Registered number
SC392803
UK TELECOM DISTRIBUTION LTD
Filleted Accounts
31 December 2023
UK TELECOM DISTRIBUTION LTD
Registered number: SC392803
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 434,125 133,415
Investments 4 164,118 146,518
598,243 279,933
Current assets
Stocks 385,800 76,950
Debtors 5 106,799 105,333
Cash at bank and in hand 48,732 120,319
541,331 302,602
Creditors: amounts falling due within one year 6 (378,879) (63,248)
Net current assets 162,452 239,354
Total assets less current liabilities 760,695 519,287
Creditors: amounts falling due after more than one year 7 (211,375) (41,203)
Net assets 549,320 478,084
Capital and reserves
Called up share capital 251,000 251,000
Share premium - -
Profit and loss account 298,320 227,084
Shareholder's funds 549,320 478,084
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Vikash Kumar
Director
Approved by the board on 4 September 2024
UK TELECOM DISTRIBUTION LTD
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at 10% reducing balance.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 5
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
At 1 January 2023 - 203,448 15,960 1,368 220,776
Additions 285,897 1,499 - 32,404 319,800
Surplus on revaluation - - - - -
Disposals - - (3,920) - (3,920)
At 31 December 2023 285,897 204,947 12,040 33,772 536,656
Depreciation
At 1 January 2023 - 80,971 5,844 546 87,361
Charge for the year - 12,397 (1,300) 3,323 14,420
Surplus on revaluation - - - - -
On disposals - - 750 - 750
At 31 December 2023 - 93,368 5,294 3,869 102,531
Net book value
At 31 December 2023 285,897 111,579 6,746 29,903 434,125
At 31 December 2022 - 122,477 10,116 822 133,415
4 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 January 2023 146,518 - 146,518
Additions 17,600 - 17,600
Revaluation - - -
Disposals - - -
At 31 December 2023 164,118 - 164,118
5 Debtors 2023 2022
£ £
Trade debtors 31,527 36,900
Amounts owed by group undertakings and undertakings in which the company has a participating interest 75,272 68,433
Deferred tax asset - -
Other debtors - -
106,799 105,333
6 Creditors: amounts falling due within one year 2023 2022
£ £
Non-equity preference shares - -
Bank loans and overdrafts - -
Obligations under finance lease and hire purchase contracts - -
Trade creditors 344,521 25,963
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Taxation and social security costs 25,647 37,005
Other creditors 8,711 280
378,879 63,248
7 Creditors: amounts falling due after one year 2023 2022
£ £
Non-equity preference shares - -
Bank loans 211,375 41,203
Obligations under finance lease and hire purchase contracts - -
Trade creditors - -
Amounts owed to group undertakings and undertakings in which the company has a participating interest - -
Other creditors - -
211,375 41,203
8 Other information
UK TELECOM DISTRIBUTION LTD is a private company limited by shares and incorporated in Scotland. Its registered office is:
28 King's Stables Road
Edinburgh
EH1 2JY
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