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REGISTERED NUMBER: 12487195 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

CORE Distribution Ltd

CORE Distribution Ltd (Registered number: 12487195)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

CORE Distribution Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: M Dearden





REGISTERED OFFICE: 395-397 Woodchurch Road
Prenton
Merseyside
CH42 8PF





REGISTERED NUMBER: 12487195 (England and Wales)





ACCOUNTANTS: Cheryl Bostock & Company Accountants Limited
395-397 Woodchurch Road
Prenton
Birkenhead
Merseyside

CORE Distribution Ltd (Registered number: 12487195)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 93,673 51,924

CURRENT ASSETS
Stocks 50,000 -
Debtors 5 173,225 507,983
Cash at bank 329,368 304,537
552,593 812,520
CREDITORS
Amounts falling due within one year 6 576,043 610,035
NET CURRENT (LIABILITIES)/ASSETS (23,450 ) 202,485
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,223

254,409

CREDITORS
Amounts falling due after more than one
year

7

(8,783

)

(22,142

)

PROVISIONS FOR LIABILITIES - (148,525 )
NET ASSETS 61,440 83,742

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 61,340 83,642
SHAREHOLDERS' FUNDS 61,440 83,742

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

CORE Distribution Ltd (Registered number: 12487195)

Balance Sheet - continued
28 February 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 director and authorised for issue on 23 February 2024 and were signed by:





M Dearden - Director


CORE Distribution Ltd (Registered number: 12487195)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

CORE 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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 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.

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.

CORE Distribution Ltd (Registered number: 12487195)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022 12,578 2,236 49,757 4,167 68,738
Additions 56,196 - 54,800 - 110,996
Disposals - - (49,757 ) - (49,757 )
At 28 February 2023 68,774 2,236 54,800 4,167 129,977
DEPRECIATION
At 1 March 2022 4,065 668 11,821 260 16,814
Charge for year 16,177 392 13,700 1,042 31,311
Eliminated on disposal - - (11,821 ) - (11,821 )
At 28 February 2023 20,242 1,060 13,700 1,302 36,304
NET BOOK VALUE
At 28 February 2023 48,532 1,176 41,100 2,865 93,673
At 28 February 2022 8,513 1,568 37,936 3,907 51,924

5. DEBTORS
28.2.23 28.2.22
£    £   
Amounts falling due within one year:
Trade debtors 163,757 495,083
VAT 5,093 8,525
168,850 503,608

Amounts falling due after more than one year:
Amounts owed by group undertakings 4,375 4,375

Aggregate amounts 173,225 507,983

CORE Distribution Ltd (Registered number: 12487195)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts (see note 8) 8,876 171
Hire purchase contracts 8,107 9,520
Trade creditors 551,256 593,925
Tax 2,676 2,676
Social security and other taxes 1,010 186
Pensions 77 22
Wages & salaries 1,335 1,105
Directors' current accounts 221 60
Accrued expenses 2,485 2,370
576,043 610,035

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 8,783 22,142

8. LOANS

An analysis of the maturity of loans is given below:

28.2.23 28.2.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 8,876 171

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary 1 100 100

CORE Distribution Ltd

Report of the Accountants to the Director of
CORE Distribution Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2023 set out on pages two to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Cheryl Bostock & Company Accountants Limited
395-397 Woodchurch Road
Prenton
Birkenhead
Merseyside


23 February 2024