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REGISTERED NUMBER: 04488504 (England and Wales)















HCI DISTRIBUTION LIMITED

Unaudited Financial Statements for the Year Ended 31 August 2024






HCI DISTRIBUTION LIMITED (REGISTERED NUMBER: 04488504)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HCI DISTRIBUTION LIMITED

Company Information
for the Year Ended 31 August 2024







DIRECTORS: B K Johnson
D L Smith
J White





SECRETARY: B K Johnson





REGISTERED OFFICE: 4 Parkside
Christchurch Road
Ringwood
Hampshire
BH24 3SQ





REGISTERED NUMBER: 04488504 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

HCI DISTRIBUTION LIMITED (REGISTERED NUMBER: 04488504)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 213,175 186,447

CURRENT ASSETS
Stocks 572,086 500,128
Debtors 5 196,016 639,650
Cash at bank and in hand 205,758 364,625
973,860 1,504,403
CREDITORS
Amounts falling due within one year 6 449,632 893,578
NET CURRENT ASSETS 524,228 610,825
TOTAL ASSETS LESS CURRENT
LIABILITIES

737,403

797,272

CREDITORS
Amounts falling due after more than one year 7 (202,194 ) (191,328 )

PROVISIONS FOR LIABILITIES (44,209 ) (32,806 )
NET ASSETS 491,000 573,138

CAPITAL AND RESERVES
Called up share capital 19,998 19,998
Retained earnings 471,002 553,140
491,000 573,138

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

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

HCI DISTRIBUTION LIMITED (REGISTERED NUMBER: 04488504)

Balance Sheet - continued
31 August 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 9 May 2025 and were signed on its behalf by:





J White - Director


HCI DISTRIBUTION LIMITED (REGISTERED NUMBER: 04488504)

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

1. STATUTORY INFORMATION

Hci Distribution 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - 5% on cost
Office equipment - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

HCI DISTRIBUTION LIMITED (REGISTERED NUMBER: 04488504)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Short Office and
leasehold equipment fittings
£    £    £   
COST
At 1 September 2023 119,918 60,975 129,514
Additions - 1,126 -
Disposals - - -
At 31 August 2024 119,918 62,101 129,514
DEPRECIATION
At 1 September 2023 71,464 46,298 108,291
Charge for year 12,113 3,952 5,306
Eliminated on disposal - - -
At 31 August 2024 83,577 50,250 113,597
NET BOOK VALUE
At 31 August 2024 36,341 11,851 15,917
At 31 August 2023 48,454 14,677 21,223

HCI DISTRIBUTION LIMITED (REGISTERED NUMBER: 04488504)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 September 2023 161,375 97,236 569,018
Additions 99,013 - 100,139
Disposals (82,750 ) - (82,750 )
At 31 August 2024 177,638 97,236 586,407
DEPRECIATION
At 1 September 2023 99,149 57,369 382,571
Charge for year 23,989 9,967 55,327
Eliminated on disposal (64,666 ) - (64,666 )
At 31 August 2024 58,472 67,336 373,232
NET BOOK VALUE
At 31 August 2024 119,166 29,900 213,175
At 31 August 2023 62,226 39,867 186,447

The net book value of tangible fixed assets includes £ 119,166 (2023 - £ 44,226 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 172,501 454,070
Other debtors - 177,000
Prepayments 23,515 8,580
196,016 639,650

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 60,001 60,000
Hire purchase contracts (see note 8) 22,412 12,272
Trade creditors 141,535 134,062
Social security and other taxes 43,623 86,934
Other creditors 158,184 567,075
Directors' loan accounts 1,389 4,761
Accruals and deferred income 22,488 28,474
449,632 893,578

HCI DISTRIBUTION LIMITED (REGISTERED NUMBER: 04488504)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 78,333 120,000
Bank loans - 2-5 years - 18,333
Hire purchase contracts (see note 8) 123,861 52,995
202,194 191,328

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 22,412 12,272
Between one and five years 123,861 52,995
146,273 65,267

Non-cancellable operating leases
2024 2023
£    £   
Within one year 114,436 114,436
Between one and five years 457,744 457,744
572,180 572,180

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 146,273 65,267

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J White.