04411747falsewholesaling of electrical goods, primarily computer hardware, software and peripherals2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-12-31http://www.companieshouse.gov.uk/cd:Director12023-01-012023-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-01-012023-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-01-012023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-12-31http://www.companieshouse.gov.uk/2023-01-012023-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/cd:FRS1022023-01-012023-12-31http://www.companieshouse.gov.uk/2023-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-01-012023-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-01-012023-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 04411747

London British Distribution Product Services Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023

Prepared By:
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

London British Distribution Product Services Limited

ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
DIRECTORS
Michael Adams
REGISTERED OFFICE
3rd Floor
207 Regent Street
London
W1B 3HH
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 04411747
BANKERS
PPF Banka a.s.
ACCOUNTANTS
GT Accountants Limited
Unit 7, The Court House
72 Moorland Road, Burslem
Stoke on Trent
Staffs
ST6 1DY

London British Distribution Product Services Limited

ACCOUNTS
FOR THEYEARENDED31/12/2023
CONTENTS
Page
Balance Sheet3
Notes To The Accounts4

London British Distribution Product Services Limited

BALANCE SHEET AT 31/12/2023
20232022
Notes££
CURRENT ASSETS
Stock-314,730
Debtors422,140,3795,415,782
Cash at bank and in hand-162,094
22,140,3795,892,606
CREDITORS: Amounts falling due within one year519,513,6591,933,560
NET CURRENT ASSETS2,626,7203,959,046
TOTAL ASSETS LESS CURRENT LIABILITIES2,626,7203,959,046
CAPITAL AND RESERVES
Called up share capital61,0001,000
Other reserves7552,4741,845,367
Profit and loss account2,073,2462,112,679
SHAREHOLDERS' FUNDS2,626,7203,959,046
For the year ending 31/12/2023 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/02/2025 and signed on their behalf by
Michael Adams
Director

London British Distribution Product Services Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20232022
No.No.
Average number of employees11

London British Distribution Product Services Limited

3. STOCK 20232022
££
Stock comprises:
Stock of finished goods-314,730
-314,730
4. DEBTORS 20232022
££
Amounts falling due within one year
Trade debtors21,602,2875,356,922
PL debit balances479,232-
Other debtors56,61056,610
Prepayments2,2502,250
22,140,3795,415,782
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20232022
££
UK corporation tax19,48294,648
Trade creditors20,300124,592
Other creditors19,421,4431,655,886
Accruals12,00018,000
Deferred income40,43440,434
19,513,6591,933,560
6. SHARE CAPITAL 20232022
££
Allotted, issued and fully paid:
1,000 Ordinary shares of £1 each1,0001,000
1,0001,000

London British Distribution Product Services Limited

7. OTHER RESERVES 20232022
££
Foreign currency translation reserve552,4741,845,367
552,4741,845,367