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REGISTERED NUMBER: 13876647 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

TBH Distribution Ltd

TBH Distribution Ltd (Registered number: 13876647)






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


TBH Distribution Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J A Holman
C D Bakes





REGISTERED OFFICE: 10 Church Lane
Chapelthorpe
Wakefield
WF4 3JF





REGISTERED NUMBER: 13876647 (England and Wales)





ACCOUNTANTS: Richard Smedley Limited
Chartered Accountants & Registered Auditors
Richmond House
Lawnswood Business Park
Redvers Close
Leeds
West Yorkshire
LS16 6QY

TBH Distribution Ltd (Registered number: 13876647)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Stocks 14,712 10,477
Debtors 4 4,631 8,835
Cash at bank 5,605 5,922
24,948 25,234
CREDITORS
Amounts falling due within one year 5 28,378 27,003
NET CURRENT LIABILITIES (3,430 ) (1,769 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,430

)

(1,769

)

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings (3,630 ) (1,969 )
(3,430 ) (1,769 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:



J A Holman - Director


TBH Distribution Ltd (Registered number: 13876647)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

TBH Distribution 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.

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.

The company is considered a going concern due to the ongoing support of the directors and shareholders.

Turnover
Turnover comprises the value of sales (excluding VAT, similar taxes and trade discounts) of goods provided in the normal course of business. Turnover is recognised when goods are delivered to the customer.

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
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

TBH Distribution Ltd (Registered number: 13876647)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 618 6,421
Other debtors 4,013 2,414
4,631 8,835

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 866 2,696
Trade creditors 11,532 2,219
Taxation and social security 8,764 -
Other creditors 7,216 22,088
28,378 27,003

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 2,952 -
Between one and five years 4,427 -
7,379 -

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 December 2023 and the period ended 31 December 2022:

31.12.23 31.12.22
£    £   
C D Bakes
Balance outstanding at start of year 50 -
Amounts advanced - 50
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 50 50

TBH Distribution Ltd (Registered number: 13876647)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

J A Holman
Balance outstanding at start of year - -
Amounts advanced 2,762 -
Amounts repaid (1,013 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,749 -