UK Vape Direct Limited 31/03/2021 iXBRL
UK Vape Direct Limited 31/03/2021 iXBRL
Company registration number:
11551260
Contents
Directors and other information
Directors report
Accountants report
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Company number |
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Registered office |
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Accountants |
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1 South House | ||
Bond Avenue | ||
Milton Keynes | ||
Buckinghamshire | ||
MK1 1SW | ||
Directors report
Period ended 31 March 2021
The directors present their report and the unaudited financial statements of the company for the period ended 31 March 2021.
Directors
The directors who served the company during the period were as follows:
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Small company provisions
This report was approved by the board of directors on
18 October 2021
and signed on behalf of the board by:
Director
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of UK Vape Direct Limited
Period ended 31 March 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of UK Vape Direct Limited for the period ended 31 March 2021 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of UK Vape Direct Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of UK Vape Direct Limited and state those matters that we have agreed to state to the board of directors of UK Vape Direct Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than UK Vape Direct Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that UK Vape Direct Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of UK Vape Direct Limited. You consider that UK Vape Direct Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of UK Vape Direct Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Accountants
1 South House
Bond Avenue
Milton Keynes
Buckinghamshire
MK1 1SW
Date:
Statement of financial position
31 March 2021
31/03/21 | 30/09/19 | ||||||||
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Fixed assets | |||||||||
Tangible assets | 5 |
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Current assets | |||||||||
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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Net current assets/(liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 8 |
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Net (liabilities)/assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders (deficit)/funds |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
18 October 2021
, and are signed on behalf of the board by:
Director
Company registration number:
11551260
Notes to the financial statements
Period ended 31 March 2021
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Winnington House, 2 Woodberry Grove, Finchley, London, N12 0DR.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Impairment
Stocks
Government grants
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
8
(2019:
8
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5.
Tangible assets
Short leasehold property | Plant and machinery | Fixtures, fittings and equipment | Total | ||
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Cost | |||||
At 1 October 2019 and 31 March 2021 |
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Depreciation | |||||
At 1 October 2019 |
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Charge for the year |
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At 31 March 2021 |
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Carrying amount | |||||
At 31 March 2021 |
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At 30 September 2019 |
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6.
Debtors
31/03/21 | 30/09/19 | |||
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Other debtors |
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7.
Creditors: amounts falling due within one year
31/03/21 | 30/09/19 | |||
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Bank loans and overdrafts |
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Trade creditors |
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Social security and other taxes | 53,095 | 20,750 | ||
Other creditors |
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8.
Creditors: amounts falling due after more than one year
31/03/21 | 30/09/19 | |||
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Bank loans and overdrafts |
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