2023-01-012023-12-312023-12-31false12299784DLS DISTRIBUTION LTD2024-09-1962090iso4217:GBPxbrli:pure122997842023-01-01122997842023-12-31122997842023-01-012023-12-31122997842022-01-01122997842022-12-31122997842022-01-012022-12-3112299784bus:SmallEntities2023-01-012023-12-3112299784bus:AuditExempt-NoAccountantsReport2023-01-012023-12-3112299784bus:FullAccounts2023-01-012023-12-3112299784bus:PrivateLimitedCompanyLtd2023-01-012023-12-3112299784core:WithinOneYear2023-12-3112299784core:AfterOneYear2023-12-3112299784core:WithinOneYear2022-12-3112299784core:AfterOneYear2022-12-3112299784core:ShareCapital2023-12-3112299784core:SharePremium2023-12-3112299784core:RevaluationReserve2023-12-3112299784core:OtherReservesSubtotal2023-12-3112299784core:RetainedEarningsAccumulatedLosses2023-12-3112299784core:ShareCapital2022-12-3112299784core:SharePremium2022-12-3112299784core:RevaluationReserve2022-12-3112299784core:OtherReservesSubtotal2022-12-3112299784core:RetainedEarningsAccumulatedLosses2022-12-3112299784core:LandBuildings2023-12-3112299784core:PlantMachinery2023-12-3112299784core:Vehicles2023-12-3112299784core:FurnitureFittings2023-12-3112299784core:OfficeEquipment2023-12-3112299784core:NetGoodwill2023-12-3112299784core:IntangibleAssetsOtherThanGoodwill2023-12-3112299784core:ListedExchangeTraded2023-12-3112299784core:UnlistedNon-exchangeTraded2023-12-3112299784core:LandBuildings2022-12-3112299784core:PlantMachinery2022-12-3112299784core:Vehicles2022-12-3112299784core:FurnitureFittings2022-12-3112299784core:OfficeEquipment2022-12-3112299784core:NetGoodwill2022-12-3112299784core:IntangibleAssetsOtherThanGoodwill2022-12-3112299784core:ListedExchangeTraded2022-12-3112299784core:UnlistedNon-exchangeTraded2022-12-3112299784core:LandBuildings2023-01-012023-12-3112299784core:PlantMachinery2023-01-012023-12-3112299784core:Vehicles2023-01-012023-12-3112299784core:FurnitureFittings2023-01-012023-12-3112299784core:OfficeEquipment2023-01-012023-12-3112299784core:NetGoodwill2023-01-012023-12-3112299784core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112299784core:ListedExchangeTraded2023-01-012023-12-3112299784core:UnlistedNon-exchangeTraded2023-01-012023-12-3112299784core:MoreThanFiveYears2023-01-012023-12-3112299784core:Non-currentFinancialInstruments2023-12-3112299784core:Non-currentFinancialInstruments2022-12-3112299784dpl:CostSales2023-01-012023-12-3112299784dpl:DistributionCosts2023-01-012023-12-3112299784core:LandBuildings2023-01-012023-12-3112299784core:PlantMachinery2023-01-012023-12-3112299784core:Vehicles2023-01-012023-12-3112299784core:FurnitureFittings2023-01-012023-12-3112299784core:OfficeEquipment2023-01-012023-12-3112299784dpl:AdministrativeExpenses2023-01-012023-12-3112299784core:NetGoodwill2023-01-012023-12-3112299784core:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3112299784dpl:GroupUndertakings2023-01-012023-12-3112299784dpl:ParticipatingInterests2023-01-012023-12-3112299784dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-012023-12-3112299784core:ListedExchangeTraded2023-01-012023-12-3112299784dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-012023-12-3112299784core:UnlistedNon-exchangeTraded2023-01-012023-12-3112299784dpl:CostSales2022-01-012022-12-3112299784dpl:DistributionCosts2022-01-012022-12-3112299784core:LandBuildings2022-01-012022-12-3112299784core:PlantMachinery2022-01-012022-12-3112299784core:Vehicles2022-01-012022-12-3112299784core:FurnitureFittings2022-01-012022-12-3112299784core:OfficeEquipment2022-01-012022-12-3112299784dpl:AdministrativeExpenses2022-01-012022-12-3112299784core:NetGoodwill2022-01-012022-12-3112299784core:IntangibleAssetsOtherThanGoodwill2022-01-012022-12-3112299784dpl:GroupUndertakings2022-01-012022-12-3112299784dpl:ParticipatingInterests2022-01-012022-12-3112299784dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-012022-12-3112299784core:ListedExchangeTraded2022-01-012022-12-3112299784dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-012022-12-3112299784core:UnlistedNon-exchangeTraded2022-01-012022-12-3112299784core:NetGoodwill2023-12-3112299784core:IntangibleAssetsOtherThanGoodwill2023-12-3112299784core:LandBuildings2023-12-3112299784core:PlantMachinery2023-12-3112299784core:Vehicles2023-12-3112299784core:FurnitureFittings2023-12-3112299784core:OfficeEquipment2023-12-3112299784core:AfterOneYear2023-12-3112299784core:WithinOneYear2023-12-3112299784core:ListedExchangeTraded2023-12-3112299784core:UnlistedNon-exchangeTraded2023-12-3112299784core:ShareCapital2023-12-3112299784core:SharePremium2023-12-3112299784core:RevaluationReserve2023-12-3112299784core:OtherReservesSubtotal2023-12-3112299784core:RetainedEarningsAccumulatedLosses2023-12-3112299784core:NetGoodwill2022-12-3112299784core:IntangibleAssetsOtherThanGoodwill2022-12-3112299784core:LandBuildings2022-12-3112299784core:PlantMachinery2022-12-3112299784core:Vehicles2022-12-3112299784core:FurnitureFittings2022-12-3112299784core:OfficeEquipment2022-12-3112299784core:AfterOneYear2022-12-3112299784core:WithinOneYear2022-12-3112299784core:ListedExchangeTraded2022-12-3112299784core:UnlistedNon-exchangeTraded2022-12-3112299784core:ShareCapital2022-12-3112299784core:SharePremium2022-12-3112299784core:RevaluationReserve2022-12-3112299784core:OtherReservesSubtotal2022-12-3112299784core:RetainedEarningsAccumulatedLosses2022-12-3112299784core:NetGoodwill2022-01-0112299784core:IntangibleAssetsOtherThanGoodwill2022-01-0112299784core:LandBuildings2022-01-0112299784core:PlantMachinery2022-01-0112299784core:Vehicles2022-01-0112299784core:FurnitureFittings2022-01-0112299784core:OfficeEquipment2022-01-0112299784core:AfterOneYear2022-01-0112299784core:WithinOneYear2022-01-0112299784core:ListedExchangeTraded2022-01-0112299784core:UnlistedNon-exchangeTraded2022-01-0112299784core:ShareCapital2022-01-0112299784core:SharePremium2022-01-0112299784core:RevaluationReserve2022-01-0112299784core:OtherReservesSubtotal2022-01-0112299784core:RetainedEarningsAccumulatedLosses2022-01-0112299784core:AfterOneYear2023-01-012023-12-3112299784core:WithinOneYear2023-01-012023-12-3112299784core:Non-currentFinancialInstrumentscore:CostValuation2023-01-012023-12-3112299784core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-012023-12-3112299784core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-012023-12-3112299784core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-012023-12-3112299784core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-012023-12-3112299784core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-012023-12-3112299784core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3112299784core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3112299784core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-012023-12-3112299784core:Non-currentFinancialInstrumentscore:CostValuation2023-12-3112299784core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-12-3112299784core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-12-3112299784core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-12-3112299784core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-12-3112299784core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-12-3112299784core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-12-3112299784core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-12-3112299784core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-12-3112299784core:Non-currentFinancialInstrumentscore:CostValuation2022-12-3112299784core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-12-3112299784core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-12-3112299784core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-12-3112299784core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-12-3112299784core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-12-3112299784core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-12-3112299784core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-12-3112299784core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-12-3112299784bus:Director12023-01-012023-12-3112299784bus:Director22023-01-012023-12-3112299784bus:Director32023-01-012023-12-3112299784bus:Director42023-01-012023-12-31

