Total E-Cig Limited 09281371 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is sale of electronic cigarettes and consumables Digita Accounts Production Advanced 6.30.9574.0 true true 09281371 2023-11-01 2024-10-31 09281371 2024-10-31 09281371 bus:OrdinaryShareClass1 2024-10-31 09281371 core:CurrentFinancialInstruments 2024-10-31 09281371 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 09281371 core:FurnitureFittingsToolsEquipment 2024-10-31 09281371 core:LandBuildings 2024-10-31 09281371 core:MotorVehicles 2024-10-31 09281371 bus:SmallEntities 2023-11-01 2024-10-31 09281371 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 09281371 bus:FilletedAccounts 2023-11-01 2024-10-31 09281371 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 09281371 bus:RegisteredOffice 2023-11-01 2024-10-31 09281371 bus:Director1 2023-11-01 2024-10-31 09281371 bus:Director2 2023-11-01 2024-10-31 09281371 bus:Director3 2023-11-01 2024-10-31 09281371 bus:Director4 2023-11-01 2024-10-31 09281371 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 09281371 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09281371 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 09281371 core:LandBuildings 2023-11-01 2024-10-31 09281371 core:MotorVehicles 2023-11-01 2024-10-31 09281371 countries:EnglandWales 2023-11-01 2024-10-31 09281371 2023-10-31 09281371 core:FurnitureFittingsToolsEquipment 2023-10-31 09281371 core:LandBuildings 2023-10-31 09281371 core:MotorVehicles 2023-10-31 09281371 2022-11-01 2023-10-31 09281371 2023-10-31 09281371 bus:OrdinaryShareClass1 2023-10-31 09281371 core:CurrentFinancialInstruments 2023-10-31 09281371 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 09281371 core:FurnitureFittingsToolsEquipment 2023-10-31 09281371 core:LandBuildings 2023-10-31 09281371 core:MotorVehicles 2023-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 09281371

Total E-Cig Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

Total E-Cig Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Total E-Cig Limited

Company Information

Directors

J Elvin

C Robinson

M Robinson

Y Robinson

Registered office

19 Milton Road East
Lowestoft
NR32 1NT

 

Total E-Cig Limited

(Registration number: 09281371)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

49,165

49,997

Current assets

 

Stocks

5

250,000

250,000

Debtors

6

45,527

58,970

Cash at bank and in hand

 

106,443

129,113

 

401,970

438,083

Creditors: Amounts falling due within one year

7

(147,113)

(124,670)

Net current assets

 

254,857

313,413

Net assets

 

304,022

363,410

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

303,922

363,310

Shareholders' funds

 

304,022

363,410

For the financial year ending 31 October 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 year 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 Profit and Loss Account.

Approved and authorised by the Board on 20 May 2025 and signed on its behalf by:
 

.........................................

M Robinson
Director

 

Total E-Cig Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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:
19 Milton Road East
Lowestoft
NR32 1NT

The principal place of business is:
17 Milton Road East
Lowestoft
Suffolk
NR32 1NT

These financial statements were authorised for issue by the Board on 20 May 2025.

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.

Going concern

The financial statements have been prepared on a going concern basis.

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 sales/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 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.

 

Total E-Cig Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Tangible assets

Tangible assets are stated in the balance sheet 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:

Asset class

Depreciation method and rate

Land and buildings

Not provided

Furniture, fittings and equipment

15% reducing balance

Motor vehicles

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, 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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Total E-Cig Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 17 (2023 - 16).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 November 2023

16,922

57,903

15,308

90,133

Additions

-

5,618

-

5,618

At 31 October 2024

16,922

63,521

15,308

95,751

Depreciation

At 1 November 2023

-

31,286

8,850

40,136

Charge for the year

-

4,836

1,614

6,450

At 31 October 2024

-

36,122

10,464

46,586

Carrying amount

At 31 October 2024

16,922

27,399

4,844

49,165

At 31 October 2023

16,922

26,617

6,458

49,997

Included within the net book value of land and buildings above is £16,922 (2023 - £16,922) in respect of freehold land and buildings.
 

5

Stocks

2024
£

2023
£

Other inventories

250,000

250,000

 

Total E-Cig Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

6

Debtors

2024
£

2023
£

Prepayments

5,527

3,970

Other debtors

40,000

55,000

45,527

58,970

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

17,568

16,733

Taxation and social security

18,865

13,866

Other creditors

110,680

94,071

147,113

124,670

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

9

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

111,253

117,783