IRIS Accounts Production v23.3.1.45 08598103 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085981032022-06-30085981032023-06-30085981032022-07-012023-06-30085981032021-06-30085981032021-07-012022-06-30085981032022-06-3008598103ns10:Originalns15:EnglandWales2022-07-012023-06-3008598103ns14:PoundSterlingns10:Original2022-07-012023-06-3008598103ns10:Originalns10:Director12022-07-012023-06-3008598103ns10:Original2022-07-012023-06-3008598103ns10:Original2023-06-3008598103ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3008598103ns10:Originalns10:SmallEntities2022-07-012023-06-3008598103ns10:Originalns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3008598103ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3008598103ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3008598103ns10:Originalns10:AbridgedAccounts2022-07-012023-06-3008598103ns10:Originalns10:OrdinaryShareClass12022-07-012023-06-3008598103ns10:Originalns10:Director22022-07-012023-06-3008598103ns10:Originalns10:RegisteredOffice2022-07-012023-06-3008598103ns10:Original2022-06-3008598103ns10:Originalns5:CurrentFinancialInstruments2023-06-3008598103ns10:Originalns5:CurrentFinancialInstruments2022-06-3008598103ns5:ShareCapitalns10:Original2023-06-3008598103ns5:ShareCapitalns10:Original2022-06-3008598103ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3008598103ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3008598103ns10:Originalns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-07-012023-06-3008598103ns10:Originalns5:PlantMachinery2022-07-012023-06-3008598103ns10:Originalns5:MotorVehicles2022-07-012023-06-3008598103ns10:Originalns5:ComputerEquipment2022-07-012023-06-3008598103ns10:Original2021-07-012022-06-3008598103ns10:Original2022-06-3008598103ns5:Securedns10:Original2023-06-3008598103ns5:Securedns10:Original2022-06-3008598103ns10:Originalns10:OrdinaryShareClass12023-06-30
REGISTERED NUMBER: 08598103 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2023

for

HT Distribution Ltd

HT Distribution Ltd (Registered number: 08598103)






Contents of the Financial Statements
for the year ended 30 June 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


HT Distribution Ltd

Company Information
for the year ended 30 June 2023







DIRECTORS: W Smith
Mrs C J Smith





REGISTERED OFFICE: 22-28 Willow Street
Accrington
Lancashire
BB5 1LP





REGISTERED NUMBER: 08598103 (England and Wales)





ACCOUNTANTS: Mayes Business Partnership Ltd
Chartered Certified Accountants
22-28 Willow Street
Accrington
Lancashire
BB5 1LP

HT Distribution Ltd (Registered number: 08598103)

Abridged Balance Sheet
30 June 2023

30/6/23 30/6/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 461,551 541,286

CURRENT ASSETS
Debtors 197,145 208,716
Cash at bank 1,786,321 1,560,547
1,983,466 1,769,263
CREDITORS
Amounts falling due within one year 285,785 415,774
NET CURRENT ASSETS 1,697,681 1,353,489
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,159,232

1,894,775

PROVISIONS FOR LIABILITIES 52,991 54,906
NET ASSETS 2,106,241 1,839,869

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 2,106,239 1,839,867
SHAREHOLDERS' FUNDS 2,106,241 1,839,869

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

HT Distribution Ltd (Registered number: 08598103)

Abridged Balance Sheet - continued
30 June 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 February 2024 and were signed on its behalf by:





Mrs C J Smith - Director


HT Distribution Ltd (Registered number: 08598103)

Notes to the Financial Statements
for the year ended 30 June 2023

1. STATUTORY INFORMATION

HT 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.

The company provides transportation and distribution services. Revenue is recognised in the accounting period in which the services are rendered when the outcome of contract can be estimated reliably. The company uses the percentage of completion method based on the actual service performed as a percentage of the total services to be provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

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.


HT Distribution Ltd (Registered number: 08598103)

Notes to the Financial Statements - continued
for the year ended 30 June 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 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 11 (2022 - 10 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022 985,561
Additions 7,000
Disposals (25,750 )
At 30 June 2023 966,811
DEPRECIATION
At 1 July 2022 444,275
Charge for year 72,251
Eliminated on disposal (11,266 )
At 30 June 2023 505,260
NET BOOK VALUE
At 30 June 2023 461,551
At 30 June 2022 541,286

5. SECURED DEBTS

The following secured debts are included within creditors:

30/6/23 30/6/22
£    £   
Bank loans - 41,901

HT Distribution Ltd (Registered number: 08598103)

Notes to the Financial Statements - continued
for the year ended 30 June 2023

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/6/23 30/6/22
value: £    £   
2 Ordinary £1 2 2