IRIS Accounts Production v25.1.4.42 11219274 director 1.3.24 28.2.25 28.2.25 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh112192742024-02-29112192742025-02-28112192742024-03-012025-02-28112192742023-02-28112192742023-03-012024-02-29112192742024-02-2911219274ns15:EnglandWales2024-03-012025-02-2811219274ns14:PoundSterling2024-03-012025-02-2811219274ns10:Director12024-03-012025-02-2811219274ns10:PrivateLimitedCompanyLtd2024-03-012025-02-2811219274ns10:SmallEntities2024-03-012025-02-2811219274ns10:AuditExempt-NoAccountantsReport2024-03-012025-02-2811219274ns10:SmallCompaniesRegimeForDirectorsReport2024-03-012025-02-2811219274ns10:SmallCompaniesRegimeForAccounts2024-03-012025-02-2811219274ns10:FullAccounts2024-03-012025-02-281121927412024-03-012025-02-2811219274ns10:RegisteredOffice2024-03-012025-02-2811219274ns5:CurrentFinancialInstruments2025-02-2811219274ns5:CurrentFinancialInstruments2024-02-2911219274ns5:Non-currentFinancialInstruments2025-02-2811219274ns5:Non-currentFinancialInstruments2024-02-2911219274ns5:ShareCapital2025-02-2811219274ns5:ShareCapital2024-02-2911219274ns5:RetainedEarningsAccumulatedLosses2025-02-2811219274ns5:RetainedEarningsAccumulatedLosses2024-02-2911219274ns5:IntangibleAssetsOtherThanGoodwill2024-03-012025-02-2811219274ns5:PatentsTrademarksLicencesConcessionsSimilar2024-03-012025-02-2811219274ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-03-012025-02-2811219274ns5:ComputerSoftware2024-03-012025-02-2811219274ns5:LeaseholdImprovements2024-03-012025-02-2811219274ns5:PlantMachinery2024-03-012025-02-2811219274ns5:FurnitureFittings2024-03-012025-02-2811219274ns5:MotorVehicles2024-03-012025-02-2811219274ns5:ComputerEquipment2024-03-012025-02-2811219274ns5:IntangibleAssetsOtherThanGoodwill2024-02-2911219274ns5:IntangibleAssetsOtherThanGoodwill2025-02-2811219274ns5:IntangibleAssetsOtherThanGoodwill2024-02-2911219274ns5:LeaseholdImprovements2024-02-2911219274ns5:PlantMachinery2024-02-2911219274ns5:FurnitureFittings2024-02-2911219274ns5:LeaseholdImprovements2025-02-2811219274ns5:PlantMachinery2025-02-2811219274ns5:FurnitureFittings2025-02-2811219274ns5:LeaseholdImprovements2024-02-2911219274ns5:PlantMachinery2024-02-2911219274ns5:FurnitureFittings2024-02-2911219274ns5:MotorVehicles2024-02-2911219274ns5:ComputerEquipment2024-02-2911219274ns5:MotorVehicles2025-02-2811219274ns5:ComputerEquipment2025-02-2811219274ns5:MotorVehicles2024-02-2911219274ns5:ComputerEquipment2024-02-2911219274ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-02-2911219274ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-03-012025-02-2811219274ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2025-02-2811219274ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-02-2911219274ns5:WithinOneYearns5:CurrentFinancialInstruments2025-02-2811219274ns5:WithinOneYearns5:CurrentFinancialInstruments2024-02-29112192741ns10:Director12024-02-29112192741ns10:Director12023-02-28112192741ns10:Director12024-03-012025-02-28112192741ns10:Director12023-03-012024-02-29112192741ns10:Director12025-02-28112192741ns10:Director12024-02-29
REGISTERED NUMBER: 11219274 (England and Wales)











Unaudited Financial Statements

for the Year Ended 28 February 2025

for

VAPEHOUSE KENT LIMITED

VAPEHOUSE KENT LIMITED (REGISTERED NUMBER: 11219274)

Contents of the Financial Statements
FOR THE YEAR ENDED 28 FEBRUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VAPEHOUSE KENT LIMITED

Company Information
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTOR: S D Brice





REGISTERED OFFICE: 5 Tolgate Lane
Rochester
Kent
ME2 4TG





REGISTERED NUMBER: 11219274 (England and Wales)





ACCOUNTANTS: Friend & Grant Ltd
Bryant House
Bryant Road
Strood
Rochester
Kent
ME2 3EW

VAPEHOUSE KENT LIMITED (REGISTERED NUMBER: 11219274)

Balance Sheet
28 FEBRUARY 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 7,957 3,889
Tangible assets 6 142,731 132,883
150,688 136,772

CURRENT ASSETS
Stocks 140,117 150,254
Debtors 7 37,930 57,392
Cash at bank 59,557 79,872
237,604 287,518
CREDITORS
Amounts falling due within one year 8 224,060 172,176
NET CURRENT ASSETS 13,544 115,342
TOTAL ASSETS LESS CURRENT
LIABILITIES

164,232

252,114

CREDITORS
Amounts falling due after more than one
year

9

(78,709

)

(94,701

)

PROVISIONS FOR LIABILITIES (11,210 ) (8,353 )
NET ASSETS 74,313 149,060

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 74,213 148,960
SHAREHOLDERS' FUNDS 74,313 149,060

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps 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 Sections 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.

