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REGISTERED NUMBER: 06799860 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Thames Distribution Ltd

Thames Distribution Ltd (Registered number: 06799860)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Thames Distribution Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: P M Collins
T Van Straaten





REGISTERED OFFICE: 8 Horseshoe Park
Pangbourne
Reading
Berkshire
RG8 7JW





REGISTERED NUMBER: 06799860 (England and Wales)





ACCOUNTANTS: Alis Accountants Limited
The Lansdowne Building
No 2 Lansdowne Road
Croydon
CR9 2ER

Thames Distribution Ltd (Registered number: 06799860)

Statement of Financial Position
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 372,973 378,855

CURRENT ASSETS
Stocks 1,474,012 1,524,486
Debtors 5 2,435,400 1,898,654
Cash at bank 621,219 717,752
4,530,631 4,140,892
CREDITORS
Amounts falling due within one year 6 2,475,271 2,029,082
NET CURRENT ASSETS 2,055,360 2,111,810
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,428,333

2,490,665

CREDITORS
Amounts falling due after more than
one year

7

(609,168

)

(743,185

)

PROVISIONS FOR LIABILITIES (831 ) (979 )
NET ASSETS 1,818,334 1,746,501

Thames Distribution Ltd (Registered number: 06799860)

Statement of Financial Position - continued
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,818,234 1,746,401
1,818,334 1,746,501

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Board of Directors and authorised for issue on 28 November 2023 and were signed on its behalf by:





P M Collins - Director


Thames Distribution Ltd (Registered number: 06799860)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Thames Distribution Ltd 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.

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.

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

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 - 33% on cost, 25% on cost and 15% on cost

Freehold property is not depreciated on the basis that repairs expenditure is incurred to maintain the condition of the asset, which is at least equivalent to what depreciation would have been.

Although this accounting policy is in accordance with FRS 102, it is a departure from general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been changed cannot be separately identified or quantified.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Thames Distribution Ltd (Registered number: 06799860)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

Thames Distribution Ltd (Registered number: 06799860)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Computer
property property fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 357,425 53,421 9,670 46,840 467,356
Additions - - - 3,380 3,380
At 31 March 2023 357,425 53,421 9,670 50,220 470,736
DEPRECIATION
At 1 April 2022 - 38,466 9,670 40,365 88,501
Charge for year - 4,862 - 4,400 9,262
At 31 March 2023 - 43,328 9,670 44,765 97,763
NET BOOK VALUE
At 31 March 2023 357,425 10,093 - 5,455 372,973
At 31 March 2022 357,425 14,955 - 6,475 378,855

5. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 2,027,489 1,373,374
Other debtors 55,754 163,405
2,083,243 1,536,779

Amounts falling due after more than one year:
Other debtors 352,157 361,875

Aggregate amounts 2,435,400 1,898,654

Thames Distribution Ltd (Registered number: 06799860)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 37,291 37,076
Trade creditors 2,264,923 1,836,105
Taxation and social security 122,700 112,197
Other creditors 50,357 43,704
2,475,271 2,029,082

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans 173,373 201,490
Other creditors 435,795 541,695
609,168 743,185

Amounts falling due in more than five years:

Repayable by instalments
Other loans 435,795 541,695

8. SECURED DEBTS

Barclays Bank Plc hold a debenture and fixed and floating charges over the assets and undertakings of the company.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 March 2023 an amount of £29,956 (2022: £21,577) was owed to the director P M Collins.