1 March 2022 false No description of principal activity Taxfiler 2023.10.1 13181326business:PrivateLimitedCompanyLtd2022-03-012023-02-28 131813262022-02-28 131813262022-03-012023-02-28 13181326business:AuditExempt-NoAccountantsReport2022-03-012023-02-28 13181326business:FilletedAccounts2022-03-012023-02-28 131813262023-02-28 13181326business:Director12022-03-012023-02-28 13181326business:RegisteredOffice2022-03-012023-02-28 131813262022-02-28 13181326core:WithinOneYear2023-02-28 13181326core:WithinOneYear2022-02-28 13181326core:ShareCapitalcore:PreviouslyStatedAmount2023-02-28 13181326core:ShareCapitalcore:PreviouslyStatedAmount2022-02-28 13181326core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-02-28 13181326core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-02-28 13181326core:PreviouslyStatedAmount2023-02-28 13181326core:PreviouslyStatedAmount2022-02-28 13181326business:SmallEntities2022-03-012023-02-28 13181326countries:EnglandWales2022-03-012023-02-28 131813262021-02-052022-02-28 iso4217:GBP xbrli:pure
Company Registration No. 13181326 (England and Wales)
ABX DISTRIBUTION UK LTD Unaudited accounts for the year ended 28 February 2023
ABX DISTRIBUTION UK LTD Unaudited accounts Contents
Page
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ABX DISTRIBUTION UK LTD Company Information for the year ended 28 February 2023
Director
Mr Andrew Mark Huddart
Company Number
13181326 (England and Wales)
Registered Office
KEMP HOUSE 160 CITY ROAD LONDON EC1V 2NX ENGLAND
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ABX DISTRIBUTION UK LTD Statement of financial position as at 28 February 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
25,992 
41,815 
Debtors
13,979 
29,963 
Cash at bank and in hand
8,123 
2,679 
48,094 
74,457 
Creditors: amounts falling due within one year
(58,976)
(91,992)
Net current liabilities
(10,882)
(17,535)
Net liabilities
(10,882)
(17,535)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(10,982)
(17,635)
Shareholders' funds
(10,882)
(17,535)
For the year ending 28 February 2023 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 director acknowledges his 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 and authorised for issue on 21 November 2023 and were signed on its behalf by
Mr Andrew Mark Huddart Director Company Registration No. 13181326
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ABX DISTRIBUTION UK LTD Notes to the Accounts for the year ended 28 February 2023
1
Statutory information
ABX DISTRIBUTION UK LTD is a private company, limited by shares, registered in England and Wales, registration number 13181326. The registered office is KEMP HOUSE, 160 CITY ROAD, LONDON, EC1V 2NX, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Inventories
Inventories have been valued at cost.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
216 
3,812 
Trade debtors
8,498 
25,090 
Accrued income and prepayments
5,265 
- 
Other debtors
- 
1,061 
13,979 
29,963 
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ABX DISTRIBUTION UK LTD Notes to the Accounts for the year ended 28 February 2023
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
7,159 
- 
VAT
7,403 
- 
Trade creditors
859 
26,774 
Other creditors
29,470 
65,218 
Loans from directors
14,085 
- 
58,976 
91,992 
6
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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