VAPEHOUSE KENT LIMITED (REGISTERED NUMBER: 11219274)

Balance Sheet - continued
28 FEBRUARY 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2025 and were signed by:





S D Brice - Director


VAPEHOUSE KENT LIMITED (REGISTERED NUMBER: 11219274)

Notes to the Financial Statements
FOR THE YEAR ENDED 28 FEBRUARY 2025


1. STATUTORY INFORMATION

Vapehouse Kent Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, including the presentation and disclosure requirements of Section 1A applicable to small companies, and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable from the sale of goods or exchange of services, excluding discounts, rebates, value added tax and other sales taxes. Turnover is not recognised when goods or services are exchanged for goods or services that are of a similar nature and value or when the transaction lacks commercial substance.

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;
- the company retains neither continuing managerial involvement to the degree usually associated with the ownership nor effective control over the goods sold;
- the amount of revenue can be measured reliably;
- it is probable that the company will receive the consideration due under the transaction;
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademarks are being amortised evenly over their estimated useful life of ten years.

Customer database are being amortised evenly over their estimated useful life of five years.

Website is being amortised evenly over its estimated useful life of five years.

VAPEHOUSE KENT LIMITED (REGISTERED NUMBER: 11219274)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - straight line over lease term
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Motor vehicles - 20% on cost and straight line over lease term
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets held under finance lease and hire purchase contracts are capitalised in the balance sheet and depreciated over their expected useful lives. The interest element of the leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease.

All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Employee benefits
The company recognises a provision for annual leave accrued by employees as a result of services rendered in current period, and which employees are entitled to carry forward and use within the next 12 months. The provision is measured at the salary cost payable for the period of absence.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 12 ) .

VAPEHOUSE KENT LIMITED (REGISTERED NUMBER: 11219274)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2024 6,336
Additions 6,300
At 28 February 2025 12,636
AMORTISATION
At 1 March 2024 2,447
Charge for year 2,232
At 28 February 2025 4,679
NET BOOK VALUE
At 28 February 2025 7,957
At 29 February 2024 3,889

6. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2024 30,181 - 17,360
Additions - 44,352 8,623
At 28 February 2025 30,181 44,352 25,983
DEPRECIATION
At 1 March 2024 10,060 - 10,957
Charge for year 5,030 11,088 5,062
At 28 February 2025 15,090 11,088 16,019
NET BOOK VALUE
At 28 February 2025 15,091 33,264 9,964
At 29 February 2024 20,121 - 6,403

VAPEHOUSE KENT LIMITED (REGISTERED NUMBER: 11219274)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


6. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2024 134,706 11,423 193,670
Additions - 233 53,208
At 28 February 2025 134,706 11,656 246,878
DEPRECIATION
At 1 March 2024 34,837 4,933 60,787
Charge for year 19,687 2,493 43,360
At 28 February 2025 54,524 7,426 104,147
NET BOOK VALUE
At 28 February 2025 80,182 4,230 142,731
At 29 February 2024 99,869 6,490 132,883

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Motor
vehicles
£   
COST
At 1 March 2024
and 28 February 2025 134,174
DEPRECIATION
At 1 March 2024 34,731
Charge for year 19,581
At 28 February 2025 54,312
NET BOOK VALUE
At 28 February 2025 79,862
At 29 February 2024 99,443

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 5,709 23,042
Other debtors 32,221 34,350
37,930 57,392

VAPEHOUSE KENT LIMITED (REGISTERED NUMBER: 11219274)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 4,201 4,200
Hire purchase contracts and finance leases 11,792 20,023
Trade creditors 3,469 -
Taxation and social security 34,228 60,245
Other creditors 170,370 87,708
224,060 172,176

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans 1,049 5,250
Hire purchase contracts and finance leases 77,660 89,451
78,709 94,701

10. SECURED DEBTS

Net obligations under finance lease contracts are secured on the specific assets financed, and by a personal guarantee from S D Brice.

11. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £34,398 (2024: £60,990)

12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 29 February 2024:

2025 2024
£    £   
S D Brice
Balance outstanding at start of year (71,833 ) (44,766 )
Amounts advanced 67,057 48,086
Amounts repaid (28,947 ) (75,153 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (33,723 ) (71,833 )

The loan from the director to the company is unsecured and repayable on demand. Interest is charged at a rate of 12% per annum.

13. RELATED PARTY DISCLOSURES

Included within other creditors is a loan of £33,723 (2024 : £Nil) owing to the wife of the director Mr S Brice. The loan is unsecured and repayable on demand. Interest is charged at a rate of 12% per annum.