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REGISTERED NUMBER: 03697978 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

CURRYS DISTRIBUTION CO LIMITED

CURRYS DISTRIBUTION CO LIMITED (REGISTERED NUMBER: 03697978)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CURRYS DISTRIBUTION CO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: P D Curry
Mrs F A Curry
P D Curry
S P Curry





REGISTERED OFFICE: 18 Baynes Place
Off Waterhouse Lane
Chelmsford
Essex
CM1 2QX





REGISTERED NUMBER: 03697978 (England and Wales)





ACCOUNTANTS: CBHC Limited
Suite 3, Steeple House
Church Lane
Chelmsford
Essex
CM1 1NH

CURRYS DISTRIBUTION CO LIMITED (REGISTERED NUMBER: 03697978)

BALANCE SHEET
29 FEBRUARY 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 111,964 130,127
111,964 130,127

CURRENT ASSETS
Stocks 510,924 695,591
Debtors 6 297,510 217,118
Cash at bank and in hand 610,050 234,185
1,418,484 1,146,894
CREDITORS
Amounts falling due within one year 7 359,309 223,418
NET CURRENT ASSETS 1,059,175 923,476
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,171,139

1,053,603

PROVISIONS FOR LIABILITIES 25,380 27,356
NET ASSETS 1,145,759 1,026,247

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,145,659 1,026,147
SHAREHOLDERS' FUNDS 1,145,759 1,026,247

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

CURRYS DISTRIBUTION CO LIMITED (REGISTERED NUMBER: 03697978)

BALANCE SHEET - continued
29 FEBRUARY 2024


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 1 August 2024 and were signed on its behalf by:





P D Curry - Director


CURRYS DISTRIBUTION CO LIMITED (REGISTERED NUMBER: 03697978)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

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

Patents and licences are being amortised evenly over their estimated useful life of ten 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, 25% on cost and 15% on reducing balance

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.


CURRYS DISTRIBUTION CO LIMITED (REGISTERED NUMBER: 03697978)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


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 20 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023
and 29 February 2024 14,250
AMORTISATION
At 1 March 2023
and 29 February 2024 14,250
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

CURRYS DISTRIBUTION CO LIMITED (REGISTERED NUMBER: 03697978)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 435,978
Additions 8,394
At 29 February 2024 444,372
DEPRECIATION
At 1 March 2023 305,851
Charge for year 26,557
At 29 February 2024 332,408
NET BOOK VALUE
At 29 February 2024 111,964
At 28 February 2023 130,127

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Trade debtors 291,549 204,410
Other debtors 5,961 12,708
297,510 217,118

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Bank loans and overdrafts - 2,469
Trade creditors 161,856 159,029
Taxation and social security 172,162 38,803
Other creditors 25,291 23,117
359,309 223,418

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed the director £12,522 (2023: £12,522).

9. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.