Thevapestore Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09964441 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2019

for

Thevapestore Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Siddiq Dadabhai

REGISTERED OFFICE:

124 Ley Street

Ilford

Essex

IG1 4BX

REGISTERED NUMBER:

09964441 (England and Wales)

ACCOUNTANTS:

Prestons

Chartered Accountants

364-368 Cranbrook Road

Gants Hill

Ilford

Essex

IG2 6HY

FIXED ASSETS

Tangible assets

4

3,457

4,529

CURRENT ASSETS

Stocks

-

3,230

Debtors

5

340

-

Cash at bank and in hand

56

8,248

396

11,478

CREDITORS

Amounts falling due within one year

6

38,516

32,431

NET CURRENT LIABILITIES

(38,120

)

(20,953

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(34,663

)

(16,424

)

CAPITAL AND RESERVES

Called up share capital

990

990

Retained earnings

(35,653

)

(17,414

)

(34,663

)

(16,424

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 2 May 2019 and were signed by:

Siddiq Dadabhai - Director

1.	STATUTORY INFORMATION

Thevapestore Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured as 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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods

have transferred to the buyer.

Going Concern

The director has confirmed that he will continue to support the company financially. It is for this reason the

accounts have been prepared on a going concern basis.

Tangible fixed assets

Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated

impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the

location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the costs of assets less their residual value over their estimated useful

lives, using either a straight line or reducing balance method, as indicated below.

Depreciation is provided on the following basis:

Fixtures & Fittings - 25% Straight Line

The asset's residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if

appropriate, or if there is an indication of a significant change since the last reporting date.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is based

on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and

attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is

reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in

profit and loss

Taxation

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

Tax is recognised in profit and loss except that a change attributable to an item income and expense

recognised as other comprehensive income or to an item recognised directly in equity is also recognised in

other comprehensive income or directly in equity respectively.

Debtors

Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the

arrangement constitutes a financing transaction, where the transaction is measured at the present value of the

future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost

using the effective interest method, less any impairment.

Cash and Cash Equivalents

Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and

other short-term highly liquid investments that mature in no more than three months from the date of

acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related

parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction,

where the debt instrument is measured at the present value of the suture payments discounted at a market rate of

interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less

and impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2018

7,549

Additions

1,087

At 31 January 2019

8,636

DEPRECIATION

At 1 February 2018

3,020

Charge for year

2,159

At 31 January 2019

5,179

NET BOOK VALUE

At 31 January 2019

3,457

At 31 January 2018

4,529

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Other debtors

340

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.19

31.1.18

£

£

Trade creditors

12,240

10,839

Taxation and social security

5

24

Other creditors

26,271

21,568

38,516

32,431

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2019 and

31 January 2018:

31.1.19

31.1.18

£

£

Siddiq Dadabhai

Balance outstanding at start of year

19,686

-

Amounts advanced

1,059

20,410

Amounts repaid

-

(724

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

20,745

19,686