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REGISTERED NUMBER: 12755887 (England and Wales)











































E.W.T Distribution Ltd

Unaudited Financial Statements

for the Year Ended 31st July 2024






E.W.T Distribution Ltd (Registered number: 12755887)






Contents of the Financial Statements
for the year ended 31st July 2024




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 6


E.W.T Distribution Ltd

Company Information
for the year ended 31st July 2024







Director: E Thompson





Registered office: Bridge Farm
Norham
Berwick-Upon-Tweed
United Kingdom
TD15 2JZ





Registered number: 12755887 (England and Wales)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

E.W.T Distribution Ltd (Registered number: 12755887)

Balance Sheet
31st July 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 339,216 327,254

Current assets
Debtors 5 113,383 114,359
Cash at bank 190,012 83,955
303,395 198,314
Creditors
Amounts falling due within one year 6 198,454 170,928
Net current assets 104,941 27,386
Total assets less current liabilities 444,157 354,640

Creditors
Amounts falling due after more than one
year

7

(86,561

)

(115,386

)

Provisions for liabilities (78,906 ) (39,241 )
Net assets 278,690 200,013

Capital and reserves
Called up share capital 100 100
Retained earnings 278,590 199,913
278,690 200,013

E.W.T Distribution Ltd (Registered number: 12755887)

Balance Sheet - continued
31st July 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 22nd October 2024 and were signed by:





E Thompson - Director


E.W.T Distribution Ltd (Registered number: 12755887)

Notes to the Financial Statements
for the year ended 31st July 2024

1. Statutory information

E.W.T 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.

Turnover
Turnover represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 4% on cost
Plant and machinery - 15% on reducing balance
Lorries and trailers - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 20% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, directors' loans, shareholders' loans and hire purchase contracts.

Hire purchase creditors are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), shareholders' loans, trade debtors, accruals and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

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.


E.W.T Distribution Ltd (Registered number: 12755887)

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

2. Accounting policies - continued
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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern
The director has considered the company's financial position for a period of 12 months and beyond from the date of signing these financial statements and has reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was 7 (2023 - 5 ) .

4. Tangible fixed assets
Improvements Lorries
to Plant and and
property machinery trailers
£    £    £   
Cost
At 1st August 2023 25,646 9,448 316,745
Additions - - 62,067
At 31st July 2024 25,646 9,448 378,812
Depreciation
At 1st August 2023 1,026 791 35,484
Charge for year 1,026 1,299 44,466
At 31st July 2024 2,052 2,090 79,950
Net book value
At 31st July 2024 23,594 7,358 298,862
At 31st July 2023 24,620 8,657 281,261

E.W.T Distribution Ltd (Registered number: 12755887)

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

4. Tangible fixed assets - continued

Motor Office
vehicles equipment Totals
£    £    £   
Cost
At 1st August 2023 21,250 2,242 375,331
Additions - - 62,067
At 31st July 2024 21,250 2,242 437,398
Depreciation
At 1st August 2023 9,795 981 48,077
Charge for year 2,864 450 50,105
At 31st July 2024 12,659 1,431 98,182
Net book value
At 31st July 2024 8,591 811 339,216
At 31st July 2023 11,455 1,261 327,254

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 109,441 113,174
Other debtors 3,942 1,185
113,383 114,359

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Hire purchase contracts 69,630 66,217
Trade creditors 40,879 53,597
Taxation and social security 79,156 41,845
Other creditors 8,789 9,269
198,454 170,928

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Hire purchase contracts 86,561 115,386

8. Secured debts

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 156,191 181,603

Hire purchase contracts are secured against the assets to which they relate.