ACME VAPE LTD
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Cash
£5.5M
-25.1% vs 2024
Net assets
£14M
+52.7% highest in 4 filed years
Employees
150
+23% vs 2024
Profit before tax
£11M
+77.2% highest in 3 filed years
Net assets
4-year trend · vs Consumer Discretionary median
Accounts
4-year trend · Δ = latest vs prior filed period · latest reflected 2025-02-28
| Metric | Trend | 2020-02-29 | 2021-02-28 | 2024-02-29 | 2025-02-28 | Δ vs prior |
|---|---|---|---|---|---|---|
| Turnover | — | £8,525,872 | £52,135,028 | £79,436,251 | +52.4% | |
| Operating profit | — | £2,123,808 | £6,114,372 | £10,781,164 | +76.3% | |
| Profit before tax | — | £2,124,745 | £6,067,420 | £10,750,938 | +77.2% | |
| Net profit | — | £1,747,164 | £4,335,615 | £8,054,352 | +85.8% | |
| Cash | £1,154,876 | £1,124,507 | £7,337,452 | £5,495,205 | -25.1% | |
| Total assets less current liabilities | — | £3,063,871 | £9,814,580 | £14,599,734 | +48.8% | |
| Net assets | £988,707 | £2,688,871 | £9,275,936 | £14,162,288 | +52.7% | |
| Equity | £988,707 | £2,688,871 | £9,275,936 | £14,162,288 | +52.7% | |
| Average employees | — | — | 122 | 150 | +23% | |
| Wages | — | £1,025,097 | £3,090,575 | £4,177,220 | +35.2% | |
| Directors' remuneration | — | £1,667 | £12,500 | £22,917 | +83.3% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2020-02-29 | 2021-02-28 | 2024-02-29 | 2025-02-28 |
|---|---|---|---|---|---|
| Operating margin | — | 24.9% | 11.7% | 13.6% | |
| Net margin | — | 20.5% | 8.3% | 10.1% | |
| Return on capital employed | — | 69.3% | 62.3% | 73.8% | |
| Gearing (liabilities / total assets) | — | — | 69.6% | 61.1% | |
| Current ratio | — | — | 1.43x | 1.63x |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Name history
Renamed 3 times since incorporation
- ACME VAPE LTD 2016-11-08 → present
- ACME WAPE LTD 2016-11-07 → 2016-11-08
- SPLASH DRINKS LTD 2016-04-26 → 2016-11-07
- HADI GLOBAL LTD 2016-02-15 → 2016-04-26
Audit & accounting basis
- Accounting basis
- FRS 102
- Reporting scope
- Standalone (parent only)
- Auditor
- Watergates Ltd (Statutory Auditor)
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The director has reviewed future projections, including preparing cash flow forecasts, which they feel adequately reflect the current uncertain economic environment. After considering all relevant uncertainties, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the annual financial statements.”
Significant events
- “Subsequent to the balance sheet date, the UK Government announced legislation to prohibit the sale of disposable vaping products. The company previously generated part of its revenue from the distribution of disposable vapes. The entity has considered the potential impact of this change and does not believe it gives rise to a material uncertainty regarding the company's ability to continue as a going concern. Prior to the ban, the company had already begun diversifying its product range and shifting its focus toward alternative vaping and related products that remain compliant with legislation. Accordingly, while the ban may reduce revenue from disposable vapes in future periods, management expects this to be offset by growth in other product lines, and the overall impact on the company's operations and financial position is not expected to be significant. The entity still expects an increase in turnover in the following period.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
1 active · 4 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| BAWA, Ahsan | Director | 2019-08-19 | Feb 1985 | British |
Show 4 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BAWA, Asad Asim | Director | 2016-02-15 | 2020-05-20 |
| BAWA, Asim Ismail | Director | 2016-04-25 | 2020-04-06 |
| BAWA, Asim Ismail | Director | 2016-02-15 | 2016-02-15 |
| MUSSA, Fayaz | Director | 2016-12-06 | 2018-01-03 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Ivg Holdings Ltd | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2024-03-01 | Active |
| Mr Ahsan Bawa | Individual | Shares 75–100% | 2020-08-27 | Ceased 2024-03-01 |
| Mr Asad Asim Bawa | Individual | Significant influence | 2016-04-06 | Ceased 2024-03-01 |
Filing timeline
Last 20 of 48 total filings
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-03-04 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-11-05 | AA | accounts | Accounts with accounts type full | |
| 2025-06-23 | MR04 | mortgage | Mortgage satisfy charge full | |
| 2025-03-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2024-11-28 | AA | accounts | Accounts with accounts type full | |
| 2024-05-23 | CS01 | confirmation-statement | Confirmation statement with updates | |
| 2024-05-23 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-03-12 | PSC02 | persons-with-significant-control | Notification of a person with significant control | |
| 2024-03-12 | PSC07 | persons-with-significant-control | Cessation of a person with significant control | |
| 2024-03-04 | AA | accounts | Accounts with accounts type full | |
| 2024-01-24 | AD01 | address | Change registered office address company with date old address new address | |
| 2023-09-14 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2023-02-28 | AA | accounts | Accounts with accounts type full | |
| 2022-10-10 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2022-06-08 | AD01 | address | Change registered office address company with date old address new address | |
| 2022-04-07 | AD01 | address | Change registered office address company with date old address new address | |
| 2021-11-30 | AA | accounts | Accounts with accounts type total exemption full | |
| 2021-09-13 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2021-02-27 | AA | accounts | Accounts with accounts type total exemption full | |
| 2020-11-27 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 2
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.