2024-02-28 15527957 2025-03-31 15527957 2024-02-28 2025-03-31 15527957 uk-core:WithinOneYear 2025-03-31 15527957 uk-core:RetainedEarningsAccumulatedLosses 2025-03-31 15527957 uk-bus:Director1 2024-02-28 2025-03-31 15527957 uk-core:ComputerEquipment 2024-02-28 2025-03-31 15527957 uk-core:BetweenTwoFiveYears 2025-03-31 iso4217:GBP xbrli:pure 15527957 uk-bus:AuditExemptWithAccountantsReport 2024-02-28 2025-03-31 15527957 uk-bus:FRS102 2024-02-28 2025-03-31 15527957 uk-bus:FilletedAccounts 2024-02-28 2025-03-31 15527957 uk-bus:PrivateLimitedCompanyLtd 2024-02-28 2025-03-31
Hillsborough Vape Lounge Limited
Registered Number:15527957
For the period ended 31 March 2025
England and Wales
Unaudited Financial Statements
2
For the period ended 31 March 2025
Hillsborough Vape Lounge Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
15527957
As at 31 March 2025
Hillsborough Vape Lounge Limited
Statement of Financial Position
£
2025
Notes
Fixed assets
Property, plant and equipment
7,312
2
7,312
Current assets
Inventories
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
Capital and reserves
Retained earnings
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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4
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.
Registered address:
568 Langsett Road
Sheffield
S6 2LX
The presentation currency is £ sterling.
1. Accounting policies
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:
15% Reducing balance
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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5
For the period ended 31 March 2025
Hillsborough Vape Lounge Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Furniture and
Fittings
£
Cost or
valuation
8,397
Additions
At 31 March 2025
8,397
Provision for depreciation and impairment
Charge for period
1,085
At 31 March 2025
1,085
At 31 March 2025
Net book value
7,312
3. Trade and other receivables
2025
£
Other debtors
1,479
4. Trade and other payables: amounts falling due within one year
2025
£
Taxation and social security
21,401
Other creditors
11,310
32,711
5. Guarantees and other financial commitments
Lease 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
Within 1 year
11,760
Within 2 to 5 years
18,480
6. Average number of persons employed
During the year the average number of employees was 5
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