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REGISTERED NUMBER: 09444762 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2017

FOR

VAPE IMPORTERS LTD

VAPE IMPORTERS LTD (REGISTERED NUMBER: 09444762)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


VAPE IMPORTERS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2017







DIRECTOR: D S Mowatt





REGISTERED OFFICE: 20-22 Wenlock Road
London
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 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,549 23,425

CURRENT ASSETS
Stocks 5 337,078 66,185
Debtors 6 66,126 41,549
Cash at bank 17,743 370,994
420,947 478,728
CREDITORS
Amounts falling due within one year 7 161,241 387,203
NET CURRENT ASSETS 259,706 91,525
TOTAL ASSETS LESS CURRENT
LIABILITIES

283,255

114,950

PROVISIONS FOR LIABILITIES 8 4,710 4,685
NET ASSETS 278,545 110,265

CAPITAL AND RESERVES
Called up share capital 9 102 102
Retained earnings 10 278,443 110,163
SHAREHOLDERS' FUNDS 278,545 110,265

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 3 April 2017 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 2017

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 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 2017

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2016 25,649 1,910 27,559
Additions 90 4,190 4,280
At 28 February 2017 25,739 6,100 31,839
DEPRECIATION
At 1 March 2016 3,847 287 4,134
Charge for year 3,284 872 4,156
At 28 February 2017 7,131 1,159 8,290
NET BOOK VALUE
At 28 February 2017 18,608 4,941 23,549
At 29 February 2016 21,802 1,623 23,425

5. STOCKS
2017 2016
£    £   
Stocks 337,078 66,185

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 35,025 36,718
Other debtors 7,883 4,831
VAT 23,218 -
66,126 41,549

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 73,575 217,256
Tax 71,406 43,272
Social security and other taxes 3,818 1,642
VAT - 30,920
Other creditors 5,495 37,228
Directors' current accounts 6,947 56,885
161,241 387,203

VAPE IMPORTERS LTD (REGISTERED NUMBER: 09444762)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2017

8. PROVISIONS FOR LIABILITIES
2017 2016
£    £   
Deferred tax 4,710 4,685

Deferred
tax
£   
Balance at 1 March 2016 4,685
Accelerated capital allowances 25
Balance at 28 February 2017 4,710

9. CALLED UP SHARE CAPITAL




Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
100 Ordinary £1 100 100
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
102 102

10. RESERVES
Retained
earnings
£   

At 1 March 2016 110,163
Profit for the year 270,280
Dividends (102,000 )
At 28 February 2017 278,443

11. RELATED PARTY DISCLOSURES

D S Mowatt
Director and shareholder of the company.


During the year dividends of £102,000 (2016 - £80,460) where distributed to Mr D Mowatt.

2017 2016
£    £   
Amount due to related party at the balance sheet date 6,947 56,885

VAPE IMPORTERS LTD (REGISTERED NUMBER: 09444762)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2017

11. RELATED PARTY DISCLOSURES - continued

Sub Ohm Juice Limited

A company under common control


Included in cost of sales are purchases of £410,226 (2016 - £nil) from Sub Ohm Juice Ltd. These transactions
were made at arms length and in the ordinary course of business.

12. ULTIMATE CONTROLLING PARTY

The controlling party is D S Mowatt.