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Registered number: 06939899
The Distance Agency Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 06939899
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 90,530 48,699
Tangible Assets 5 747 1,728
91,277 50,427
CURRENT ASSETS
Debtors 6 110,050 196,532
Cash at bank and in hand 64,994 87,172
175,044 283,704
Creditors: Amounts Falling Due Within One Year 7 (188,883 ) (219,920 )
NET CURRENT ASSETS (LIABILITIES) (13,839 ) 63,784
TOTAL ASSETS LESS CURRENT LIABILITIES 77,438 114,211
Creditors: Amounts Falling Due After More Than One Year 8 (18,586 ) (60,140 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (187 ) (625 )
NET ASSETS 58,665 53,446
CAPITAL AND RESERVES
Called up share capital 200 200
Profit and Loss Account 58,465 53,246
SHAREHOLDERS' FUNDS 58,665 53,446
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Anthony Main
Director
26 November 2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
The Distance Agency Limited is a private company, limited by shares, incorporated in England & Wales, the registered number is 06939899 . The registered office is 12-18 Market Street, York, England, YO1 8ST.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover includes revenue earned from the provision of services and is recogonised at the point of invoice. If the provision of services spans the financial year end, it is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are amortised to profit and loss account over its estimated economic life of 5 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant and machinery 25% Straight Line
Fixtures and fittings 33% Straight Line
Computer equipment 20% Straight Line
2.5. Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. 
Assets acquired under hire purchase contracts are depreciated over their useful lives.
Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. 
Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
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2.7. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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3. Average Number of Employees
Average number of employees, including directors, during the year was 16 (2023: 17)
16 17
4. Intangible Assets
Other
£
Cost
As at 1 July 2023 86,686
Additions 60,171
As at 30 June 2024 146,857
Amortisation
As at 1 July 2023 37,987
Provided during the period 18,340
As at 30 June 2024 56,327
Net Book Value
As at 30 June 2024 90,530
As at 1 July 2023 48,699
5. Tangible Assets
Plant and machinery Fixtures and fittings Computer equipment Total
£ £ £ £
Cost
As at 1 July 2023 658 32,964 22,023 55,645
As at 30 June 2024 658 32,964 22,023 55,645
Depreciation
As at 1 July 2023 658 31,582 21,677 53,917
Provided during the period - 667 314 981
As at 30 June 2024 658 32,249 21,991 54,898
Net Book Value
As at 30 June 2024 - 715 32 747
As at 1 July 2023 - 1,382 346 1,728
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Page 6
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 71,485 94,406
Other debtors 38,565 102,126
110,050 196,532
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 16,189 18,824
Bank loans and overdrafts 41,553 37,578
Other creditors 47,848 84,670
Taxation and social security 83,293 78,848
188,883 219,920
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 18,586 60,140
9. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year 28,846 -
Later than one year and not later than five years 35,384 -
64,230 -
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