Registered number
10423882
Dima's Vodka UK Ltd
Filleted Accounts
31 October 2023
Keith Vaudrey & Co Ltd
Chartered Certified Accountants
51 Marloes Road
London W8 6LA
Dima's Vodka UK Ltd
Registered number: 10423882
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 56 173
56 173
Current assets
Stocks 27,816 48,719
Debtors 4 17,557 14,969
Cash at bank 678 1,115
46,051 64,803
Creditors: amounts falling due within one year 5 (9,684) (5,490)
Net current assets 36,367 59,313
Total assets less current liabilities 36,423 59,486
Creditors: amounts falling due after more than one year 6 (420,915) (394,461)
Net liabilities (384,492) (334,975)
Capital and reserves
Called up share capital 1 1
Profit and loss account (384,493) (334,976)
Shareholder's funds (384,492) (334,975)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dmitry Deinega
Director
Approved by the board on 15 October 2024
Dima's Vodka UK Ltd
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office Equipment 20% Straight line method
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
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.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Office Equipment Total
£ £
Cost
At 1 November 2022 583 583
At 31 October 2023 583 583
Depreciation
At 1 November 2022 410 410
Charge for the year 117 117
At 31 October 2023 527 527
Net book value
At 31 October 2023 56 56
At 31 October 2022 173 173
4 Debtors 2023 2022
£ £
Trade debtors 17,557 14,969
17,557 14,969
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 3,460 1,932
Taxation and social security costs 4,224 1,183
Other creditors 2,000 2,375
9,684 5,490
6 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 420,915 394,461
7 Related party transactions
The shareholder's loan account was £420,915 for the current year ended 31 October 2023 and £394,461 for the previous year due to Mr Dmitry Deneiga. The loan is interest free.
8 Other information
Dima's Vodka UK Ltd is a private company limited by shares and incorporated in England. Its registered office is:
51 Marloes Road
London
W8 6LA
9 Charity donations
The director gave away full bottles of Dima's Vodka to charities with the aim to raise funds in order to support the Ukranians who have been hugely affected by the Russia and Ukraine war. Donations in monetary value was also made.
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