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REGISTERED NUMBER: 05669080 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

DI VAPOR LIMITED

DI VAPOR LIMITED (REGISTERED NUMBER: 05669080)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024










Page

Company Information 1

Abridged Balance Sheet 3

Notes to the Financial Statements 5


DI VAPOR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







DIRECTORS: Mr R G Daniel
Dr G Daniel
Mr D Daniel
Mr D Prasetyo



SECRETARY: Mr D Daniel



REGISTERED OFFICE: Michael Heaven & Associates Limited
47 Calthorpe Road
Edgbaston
BIRMINGHAM
West Midlands
B15 1TH



REGISTERED NUMBER: 05669080 (England and Wales)



ACCOUNTANTS: Michael Heaven & Associates Limited
Chartered Certified Accountants
47 Calthorpe Road
Edgbaston
BIRMINGHAM
B15 1TH



BANKERS: HSBC Bank PLC
34 Poplar Road
Solihull
West Midlands
B91 3AF




DI VAPOR LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH APRIL 2024







INCORPORATED: 9th January 2006

DI VAPOR LIMITED (REGISTERED NUMBER: 05669080)

ABRIDGED BALANCE SHEET
30TH APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,535 5,973

CURRENT ASSETS
Stocks 1,578,336 1,571,625
Debtors 1,378,165 1,190,617
Cash at bank 673,642 1,552,448
3,630,143 4,314,690
CREDITORS
Amounts falling due within one year 611,614 791,470
NET CURRENT ASSETS 3,018,529 3,523,220
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,023,064

3,529,193

PROVISIONS FOR LIABILITIES 6 1,264 1,493
NET ASSETS 3,021,800 3,527,700

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 3,021,700 3,527,600
SHAREHOLDERS' FUNDS 3,021,800 3,527,700

DI VAPOR LIMITED (REGISTERED NUMBER: 05669080)

ABRIDGED BALANCE SHEET - continued
30TH APRIL 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13th August 2024 and were signed on its behalf by:





Dr G Daniel - Director


DI VAPOR LIMITED (REGISTERED NUMBER: 05669080)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH APRIL 2024


1. STATUTORY INFORMATION

Di Vapor Limited 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 represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are physically delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 20% on cost
Computer equipment - 25% on cost

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to and from related parties.

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.


DI VAPOR LIMITED (REGISTERED NUMBER: 05669080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


2. ACCOUNTING POLICIES - continued
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
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Pension costs and other post-retirement benefits
The company contributes into the directors defined contribution pension scheme. Contributions payable to the director's pension scheme are charged to the profit and loss account in the period to which they relate.

Hire purchase and leasing commitments
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life.

Operating lease payments are recognised as an expense on a straight line basis over the lease term.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price.

DI VAPOR LIMITED (REGISTERED NUMBER: 05669080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st May 2023 30,475
Additions 1,778
Disposals (8,786 )
At 30th April 2024 23,467
DEPRECIATION
At 1st May 2023 24,502
Charge for year 2,434
Eliminated on disposal (8,004 )
At 30th April 2024 18,932
NET BOOK VALUE
At 30th April 2024 4,535
At 30th April 2023 5,973

5. LEASING AGREEMENTS
The lease payments recognised as an expense during the period totalled £24,000.

6. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 1,264 1,493

Deferred
tax
£   
Balance at 1st May 2023 1,493
Accelerated Capital Allowances (229 )
Balance at 30th April 2024 1,264

DI VAPOR LIMITED (REGISTERED NUMBER: 05669080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH APRIL 2024


6. PROVISIONS FOR LIABILITIES - continued

Provisions are recognised when the company has a legal or constructive obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle the obligation and the amount of the obligation can be reliably estimated.

Provisions are recognised at the best estimate of the amount required to settle the obligation at the reporting date.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
NIL Ordinary A £1 - 25
NIL Ordinary B £1 - 25
NIL Ordinary C £1 - 25
NIL Ordinary D £1 - 25
1 Ordinary E £1 1 -
99 Ordinary. £1 99 -
100 100

The following shares were issued during the year for cash at par :

1 Ordinary E share of £1
99 Ordinary. shares of £1

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30th April 2024 and 30th April 2023:

2024 2023
£    £   
Mr R G Daniel
Balance outstanding at start of year 836,768 491,727
Amounts advanced 91,067 369,041
Amounts repaid (24,000 ) (24,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 903,835 836,768