| Hillsborough Vape Lounge Limited |
| Registered Number:15527957 |
For the period ended 31 March 2025
England and Wales
Unaudited Financial Statements
For the period ended 31 March 2025
Hillsborough Vape Lounge Limited
Contents Page
1
Statement of Financial Position
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Notes to the Financial Statements
Hillsborough Vape Lounge Limited
Statement of Financial Position
2025
| Property, plant and equipment |
7,312
2
7,312
40,708
| Trade and other receivables |
1,479
3
| Cash and cash equivalents |
18,714
60,901
| Trade and other payables: amounts falling due within one |
| year |
(32,711)
4
28,190
Net current assets
| Total assets less current liabilities |
35,502
35,502
Net assets/liabilities
35,502
35,502
Shareholders' funds
| For the period ended 31 March 2025 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies. |
| The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006 |
| The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| Mr. S.J.Mansfield Director |
| These financial statements were approved and authorised for issue by the Board on 11 July 2025 and were signed by: |
| The notes form part of these financial statements |
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For the period ended 31 March 2025
Hillsborough Vape Lounge Limited
Notes to the Financial Statements
Statutory Information
| Hillsborough Vape Lounge Limited is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 15527957. |
568 Langsett Road
Sheffield
S6 2LX
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Property, plant and equipment
| Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Furniture and Fittings
Inventories
| Stocks, which comprise of vapes and vape related products, are valued at the lower of cost and net realisable value. Cost is calculated on a first in, first out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate. |
Deferred tax
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Debtors and creditors due within one year
| Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transcation price. |
| Any losses arising from impairment are recognised in the statement of comprehensive income within administrative |
| expenses. |
Impairment
| At each balance sheet date, assets are reviewed to determine whether there is any indication that any of the |
| individual assets have suffered an impairment. If such indication exists, the recoverable amount of the asset, or the |
| assest cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds |
| its recoverable amount, an impairment loss is recognised in the statement of comprehensive income. |
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For the period ended 31 March 2025
Hillsborough Vape Lounge Limited
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
8,397
8,397
| Provision for depreciation and impairment |
Charge for period
1,085
1,085
7,312
| 3. Trade and other receivables |
2025
1,479
| 4. Trade and other payables: amounts falling due within one year |
2025
| Taxation and social security |
21,401
11,310
32,711
| 5. Guarantees and other financial commitments |
| At 31 March 2025 the company had annual commitments under non-cancellable operating leases as set out below: |
2025
| Operating leases which expire: |
6,720
11,760
18,480
| 6. Average number of persons employed |
During the year the average number of employees was 5
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