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REGISTERED NUMBER: 07720852 (England and Wales)








Unaudited Financial Statements

For The Year Ended 30 September 2023

for

Task Force Distribution Limited

Task Force Distribution Limited (Registered number: 07720852)






Contents of the Financial Statements
For The Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Task Force Distribution Limited

Company Information
For The Year Ended 30 September 2023







DIRECTORS: S Jones
Ms L J Bradley





REGISTERED OFFICE: Harscombe House
1 Darklake View
Estover
Plymouth
Devon
PL6 7TL





REGISTERED NUMBER: 07720852 (England and Wales)





ACCOUNTANTS: Bromhead
Harscombe House
1 Darklake View
Plymouth
Devon
PL6 7TL

Task Force Distribution Limited (Registered number: 07720852)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 20,785 25,402
20,785 25,402

CURRENT ASSETS
Stocks 275,337 225,879
Debtors 6 105,737 105,824
Cash at bank and in hand 47,700 45,387
428,774 377,090
CREDITORS
Amounts falling due within one year 7 226,568 215,533
NET CURRENT ASSETS 202,206 161,557
TOTAL ASSETS LESS CURRENT
LIABILITIES

222,991

186,959

CREDITORS
Amounts falling due after more than one
year

8

(28,445

)

(40,530

)

PROVISIONS FOR LIABILITIES (4,498 ) (5,522 )
NET ASSETS 190,048 140,907

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 189,848 140,707
SHAREHOLDERS' FUNDS 190,048 140,907

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

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

Task Force Distribution Limited (Registered number: 07720852)

Balance Sheet - continued
30 September 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 15 April 2024 and were signed on its behalf by:





S Jones - Director


Task Force Distribution Limited (Registered number: 07720852)

Notes to the Financial Statements
For The Year Ended 30 September 2023

1. STATUTORY INFORMATION

Task Force Distribution 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.

Intangible assets
Intangible assets, being distribution rights in connection with the acquisition of Task Force Limited, have now been fully amortised over the agreed term of 10 years.

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 - 25% on reducing balance, 15% on reducing balance and 33.3% straight line
Leasehold - 10% straight line

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.

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 - 3 ) .

Task Force Distribution Limited (Registered number: 07720852)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2023

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2022
and 30 September 2023 223,786
AMORTISATION
At 1 October 2022
and 30 September 2023 223,786
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022 5,218 73,982 79,200
Additions - 367 367
At 30 September 2023 5,218 74,349 79,567
DEPRECIATION
At 1 October 2022 1,902 51,896 53,798
Charge for year 522 4,462 4,984
At 30 September 2023 2,424 56,358 58,782
NET BOOK VALUE
At 30 September 2023 2,794 17,991 20,785
At 30 September 2022 3,316 22,086 25,402

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 86,220 89,804
Other debtors 19,517 16,020
105,737 105,824

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 13,442 14,800
Trade creditors 26,118 64,002
Taxation and social security 67,025 63,753
Other creditors 119,983 72,978
226,568 215,533

Task Force Distribution Limited (Registered number: 07720852)

Notes to the Financial Statements - continued
For The Year Ended 30 September 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans 28,445 40,530

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.9.23 30.9.22
£    £   
Within one year 2,875 34,500
Between one and five years - 8,625
2,875 43,125