Registered number
10488912
HYDE VAPES LTD
Filleted Accounts
30 November 2024
HYDE VAPES LTD
Registered number: 10488912
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 4,741 6,317
Current assets
Stocks 10,411 35,000
Debtors 4 23,980 30,774
Cash at bank and in hand 31,797 4,247
66,188 70,021
Creditors: amounts falling due within one year 5 (200,250) (273,856)
Net current liabilities (134,062) (203,835)
Net liabilities (129,321) (197,518)
Capital and reserves
Called up share capital 50 50
Profit and loss account (129,371) (197,568)
Shareholders' funds (129,321) (197,518)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
H W BIN YAHYA
Director
Approved by the board on 25 August 2025
HYDE VAPES LTD
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Going concern
The director has assessed whether the use of the going concern assumption is appropriate in preparing these accounts. The director has made this assessment in respect to a period of one year from the date of approval of these accounts.

The director has concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The director is of the opinion that the company will have sufficient resources to meet its liabilities as they fall due.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings 20% RB
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 1
3 Tangible fixed assets
Fixtures and Fittings Computer and Equipment Total
£ £ £
Cost
At 1 December 2023 16,161 3,661 19,822
At 30 November 2024 16,161 3,661 19,822
Depreciation
At 1 December 2023 12,249 1,256 13,505
Charge for the year 782 794 1,576
At 30 November 2024 13,031 2,050 15,081
Net book value
At 30 November 2024 3,130 1,611 4,741
At 30 November 2023 3,912 2,405 6,317
4 Debtors 2024 2023
£ £
Trade debtors - 30,722
Other debtors 23,980 52
23,980 30,774
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 7,589
Trade creditors 1,867 11,548
VAT 23,276 6,822
Taxation and social security costs 626 410
Other creditors 174,481 247,487
200,250 273,856
6 Other information
HYDE VAPES LTD is a private company limited by shares and incorporated in England. Its registered office is:
103 WATERLOO ROAD
LONDON
ENGLAND
SE18UL
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