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REGISTERED NUMBER: 02466561 (England and Wales)















Reefer Distribution Services Limited

Financial Statements For The Year Ended 31 May 2024






Reefer Distribution Services Limited (Registered number: 02466561)






Contents of the Financial Statements
For The Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Reefer Distribution Services Limited

Company Information
For The Year Ended 31 May 2024







DIRECTORS: G Milsom
Ms E Bowen
J Harnden





SECRETARY: Ms E Bowen





REGISTERED OFFICE: The Straw Barn
Upton End Farm Business Park
Meppershall Road. Shillington
Beds
SG5 3PF





REGISTERED NUMBER: 02466561 (England and Wales)





ACCOUNTANTS: Premier Accountancy
Upton End Farm Business Park
Meppershall Road
Shillington
Bedfordshire
SG5 3PF

Reefer Distribution Services Limited (Registered number: 02466561)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 168,859 478,012

CURRENT ASSETS
Debtors 5 1,035,243 606,686
Cash at bank 1,602,328 2,262,613
2,637,571 2,869,299
CREDITORS
Amounts falling due within one year 6 374,627 1,065,506
NET CURRENT ASSETS 2,262,944 1,803,793
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,431,803

2,281,805

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 8 165,044 165,044
Capital redemption reserve 33 33
Retained earnings 2,265,726 2,115,728
SHAREHOLDERS' FUNDS 2,431,803 2,281,805

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

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

Reefer Distribution Services Limited (Registered number: 02466561)

Balance Sheet - continued
31 May 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 15 August 2024 and were signed on its behalf by:




G Milsom - Director



Ms E Bowen - Director


Reefer Distribution Services Limited (Registered number: 02466561)

Notes to the Financial Statements
For The Year Ended 31 May 2024

1. STATUTORY INFORMATION

Reefer Distribution Services 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost

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

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Reefer Distribution Services Limited (Registered number: 02466561)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Freehold to and Motor
property property fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 June 2023 475,000 47,220 6,562 1 528,783
Additions - - 4,767 - 4,767
Disposals (309,956 ) (47,219 ) - - (357,175 )
At 31 May 2024 165,044 1 11,329 1 176,375
DEPRECIATION
At 1 June 2023 - 44,210 6,561 - 50,771
Charge for year - 3,011 954 - 3,965
Eliminated on disposal - (47,220 ) - - (47,220 )
At 31 May 2024 - 1 7,515 - 7,516
NET BOOK VALUE
At 31 May 2024 165,044 - 3,814 1 168,859
At 31 May 2023 475,000 3,010 1 1 478,012

Cost or valuation at 31 May 2024 is represented by:

Improvements Fixtures
Freehold to and Motor
property property fittings vehicles Totals
£    £    £    £    £   
Valuation in 2022 309,956 47,220 6,562 6,085 369,823
Valuation in 2023 165,044 - - (6,084 ) 158,960
475,000 47,220 6,562 1 528,783

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
FREEHOLD PROPERTY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 475,000
Disposals (309,956 )
165,044

CLIENT SCREEN TOTAL = -



Reefer Distribution Services Limited (Registered number: 02466561)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS - continued
** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
IMPROVEMENTS TO PROPERTY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 47,220
Disposals (47,219 )
1

CLIENT SCREEN TOTAL = -


** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
FIXTURES AND FITTINGS

'COST' ACCOUNT TOTAL
Cost/valuation b/f 6,562
Additions 4,767
11,329

CLIENT SCREEN TOTAL = -


** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
MOTOR VEHICLES

'COST' ACCOUNT TOTAL
Cost/valuation b/f 1
1

CLIENT SCREEN TOTAL = -


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 467,589 540,530
Other debtors 567,654 66,156
1,035,243 606,686

Reefer Distribution Services Limited (Registered number: 02466561)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 288,665 877,760
Taxation and social security 71,048 158,005
Other creditors 14,914 29,741
374,627 1,065,506

7. SECURED DEBTS

The bank have security over any overdraft facility by way of a debenture dated 12/11/1990.


8. RESERVES
Revaluation
reserve
£   
At 1 June 2023
and 31 May 2024 165,044

Reefer Distribution Services Limited

Report of the Accountants to the Directors of
Reefer Distribution Services Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 May 2024 set out on pages three to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Premier Accountancy
Upton End Farm Business Park
Meppershall Road
Shillington
Bedfordshire
SG5 3PF


17 August 2024