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REGISTERED NUMBER: 09444762 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2018

FOR

VAPE IMPORTERS LTD

VAPE IMPORTERS LTD (REGISTERED NUMBER: 09444762)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VAPE IMPORTERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2018







DIRECTOR: D S Mowatt





REGISTERED OFFICE: 20-22 Wenlock Road
London
N1 7GU





REGISTERED NUMBER: 09444762 (England and Wales)





ACCOUNTANTS: John Williams and Co
Chartered Accountants
Chart House
2 Effingham Road
Reigate
Surrey
RH2 7JN

VAPE IMPORTERS LTD (REGISTERED NUMBER: 09444762)

BALANCE SHEET
28 FEBRUARY 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,011 23,549

CURRENT ASSETS
Stocks 5 218,250 337,078
Debtors 6 139,708 66,126
Cash at bank 21,353 17,743
379,311 420,947
CREDITORS
Amounts falling due within one year 7 284,728 161,241
NET CURRENT ASSETS 94,583 259,706
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,594

283,255

PROVISIONS FOR LIABILITIES 9 4,182 4,710
NET ASSETS 112,412 278,545

CAPITAL AND RESERVES
Called up share capital 10 102 102
Retained earnings 11 112,310 278,443
SHAREHOLDERS' FUNDS 112,412 278,545

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 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 11 January 2019 and were signed by:



D S Mowatt - Director


VAPE IMPORTERS LTD (REGISTERED NUMBER: 09444762)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2018

1. STATUTORY INFORMATION

Vape Importers 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

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.

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.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% 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.

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the
balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at
the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

VAPE IMPORTERS LTD (REGISTERED NUMBER: 09444762)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018

2. ACCOUNTING POLICIES - continued

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 5 (2017 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2017 25,739 6,100 31,839
Additions 2,018 328 2,346
At 28 February 2018 27,757 6,428 34,185
DEPRECIATION
At 1 March 2017 7,131 1,159 8,290
Charge for year 3,094 790 3,884
At 28 February 2018 10,225 1,949 12,174
NET BOOK VALUE
At 28 February 2018 17,532 4,479 22,011
At 28 February 2017 18,608 4,941 23,549

5. STOCKS
2018 2017
£    £   
Stocks 218,250 337,078

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 98,349 35,025
Other debtors 24,392 7,883
VAT - 23,218
Prepayments 16,967 -
139,708 66,126

VAPE IMPORTERS LTD (REGISTERED NUMBER: 09444762)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 107,013 73,575
Tax 94,176 71,406
Social security and other taxes 2,495 3,818
VAT 71,475 -
Other creditors 3,977 5,495
Directors' current accounts 5,592 6,947
284,728 161,241

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2018 2017
£    £   
Between one and five years 86,246 -

9. PROVISIONS FOR LIABILITIES
2018 2017
£    £   
Deferred tax 4,182 4,710

Deferred
tax
£   
Balance at 1 March 2017 4,710
Accelerated capital allowances (528 )
Balance at 28 February 2018 4,182

10. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
100 Ordinary £1 100 100
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
102 102

VAPE IMPORTERS LTD (REGISTERED NUMBER: 09444762)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2018

11. RESERVES
Retained
earnings
£   

At 1 March 2017 278,443
Deficit for the year (58,660 )
Dividends (107,473 )
At 28 February 2018 112,310

12. ULTIMATE CONTROLLING PARTY

The controlling party is D S Mowatt.