Mrs Gorilla Vapes Ltd 15352877 false 2023-12-15 2024-12-31 2024-12-31 The principal activity of the company is the retail of vaping products and accessories Digita Accounts Production Advanced 6.30.9574.0 true false 15352877 2023-12-15 2024-12-31 15352877 2024-12-31 15352877 core:CurrentFinancialInstruments 2024-12-31 15352877 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 15352877 core:BetweenTwoFiveYears 2024-12-31 15352877 core:FurnitureFittingsToolsEquipment 2024-12-31 15352877 bus:SmallEntities 2023-12-15 2024-12-31 15352877 bus:AuditExemptWithAccountantsReport 2023-12-15 2024-12-31 15352877 bus:FilletedAccounts 2023-12-15 2024-12-31 15352877 bus:SmallCompaniesRegimeForAccounts 2023-12-15 2024-12-31 15352877 bus:RegisteredOffice 2023-12-15 2024-12-31 15352877 bus:Director2 2023-12-15 2024-12-31 15352877 bus:PrivateLimitedCompanyLtd 2023-12-15 2024-12-31 15352877 core:FurnitureFittingsToolsEquipment 2023-12-15 2024-12-31 15352877 core:EntitiesWithJointControlOrSignificantInfluenceOverReportingEntity 2023-12-15 2024-12-31 15352877 core:ParentEntities 2023-12-15 2024-12-31 15352877 1 2023-12-15 2024-12-31 15352877 countries:EnglandWales 2023-12-15 2024-12-31 iso4217:GBP xbrli:pure

Registration number: 15352877

Mrs Gorilla Vapes Ltd

Unaudited Filleted Financial Statements

for the Period from 15 December 2023 to 31 December 2024

 

Mrs Gorilla Vapes Ltd

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 7

 

Mrs Gorilla Vapes Ltd

(Registration number: 15352877)
Statement of Financial Position as at 31 December 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

9,539

Current assets

 

Stocks

5

53,797

Debtors

6

51,011

Cash at bank and in hand

 

18,120

 

122,928

Creditors: Amounts falling due within one year

7

(39,913)

Net current assets

 

83,015

Net assets

 

92,554

Capital and reserves

 

Called up share capital

100

Profit and loss account

92,454

Shareholders' funds

 

92,554

For the financial period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 17 April 2025 and signed on its behalf by:
 


Serge Bitton
Director

 

Mrs Gorilla Vapes Ltd

Notes to the Unaudited Financial Statements for the Period from 15 December 2023 to 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
80 Oxford Street
Burnham-on-Sea
Somerset
TA8 1EF
United Kingdom

Principal activity

The principal activity of the company is the retail of vaping products and accessories

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling which is the functional currency of the entity.

 

Mrs Gorilla Vapes Ltd

Notes to the Unaudited Financial Statements for the Period from 15 December 2023 to 31 December 2024 (continued)

2

Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

 

Mrs Gorilla Vapes Ltd

Notes to the Unaudited Financial Statements for the Period from 15 December 2023 to 31 December 2024 (continued)

2

Accounting policies (continued)

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Costs include all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. .

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3.

 

Mrs Gorilla Vapes Ltd

Notes to the Unaudited Financial Statements for the Period from 15 December 2023 to 31 December 2024 (continued)

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

12,719

12,719

At 31 December 2024

12,719

12,719

Depreciation

Charge for the period

3,180

3,180

At 31 December 2024

3,180

3,180

Carrying amount

At 31 December 2024

9,539

9,539

5

Stocks

2024
£

Finished goods and goods for resale

53,797

6

Debtors

Note

2024
£

Amounts owed by related parties

10

47,363

Other debtors

 

648

Prepayments

 

3,000

 

51,011

 

Mrs Gorilla Vapes Ltd

Notes to the Unaudited Financial Statements for the Period from 15 December 2023 to 31 December 2024 (continued)

7

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

455

Taxation and social security

38,256

Accruals and deferred income

1,202

39,913

8

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

9

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

Later than one year and not later than five years

60,000

The amount of non-cancellable operating lease payments recognised as an expense during the period was £12,000 .

10

Related party transactions

Summary of transactions with parent

At the balance sheet date, the company was owed £21,461 by its parent, SLB Investment Holdings Ltd, a company incorporated in England and Wales. The loan is interest free and repayable on demand.

 

Mrs Gorilla Vapes Ltd

Notes to the Unaudited Financial Statements for the Period from 15 December 2023 to 31 December 2024 (continued)

10

Related party transactions (continued)

Summary of transactions with all entities with joint control or significant interest

During the period, the company made purchases of £83,333 from an entity under common control, Gorilla Vapes Distro Ltd, a company incorporated in England and Wales. At the balance sheet date, it was owed £29,000 by this company. The loan is interest free and repayable on demand.

At the balance sheet date, the company owed £3,098 to Gorilla Vapes Bridgwater Ltd, a company incorporated in England and Wales and under common control. The loan is interest free and repayable on demand.

11

Parent and ultimate parent undertaking

The company's immediate parent is SLB Investment Holdings Ltd, incorporated in England and Wales.