DLS DISTRIBUTION LTD

Registered Number
12299784
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

DLS DISTRIBUTION LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Directors

BACON, Michael Charles
DUPIGNY, Louis Olu Vancourt
JINA, Sunil
SCULLY, Tony Francis

Registered Address

Ground Floor, Cardigan House Swansea Enterprise Park
Castle Court, Llansamlet
Swansea
SA7 9LA

Registered Number

12299784 (England and Wales)
DLS DISTRIBUTION LTD
Statement of Financial Position
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets33,8851,826
3,8851,826
Current assets
Stocks472,94365,445
Debtors62,71631,670
Cash at bank and on hand184,257141,489
319,916238,604
Creditors amounts falling due within one year5(175,937)(101,971)
Net current assets (liabilities)143,979136,633
Total assets less current liabilities147,864138,459
Creditors amounts falling due after one year6(117,837)(127,010)
Net assets30,02711,449
Capital and reserves
Called up share capital100100
Profit and loss account29,92711,349
Shareholders' funds30,02711,449
The financial statements were approved and authorised for issue by the Board of Directors on 19 September 2024, and are signed on its behalf by:
DUPIGNY, Louis Olu Vancourt
Director
JINA, Sunil
Director
SCULLY, Tony Francis
Director

Registered Company No. 12299784
DLS DISTRIBUTION LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Going concern
The company continues to adopt the going concern basis in preparing its financial statements.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20232022
Average number of employees during the year20
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 January 234,8534,853
Additions3,2283,228
At 31 December 238,0818,081
Depreciation and impairment
At 01 January 233,0273,027
Charge for year1,1691,169
At 31 December 234,1964,196
Net book value
At 31 December 233,8853,885
At 31 December 221,8261,826
4.Stocks

2023

2022

££
Finished goods72,94365,445
Total72,94365,445
5.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables123,20880,672
Bank borrowings and overdrafts9,82710,780
Taxation and social security15,5232,151
Other creditors4,1616,804
Accrued liabilities and deferred income23,2181,564
Total175,937101,971
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.
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts27,44736,620
Other creditors90,39090,390
Total117,837127,010
7.Related party transactions
Long term creditors include a balance of £90,390 (2023: £90,390) owed to Academia Limited, a company under common control by director Michael Bacon.