IRIS Accounts Production v24.3.2.46 09184542 Board of Directors 1.12.23 30.11.24 30.11.24 false true false false true false Ordinary 0.01000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh091845422023-11-30091845422024-11-30091845422023-12-012024-11-30091845422022-11-30091845422022-12-012023-11-30091845422023-11-3009184542ns15:EnglandWales2023-12-012024-11-3009184542ns14:PoundSterling2023-12-012024-11-3009184542ns10:Director12023-12-012024-11-3009184542ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3009184542ns10:SmallEntities2023-12-012024-11-3009184542ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3009184542ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3009184542ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3009184542ns10:FullAccounts2023-12-012024-11-3009184542ns10:OrdinaryShareClass12023-12-012024-11-3009184542ns10:Director22023-12-012024-11-3009184542ns10:RegisteredOffice2023-12-012024-11-3009184542ns5:CurrentFinancialInstruments2024-11-3009184542ns5:CurrentFinancialInstruments2023-11-3009184542ns5:Non-currentFinancialInstruments2024-11-3009184542ns5:Non-currentFinancialInstruments2023-11-3009184542ns5:ShareCapital2024-11-3009184542ns5:ShareCapital2023-11-3009184542ns5:RetainedEarningsAccumulatedLosses2024-11-3009184542ns5:RetainedEarningsAccumulatedLosses2023-11-3009184542ns5:FurnitureFittings2023-12-012024-11-3009184542ns5:MotorVehicles2023-12-012024-11-3009184542ns5:ComputerEquipment2023-12-012024-11-3009184542ns5:FurnitureFittings2023-11-3009184542ns5:MotorVehicles2023-11-3009184542ns5:ComputerEquipment2023-11-3009184542ns5:FurnitureFittings2024-11-3009184542ns5:MotorVehicles2024-11-3009184542ns5:ComputerEquipment2024-11-3009184542ns5:FurnitureFittings2023-11-3009184542ns5:MotorVehicles2023-11-3009184542ns5:ComputerEquipment2023-11-3009184542ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3009184542ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3009184542ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-11-3009184542ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2023-11-3009184542ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-11-3009184542ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-11-3009184542ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-11-3009184542ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-11-3009184542ns5:HirePurchaseContracts2024-11-3009184542ns5:HirePurchaseContracts2023-11-3009184542ns5:WithinOneYear2024-11-3009184542ns5:WithinOneYear2023-11-3009184542ns5:BetweenOneFiveYears2024-11-3009184542ns5:BetweenOneFiveYears2023-11-3009184542ns5:MoreThanFiveYears2024-11-3009184542ns5:MoreThanFiveYears2023-11-3009184542ns5:AllPeriods2024-11-3009184542ns5:AllPeriods2023-11-3009184542ns5:Secured2024-11-3009184542ns5:Secured2023-11-3009184542ns10:OrdinaryShareClass12024-11-30
REGISTERED NUMBER: 09184542 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 November 2024

for

888 Vapour Ltd

888 Vapour Ltd (Registered number: 09184542)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


888 Vapour Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: L M Chapman
Mrs J R Chapman





REGISTERED OFFICE: Jarvis House
Sadler Road
Lincoln
LN6 3RS





REGISTERED NUMBER: 09184542 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

888 Vapour Ltd (Registered number: 09184542)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 215,917 159,687

CURRENT ASSETS
Stocks 453,642 320,180
Debtors 5 146,248 80,651
Cash at bank and in hand 209,133 106,060
809,023 506,891
CREDITORS
Amounts falling due within one year 6 356,825 232,882
NET CURRENT ASSETS 452,198 274,009
TOTAL ASSETS LESS CURRENT
LIABILITIES

668,115

433,696

CREDITORS
Amounts falling due after more than one
year

7

(120,991

)

(72,355

)

PROVISIONS FOR LIABILITIES (29,804 ) (34,552 )
NET ASSETS 517,320 326,789

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 517,319 326,788
SHAREHOLDERS' FUNDS 517,320 326,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 March 2025 and were signed on its behalf by:





Mrs J R Chapman - Director


888 Vapour Ltd (Registered number: 09184542)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

888 Vapour 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover 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 each asset over its estimated useful life.
Fixtures and fittings - 33% on cost, 25% on cost and 10% on cost
Motor vehicles - 25% on cost
Licences - 33% on cost, 12.5% on cost and 10% on cost

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

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

888 Vapour Ltd (Registered number: 09184542)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

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 32 (2023 - 30 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Licences Totals
£    £    £    £   
COST
At 1 December 2023 127,119 102,382 54,990 284,491
Additions 42,582 129,453 17,642 189,677
Disposals - (102,382 ) - (102,382 )
At 30 November 2024 169,701 129,453 72,632 371,786
DEPRECIATION
At 1 December 2023 68,103 33,452 23,249 124,804
Charge for year 33,409 23,339 12,229 68,977
Eliminated on disposal - (37,912 ) - (37,912 )
At 30 November 2024 101,512 18,879 35,478 155,869
NET BOOK VALUE
At 30 November 2024 68,189 110,574 37,154 215,917
At 30 November 2023 59,016 68,930 31,741 159,687

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 34,157 593
Other debtors 94,091 62,058
128,248 62,651

Amounts falling due after more than one year:
Other debtors 18,000 18,000

Aggregate amounts 146,248 80,651

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 8) 15,146 12,389
Trade creditors 120,032 61,896
Amounts owed to group undertakings - 19,113
Taxation and social security 199,268 119,028
Other creditors 12,379 10,456
356,825 232,882

888 Vapour Ltd (Registered number: 09184542)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 8,334 18,334
Hire purchase contracts (see note 8) 112,657 54,021
120,991 72,355

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 15,146 12,389
Between one and five years 112,657 54,021
127,803 66,410

Non-cancellable operating leases
2024 2023
£    £   
Within one year 165,533 183,533
Between one and five years 438,142 438,142
In more than five years 501,000 537,000
1,104,675 1,158,675

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 18,334 28,334
Hire purchase contracts 127,803 66,410
146,137 94,744

Obligations under hire purchase contracts are secured on the assets to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £0.01 1 1

11. CONTINGENT LIABILITIES

Group borrowings have been secured by way of a fixed and floating charge against current and future assets of the company.

12. ULTIMATE CONTROLLING PARTY

The Company is controlled by J R Chapman by virtue of her shareholding in TCF Group Ltd, the parent company of 888 Vapour Ltd.