DR VAPES E-LIQUID LTD

Company Registration Number:
10466237 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

DR VAPES E-LIQUID LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

DR VAPES E-LIQUID LTD

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Fixed assets
Intangible assets: 3 47,616 42,928
Tangible assets: 4 79,286 77,904
Investments: 5 43,651 43,651
Total fixed assets: 170,553 164,483
Current assets
Stocks: 2,791,012 1,508,341
Debtors: 6 575,096 1,504,135
Cash at bank and in hand: 377,921 438,196
Investments:   168,004 59,948
Total current assets: 3,912,033 3,510,620
Creditors: amounts falling due within one year: 7 (573,373) (493,320)
Net current assets (liabilities): 3,338,660 3,017,300
Total assets less current liabilities: 3,509,213 3,181,783
Creditors: amounts falling due after more than one year:   (43,556) (125,437)
Provision for liabilities: (155,000) (203,160)
Total net assets (liabilities): 3,310,657 2,853,186
Capital and reserves
Called up share capital: 1 1
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 1,363,026 1,363,026
Profit and loss account: 1,947,630 1,490,159
Shareholders funds: 3,310,657 2,853,186

The notes form part of these financial statements

DR VAPES E-LIQUID LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 January 2025
and signed on behalf of the board by:

Name: Mohammed Mahdi Hassan
Status: Director

The notes form part of these financial statements

DR VAPES E-LIQUID LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

DR VAPES E-LIQUID LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 22 26

DR VAPES E-LIQUID LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible Assets

Total
Cost £
At 01 April 2023 42,928
Additions 4,688
Disposals 0
Revaluations 0
Transfers 0
At 31 March 2024 47,616
Amortisation
At 01 April 2023 0
Charge for year 0
On disposals 0
Other adjustments 0
At 31 March 2024 0
Net book value
At 31 March 2024 47,616
At 31 March 2023 42,928

DR VAPES E-LIQUID LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible Assets

Total
Cost £
At 01 April 2023 135,472
Additions 30,829
Disposals 0
Revaluations 0
Transfers 0
At 31 March 2024 166,301
Depreciation
At 01 April 2023 57,568
Charge for year 29,447
On disposals 0
Other adjustments 0
At 31 March 2024 87,015
Net book value
At 31 March 2024 79,286
At 31 March 2023 77,904

DR VAPES E-LIQUID LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Fixed investments

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: Freehold buildings : over 50 years Leasehold land and buildings : over the lease term Plant and machinery : over 5 years Fixtures, fittings, tools, and equipment : over 5 years

DR VAPES E-LIQUID LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Debtors

2024 2023
££
Debtors due after more than one year: 266,474 696,177

DR VAPES E-LIQUID LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Creditors: amounts falling due within one year note

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognized at transaction price net of any transaction costs and subsequently measured at amortized cost determined using the effective interest method.

DR VAPES E-LIQUID LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

8. Loans to directors

Name of director receiving advance or credit: MOHAMMED MAHDI HASSAN
Description of the loan: As at 31/3/2024, the company has provided a loan to the director. No interest has been charged on the loan. The loan is classified as a short-term due to the repayment terms.
£
Balance at 01 April 2023 105,924
Advances or credits made: 17,497
Balance at 31 March 2024 123,421