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Company Registration No. 09166184 (England and Wales)
Time2Vape Limited Unaudited accounts for the year ended 31 May 2024
Time2Vape Limited Unaudited accounts Contents
Page
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Time2Vape Limited Company Information for the year ended 31 May 2024
Directors
Stewart Smith Mark Smith Lauren Smith Charlotte Smith Oliver Pringle
Company Number
09166184 (England and Wales)
Registered Office
4B Lynx Business Park Snailwell Newmarket CB8 7NY United Kingdom
Accountants
TFA Partners Ltd 4B Lynx Business Park Fordham Road Snailwell Newmarket Cambridgeshire CB8 7NY
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Time2Vape Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
12,000 
7,500 
Tangible assets
275,988 
493,155 
287,988 
500,655 
Current assets
Inventories
532,674 
553,947 
Debtors
116,048 
126,121 
Cash at bank and in hand
983,461 
689,728 
1,632,183 
1,369,796 
Creditors: amounts falling due within one year
(707,308)
(543,857)
Net current assets
924,875 
825,939 
Total assets less current liabilities
1,212,863 
1,326,594 
Creditors: amounts falling due after more than one year
(51,735)
(96,478)
Net assets
1,161,128 
1,230,116 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
1,161,126 
1,230,114 
Shareholders' funds
1,161,128 
1,230,116 
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 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 17 June 2024 and were signed on its behalf by
Oliver Pringle Director Company Registration No. 09166184
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Time2Vape Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Time2Vape Limited is a private company, limited by shares, registered in England and Wales, registration number 09166184. The registered office is 4B Lynx Business Park, Snailwell, Newmarket, CB8 7NY, 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.
Tangible fixed assets policy
Where relevant in the period, depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20%
Motor vehicles
20%
Fixtures & fittings
20%
Computer equipment
20%
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 June 2023
7,500 
Additions
7,500 
At 31 May 2024
15,000 
Amortisation
At 1 June 2023
- 
Charge for the year
3,000 
At 31 May 2024
3,000 
Net book value
At 31 May 2024
12,000 
At 31 May 2023
7,500 
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Time2Vape Limited Notes to the Accounts for the year ended 31 May 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 June 2023
36,416 
426,132 
194,723 
13,570 
670,841 
Additions
1,494 
- 
20,038 
1,910 
23,442 
Disposals
- 
(106,900)
- 
- 
(106,900)
At 31 May 2024
37,910 
319,232 
214,761 
15,480 
587,383 
Depreciation
At 1 June 2023
14,711 
39,614 
118,425 
4,936 
177,686 
Charge for the year
4,640 
57,869 
19,266 
2,109 
83,884 
On disposals
- 
49,825 
- 
- 
49,825 
At 31 May 2024
19,351 
147,308 
137,691 
7,045 
311,395 
Net book value
At 31 May 2024
18,559 
171,924 
77,070 
8,435 
275,988 
At 31 May 2023
21,705 
386,518 
76,298 
8,634 
493,155 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
62,967 
19,501 
Accrued income and prepayments
18,000 
- 
Other debtors
35,081 
38,181 
116,048 
57,682 
Amounts falling due after more than one year
Accrued income and prepayments
- 
68,439 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
224,763 
156,737 
Obligations under finance leases and hire purchase contracts
12,000 
28,200 
Taxes and social security
353,707 
127,686 
Other creditors
8,136 
- 
Loans from directors
81,702 
196,435 
Accruals
17,000 
24,799 
707,308 
543,857 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
10,000 
19,592 
Obligations under finance leases and hire purchase contracts
41,735 
76,886 
51,735 
96,478 
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Time2Vape Limited Notes to the Accounts for the year ended 31 May 2024
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
200 Ordinary shares of £0.01 each
2 
2 
10
Transactions with related parties
Rent charged to Time2Vape Limited in the period of £7,400 from Thoroughbred Developments Limited, a company under common control.
11
Average number of employees
During the year the average number of employees was 40 (2023: 40).
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