ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

UKVAPELAB LTD - Company Information

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Caseware UK (AP4) 2016.0.181 2016.0.181 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrueNo description of principal activityfalse2016-04-01 09271014 2016-04-01 2017-03-31 09271014 2015-04-01 2016-03-31 09271014 2017-03-31 09271014 2016-03-31 09271014 c:Director1 2016-04-01 2017-03-31 09271014 c:Director2 2016-04-01 2017-03-31 09271014 c:RegisteredOffice 2016-04-01 2017-03-31 09271014 d:CurrentFinancialInstruments 2017-03-31 09271014 d:CurrentFinancialInstruments d:WithinOneYear 2017-03-31 09271014 d:ShareCapital 2017-03-31 09271014 d:ShareCapital 2016-03-31 09271014 d:RetainedEarningsAccumulatedLosses 2017-03-31 09271014 c:FRS102 2016-04-01 2017-03-31 09271014 c:AuditExempt-NoAccountantsReport 2016-04-01 2017-03-31 09271014 c:FullAccounts 2016-04-01 2017-03-31 09271014 c:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 iso4217:GBP xbrli:pure
Company registration number: 09271014







Unaudited Financial statements
For the Year Ended
31 March 2017


UKVapeLab Ltd






































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UKVapeLab Ltd
 


 
Company Information


Directors
Ms C Donegan 
Mr F L Donegan 




Registered number
09271014



Registered office
18b Somerset House Hussar Court
West Side View

Waterlooville

Hampshire

PO7 7SG




Accountants
Menzies LLP
Chartered Accountants

3000a Parkway

Whiteley

Hampshire

PO15 7FX




 


UKVapeLab Ltd
 



Contents



Page
Statement of Financial Position
1
Notes to the Financial Statements
2

 


UKVapeLab Ltd
Registered number:09271014



Statement of Financial Position
As at 31 March 2017

2017
2016
Note
£
£

  

Current assets
  

Bank and cash balances
  
300
1

  
300
1

Creditors: amounts falling due within one year
  
(1,000)
-

Net current (liabilities)/assets
  
 
 
(700)
 
 
1

Total assets less current liabilities
  
(700)
1

  

Net (liabilities)/assets
  
(700)
1


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(701)
-

  
(700)
1


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Ms C Donegan
Director

Date: 18 December 2017
The notes on page 2 form part of these financial statements.

Page 1
 


UKVapeLab Ltd
 


 
Notes to the Financial Statements
For the Year Ended 31 March 2017

1.


General information

UKVapeLab Ltd Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are 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.

 
2.3

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

 
2.4

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2016 - 2).


4.


Creditors: Amounts falling due within one year

2017
2016
£
£

Other creditors
1,000
-

1,000
-



5.


First time adoption of FRS 102

The policies applied under the entity's previous accounting framework are not materially different to FRS 102 and have not impacted on equity or profit or loss.

 
Page 2