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REGISTERED NUMBER: 02606031 (England and Wales)











Financial Statements

for the Year Ended 31 March 2024

for

A.B.C.D. Distributors Limited

A.B.C.D. Distributors Limited (Registered number: 02606031)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


A.B.C.D. Distributors Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: N S Braybrooke
A P Williamson
D A Brown
J R A Palmer
S J Howells
J D Campbell
Mrs H L Wild
S D Rowe


SECRETARY: A P Williamson


REGISTERED OFFICE: Stourbridge Road
Bridgnorth
Shropshire
WV15 6AS


REGISTERED NUMBER: 02606031 (England and Wales)


ACCOUNTANTS: Knights Lowe Ltd
Chartered Accountants
Crane Court
302 London Road
Ipswich
Suffolk
IP2 0AJ


BANKERS: National Westminister Bank Plc
217 Dean Street
Telford
TF3 4BB

A.B.C.D. Distributors Limited (Registered number: 02606031)

Statement of Financial Position
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 163,329 159,876
Cash at bank 261,289 249,447
424,618 409,323
CREDITORS
Amounts falling due within one year 5 411,907 396,087
NET CURRENT ASSETS 12,711 13,236
TOTAL ASSETS LESS CURRENT LIABILITIES 12,711 13,236

CAPITAL AND RESERVES
Called up share capital 6 6,720 6,720
Retained earnings 5,991 6,516
SHAREHOLDERS' FUNDS 12,711 13,236

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





N S Braybrooke - Director


A.B.C.D. Distributors Limited (Registered number: 02606031)

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

1. STATUTORY INFORMATION

A.B.C.D. Distributors Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net rebates and discounts earned in respect of purchases made by member companies, excluding value added tax. Rebates and discounts are recognised at the point when receipt is considered probable and the amount can be reliably measured.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, amounts due to related parties and bank facilities.

Debt instruments that are payable or receivable within one year, such as trade payables or receivables, are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. Debt instruments that are repayable or receivable after one year are initially measured at the present value of the future cash flows and subsequently at amortised cost using the effective interest method.

Financial assets that are measured at cost and amortised cost are assessed at the end of each financial year for evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the Income Statement.

Cost of sales
Cost of sales represents rebates distributable to members.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 128,557 109,232
Other debtors 34,772 50,644
163,329 159,876

A.B.C.D. Distributors Limited (Registered number: 02606031)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 366,000 355,000
Taxation and social security 43,019 38,462
Other creditors 2,888 2,625
411,907 396,087

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
6,720 Ordinary £1 6,720 6,720