SG Vapours Limited

	Page
Company Information	1
Accountant's Report	2
Balance Sheet	3—4
Notes to the Financial Statements	5—7

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SG Vapours Limited

Accountant's Report

For The Year Ended 30 June 2025

Accountant's Report

Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of SG Vapours Limited For The Year Ended 30 June 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of SG Vapours Limited For The Year Ended 30 June 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of SG Vapours Limited , as a body, in accordance with the terms of our engagement letter dated 22 May 2025. Our work has been undertaken solely to prepare for your approval the accounts of SG Vapours Limited and state those matters that we have agreed to state to the directors of SG Vapours Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SG Vapours Limited and its directors, as a body, for our work or for this report.

It is your duty to ensure that SG Vapours Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of SG Vapours Limited . You consider that SG Vapours Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of SG Vapours Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

13 January 2026

ERC Accountants & Business Advisers Limited

Chartered Accountants

Hanover Buildings

11-13 Hanover Street

Liverpool

Merseyside

L1 3DN

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SG Vapours Limited

Balance Sheet

As At 30 June 2025

Balance Sheet

Registered number: 09084978

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		205		273

			205		273
CURRENT ASSETS
Stocks	5	7,200		10,000
Debtors	6	9,869		3,930
Cash at bank and in hand		42,020		43,806

		59,089		57,736
Creditors: Amounts Falling Due Within One Year	7	(109,292 )		(63,785 )

NET CURRENT ASSETS (LIABILITIES)			(50,203 )		(6,049 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(49,998 )		(5,776 )

Creditors: Amounts Falling Due After More Than One Year	8		(1,215 )		(12,418 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(39 )		(43 )

NET LIABILITIES			(51,252 )		(18,237 )

CAPITAL AND RESERVES
Called up share capital	9		10		10
Profit and Loss Account			(51,262 )		(18,247 )

SHAREHOLDERS' FUNDS			(51,252)		(18,237)

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SG Vapours Limited

Balance Sheet (continued)

As At 30 June 2025

For the year ending 30 June 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr C K Bowman

Director

13 January 2026

The notes on pages 5 to 7 form part of these financial statements.

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SG Vapours Limited

Notes to the Financial Statements

For The Year Ended 30 June 2025

Notes to the Financial Statements

1. General Information

SG Vapours Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09084978 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

2.2. Going Concern Disclosure

The company is able to meet its day to day working capital requirements through the support of the directors and the company's creditors. Therefore the directors consider it appropriate to prepare financial statements on the going concern basis.

2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant and machinery	33% Straight line
Fixtures and fittings	25% Reducing balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 14 (2024: 12)

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SG Vapours Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

4. Tangible Assets

	Plant and machinery	Fixtures and fittings	Total
	£	£	£
Cost
As at 1 July 2024	578	2,725	3,303

As at 30 June 2025	578	2,725	3,303

Depreciation
As at 1 July 2024	578	2,452	3,030
Provided during the period	-	68	68

As at 30 June 2025	578	2,520	3,098

Net Book Value
As at 30 June 2025	-	205	205

As at 1 July 2024	-	273	273

5. Stocks

	2025	2024
	£	£
Stock	7,200	10,000

6. Debtors

	2025	2024
	£	£
Due within one year
Other debtors	9,869	3,930

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	65,216	40,289
Bank loans and overdrafts	11,463	11,604
Corporation tax	1,130	-
Other taxes and social security	2,911	2,259
VAT	7,425	3,614
Other creditors	-	3,205
Accruals and deferred income	20,903	2,641
Directors' loan accounts	244	173

	109,292	63,785

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	1,215	12,418

The loan above was obtained under the government bounceback loan scheme and is therefore 100% secured by the government with no charge over the assets of the company.

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SG Vapours Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	10	10

10. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2025	2024
	£	£
Not later than one year	9,958	9,958
Later than one year and not later than five years	10,787	20,745

	20,745	30,703

11. Related Party Transactions

The following related party transactions were undertaken during the year:

During the year the director withdrew £38,242 (2024: £34,922), introduced £38,312 (2024: £35,312) and paid expenses on behalf of the company totalling £Nil (2024: £Nil). At the year end the company owed the director £244 (2024: owed from director - £173).

Dividends were paid to the directors totalling £38,000 (2024: £35,000)

During the period, Bowmans Specialised Liquids Limited, a company which is under common control, provided advances of £Nil (2024: £60,800), and amounts were repaid totalling £Nil (2024: £7,820). At the balance sheet date the amount receivable from Bowmans Specialised Liquids Limited was £5,620 (2024: £2,980 was receivable).

The aggregate remuneration paid to key management personnel for the year was £25,654 (2024: £25,654)

No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

12. Illegal Dividend

At the time the dividend was paid the directors were not aware that there were insufficient profits available for distribution and the directors acknowledge that no further distributions can be made until there are sufficient profits available for that purpose.

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Directors	Mr C K Bowman
	Miss S A Gilding

Company Number	09084978

Registered Office	Hanover Buildings
	11-13 Hanover Street
	Liverpool
	Merseyside
	L1 3DN

Accountants	ERC Accountants & Business Advisers Limited
	Chartered Accountants
	Hanover Buildings
	11-13 Hanover Street
	Liverpool
	Merseyside
	L1 3DN