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Registered number: 04006703









Logistics & Distribution Services Limited









Financial statements

For the Year Ended 31 December 2024

 
Logistics & Distribution Services Limited
 
 
Company Information


Director
L G Hall 




Registered number
04006703



Registered office
c/o MSS Products Ltd
Bankfield Road

Tyldesley

Manchester

M29 8QH




Independent auditors
Hurst Accountants Limited
Chartered Accountants & Statutory Auditors

3 Stockport Exchange

Stockport

Cheshire

SK1 3GG





 
Logistics & Distribution Services Limited
 

Contents



Page
Balance Sheet
 
1
Notes to the Financial Statements
 
2 - 6


 
Logistics & Distribution Services Limited
Registered number: 04006703

Balance Sheet
As at 31 December 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
143,560
143,560

Cash at bank and in hand
 5 
22,005
25,131

  
165,565
168,691

Total assets less current liabilities
  
 
 
165,565
 
 
168,691

  

Net assets
  
165,565
168,691


Capital and reserves
  

Called up share capital 
 6 
8
8

Profit and loss account
  
165,557
168,683

  
165,565
168,691


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

L G Hall
Director

Date: 14 July 2025

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
Logistics & Distribution Services Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 December 2024

1.


General information

Logistics & Distribution Services Limited is a private company limited by shares, registered in England and Wales (registered number: 04006703). The address of the registered office and the principal place of business is c/o MSS Products Ltd, Bankfield Road, Tyldesley, Manchester, M29 8QH.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The reporting period is the year ended 31 December 2024. As the previous reporting period was the 9 months ended 31 December 2023, the comparative amounts presented in the financial statements are not entirely comparable.


The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss.

Fair value movements are presented in profit or loss within 'other operating income'.

Page 2

 
Logistics & Distribution Services Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 December 2024

2.Accounting policies (continued)

 
2.3

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

  
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

  
2.6

Creditors

Short term creditors are measured at the transaction price.

Page 3

 
Logistics & Distribution Services Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 December 2024

2.Accounting policies (continued)

 
2.7

Financial instruments

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include amounts owed by group undertakings, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Other financial instruments

Derivatives, including forward exchange contracts, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss.

Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.

Page 4

 
Logistics & Distribution Services Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 December 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (9 months ended 31 December 2023: 2).


4.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
143,560
143,560



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
22,005
25,131




6.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



400 (2023 - 400) A Ordinary shares shares of £0.01 each
4
4
280 (2023 - 280) B Ordinary shares shares of £0.01 each
3
3
120 (2023 - 120) C Ordinary shares shares of £0.01 each
1
1

8

8

All shares rank equally with regard to voting rights, dividend distribution and return of capital.



7.


Contingent liabilities

The Lloyds Bank Plc bank account is secured by way of a debenture in favour of the bank, containing a fixed charge and a floating charge. The floating charge covers all the property or undertaking of the Company.
An omnibus guarantee and set-off agreement dated 4 April 2014 has been given to Lloyds Bank Plc in favour of the Company together with the Company's parent undertaking and fellow subsidiary undertakings. As at 31 December 2024, the net overdraft so guaranteed was £nil (
2023: £nil). 

Page 5

 
Logistics & Distribution Services Limited
 
 
 
Notes to the Financial Statements
For the Year Ended 31 December 2024

8.


Controlling party

Chambertin Capital Limited is the parent of the smallest group for which consolidated financial statements are drawn up, of which the Company is a member.  The registered office of Chambertin Capital Limited is c/o MSS Products Ltd, Bankfield Road, Tyldesley, Manchester, M29 8QH. The consolidated financial statements are available from Companies House.
The Company's ultimate parent undertaking is Stellex Capital Holdings II Luxembourg SARL, a company incorporated in Luxembourg.


9.


Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 15 July 2025 by Helen Besant-Roberts (Senior Statutory Auditor) on behalf of Hurst Accountants Limited.

Page 6