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REGISTERED NUMBER: 04321203












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

TRIDONIC DISTRIBUTION UK LIMITED

TRIDONIC DISTRIBUTION UK LIMITED (REGISTERED NUMBER: 04321203)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TRIDONIC DISTRIBUTION UK LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: J Glazer
L B Arter
D Fuell





SECRETARY: S Richardson





REGISTERED OFFICE: The Eclipse Industrial Estate
20 Sandown Road
Watford
Hertfordshire
WD24 7AE





REGISTERED NUMBER: 04321203





AUDITORS: Hillier Hopkins LLP
Chartered Accountants and
Statutory Auditor
Radius House, 51 Clarendon Road
Watford
Hertfordshire
WD17 1HP

TRIDONIC DISTRIBUTION UK LIMITED (REGISTERED NUMBER: 04321203)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 38,252 1,572

CURRENT ASSETS
Stocks 607,893 689,983
Debtors 5 331,595 379,135
Cash at bank 1,440,898 1,652,182
2,380,386 2,721,300
CREDITORS
Amounts falling due within one year 6 267,993 349,074
NET CURRENT ASSETS 2,112,393 2,372,226
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,150,645

2,373,798

CAPITAL AND RESERVES
Called up share capital 8 91 91
Capital redemption reserve 10 10
Retained earnings 2,150,544 2,373,697
SHAREHOLDERS' FUNDS 2,150,645 2,373,798

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 9 September 2024 and were signed on its behalf by:





J Glazer - Director


TRIDONIC DISTRIBUTION UK LIMITED (REGISTERED NUMBER: 04321203)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Tridonic Distribution UK 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 recognised when goods are despatched to customers and represents the invoiced value of such goods and any services provided, net of settlement discounts allowed, rebates payable to customers, and value added taxes.

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 - 33% on cost, 25% on cost and 20% on cost

Stocks
Stock is stated at the lower of cost and estimated net realisable value. Cost is determined on a first­ in, first-out (FIFO) basis and includes the purchase price together with all other directly attributable costs to bring the inventory to its present location and condition. Due allowance is made for obsolete and slow moving items. Inventories are recognised as an expense in the period in which the related revenue is recognised.

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.

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.

Operating leases
Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

TRIDONIC DISTRIBUTION UK LIMITED (REGISTERED NUMBER: 04321203)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 14,900
Additions 40,815
At 31 December 2023 55,715
DEPRECIATION
At 1 January 2023 13,328
Charge for year 4,135
At 31 December 2023 17,463
NET BOOK VALUE
At 31 December 2023 38,252
At 31 December 2022 1,572

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 303,620 371,052
Other debtors 27,975 8,083
331,595 379,135

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 152,481 193,513
Taxation and social security 31,362 92,305
Other creditors 84,150 63,256
267,993 349,074

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Between one and five years 2,561 10,244

TRIDONIC DISTRIBUTION UK LIMITED (REGISTERED NUMBER: 04321203)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
90 Ordinary A £1 90 90
1 Ordinary B £1 1 1
91 91

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

The Report of the Auditors was unqualified.

Simon Speller (Senior Statutory Auditor)
for and on behalf of Hillier Hopkins LLP