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
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
First Service Distribution Ltd
Statement of financial position
as at 28 February 2024
Tangible assets
23,373
54,113
Cash at bank and in hand
15,354
1,006
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)
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
First Service Distribution Ltd
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
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.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 in shares are included at fair value.
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.
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Tangible fixed assets
Plant & machinery
At 28 February 2024
93,390
Charge for the period
31,069
At 28 February 2024
70,017
At 28 February 2024
23,373
At 28 February 2023
54,113
First Service Distribution Ltd
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
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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.
Amounts falling due within one year
Trade debtors
125,350
125,802
Other debtors
550,672
127,008
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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)
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Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
21,780
43,887
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.
First Service Distribution Ltd
Notes to the Accounts
for the period from 1 March 2023 to 28 February 2024
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.
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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.
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Average number of employees
During the period the average number of employees was 5 (2023: 5).