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

REGISTERED NUMBER: 08717929 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2019

FOR

VAPEGB LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P G Greenwood

Miss L A Greenwood

SECRETARY:

REGISTERED OFFICE:

31 Low Road

Conisbrough

Doncaster

England

DN12 3AB

REGISTERED NUMBER:

08717929 (England and Wales)

ACCOUNTANTS:

Lewis's Chartered Certified Accountants

Windsor House

44 High Road

Balby

Doncaster

DN4 0PL

FIXED ASSETS

Tangible assets

4

69,321

72,398

CURRENT ASSETS

Stocks

24,300

51,394

Debtors

5

16,538

28,147

Cash at bank and in hand

57,581

32,981

98,419

112,522

CREDITORS

Amounts falling due within one year

6

60,976

65,732

NET CURRENT ASSETS

37,443

46,790

TOTAL ASSETS LESS CURRENT LIABILITIES

106,764

119,188

PROVISIONS FOR LIABILITIES

7

13,171

13,756

NET ASSETS

93,593

105,432

CAPITAL AND RESERVES

Called up share capital

8

100

2

Retained earnings

93,493

105,430

SHAREHOLDERS' FUNDS

93,593

105,432

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

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

The directors acknowledge their 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 applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2020 and were signed on its behalf by:

P G Greenwood - Director

1.	STATUTORY INFORMATION

Vapegb 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 at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2018 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2018

106,832

Additions

25,427

Disposals

(1,667

)

At 31 October 2019

130,592

DEPRECIATION

At 1 November 2018

34,434

Charge for year

26,837

At 31 October 2019

61,271

NET BOOK VALUE

At 31 October 2019

69,321

At 31 October 2018

72,398

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Trade debtors

13,071

14,101

Other debtors

3,467

14,046

16,538

28,147

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.19

31.10.18

£

£

Bank loans and overdrafts

586

-

Hire purchase contracts

-

39,000

Trade creditors

19,123

11,008

Taxation and social security

24,932

4,258

Other creditors

16,335

11,466

60,976

65,732

7.	PROVISIONS FOR LIABILITIES

31.10.19

31.10.18

£

£

Deferred tax

Accelerated capital allowances

13,171

13,756

Deferred

tax

£

Balance at 1 November 2018

13,756

Provided during year

(585

)

Balance at 31 October 2019

13,171

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.19

31.10.18

value:

£

£

100

ordinary

1

100

2

98 ordinary shares of 1 each were allotted and fully paid for cash at par during the year.