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DVS POWER TOOLS LTD
Registered Number:10760966
For the year ended 31 May 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2023
DVS POWER TOOLS LTD
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
10760966
As at 31 May 2023
DVS POWER TOOLS LTD
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
170,663
228,671
170,663
228,671
Current assets
Inventories
3,427,111
2,501,274
2
Trade and other receivables
481,789
372,608
3
7,852
Cash and cash equivalents
913
2,874,795
3,916,752
Trade and other payables: amounts falling due within one
year
(2,803,442)
(2,022,793)
4
1,113,310
852,002
Net current assets
Total assets less current liabilities
1,022,665
1,341,981
Trade and other payables: amounts falling due after more
than one year
(41,787)
(37,120)
5
985,545
Net assets
1,300,194
Capital and reserves
Called up share capital
1
1
Retained earnings
985,544
1,300,193
985,545
1,300,194
Shareholders' funds
For the year ended 31 May 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Deyvis Bumbov Director
These financial statements were approved and authorised for issue by the Board on 24 October 2023 and were signed by:
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4
Registered Number :
10760966
For the year ended 31 May 2023
DVS POWER TOOLS LTD
Statement of Financial Position Continued
The notes form part of these financial statements
2 of 4
5
For the year ended 31 May 2023
DVS POWER TOOLS LTD
Notes to the Financial Statements
Statutory Information
DVS POWER TOOLS LTD is a private limited company, limited by shares, domiciled in England and Wales,
registration number 10760966.
Registered address:
Unit 4 Hatch Industrial Park Greywell Road
Mapledurwell
Basingstoke
RG24 7NG
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
2. Inventories
2022
2023
£
£
Stocks
2,501,274
3,427,111
3. Trade and other receivables
2022
2023
£
£
Trade debtors
299,003
373,540
Other debtors
73,605
108,249
481,789
372,608
The debtors above include the following amounts falling due after more than one year:
Other debtors
23,835
38,773
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6
For the year ended 31 May 2023
DVS POWER TOOLS LTD
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft
597,420
1,291,781
Trade creditors
909,527
1,132,608
Taxation and social security
458,882
344,776
Other creditors
56,964
34,277
2,022,793
2,803,442
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Other creditors
37,120
41,787
6. Directors advances and guarantees
A director loan totalling £8,770 was outstanding at the end of the accounting period. The advance was repaid in the
subsequent period. All advances were unsecured, interest-free and repayable on demand.
7. Average number of persons employed
During the year the average number of employees was 12 (2022 : 19)
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