GREAT BRITISH VAPE COMPANY LTD

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 09969886

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		12,202		23,253

			12,202		23,253
CURRENT ASSETS
Stocks	5	325,025		790,252
Debtors	6	15,432,794		2,717,721
Cash at bank and in hand		3,744		1,914

		15,761,563		3,509,887
Creditors: Amounts Falling Due Within One Year	7	(14,549,956 )		(2,465,989 )

NET CURRENT ASSETS (LIABILITIES)			1,211,607		1,043,898

TOTAL ASSETS LESS CURRENT LIABILITIES			1,223,809		1,067,151

Creditors: Amounts Falling Due After More Than One Year	8		(657,433 )		(933,984 )

NET ASSETS			566,376		133,167

CAPITAL AND RESERVES
Called up share capital	9		300		300
Share premium account			499,701		499,701
Profit and Loss Account			66,375		(366,834 )

SHAREHOLDERS' FUNDS			566,376		133,167

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GREAT BRITISH VAPE COMPANY LTD

Balance Sheet (continued)

As At 31 December 2024

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 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 Irshad Kara

Director

29/05/2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

GREAT BRITISH VAPE COMPANY LTD is a private company, limited by shares, incorporated in England & Wales, registered number 09969886 . The registered office is Elizabeth House, Victoria Street, Manchester, Lancashire, M11 2NX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

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.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any 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 & Machinery	RB 20%
Motor Vehicles	SL 20%
Fixtures & Fittings	SL 20%

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. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.7. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

2.8. Guarantees and financial commitments

At the balance sheet date, the company had financial commitments in respect of a mortgage with a financial institution and loan notes outstanding.

The mortgage is secured on the company's property. There were no other material guarantees or financial commitments outstanding at the year end.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 16 (2023: 17)

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GREAT BRITISH VAPE COMPANY LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 January 2024	34,971	293,698	23,030	65,418	417,117

As at 31 December 2024	34,971	293,698	23,030	65,418	417,117

Depreciation
As at 1 January 2024	34,971	279,702	18,424	60,767	393,864
Provided during the period	-	2,799	4,606	3,646	11,051

As at 31 December 2024	34,971	282,501	23,030	64,413	404,915

Net Book Value
As at 31 December 2024	-	11,197	-	1,005	12,202

As at 1 January 2024	-	13,996	4,606	4,651	23,253

5. Stocks

	2024	2023
	£	£
Finished goods	325,025	790,252

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	14,576,296	1,947,155
Other debtors	767,290	681,358
Corporation tax recoverable assets	89,208	89,208

	15,432,794	2,717,721

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	12,679,816	2,092,816
Other taxes and social security	89,435	84,972
VAT	1,556,098	214,863
Other creditors	167,211	19,646
Accruals and deferred income	9,528	5,005
Directors' loan accounts	47,868	48,687

	14,549,956	2,465,989

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GREAT BRITISH VAPE COMPANY LTD

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

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

	2024	2023
	£	£
Other creditors	657,433	933,984

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	300	300

10. Related Party Transactions

The company entered into transactions with directors, who are considered to be related parties.

Transactions during the year comprised advances to and from directors. Any balances outstanding at the year end are unsecured, interest free and have no fixed repayment terms.

As at the year end the company owes £47,868 (2022 - £48,687) to directors as a result of director loan to company.

11. Guarantees and financial commitments

No Loan:

Guarantees and financial commitments

At the balance sheet date, the company had no guarantees, commitments, or other arrangements.

The company had not entered into any guarantees, indemnities, or other financial commitments, whether legally enforceable or otherwise, nor were there any arrangements involving security over the company’s assets in respect of third‑party

liabilities.

No commitments existed in relation to capital expenditure, operating leases, borrowing facilities, or other off‑balance‑sheet arrangements, and no guarantees were provided by the company in respect of third‑party liabilities at the year end.

Loan:

Guarantees and financial commitments

At the balance sheet date, the company had financial commitments in respect of a mortgage with a financial institution and loan notes outstanding.

The mortgage is secured on the company’s property. There were no other material guarantees or financial commitments outstanding at the year end.

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