Company Registration No. 10760966 (England and Wales)
DVS Power Tools Ltd
Unaudited accounts
for the year ended 31 May 2025
DVS Power Tools Ltd
Unaudited accounts
Contents
DVS Power Tools Ltd
Company Information
for the year ended 31 May 2025
Directors
Veselin Kutslev
Deyvis Bumbov
Company Number
10760966 (England and Wales)
Registered Office
UNIT 1 RANKINE ROAD
BASINGSTOKE
RG24 8PP
ENGLAND
Accountants
Nikolay Atanasov, Shubraka Opportunities Limited
85 Great Portland Street
First Floor
London
W1W 7LT
DVS Power Tools Ltd
Statement of financial position
as at 31 May 2025
Tangible assets
66,383
112,901
Inventories
3,161,386
3,216,199
Debtors
1,090,700
1,293,599
Cash at bank and in hand
1,850
197
Creditors: amounts falling due within one year
(3,336,577)
(3,718,879)
Net current assets
917,359
791,116
Total assets less current liabilities
986,242
904,017
Creditors: amounts falling due after more than one year
(126,119)
(175,639)
Net assets
860,123
728,378
Called up share capital
1
1
Profit and loss account
860,122
728,377
Shareholders' funds
860,123
728,378
For the year ending 31 May 2025 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 16 October 2025 and were signed on its behalf by
Veselin Kutslev
Director
Company Registration No. 10760966
DVS Power Tools Ltd
Notes to the Accounts
for the year ended 31 May 2025
DVS Power Tools Ltd is a private company, limited by shares, registered in England and Wales, registration number 10760966. The registered office is UNIT 1 RANKINE ROAD, BASINGSTOKE, RG24 8PP, ENGLAND.
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.
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain 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:
Other tangible fixed assets
25
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2024
53,354
48,301
172,412
9,870
283,937
Additions
1,056
-
-
1,040
2,096
At 31 May 2025
54,410
48,301
172,412
10,910
286,033
At 1 June 2024
30,875
34,188
99,072
6,901
171,036
Charge for the year
9,377
4,742
33,372
1,123
48,614
At 31 May 2025
40,252
38,930
132,444
8,024
219,650
At 31 May 2025
14,158
9,371
39,968
2,886
66,383
At 31 May 2024
22,479
14,113
73,340
2,969
112,901
DVS Power Tools Ltd
Notes to the Accounts
for the year ended 31 May 2025
5
Investments
Other investments
Valuation at 1 June 2024
-
Valuation at 31 May 2025
2,500
Amounts falling due within one year
Trade debtors
377,308
579,101
Accrued income and prepayments
24,506
23,326
Other debtors
688,886
335,232
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
366,365
101,913
Trade creditors
2,460,365
3,390,357
Taxes and social security
91,809
29,990
Other creditors
156,955
139,573
Loans from directors
44,807
36,010
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
126,119
175,639
9
Average number of employees
During the year the average number of employees was 11 (2024: 7).