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Company Registration No. 11217779 (England and Wales)
Hidden Vapes Limited Unaudited financial accounts for the year ended 28 February 2025
Hidden Vapes Limited Statement of financial position as at 28 February 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,679
2,098
Current assets
Inventories
5,000
5,000
Debtors
5
30,000
30,000
Cash at bank and in hand
7,771
5,486
42,771
40,486
Creditors: amounts falling due within one year
6
(22,893)
(21,233)
Net current assets
19,878
19,253
Total assets less current liabilities
21,557
21,351
Creditors: amounts falling due after more than one year
7
(1,759)
(11,259)
Provisions for liabilities
Deferred tax
(335)
(419)
Net assets
19,463
9,673
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
19,363
9,573
Shareholders' funds
19,463
9,673
For the year ending 28 February 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 of Directors and authorised for issue on 14 November 2025 and were signed on its behalf by
Lorenzo Bonura Director Company Registration No. 11217779
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Hidden Vapes Limited Notes to the Accounts for the year ended 28 February 2025
1
Statutory information
Hidden Vapes Limited is a private company, limited by shares, registered in England and Wales, registration number 11217779. The registered office is Unit 1, Brewery Road, Hoddesdon, EN11 8HF.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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
20% reducing balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Hidden Vapes Limited Notes to the Accounts for the year ended 28 February 2025
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 March 2024
8,000
At 28 February 2025
8,000
Depreciation
At 1 March 2024
5,902
Charge for the year
419
At 28 February 2025
6,321
Net book value
At 28 February 2025
1,679
At 29 February 2024
2,098
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Other debtors
30,000
30,000
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,116
10,116
VAT
839
959
Taxes and social security
11,239
9,459
Loans from directors
99
99
Accruals
600
600
22,893
21,233
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
1,759
11,259
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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