Vapoursrus Ltd - Accounts to registrar (filleted) - small 18.2

Vapoursrus Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 08578935(England and Wales)















Financial Statements for the Year Ended 30 June 2019

for

Vapoursrus Ltd

Vapoursrus Ltd (Registered number: 08578935)






Contents of the Financial Statements
for the Year Ended 30 June 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Vapoursrus Ltd

Company Information
for the Year Ended 30 June 2019







Director: L Martin





Registered office: Harvard Street
Rochdale
OL11 2HA





Registered number: 08578935(England and Wales)





Accountant: CWP Chartered Certified Accountants
Unit 1A
85 Greengate
Manchester
M3 7NA

Vapoursrus Ltd (Registered number: 08578935)

Balance Sheet
30 June 2019

30.6.19 30.6.18
Notes £    £    £    £   
Fixed assets
Tangible assets 4 12,815 16,571

Current assets
Stocks 7,588 22,000
Debtors 5 745,536 730,021
Cash at bank and in hand 142,661 59,738
895,785 811,759
Creditors
Amounts falling due within one year 6 372,711 387,338
Net current assets 523,074 424,421
Total assets less current liabilities 535,889 440,992

Capital and reserves
Called up share capital 1 1
Retained earnings 7 535,888 440,991
Shareholders' funds 535,889 440,992

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 26 June 2020and were signed by:





L Martin- Director


Vapoursrus Ltd (Registered number: 08578935)

Notes to the Financial Statements
for the Year Ended 30 June 2019

1. Statutory information

Vapoursrus 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" 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.
Land and buildings - 15% on reducing balance
Plant and machinery etc - 25% on reducing balance and not provided

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.

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.

3. Employees and directors

The average number of employees during the year was 8(2018 - 8) .

Vapoursrus Ltd (Registered number: 08578935)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2019

4. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 July 2018
and 30 June 2019 9,275 26,662 35,937
Depreciation
At 1 July 2018 4,433 14,933 19,366
Charge for year 726 3,030 3,756
At 30 June 2019 5,159 17,963 23,122
Net book value
At 30 June 2019 4,116 8,699 12,815
At 30 June 2018 4,842 11,729 16,571

5. Debtors: amounts falling due within one year
30.6.19 30.6.18
£    £   
Other debtors 745,536 730,021

6. Creditors: amounts falling due within one year
30.6.19 30.6.18
£    £   
Taxation and social security 367,504 382,131
Other creditors 5,207 5,207
372,711 387,338

7. Reserves
Retained
earnings
£   

At 1 July 2018 440,991
Profit for the year 115,900
Dividends (21,003 )
At 30 June 2019 535,888

8. Directors loan account

At the start of the year, the director loan balance was £439,055 in debit and previously section s455 tax was charged of
£91,452. Throughout the financial period there was a net increase of £10,976 that was essentially 2.5% interest charged on
the full overdrawn director loan balance. This has increased the director loan debit balance to £450,031 payable back to the
company.