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REGISTERED NUMBER: 06802428 (England and Wales)















Financial Statements for the Year Ended 30 June 2024

for

M&M Distribution (Sussex) Limited

M&M Distribution (Sussex) Limited (Registered number: 06802428)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


M&M Distribution (Sussex) Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr Akshay Kumar Patel





REGISTERED OFFICE: 69 Cromwell Road
Hove
East Sussex
BN3 3ES





REGISTERED NUMBER: 06802428 (England and Wales)





ACCOUNTANTS: Atkinsons
Chartered Accountants
Palmeira Avenue Mansions
19 Church Road
Hove
East Sussex
BN3 2FA

M&M Distribution (Sussex) Limited (Registered number: 06802428)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 20,322 24,140
20,322 24,140

CURRENT ASSETS
Stocks 62,792 61,520
Debtors 6 16,585 9,973
Cash at bank and in hand 54,472 77,067
133,849 148,560
CREDITORS
Amounts falling due within one year 7 53,535 106,902
NET CURRENT ASSETS 80,314 41,658
TOTAL ASSETS LESS CURRENT
LIABILITIES

100,636

65,798

PROVISIONS FOR LIABILITIES 6,716 6,035
NET ASSETS 93,920 59,763

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 93,820 59,663
SHAREHOLDERS' FUNDS 93,920 59,763

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

M&M Distribution (Sussex) Limited (Registered number: 06802428)

Balance Sheet - continued
30 June 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 director and authorised for issue on 29 July 2024 and were signed by:




Mr Akshay Kumar Patel - Director



Mrs Hiral Akshaykumar Patel - Director


M&M Distribution (Sussex) Limited (Registered number: 06802428)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

M&M Distribution (Sussex) 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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

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.

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.

M&M Distribution (Sussex) Limited (Registered number: 06802428)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 75,000
AMORTISATION
At 1 July 2023
and 30 June 2024 75,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 29,783 41,374 12,915 - 84,072
Additions 1,191 200 - 1,333 2,724
At 30 June 2024 30,974 41,574 12,915 1,333 86,796
DEPRECIATION
At 1 July 2023 24,838 32,941 2,153 - 59,932
Charge for year 1,509 2,121 2,690 222 6,542
At 30 June 2024 26,347 35,062 4,843 222 66,474
NET BOOK VALUE
At 30 June 2024 4,627 6,512 8,072 1,111 20,322
At 30 June 2023 4,945 8,433 10,762 - 24,140

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 5,451 3,044
Other debtors 11,134 6,929
16,585 9,973

M&M Distribution (Sussex) Limited (Registered number: 06802428)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts - 1,107
Trade creditors 1,847 3,406
Taxation and social security 34,908 30,376
Other creditors 16,780 72,013
53,535 106,902

8. RELATED PARTY DISCLOSURES

Included in other creditors is £11,818 (2023 - £66,313) which is owed to Mr A Patel, the director and a shareholder of the company. This loan is provided on an interest free basis and is repayable on demand.

No other transactions with related parties were undertaken such as are required to be disclosed under Section 1A Small Entities of Financial Reporting Standard 102.