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Company Registration No. 12474186 (England and Wales)
First Service Distribution Ltd Unaudited accounts for the period from 1 March 2023 to 28 February 2024
First Service Distribution Ltd Unaudited accounts Contents
Page
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First Service Distribution Ltd Company Information for the period from 1 March 2023 to 28 February 2024
Directors
Neil Morris Tony Longden
Company Number
12474186 (England and Wales)
Registered Office
35 Gripps Common Cotgrave Nottingham NOTTINGHAMSHIRE NG12 3TF ENGLAND
Accountants
Net Accountancy Solutions Limited 12 Harles Acres Hickling Melton Mowbray LEICESTERSHIRE LE14 3AF
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First Service Distribution Ltd Statement of financial position as at 28 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
23,373 
54,113 
Investments
12,500 
12,500 
35,873 
66,613 
Current assets
Debtors
676,022 
252,810 
Cash at bank and in hand
15,354 
1,006 
691,376 
253,816 
Creditors: amounts falling due within one year
(519,062)
(207,438)
Net current assets
172,314 
46,378 
Total assets less current liabilities
208,187 
112,991 
Creditors: amounts falling due after more than one year
(43,545)
(72,392)
Net assets
164,642 
40,599 
Capital and reserves
Called up share capital
300 
300 
Profit and loss account
164,342 
40,299 
Shareholders' funds
164,642 
40,599 
For the period ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by
Neil Morris Director Company Registration No. 12474186
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First Service Distribution Ltd Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
1
Statutory information
First Service Distribution Ltd is a private company, limited by shares, registered in England and Wales, registration number 12474186. The registered office is 35 Gripps Common, Cotgrave, Nottingham, NOTTINGHAMSHIRE, NG12 3TF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
33.3% straight line
Investments
Investments in shares are included at fair value.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees under auto-enrolment. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 March 2023
93,061 
Additions
329 
At 28 February 2024
93,390 
Depreciation
At 1 March 2023
38,948 
Charge for the period
31,069 
At 28 February 2024
70,017 
Net book value
At 28 February 2024
23,373 
At 28 February 2023
54,113 
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First Service Distribution Ltd Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
5
Investments
Other investments 
£ 
Valuation at 1 March 2023
12,500 
Valuation at 28 February 2024
12,500 
Investments comprise shares in Clean Power Hydrogen Plc, a listed company. At the 28th February 2022 the shares had a market value of £12,500.
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
125,350 
125,802 
Other debtors
550,672 
127,008 
676,022 
252,810 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,957 
23,855 
Obligations under finance leases and hire purchase contracts
21,653 
21,653 
Trade creditors
22,800 
8,032 
Taxes and social security
116,957 
92,293 
Other creditors
55,482 
84,781 
Loans from directors
(92,092)
(23,176)
Accruals
387,305 
- 
519,062 
207,438 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
21,765 
28,505 
Obligations under finance leases and hire purchase contracts
21,780 
43,887 
43,545 
72,392 
The bank loan is a bounce back loan taken out during the pandemic. It is being repaid over 10 years at 2.5% interest per annum.
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First Service Distribution Ltd Notes to the Accounts for the period from 1 March 2023 to 28 February 2024
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Interest free loans repayable on demand
23,176 
63,315 
13,598 
72,893 
Interest free loan repayable on demand
- 
30,724 
11,525 
19,199 
23,176 
94,039 
25,123 
92,092 
Included in the director's loan account balance is £4,000 in premium bonds purchased on behalf of the company and held in trust.
10
Transactions with related parties
During the year the company was recharged for goods and services totalling £1,308,629 (2023: £947,228) by Longden Transport Limited, a company under common control. At the 28th February 2024 £550,672 (2023: £127,008) was owed by this company. This amount is interest free and repayable on demand.
11
Average number of employees
During the period the average number of employees was 5 (2023: 5).
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