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Company Registration No. 12416176 (England and Wales)
Love N Vape Ltd Unaudited accounts for the year ended 31 December 2024
Love N Vape Ltd Unaudited accounts Contents
Page
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Love N Vape Ltd Company Information for the year ended 31 December 2024
Director
Ihtisham Hussain
Company Number
12416176 (England and Wales)
Registered Office
27-28 Baxter Gate Doncaster DN1 1LD
Accountants
Sultan Accountants Ltd 298 Gibbet Street Halifax West Yorkshire HX1 4JX
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Love N Vape Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
12,309 
13,328 
Current assets
Inventories
48,376 
35,225 
Cash at bank and in hand
47,400 
40,317 
95,776 
75,542 
Creditors: amounts falling due within one year
(19,870)
(18,079)
Net current assets
75,906 
57,463 
Total assets less current liabilities
88,215 
70,791 
Creditors: amounts falling due after more than one year
(10,715)
(13,835)
Net assets
77,500 
56,956 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
77,400 
56,856 
Shareholders' funds
77,500 
56,956 
For the year ending 31 December 2024 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 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 7 August 2025 and were signed on its behalf by
Ihtisham Hussain Director Company Registration No. 12416176
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Love N Vape Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Love N Vape Ltd is a private company, limited by shares, registered in England and Wales, registration number 12416176. The registered office is 27-28 Baxter Gate, Doncaster, DN1 1LD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15%
Computer equipment
15%
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
18,902 
766 
19,668 
Additions
2,271 
- 
2,271 
At 31 December 2024
21,173 
766 
21,939 
Depreciation
At 1 January 2024
5,884 
456 
6,340 
Charge for the year
3,176 
114 
3,290 
At 31 December 2024
9,060 
570 
9,630 
Net book value
At 31 December 2024
12,113 
196 
12,309 
At 31 December 2023
13,018 
310 
13,328 
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Love N Vape Ltd Notes to the Accounts for the year ended 31 December 2024
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
5,356 
648 
Trade creditors
8,115 
11,254 
Taxes and social security
4,899 
4,677 
Other creditors
1,500 
1,500 
19,870 
18,079 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,515 
10,635 
Loans from directors
3,200 
3,200 
10,715 
13,835 
7
Average number of employees
During the year the average number of employees was 5 (2023: 3).
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