Company Registration No. SC262060 (Scotland)
DVI Technologies Limited
Unaudited accounts
for the year ended 31 January 2024
DVI Technologies Limited
Unaudited accounts
Contents
DVI Technologies Limited
Company Information
for the year ended 31 January 2024
Directors
Mr James Gilmour McLaughlin
Mr Stephen Murney
Company Number
SC262060 (Scotland)
Registered Office
Suite 11, Buchanan Business Park
Cumbernauld Road
Glasgow
Lanarkshire
G33 6HZ
GBR
Accountants
McCreath Accountancy
Lomond House
4 South Street
Inchinnan
Renfrewshire
PA4 9RJ
DVI Technologies Limited
Statement of financial position
as at 31 January 2024
Tangible assets
141,714
27,674
Inventories
(57,834)
53,223
Cash at bank and in hand
80,096
61,680
Creditors: amounts falling due within one year
(231,651)
(187,242)
Net current assets
40,873
162,240
Total assets less current liabilities
182,587
189,914
Creditors: amounts falling due after more than one year
(26,015)
(152,139)
Called up share capital
100
100
Profit and loss account
156,472
37,675
Shareholders' funds
156,572
37,775
For the year ending 31 January 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2024 and were signed on its behalf by
Mr Stephen Murney
Director
Company Registration No. SC262060
DVI Technologies Limited
Notes to the Accounts
for the year ended 31 January 2024
DVI Technologies Limited is a private company, limited by shares, registered in Scotland, registration number SC262060. The registered office is Suite 11, Buchanan Business Park, Cumbernauld Road, Glasgow, Lanarkshire, G33 6HZ, GBR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
81,459
129,904
10,801
222,164
Additions
133,361
-
4,169
137,530
At 31 January 2024
223,820
129,904
14,970
368,694
At 1 February 2023
69,148
114,541
10,801
194,490
Charge for the year
16,622
15,363
505
32,490
At 31 January 2024
85,770
129,904
11,306
226,980
At 31 January 2024
138,050
-
3,664
141,714
At 31 January 2023
12,311
15,363
-
27,674
Amounts falling due within one year
Trade debtors
150,792
197,210
Amounts due from group undertakings etc.
-
21,024
Other debtors
99,470
16,345
DVI Technologies Limited
Notes to the Accounts
for the year ended 31 January 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
7,631
9,111
Obligations under finance leases and hire purchase contracts
-
24,551
Trade creditors
176,207
99,640
Taxes and social security
47,813
53,940
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
30,662
Loans from directors
-
40,000
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).