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REGISTERED NUMBER: 07022906 (England and Wales)















MARKETING DISTRIBUTION SERVICES (UK)
LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2023






MARKETING DISTRIBUTION SERVICES (UK)
LIMITED (REGISTERED NUMBER: 07022906)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

MARKETING DISTRIBUTION SERVICES (UK)
LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: N Dean
M G Mantell





REGISTERED OFFICE: Units 31
Calibre Industrial Estate
Laches Lane
Four Ashes
South Staffordshire
WV10 7DZ





REGISTERED NUMBER: 07022906 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

MARKETING DISTRIBUTION SERVICES (UK)
LIMITED (REGISTERED NUMBER: 07022906)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 7,332 6,762
7,332 6,762

CURRENT ASSETS
Debtors 6 47,190 32,374
Cash at bank 46,939 16,256
94,129 48,630
CREDITORS
Amounts falling due within one year 7 79,460 73,677
NET CURRENT ASSETS/(LIABILITIES) 14,669 (25,047 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,001

(18,285

)

PROVISIONS FOR LIABILITIES 8 960 -
NET ASSETS/(LIABILITIES) 21,041 (18,285 )

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 21,039 (18,287 )
SHAREHOLDERS' FUNDS 21,041 (18,285 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

MARKETING DISTRIBUTION SERVICES (UK)
LIMITED (REGISTERED NUMBER: 07022906)

Balance Sheet - continued
31 December 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 8 April 2024 and were signed on its behalf by:




M G Mantell - Director



N Dean - Director


MARKETING DISTRIBUTION SERVICES (UK)
LIMITED (REGISTERED NUMBER: 07022906)

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


1. STATUTORY INFORMATION

Marketing Distribution Services (UK) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 recognised at the point of service delivery.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & equipment - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% Straight Line

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference shares or non-puttable ordinary shares which are measured at fair value, with changes
recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

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.


MARKETING DISTRIBUTION SERVICES (UK)
LIMITED (REGISTERED NUMBER: 07022906)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

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 3 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 250,000
AMORTISATION
At 1 January 2023
and 31 December 2023 250,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

MARKETING DISTRIBUTION SERVICES (UK)
LIMITED (REGISTERED NUMBER: 07022906)

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


5. TANGIBLE FIXED ASSETS
Improvements
to Fixtures Motor Computer
property & equipment vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 3,490 7,628 7,745 3,240 22,103
Additions - - 3,000 - 3,000
Disposals - - (2,950 ) - (2,950 )
At 31 December 2023 3,490 7,628 7,795 3,240 22,153
DEPRECIATION
At 1 January 2023 - 6,949 5,327 3,065 15,341
Charge for year - 136 560 44 740
Eliminated on disposal - - (1,260 ) - (1,260 )
At 31 December 2023 - 7,085 4,627 3,109 14,821
NET BOOK VALUE
At 31 December 2023 3,490 543 3,168 131 7,332
At 31 December 2022 3,490 679 2,418 175 6,762

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 24,972 23,640
Tax - 231
Called up share capital not paid 1 1
Prepayments 22,217 8,502
47,190 32,374

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 4,689 12,118
Social security and other taxes 25,971 15,654
Accruals and deferred income 48,800 45,905
79,460 73,677

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 960 -

MARKETING DISTRIBUTION SERVICES (UK)
LIMITED (REGISTERED NUMBER: 07022906)

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


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Charge to Income Statement during year 960
Balance at 31 December 2023 960

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
1 Ordinary £1 2 2

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There was no balance outstanding on the Director's loan account at the year end.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the Director.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Marketing Distribution Services (UK)
Limited


The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Marketing Distribution Services (UK) Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Marketing Distribution Services (UK) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Marketing Distribution Services (UK) Limited and state those matters that we have agreed to state to the Board of Directors of Marketing Distribution Services (UK) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Marketing Distribution Services (UK) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Marketing Distribution Services (UK) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Marketing Distribution Services (UK) Limited. You consider that Marketing Distribution Services (UK) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Marketing Distribution Services (UK) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


10 April 2024