1.
General Information
Evapor Ltd
is a private company, limited by shares, incorporated in England & Wales, registered number
08335079
. The registered office is Evapor, Unit 7 Miners Park, Llay, Wrexham, LL12 0PQ.
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.
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
2.2.
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. 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.
2.3.
Intangible Fixed Assets and Amortisation - Other Intangible
The crypto currency is not amortised annually as it has an indefinite life, therefore an annual impairment review is undertaken.
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:
| Freehold |
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| Plant and machinery |
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| Motor vehicles |
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| Fixtures and fittings |
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| Computer equipment |
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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.
Evapor Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
3.
Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2024: 9)
4.
Intangible Assets
| Crypto currency | |||
|---|---|---|---|
| £ | |||
| Cost or Valuation | |||
| As at 1 January 2025 |
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| As at 31 December 2025 |
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| Amortisation | |||
| As at 1 January 2025 |
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| As at 31 December 2025 |
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| Net Book Value | |||
| As at 31 December 2025 |
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| As at 1 January 2025 |
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5.
Tangible Assets
| Land & Property | ||||
|---|---|---|---|---|
| Freehold | Plant and machinery | Motor vehicles | Fixtures and fittings | |
| £ | £ | £ | £ | |
| Cost or Valuation | ||||
| As at 1 January 2025 |
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| Additions |
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| Disposals |
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( |
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| Revaluation |
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| As at 31 December 2025 |
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| Depreciation | ||||
| As at 1 January 2025 |
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| Provided during the period |
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| Disposals |
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( |
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| As at 31 December 2025 |
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| Net Book Value | ||||
| As at 31 December 2025 |
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| As at 1 January 2025 |
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Evapor Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
| Computer equipment | Total | |
|---|---|---|
| £ | £ | |
| Cost or Valuation | ||
| As at 1 January 2025 |
|
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| Additions |
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| Disposals |
( |
( |
| Revaluation |
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| As at 31 December 2025 |
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| Depreciation | ||
| As at 1 January 2025 |
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| Provided during the period |
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| Disposals |
( |
( |
| As at 31 December 2025 |
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| Net Book Value | ||
| As at 31 December 2025 |
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| As at 1 January 2025 |
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6.
Investments
| Unlisted | |
|---|---|
| £ | |
| Cost or Valuation | |
| As at 1 January 2025 |
|
| As at 31 December 2025 |
|
| Provision | |
| As at 1 January 2025 |
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| As at 31 December 2025 |
|
| Net Book Value | |
| As at 31 December 2025 |
|
| As at 1 January 2025 |
|
The company owns 100% of the issued share capital of UKVapes Trading Limited, a company which was incorporated in England and Wales.
The aggregate capital and reserves for the company are:-
2025: £261,969
2024 £251,222
7.
Stocks
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Stock |
|
|
|
Evapor Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2025
8.
Debtors
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Due within one year | |||
| Trade debtors |
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| Prepayments and accrued income |
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9.
Creditors: Amounts Falling Due Within One Year
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Trade creditors |
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| Corporation tax |
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| Other taxes and social security |
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| VAT |
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| Other creditors |
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| Accruals and deferred income |
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| Director's loan account |
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10.
Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
11.
Related Party Transactions
The following related party transactions were undertaken during the year:
Dividends were paid to the director in respect of their shareholdings totalling £150,000 (2024: £82,500)
A dividend of £Nil was paid to Evapor Limited from UKVapes Trading Limited, a 100% owned subsidiary (2024: £100,000).
During the year a director introduced amounts totalling £Nil (2024: £Nil) and repaid amounts totalling £Nil (2024: £Nil). At 31st December 2025 Evapor Limited owed to its director £52,690. (2024 : £52,690)
The aggregate remuneration paid to key management personnel for the year was £15,600 (2024: £15,900).
No further transactions with related parties were undertaken such that are required to be disclosed under the Financial Reporting Standards Applicable in the UK and Republic of Ireland.
12.
Profit and loss reserve account
The profit and loss reserve account records retained earnings and accumulated losses, including the revaluation reserve which records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income. The profit and loss reserve account includes both distributable and non distributable as follows:
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2025
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2024
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£
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£
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Distributable profit and loss reserves
|
660,503
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661,334
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Non-distributable profit and loss reserves
|
283,247
|
275,747
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937,081 |
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