Registered number
09799714
DOOZY VAPE CO. LTD
Filleted Accounts
28 February 2025
DOOZY VAPE CO. LTD
Registered number: 09799714
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 271,392 187,916
Current assets
Stocks 325,284 429,326
Debtors 4 626,850 451,241
Cash at bank and in hand 177,104 44,761
1,129,238 925,328
Creditors: amounts falling due within one year 5 (690,797) (356,449)
Net current assets 438,441 568,879
Net assets 709,833 756,795
Capital and reserves
Called up share capital 100 100
Profit and loss account 709,733 756,695
Shareholder's funds 709,833 756,795
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.
IMRAN ISMAIL
Director
Approved by the board on 23 May 2025
DOOZY VAPE CO. LTD
Notes to the Accounts
for the year ended 28 February 2025
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. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Plant and machinery over 10 years
Fixtures, fittings, tools and equipment over 10 years
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.
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 2025 2024
Number Number
Average number of persons employed by the company 10 8
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2024 246,055
Additions 120,091
At 28 February 2025 366,146
Depreciation
At 1 March 2024 58,139
Charge for the year 36,615
At 28 February 2025 94,754
Net book value
At 28 February 2025 271,392
At 29 February 2024 187,916
4 Debtors 2025 2024
£ £
Trade debtors 537,485 426,751
Other debtors 89,365 24,490
626,850 451,241
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 565,072 308,047
Corporation tax 50,958 74,143
Other creditors 74,767 (25,741)
690,797 356,449
6 Controlling party
The company is under the full control of Doozy Holding Ltd.
7 Other information
DOOZY VAPE CO. LTD is a private company limited by shares and incorporated in England. Its registered office is:
UNIT 1,
31 BRETTON STREET
DEWSBURY
WEST YORKSHIRE
WF12 9BJ
8 Brand Development
The Company continues to invest in developing its brand with Marketing costs totalling £86055.
9 Premises
The company has relocated to New Premises and invested significantly in order to moving all their departments under one roof.
10 International Ventures
The company continues to export goods, but has found foreign markets a significant challenge.
11 UK Market.
Doozy continues to expand in the UK market with a significant increase in new customers. However, competition is getting strong and it is only due to cost cutting that they have been able to maintain Sales.
12 Forecast for Year ending 28/02/2026
The company has consolidated its market share, however turnover has dropped by 12%.
In this year, the Margins have improved slightly and we are confident that we can maintain
our market share and even increase our Profit Margins.
The aim is to increase Sales in the Export market, which should bare fruit in the coming 12 months.
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