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REGISTERED NUMBER: 09033607 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Unity Distribution Ltd

Unity Distribution Ltd (Registered number: 09033607)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Unity Distribution Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTOR: M N Bashir





SECRETARY:





REGISTERED OFFICE: Unit 10a
Walsall Enterprise Park
Regal Drive
Walsall
WS2 9HQ





REGISTERED NUMBER: 09033607 (England and Wales)





ACCOUNTANTS: M.F Khan & Co
375 Coventry Road
Smal Heath
Birmingham
West Midlands
B10 0SW

Unity Distribution Ltd (Registered number: 09033607)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,875 10,750
Tangible assets 5 119,734 145,676
122,609 156,426

CURRENT ASSETS
Stocks 219,346 172,464
Debtors 6 207,059 280,893
Cash at bank and in hand 16,586 60,925
442,991 514,282
CREDITORS
Amounts falling due within one year 7 415,054 528,412
NET CURRENT ASSETS/(LIABILITIES) 27,937 (14,130 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

150,546

142,296

CREDITORS
Amounts falling due after more than one
year

8

(31,072

)

(31,072

)

PROVISIONS FOR LIABILITIES (20,796 ) (26,526 )
NET ASSETS 98,678 84,698

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 98,677 84,697
98,678 84,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

Unity Distribution Ltd (Registered number: 09033607)

Balance Sheet - continued
31 May 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 27 February 2025 and were signed by:





M N Bashir - Director


Unity Distribution Ltd (Registered number: 09033607)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Unity Distribution Ltd 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 2015, 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.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Unity Distribution Ltd (Registered number: 09033607)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 June 2023
and 31 May 2024 50,000 28,750 78,750
AMORTISATION
At 1 June 2023 45,000 23,000 68,000
Charge for year 5,000 2,875 7,875
At 31 May 2024 50,000 25,875 75,875
NET BOOK VALUE
At 31 May 2024 - 2,875 2,875
At 31 May 2023 5,000 5,750 10,750

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 362,239
Additions 13,969
At 31 May 2024 376,208
DEPRECIATION
At 1 June 2023 216,563
Charge for year 39,911
At 31 May 2024 256,474
NET BOOK VALUE
At 31 May 2024 119,734
At 31 May 2023 145,676

Unity Distribution Ltd (Registered number: 09033607)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 195,385 264,823
Other debtors 11,674 16,070
207,059 280,893

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 41,007 5,268
Trade creditors 231,785 353,870
Taxation and social security 71,792 42,266
Other creditors 70,470 127,008
415,054 528,412

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 31,072 31,072

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 31,072 31,072