Vapeandecigstore Ltd - Accounts to registrar (filleted) - small 18.1

Vapeandecigstore Ltd - Accounts to registrar (filleted) - small 18.1

VAPEANDECIGSTORE LTD - Company Information

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REGISTERED NUMBER: 08836956 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2018

FOR

VAPEANDECIGSTORE LTD
VAPEANDECIGSTORE LTD (REGISTERED NUMBER: 08836956)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


VAPEANDECIGSTORE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2018







DIRECTORS: G Ryan
Ms. N Sawyer





REGISTERED OFFICE: Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP





REGISTERED NUMBER: 08836956 (England and Wales)





ACCOUNTANTS: Cook & Partners Limited
Manufactory House
Bell Lane
Hertford
Hertfordshire
SG14 1BP
Page 1
VAPEANDECIGSTORE LTD (REGISTERED NUMBER: 08836956)

BALANCE SHEET
31ST JANUARY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,775 4,785

CURRENT ASSETS
Stocks 36,650 65,000
Debtors 5 1,729 5,074
Cash at bank and in hand 4,146 5,913
42,525 75,987
CREDITORS
Amounts falling due within one year 6 48,732 68,873
NET CURRENT (LIABILITIES)/ASSETS (6,207 ) 7,114
TOTAL ASSETS LESS CURRENT
LIABILITIES
568
11,899

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 468 11,799
SHAREHOLDERS' FUNDS 568 11,899

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2018 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 notes form part of these financial statements

Page 2 continued...
VAPEANDECIGSTORE LTD (REGISTERED NUMBER: 08836956)

BALANCE SHEET - continued
31ST JANUARY 2018


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 11th April 2018 and were signed on its behalf by:




G Ryan - Director



Ms. N Sawyer - Director


The notes form part of these financial statements

Page 3
VAPEANDECIGSTORE LTD (REGISTERED NUMBER: 08836956)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2018

1. STATUTORY INFORMATION

Vapeandecigstore Ltd 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

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

These financial statements for the year ended 31 January 2017 are the first financial statements that comply with
FRS 102 Section 1A. The date of transition is 01 February 2016. The transition to FRS 102 Section 1A small
entities has resulted in accounting policies to those used previously. There is no material impact on opening
equity and profit for the comparative period.

Going Concern Justification

The directors have assessed various factors and risks affecting the company and its ability in these difficult
economic times to continue to trade as a going concern. The directors have not identified any material
uncertainties or risks related to events or conditions that could affect the carrying values of the company's assets
and liabilities as at the balance sheet date. Therefore the financial statements for the year ended 31st December
2016 have been prepared using the going concern basis of accounting.

Revenue
Revenue - Described as turnover - is the value of goods (net of VAT) provided to customers during the year, plus
the value of work (net of VAT) performed during the year with respect to services.

Revenue is recognised on the sale of goods when the goods are delivered and title has passed. Revenue is
recognised on the provision of services once completed.

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 - 20% on cost
Computer equipment - 20% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.


Page 4 continued...
VAPEANDECIGSTORE LTD (REGISTERED NUMBER: 08836956)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2018

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

First year adoption
The company adopted FRS 102 from 01/02/2016 onwards.

There are no material impacts of this change in the comparative figures.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1st February 2017 3,675 2,593 6,268
Additions 1,119 2,267 3,386
At 31st January 2018 4,794 4,860 9,654
DEPRECIATION
At 1st February 2017 1,121 362 1,483
Charge for year 708 688 1,396
At 31st January 2018 1,829 1,050 2,879
NET BOOK VALUE
At 31st January 2018 2,965 3,810 6,775
At 31st January 2017 2,554 2,231 4,785

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 1,729 5,074

Page 5 continued...
VAPEANDECIGSTORE LTD (REGISTERED NUMBER: 08836956)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other loans 4,736 527
Trade creditors 10,933 38,879
Tax 11,894 12,281
Social security and other taxes 638 216
VAT 6,138 13,742
Other creditors 11,651 -
Directors' current accounts 242 728
Accrued expenses 2,500 2,500
48,732 68,873

Page 6