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REGISTERED NUMBER: 04246588 (England and Wales)


























FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

TOTAL DISTRIBUTION AND RETAIL SOLUTIONS
LTD

TOTAL DISTRIBUTION AND RETAIL SOLUTIONS
LTD (REGISTERED NUMBER: 04246588)

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


TOTAL DISTRIBUTION AND RETAIL SOLUTIONS
LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: Mr I S Waller
Mr T Maniwa
Mr Y Murata



SECRETARY: Mr I S Waller



REGISTERED OFFICE: Unit 1 Christchurch Business Park
Radar Way
Christchurch
Dorset
BH23 4FL



REGISTERED NUMBER: 04246588 (England and Wales)



SENIOR STATUTORY AUDITOR: Ross Garfitt



AUDITORS: Langdowns DFK Limited
Statutory Auditor
Fleming Court
Leigh Road
Eastleigh
Southampton
Hampshire
SO50 9PD

TOTAL DISTRIBUTION AND RETAIL SOLUTIONS
LTD (REGISTERED NUMBER: 04246588)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 5,401 4,164
5,401 4,164

CURRENT ASSETS
Stocks 550,812 335,846
Debtors 7 166,585 156,770
Cash at bank and in hand 422,614 521,879
1,140,011 1,014,495
CREDITORS
Amounts falling due within one year 8 210,125 141,391
NET CURRENT ASSETS 929,886 873,104
TOTAL ASSETS LESS CURRENT
LIABILITIES

935,287

877,268

CAPITAL AND RESERVES
Called up share capital 9 90 90
Capital redemption reserve 10 10
Retained earnings 935,187 877,168
SHAREHOLDERS' FUNDS 935,287 877,268

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 12th August 2024 and were signed on its behalf by:





Mr I S Waller - Director


TOTAL DISTRIBUTION AND RETAIL SOLUTIONS
LTD (REGISTERED NUMBER: 04246588)

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


1. STATUTORY INFORMATION

Total Distribution And Retail Solutions 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed 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 - at varying rates on cost
Computer equipment - 33% straight line

All fixed assets are initially recorded at cost.

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
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. 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 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.


TOTAL DISTRIBUTION AND RETAIL SOLUTIONS
LTD (REGISTERED NUMBER: 04246588)

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


3. 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the Income Statement in administrative expenses.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Operating lease agreements: the company as lessee
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

The Company has taken advantage of the optional exemption available on transition to FRS 102 which allows lease incentives on leases entered into before the date of transition to the standard 1 August 2015 to continue to be charged over the period to the first market rent review rather than the term of the lease.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 10 ) .

TOTAL DISTRIBUTION AND RETAIL SOLUTIONS
LTD (REGISTERED NUMBER: 04246588)

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


5. INTANGIBLE FIXED ASSETS
Development
Goodwill costs Totals
£    £    £   
COST
At 1st January 2023 150,000 57,372 207,372
Disposals (150,000 ) (57,372 ) (207,372 )
At 31st December 2023 - - -
AMORTISATION
At 1st January 2023 150,000 57,372 207,372
Eliminated on disposal (150,000 ) (57,372 ) (207,372 )
At 31st December 2023 - - -
NET BOOK VALUE
At 31st December 2023 - - -
At 31st December 2022 - - -

6. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st January 2023 12,496 15,670 12,011 40,177
Additions - - 3,206 3,206
At 31st December 2023 12,496 15,670 15,217 43,383
DEPRECIATION
At 1st January 2023 11,963 15,670 8,380 36,013
Charge for year 400 - 1,569 1,969
At 31st December 2023 12,363 15,670 9,949 37,982
NET BOOK VALUE
At 31st December 2023 133 - 5,268 5,401
At 31st December 2022 533 - 3,631 4,164

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 107,931 57,338
Amounts owed by group undertakings - 18,477
Other debtors 58,654 80,955
166,585 156,770

Included in other debtors is £42,681 (2022: £57,246) in relation to prepayments and accrued income.

TOTAL DISTRIBUTION AND RETAIL SOLUTIONS
LTD (REGISTERED NUMBER: 04246588)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 164,761 90,473
Taxation and social security 19,845 32,607
Other creditors 25,519 18,311
210,125 141,391

Included in other creditors is £21,883 (2022: £14,260) in relation to accruals and deferred income.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
84 Ordinary A £1 84 84
6 Ordinary B £1 6 6
90 90

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

The Report of the Auditors was unqualified.

Ross Garfitt (Senior Statutory Auditor)
for and on behalf of Langdowns DFK Limited

11. OTHER FINANCIAL COMMITMENTS

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £434,875 (2022: £52,500). This amount is in relation to operating lease commitments which are payable over the next 6 years (2022: 1 year).

12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions.

Plenty Co., Ltd (incorporated in Japan) is regarded by the directors as being the company's ultimate parent company. The registered address of Plenty Co., Ltd is 2-25-5, Kamiosaki Kume Building 6f, Shinagawa-ku, 141-0021, Tokyo, Japan and group accounts can be obtained from this address.