Distributor Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04719480 (England and Wales)

Financial Statements

for the Year Ended 31 March 2022

for

Distributor Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr P C Lidgerton

SECRETARY:

Mrs P Joyce

REGISTERED OFFICE:

Brightwell Grange

Britwell Road

Burnham

Buckinghamshire

SL1 8DF

REGISTERED NUMBER:

04719480 (England and Wales)

SENIOR STATUTORY AUDITOR:

Susan Ambrose FCCA FCA

AUDITORS:

Butt Miller

Chartered Accountants and Statutory Auditor

92 Park Street

Camberley

Surrey

GU15 3NY

ACCOUNTANTS:

Blue Cube Accountants Limited

Brightwell Grange

Britwell Road

Burnham

Buckinghamshire

SL1 8DF

FIXED ASSETS

Tangible assets

4

44,390

59,186

Investments

5

150,000

194,390

209,186

CURRENT ASSETS

Debtors

6

2,773,813

2,764,744

Investments

7

-

336,340

Cash at bank

621,497

878,153

3,395,310

3,979,237

CREDITORS

Amounts falling due within one year

8

(1,668,766

)

(1,677,951

)

NET CURRENT ASSETS

1,726,544

2,301,286

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,920,934

2,510,472

CREDITORS

Amounts falling due after more than one
year

9

(32,357

)

(32,975

)

PROVISIONS FOR LIABILITIES

(8,434

)

(11,245

)

NET ASSETS

1,880,143

2,466,252

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

1,879,143

2,465,252

1,880,143

2,466,252

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 December 2022 and were signed by:

Mr P C Lidgerton - Director

1.	STATUTORY INFORMATION

Distributor Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

On 31 March 2022 the company sold its goodwill, business name, business information and business intellectual property rights to another group company. As a result the accounts have been prepared on a basis other than the going concern basis. The company will continue for the time being on a non-trading basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised when the purchases have been sourced.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Investments

Fixed asset investments are measured at cost less impairment.

Current asset investments are measured at market value at the year-end date. Any gain or loss is charged to the Income Statement.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the Income Statement in the period to which they relate.

Hire purchase

Assets obtained under hire purchase contracts are capitalised in the Balance Sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives.

The interest element of these obligations is charged to the Income Statement over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

and 31 March 2022

63,132

DEPRECIATION

At 1 April 2021

3,946

Charge for year

14,796

At 31 March 2022

18,742

NET BOOK VALUE

At 31 March 2022

44,390

At 31 March 2021

59,186

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2022

2021

£

Unlisted investment in LLP

150,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

Trade debtors

1,491,459

1,256,394

Amounts owed by group undertakings

726,800

1,508,350

Other debtors

555,554

-

2,773,813

2,764,744

7.	CURRENT ASSET INVESTMENTS

2022

2021

£

Unlisted investments

-

336,340

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

Hire purchase contracts

618

Trade creditors

1,063,496

1,090,975

Amounts owed to group undertakings

5,723

529,940

Tax

34,023

29,657

Social security and other taxes

555,554

-

VAT

1,602

22,661

Accruals and deferred income

7,750

4,100

1,668,766

1,677,951

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

Hire purchase contracts

32,357

32,975

10.	SECURED DEBTS

The following secured debts are included within creditors:

2022

2021

£

Hire purchase contracts

32,975

33,593

Assets purchased under hire purchase agreements are designated as security on these contracts.

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Susan Ambrose FCCA FCA (Senior Statutory Auditor)

for and on behalf of Butt Miller

12.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

All intra-group loans are interest free, unsecured and repayable on demand.

13.	ULTIMATE PARENT COMPANY

The immediate and ultimate parent company, and controlling party is Survival of the Fittest Limited of Brightwell Grange, Britwell Road, Burnham, Buckinghamshire SL1 8DF. Survival of the Fittest Limited is the parent company of the largest and smallest group for which consolidated accounts are prepared.

Distributor Limited - Accounts to registrar (filleted) - small 22.3

Distributor Limited - Accounts to registrar (filleted) - small 22.3