Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 10316687 Mr Alexey Amerikov iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10316687 2023-08-31 10316687 2024-08-31 10316687 2023-09-01 2024-08-31 10316687 frs-core:CurrentFinancialInstruments 2024-08-31 10316687 frs-core:ComputerEquipment 2024-08-31 10316687 frs-core:ComputerEquipment 2023-09-01 2024-08-31 10316687 frs-core:ComputerEquipment 2023-08-31 10316687 frs-core:FurnitureFittings 2024-08-31 10316687 frs-core:FurnitureFittings 2023-09-01 2024-08-31 10316687 frs-core:FurnitureFittings 2023-08-31 10316687 frs-core:ShareCapital 2024-08-31 10316687 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 10316687 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10316687 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 10316687 frs-bus:SmallEntities 2023-09-01 2024-08-31 10316687 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10316687 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 10316687 frs-bus:Director1 2023-09-01 2024-08-31 10316687 frs-countries:EnglandWales 2023-09-01 2024-08-31 10316687 2022-08-31 10316687 2023-08-31 10316687 2022-09-01 2023-08-31 10316687 frs-core:CurrentFinancialInstruments 2023-08-31 10316687 frs-core:ShareCapital 2023-08-31 10316687 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31
Registered number: 10316687
VAPE PEOPLE LIMITED
Unaudited Financial Statements
For The Year Ended 31 August 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10316687
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 383 1,553
383 1,553
CURRENT ASSETS
Stocks 5 3,105 8,365
Debtors 6 524 524
Cash at bank and in hand 1,472 3,334
5,101 12,223
Creditors: Amounts Falling Due Within One Year 7 (38,349 ) (40,772 )
NET CURRENT ASSETS (LIABILITIES) (33,248 ) (28,549 )
TOTAL ASSETS LESS CURRENT LIABILITIES (32,865 ) (26,996 )
NET LIABILITIES (32,865 ) (26,996 )
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account (32,866 ) (26,997 )
SHAREHOLDERS' FUNDS (32,865) (26,996)
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For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Alexey Amerikov
Director
19/05/2025
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
VAPE PEOPLE LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 10316687 . The registered office is Broadway Commercial Estates Ltd, 248 Upper Richmond Road, London, SW15 6TG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% Straight Line Method
Computer Equipment 25% Straight Line Method
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources.
The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The Directors do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 September 2023 958 3,916 4,874
Disposals - (3,916 ) (3,916 )
As at 31 August 2024 958 - 958
Depreciation
As at 1 September 2023 383 2,938 3,321
Provided during the period 192 978 1,170
Disposals - (3,916 ) (3,916 )
As at 31 August 2024 575 - 575
Net Book Value
As at 31 August 2024 383 - 383
As at 1 September 2023 575 978 1,553
5. Stocks
2024 2023
£ £
Finished goods 3,105 8,365
6. Debtors
2024 2023
£ £
Due within one year
Other debtors 524 524
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 37,799 39,284
Taxation and social security 550 1,488
38,349 40,772
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
9. Related Party Transactions
The company was controlled throughout the current period by Mr Alexey Amerikov by virtue of their ownership of the entire issued share capital.
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