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REGISTERED NUMBER: 01632153 (England and Wales)












DISTINCTIVE SYSTEMS LIMITED

Unaudited Financial Statements

for the Year Ended 31 July 2024






DISTINCTIVE SYSTEMS LIMITED (REGISTERED NUMBER: 01632153)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DISTINCTIVE SYSTEMS LIMITED

Company Information
for the Year Ended 31 July 2024







Directors: A J Fraser
P J Mcjannett
J S M Whitehead
E C Whitehead
A J Whitehead





Registered office: Amy Johnson Way
York
YO30 4XT





Registered number: 01632153 (England and Wales)





Accountants: Michael Price Associates Ltd
NP-105, iCentre
Howard Way
Newport Pagnell
Milton Keynes
Buckinghamshire
MK16 9PY

DISTINCTIVE SYSTEMS LIMITED (REGISTERED NUMBER: 01632153)

Balance Sheet
31 July 2024

31/7/24 31/7/23
Notes £    £    £    £   
Fixed assets
Intangible assets 4 7,013 2,221
Tangible assets 5 575,644 494,288
Investments 6 4 4
582,661 496,513

Current assets
Stocks 3,644 2,157
Debtors 7 356,497 381,307
Cash at bank and in hand 2,911,072 2,621,867
3,271,213 3,005,331
Creditors
Amounts falling due within one year 8 360,131 308,528
Net current assets 2,911,082 2,696,803
Total assets less current liabilities 3,493,743 3,193,316

Creditors
Amounts falling due after more than one
year

9

(1,352

)

(1,002

)

Provisions for liabilities (62,537 ) (59,924 )
Net assets 3,429,854 3,132,390

Capital and reserves
Called up share capital 1,000 1,000
Retained earnings 3,428,854 3,131,390
3,429,854 3,132,390

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

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

DISTINCTIVE SYSTEMS LIMITED (REGISTERED NUMBER: 01632153)

Balance Sheet - continued
31 July 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 Board of Directors and authorised for issue on 14 April 2025 and were signed on its behalf by:





J S M Whitehead - Director


DISTINCTIVE SYSTEMS LIMITED (REGISTERED NUMBER: 01632153)

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

1. Statutory information

Distinctive Systems 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.

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.

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.

Cherished Numbers are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost
Fixtures and fittings - 15% on cost and 10% on cost
Motor vehicles - 25% on cost
Software - 50% on cost and 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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.

DISTINCTIVE SYSTEMS LIMITED (REGISTERED NUMBER: 01632153)

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

3. Employees and directors

The average number of employees during the year was 21 (2023 - 20 ) .

4. Intangible fixed assets
Other
intangible
assets
£   
Cost
At 1 August 2023 2,445
Additions 5,445
At 31 July 2024 7,890
Amortisation
At 1 August 2023 224
Charge for year 653
At 31 July 2024 877
Net book value
At 31 July 2024 7,013
At 31 July 2023 2,221

5. Tangible fixed assets
Fixtures
Plant and and Motor
machinery fittings vehicles Software Totals
£    £    £    £    £   
Cost
At 1 August 2023 163,843 242,695 685,287 5,025 1,096,850
Additions 7,176 947 331,522 - 339,645
Disposals - (478 ) (207,344 ) - (207,822 )
At 31 July 2024 171,019 243,164 809,465 5,025 1,228,673
Depreciation
At 1 August 2023 109,593 166,555 321,489 4,925 602,562
Charge for year 24,446 19,714 174,253 100 218,513
Eliminated on disposal - (377 ) (167,669 ) - (168,046 )
At 31 July 2024 134,039 185,892 328,073 5,025 653,029
Net book value
At 31 July 2024 36,980 57,272 481,392 - 575,644
At 31 July 2023 54,250 76,140 363,798 100 494,288

DISTINCTIVE SYSTEMS LIMITED (REGISTERED NUMBER: 01632153)

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

6. Fixed asset investments
Shares in
group
undertaking
£   
Cost
At 1 August 2023
and 31 July 2024 4
Net book value
At 31 July 2024 4
At 31 July 2023 4

7. Debtors
31/7/24 31/7/23
£    £   
Amounts falling due within one year:
Trade debtors 82,423 116,848
Other debtors 80,302 66,783
162,725 183,631

Amounts falling due after more than one year:
Other debtors 193,772 197,676

Aggregate amounts 356,497 381,307

8. Creditors: amounts falling due within one year
31/7/24 31/7/23
£    £   
Trade creditors 32,450 26,355
Taxation and social security 322,095 256,336
Other creditors 5,586 25,837
360,131 308,528

9. Creditors: amounts falling due after more than one year
31/7/24 31/7/23
£    £   
Other creditors 1,352 1,002

10. Related party disclosures

Included within other debtors falling due within one year, is an amount of £78,339 (2023: £80,599) due from Distinctive Systems Australia, £103,348 (2023: £102,867) due from Distinctive Systems Inc (USA). Included within other creditors falling due within one year, is an amount of £2 (2023: £2) due to Coach Manager Systems Limited.