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REGISTERED NUMBER: NI068803 (Northern Ireland)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

THE DISTRIBUTION SOLUTION (NI) LTD

THE DISTRIBUTION SOLUTION (NI) LTD (REGISTERED NUMBER: NI068803)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


THE DISTRIBUTION SOLUTION (NI) LTD (REGISTERED NUMBER: NI068803)

Abridged Balance Sheet
31 MARCH 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 145,595 150,886
Investments 5 31,690 4,184
177,285 155,070

CURRENT ASSETS
Debtors 710,613 809,114
Cash at bank and in hand 136,442 272,428
847,055 1,081,542
CREDITORS
Amounts falling due within one year 372,173 572,480
NET CURRENT ASSETS 474,882 509,062
TOTAL ASSETS LESS CURRENT
LIABILITIES

652,167

664,132

CREDITORS
Amounts falling due after more than one
year

(60,156

)

(107,495

)

PROVISIONS FOR LIABILITIES (31,040 ) (26,039 )
NET ASSETS 560,971 530,598

CAPITAL AND RESERVES
Called up share capital 6 110 110
Retained earnings 560,861 530,488
SHAREHOLDERS' FUNDS 560,971 530,598

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

THE DISTRIBUTION SOLUTION (NI) LTD (REGISTERED NUMBER: NI068803)

Abridged Balance Sheet - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by and authorised for issue the Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





Mr John Heenan - Director


THE DISTRIBUTION SOLUTION (NI) LTD (REGISTERED NUMBER: NI068803)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

The Distribution Solution (NI) Ltd is a private company, limited by shares , registered in Northern Ireland. The company's registered number and registered office address are as below:

Registered number: NI068803

Registered office: Unit 26 Kilwee Business Park
Upper Dunmurry Lane
Belfast
Co Antirm
BT17 0HD

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.

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Long leasehold - 2% on cost
Plant and machinery - 25% on reducing balance
Office equipment - 20% on reducing balance

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 43 (2023 - 31 ) .

THE DISTRIBUTION SOLUTION (NI) LTD (REGISTERED NUMBER: NI068803)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 427,604
Additions 29,378
At 31 March 2024 456,982
DEPRECIATION
At 1 April 2023 276,718
Charge for year 34,669
At 31 March 2024 311,387
NET BOOK VALUE
At 31 March 2024 145,595
At 31 March 2023 150,886

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2023 4,184
Additions 27,506
At 31 March 2024 31,690
NET BOOK VALUE
At 31 March 2024 31,690
At 31 March 2023 4,184

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £    £   
100 Ordinary £1 100 100
5 Ordinary 'A' shares £1 5 5
5 Ordinary 'B' shares £1 5 5
110 110