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REGISTERED NUMBER: 01494806 (England and Wales)


















AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

TASCO DISTRIBUTORS LIMITED

TASCO DISTRIBUTORS LIMITED (REGISTERED NUMBER: 01494806)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


TASCO DISTRIBUTORS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: T J Pattison
C E Parkander
J L Wharmby



REGISTERED OFFICE: 123 Wellington Road South
Stockport
Cheshire
SK1 3TH



REGISTERED NUMBER: 01494806 (England and Wales)



AUDITORS: Allens Accountants Limited
Statutory Auditor and
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH



BANKERS: Nordea Bank Finland Plc
8th Floor
City Place House
55 Basinghall Street
London
EC2V 5NB

TASCO DISTRIBUTORS LIMITED (REGISTERED NUMBER: 01494806)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks - 43,174
Debtors 5 325,199 321,705
Cash at bank 193,421 6,150
518,620 371,029
CREDITORS
Amounts falling due within one year 6 57,010 52,124
NET CURRENT ASSETS 461,610 318,905
TOTAL ASSETS LESS CURRENT
LIABILITIES

461,610

318,905

CAPITAL AND RESERVES
Called up share capital 7 1,254,600 1,254,600
Retained earnings (792,990 ) (935,695 )
SHAREHOLDERS' FUNDS 461,610 318,905

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27th March 2024 and were signed on its behalf by:




T J Pattison - Director



J L Wharmby - Director


TASCO DISTRIBUTORS LIMITED (REGISTERED NUMBER: 01494806)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

Tasco Distributors 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.

Going concern
During 2023 the Company sold its trade and assets and ceased trading. In the opinion of the Directors, it remains appropriate to prepare the Company's accounts on a going concern basis.

Revenue recognition
Revenue is measured at the fair value of the consideration receivable and represents the total amount receivable by the company for goods supplied in the normal course of business, excluding value added tax and trade discounts. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

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 - 2-5 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
A financial asset or liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

TASCO DISTRIBUTORS LIMITED (REGISTERED NUMBER: 01494806)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST 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.

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 2 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st January 2023 5,250
Disposals (5,250 )
At 31st December 2023 -
DEPRECIATION
At 1st January 2023 5,250
Eliminated on disposal (5,250 )
At 31st December 2023 -
NET BOOK VALUE
At 31st December 2023 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 1,631
Amounts owed by group undertakings 256,895 315,614
Other debtors 68,304 4,460
325,199 321,705

TASCO DISTRIBUTORS LIMITED (REGISTERED NUMBER: 01494806)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 94 3,953
Taxation and social security 44,125 45,271
Other creditors 12,791 2,900
57,010 52,124

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,254,600 Ordinary £1 1,254,600 1,254,600

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Wright (Senior Statutory Auditor)
for and on behalf of Allens Accountants Limited

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

The company's parent company in the UK is Interket Holdings UK Limited, for which group accounts are prepared, company number 3118349. The ultimate parent company is Interket A/S, a company registered in Denmark. The accounts of the ultimate parent company can be obtained from c/o F.E. Bording A/S, Ejby Industrivej 91, 2600 Glostrup, Denmark.