 
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Red Vape Limited Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
633 
- 
Other debtors
600 
- 
1,233 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,000 
6,000 
VAT
2,824 
4,664 
Trade creditors
17,457 
2,861 
Taxes and social security
2,499 
3,597 
Loans from directors
950 
6,416 
29,730 
23,538 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
6,001 
12,001 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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