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
Red Vape Limited
Company Information
for the year ended 31 May 2024
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
Red Vape Limited
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
32,082
41,414
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
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
Red Vape Limited
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
At 31 May 2024
300
1,577
1,877
At 1 June 2023
164
991
1,155
Charge for the year
34
146
180
At 31 May 2024
198
1,137
1,335
At 31 May 2024
102
440
542
At 31 May 2023
136
436
572
Red Vape Limited
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,000
6,000
Trade creditors
17,457
2,861
Taxes and social security
2,499
3,597
Loans from directors
950
6,416
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).