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REGISTERED NUMBER: 09969886 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

GREAT BRITISH VAPE COMPANY LTD

GREAT BRITISH VAPE COMPANY LTD (REGISTERED NUMBER: 09969886)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREAT BRITISH VAPE COMPANY LTD

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: James Benjamin Anderson
Irshad Umer Kara
Mark Daniel Christopher Shaw





REGISTERED OFFICE: Elizabeth House
Victoria Street
Manchester
Lancashire
M11 2NX





REGISTERED NUMBER: 09969886 (England and Wales)

GREAT BRITISH VAPE COMPANY LTD (REGISTERED NUMBER: 09969886)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 23,253 42,634

CURRENT ASSETS
Inventories 790,252 749,560
Debtors 5 2,717,721 1,725,243
Cash at bank and in hand 1,914 101,482
3,509,887 2,576,285
CREDITORS
Amounts falling due within one year 6 2,465,990 1,082,974
NET CURRENT ASSETS 1,043,897 1,493,311
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,067,150

1,535,945

CREDITORS
Amounts falling due after more than one
year

7

933,984

1,533,358
NET ASSETS 133,166 2,587

CAPITAL AND RESERVES
Called up share capital 300 300
Share premium 499,701 499,701
Retained earnings (366,835 ) (497,414 )
SHAREHOLDERS' FUNDS 133,166 2,587

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

GREAT BRITISH VAPE COMPANY LTD (REGISTERED NUMBER: 09969886)

BALANCE SHEET - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2024 and were signed on its behalf by:





Irshad Umer Kara - Director


GREAT BRITISH VAPE COMPANY LTD (REGISTERED NUMBER: 09969886)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Great British Vape Company Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Short leasehold - 50% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 28 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 34,971 381,704 416,675
Additions - 442 442
At 31 December 2023 34,971 382,146 417,117
DEPRECIATION
At 1 January 2023 34,971 339,070 374,041
Charge for year - 19,823 19,823
At 31 December 2023 34,971 358,893 393,864
NET BOOK VALUE
At 31 December 2023 - 23,253 23,253
At 31 December 2022 - 42,634 42,634

GREAT BRITISH VAPE COMPANY LTD (REGISTERED NUMBER: 09969886)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,947,155 974,799
Other debtors 770,566 750,444
2,717,721 1,725,243

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 2,092,817 602,053
Taxation and social security 319,481 297,903
Other creditors 53,692 183,018
2,465,990 1,082,974

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 933,984 1,533,358