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REGISTERED NUMBER: 04241374 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Distinction Limited

Distinction Limited (Registered number: 04241374)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Distinction Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: G J Bloor
J R Bloor





SECRETARY: J R Bloor





REGISTERED OFFICE: 21 The Triangle
NG2 Business Park
Queens Drive
Nottingham
NG2 1AE





REGISTERED NUMBER: 04241374 (England and Wales)





ACCOUNTANTS: Bexons
Chartered Accountants
24 Rectory Road
West Bridgford
Nottingham
Nottinghamshire
NG2 6BG

Distinction Limited (Registered number: 04241374)

Balance Sheet
31 March 2023

'23 '22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25,790 32,844

CURRENT ASSETS
Debtors 5 247,006 142,689
Cash at bank and in hand 472,436 426,675
719,442 569,364
CREDITORS
Amounts falling due within one year 6 169,485 82,480
NET CURRENT ASSETS 549,957 486,884
TOTAL ASSETS LESS CURRENT
LIABILITIES

575,747

519,728

PROVISIONS FOR LIABILITIES 8,618 8,618
NET ASSETS 567,129 511,110

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 567,125 511,106
SHAREHOLDERS' FUNDS 567,129 511,110

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.

Distinction Limited (Registered number: 04241374)

Balance Sheet - continued
31 March 2023


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 22 December 2023 and were signed on its behalf by:




G J Bloor - Director



J R Bloor - Director


Distinction Limited (Registered number: 04241374)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Distinction 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.

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 and 20% on cost

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 18 ) .

Distinction Limited (Registered number: 04241374)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 165,359
Additions 7,860
At 31 March 2023 173,219
DEPRECIATION
At 1 April 2022 132,515
Charge for year 14,914
At 31 March 2023 147,429
NET BOOK VALUE
At 31 March 2023 25,790
At 31 March 2022 32,844

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
'23 '22
£    £   
Trade debtors 107,456 73,275
Other debtors 91,045 4,098
Tax 6,906 6,906
Prepayments & accrued income 41,599 58,410
247,006 142,689

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
'23 '22
£    £   
Trade creditors 14,519 10,911
Tax 44,032 -
Social security and other taxes 82,420 50,833
Other creditors 7,950 6,945
Directors' current accounts 5,017 4,284
Accrued expenses 15,547 9,507
169,485 82,480