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Registered number: 15527957
HILLSBOROUGH VAPE LOUNGE LIMITED
Unaudited Financial Statements
For The Year Ended 31 March 2026
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 15527957
2026 2025
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 8,511 7,312
8,511 7,312
CURRENT ASSETS
Stocks 5 35,010 40,708
Debtors 6 1,491 1,579
Cash at bank and in hand 27,240 18,714
63,741 61,001
Creditors: Amounts Falling Due Within One Year 7 (24,143 ) (32,711 )
NET CURRENT ASSETS (LIABILITIES) 39,598 28,290
TOTAL ASSETS LESS CURRENT LIABILITIES 48,109 35,602
NET ASSETS 48,109 35,602
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 48,009 35,502
SHAREHOLDERS' FUNDS 48,109 35,602
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For the year ending 31 March 2026 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 Stephen Mansfield
Director
29/07/2026
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
HILLSBOROUGH VAPE LOUNGE LIMITED is a private company, limited by shares, incorporated in England & Wales, registered number 15527957 . The registered office is 568 Langsett Road, Sheffield, S6 2LX.
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. 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.
2.3. 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:
Fixtures & Fittings 15% Reducing Balance
2.4. Stocks and Work in Progress
Stocks, which comprise of vapes and vape related products, are valued at the lower of cost and net realisable value. Cost is calculated on a first in, first out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.
2.5. 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.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Debtors and creditors due within one year
Debtors and creditors with no stated interest rate, which are due within one year, are stated at the transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income within administrative expenses.
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2.7. Impairment
At each balance sheet date, assets not measured at fair value are reviewed for any indication that the asset may be impaired at the balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit and loss account unless the asset is carried at a revalued amount, where the impairment loss is recognised as a revaluation reduction.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 6 (2025: 5)
6 5
4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 April 2025 8,397
Additions 2,606
As at 31 March 2026 11,003
Depreciation
As at 1 April 2025 1,085
Provided during the period 1,407
As at 31 March 2026 2,492
Net Book Value
As at 31 March 2026 8,511
As at 1 April 2025 7,312
5. Stocks
2026 2025
£ £
Stock 35,010 40,708
6. Debtors
2026 2025
£ £
Due within one year
Other debtors 1,491 1,579
7. Creditors: Amounts Falling Due Within One Year
2026 2025
£ £
Other creditors 1,378 11,310
Taxation and social security 22,765 21,401
24,143 32,711
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8. Share Capital
2026 2025
£ £
Allotted, Called up and fully paid 100 100
9. Other Commitments
At 31 March 2026 the company had annual commitments under non-cancellable operating leases as set out below:
2026 2025
£ £
Not later than one year 3,750 6,720
Later than one year and not later than five years - 11,760
3,750 18,480
10. Dividends
2026 2025
£ £
On equity shares:
Final dividend paid 44,050 20,000
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