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REGISTERED NUMBER: 01221501 (England and Wales)


































Unaudited Financial Statements

for the Year Ended 31 January 2024

for

DURHAM FOOTWEAR DISTRIBUTORS LIMITED

DURHAM FOOTWEAR DISTRIBUTORS LIMITED (REGISTERED NUMBER: 01221501)






Contents of the Financial Statements
for the year ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DURHAM FOOTWEAR DISTRIBUTORS LIMITED

Company Information
for the year ended 31 January 2024







DIRECTORS: Mr K Tregoning
Mrs L Tregoning
Mr J Tregoning



REGISTERED OFFICE: The Old Waterloo
High Street
Spennymoor
Co. Durham
DL16 6DB



REGISTERED NUMBER: 01221501 (England and Wales)



ACCOUNTANTS: Mitchells Grievson Limited
Kensington House
3 Kensington
Bishop Auckland
Co. Durham
DL14 6HX



BANKERS: Barclays Bank plc
Management Suite
Bob Hardisty Drive
Bishop Auckland
Co. Durham
DL14 7TH

DURHAM FOOTWEAR DISTRIBUTORS LIMITED (REGISTERED NUMBER: 01221501)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 49,083 51,212

CURRENT ASSETS
Stocks 144,897 211,307
Debtors 5 3,172 4,093
Cash at bank and in hand 700,230 829,034
848,299 1,044,434
CREDITORS
Amounts falling due within one year 6 102,233 182,920
NET CURRENT ASSETS 746,066 861,514
TOTAL ASSETS LESS CURRENT
LIABILITIES

795,149

912,726

CAPITAL AND RESERVES
Called up share capital 1,002 1,002
Retained earnings 794,147 911,724
SHAREHOLDERS' FUNDS 795,149 912,726

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

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

DURHAM FOOTWEAR DISTRIBUTORS LIMITED (REGISTERED NUMBER: 01221501)

Balance Sheet - continued
31 January 2024


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 20 June 2024 and were signed on its behalf by:





Mrs L Tregoning - Director


DURHAM FOOTWEAR DISTRIBUTORS LIMITED (REGISTERED NUMBER: 01221501)

Notes to the Financial Statements
for the year ended 31 January 2024

1. STATUTORY INFORMATION

Durham Footwear Distributors 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 represents net sales of goods, excluding value added tax.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Leasing commitments
Rentals paid under operating leases are charged to income on a straight line basis over the term of the lease.

Deferred taxation
Provision is made at current rates for taxation deferred in respect of all material timing differences. No provision is made for taxation on permanent differences.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 14 ) .

DURHAM FOOTWEAR DISTRIBUTORS LIMITED (REGISTERED NUMBER: 01221501)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 February 2023 118,065 11,339 73,950
Additions - - -
At 31 January 2024 118,065 11,339 73,950
DEPRECIATION
At 1 February 2023 73,989 11,339 67,896
Charge for year 2,181 - 606
At 31 January 2024 76,170 11,339 68,502
NET BOOK VALUE
At 31 January 2024 41,895 - 5,448
At 31 January 2023 44,076 - 6,054

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 February 2023 40,302 17,658 261,314
Additions - 1,206 1,206
At 31 January 2024 40,302 18,864 262,520
DEPRECIATION
At 1 February 2023 40,171 16,707 210,102
Charge for year 32 516 3,335
At 31 January 2024 40,203 17,223 213,437
NET BOOK VALUE
At 31 January 2024 99 1,641 49,083
At 31 January 2023 131 951 51,212

Included in cost of land and buildings is freehold land of £ 9,000 (2023 - £ 9,000 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 1,078 171
Other debtors 2,094 3,922
3,172 4,093

DURHAM FOOTWEAR DISTRIBUTORS LIMITED (REGISTERED NUMBER: 01221501)

Notes to the Financial Statements - continued
for the year ended 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Shareholders loan account - 2,000
Trade creditors 2,617 98,338
Taxation and social security 6,884 15,915
Other creditors 92,732 66,667
102,233 182,920

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr K Tregoning.