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Company Registration No. 01640964 (England and Wales)
M. & S. DISTRIBUTORS LIMITED Unaudited accounts for the year ended 31 December 2024
M. & S. DISTRIBUTORS LIMITED Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
M. & S. DISTRIBUTORS LIMITED Company Information for the year ended 31 December 2024
Directors
Ian George Mordue Mark Slater Lea Mordue Sandra Slater
Secretary
Ronald William Slater
Company Number
01640964 (England and Wales)
Registered Office
Riverside Works Shelley Road Newburn Newcastle upon Tyne NE15 9RT
Accountants
G W Accountants Ltd 1 Jesmond Business Court 217 Jesmond Road Newcastle upon Tyne NE2 1LA
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M. & S. DISTRIBUTORS LIMITED Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
637,336
621,208
Current assets
Inventories
589,000
558,000
Debtors
5
1,067,497
980,520
Cash at bank and in hand
513,737
563,825
2,170,234
2,102,345
Creditors: amounts falling due within one year
6
(830,491)
(749,338)
Net current assets
1,339,743
1,353,007
Net assets
1,977,079
1,974,215
Capital and reserves
Called up share capital
10,000
10,000
Profit and loss account
1,967,079
1,964,215
Shareholders' funds
1,977,079
1,974,215
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 April 2025 and were signed on its behalf by
Ian George Mordue Director Company Registration No. 01640964
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M. & S. DISTRIBUTORS LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
M. & S. DISTRIBUTORS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 01640964. The registered office is Riverside Works, Shelley Road, Newburn, Newcastle upon Tyne, NE15 9RT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% Straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
15% reducing balance
4
Tangible fixed assets
Land & buildings
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2024
716,530
143,449
155,168
84,582
1,099,729
Additions
-
71,415
21,334
4,386
97,135
Disposals
-
(38,129)
-
-
(38,129)
At 31 December 2024
716,530
176,735
176,502
88,968
1,158,735
Depreciation
At 1 January 2024
241,434
73,623
113,839
49,625
478,521
Charge for the year
14,331
32,044
15,666
5,901
67,942
On disposals
-
(25,064)
-
-
(25,064)
At 31 December 2024
255,765
80,603
129,505
55,526
521,399
Net book value
At 31 December 2024
460,765
96,132
46,997
33,442
637,336
At 31 December 2023
475,096
69,826
41,329
34,957
621,208
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M. & S. DISTRIBUTORS LIMITED Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
1,030,250
947,318
Accrued income and prepayments
37,247
33,202
1,067,497
980,520
6
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
126,777
108,262
Obligations under finance leases and hire purchase contracts
79,508
50,121
Trade creditors
385,116
369,956
Taxes and social security
226,813
196,342
Other creditors
7,059
15,479
Accruals
5,218
9,178
830,491
749,338
7
Average number of employees
During the year the average number of employees was 23 (2023: 23).
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