Vapegb Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 08717929 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2017

FOR

VAPEGB LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

P Greenwood

REGISTERED OFFICE:

67 Church Street

Conisbrough

Doncaster

England

South Yorkshire

DN12 3HP

REGISTERED NUMBER:

08717929 (England and Wales)

ACCOUNTANTS:

AR Accountants

Chartered Certified Accountants

Chartered Chambers

294 Balby Road

Balby

Doncaster

South Yorkshire

DN4 0QF

BANKERS:

NatWest Bank

Mexborough Branch

1 Victoria Place

Holbeck

Leeds

LS11 5AN

FIXED ASSETS

Tangible assets

3

24,650

13,372

CURRENT ASSETS

Stocks

4

49,978

32,176

Debtors

5

6,750

3,742

Cash at bank and in hand

53,299

30,252

110,027

66,170

CREDITORS

Amounts falling due within one year

6

44,776

31,933

NET CURRENT ASSETS

65,251

34,237

TOTAL ASSETS LESS CURRENT LIABILITIES

89,901

47,609

PROVISIONS FOR LIABILITIES

4,684

-

NET ASSETS

85,217

47,609

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

85,215

47,607

SHAREHOLDERS' FUNDS

85,217

47,609

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2017 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 24 May 2018 and were signed by:

P 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 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.

The director Mr P Greenwood has confirmed that he will stand fully behind the financial ability of this company

to meet all of its financial obligations in the future as they fall due. On this basis the directors consider it

appropriate to prepare the financial statements on the going concern basis.

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

-

20% on cost

Fixtures and fittings

-

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.

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.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 November 2016

104

7,516

9,601

17,221

Additions

12,110

5,376

1,502

18,988

Disposals

-

(350

)

-

(350

)

At 31 October 2017

12,214

12,542

11,103

35,859

DEPRECIATION

At 1 November 2016

9

1,952

1,888

3,849

Charge for year

1,900

2,087

3,520

7,507

Eliminated on disposal

-

(147

)

-

(147

)

At 31 October 2017

1,909

3,892

5,408

11,209

NET BOOK VALUE

At 31 October 2017

10,305

8,650

5,695

24,650

At 31 October 2016

95

5,564

7,713

13,372

4.

STOCKS

2017

2016

£

£

Stocks

49,978

32,176

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

3,931

1,867

Prepayments

2,819

1,875

6,750

3,742

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

15,663

5,154

Corporation tax

9,270

4,741

Social security and other taxes

121

98

VAT

12,664

14,578

Directors' current accounts

4,142

631

Accrued expenses

2,916

6,731

44,776

31,933

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £5,000 were paid to the directors .

8.	ULTIMATE CONTROLLING PARTY

The controlling party is P Greenwood.