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Registration number: 09051004

V2O Liquid Vapour Ltd
Unaudited Financial Statements
for the Year Ended 30 November 2025

V2O Liquid Vapour Ltd

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 7

V2O Liquid Vapour Ltd

Company Information

Director | Mr Craig Edwards

Registered office | 317-319 West Street Crewe Cheshire CW1 3HU

Accountants | Alextra Group Limited Chartered Certified Accountants7-9 Macon Court Crewe Cheshire CW1 6EA

V2O Liquid Vapour Ltd

(Registration number: 09051004)
Balance Sheet as at 30 November 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 2,254 | 2,798
Current assets |  |  |
Stocks |  | 21,700 | 17,000
Debtors | 5 | 1,240 | 2,501
Cash at bank and in hand |  | 13,057 | 23,840
|  | 35,997 | 43,341
Creditors: Amounts falling due within one year | 6 | (44,124) | (56,561)
Net current liabilities |  | (8,127) | (13,220)
Total assets less current liabilities |  | (5,873) | (10,422)
Provisions for liabilities |  | (428) | (532)
Net liabilities |  | (6,301) | (10,954)
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Retained earnings |  | (6,303) | (10,956)
Shareholders' deficit |  | (6,301) | (10,954)

V2O Liquid Vapour Ltd

(Registration number: 09051004)
Balance Sheet as at 30 November 2025

For the financial year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 31 March 2026

......................................... Mr Craig Edwards Director

V2O Liquid Vapour Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
317-319 West Street
Crewe
Cheshire
CW1 3HU

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. The company meets its day to day working capital requirements through funds provided by the directors. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

V2O Liquid Vapour Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant and machinery | 20% Reducing balance
Fixtures and fittings | 20% Reducing balance

V2O Liquid Vapour Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

V2O Liquid Vapour Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2025

4 | Tangible assets

| Furniture, fittings and equipment £ | Other tangible assets £ | Total £
Cost or valuation
At 1 December 2024 | 1,960 | 4,834 | 6,794
At 30 November 2025 | 1,960 | 4,834 | 6,794
Depreciation
At 1 December 2024 | 1,485 | 2,511 | 3,996
Charge for the year | 79 | 465 | 544
At 30 November 2025 | 1,564 | 2,976 | 4,540
Carrying amount
At 30 November 2025 | 396 | 1,858 | 2,254
At 30 November 2024 | 475 | 2,323 | 2,798

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | - | 2,501
Other debtors | 1,240 | -
| 1,240 | 2,501

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 2,000 | 9,539
Taxation and social security | - | 440
Accruals and deferred income | 1,050 | 995
Other creditors | 41,074 | 45,587
| 44,124 | 56,561