Clearline Distribution Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: NI639027

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		116,872		68,441

			116,872		68,441
CURRENT ASSETS
Stocks	5	403,059		455,155
Debtors	6	1,138,665		1,136,001
Cash at bank and in hand		12,132		138,115

		1,553,856		1,729,271
Creditors: Amounts Falling Due Within One Year	7	(418,015 )		(514,385 )

NET CURRENT ASSETS (LIABILITIES)			1,135,841		1,214,886

TOTAL ASSETS LESS CURRENT LIABILITIES			1,252,713		1,283,327

Creditors: Amounts Falling Due After More Than One Year	8		-		(7,108 )

NET ASSETS			1,252,713		1,276,219

CAPITAL AND RESERVES
Called up share capital	10		200		200
Profit and Loss Account			1,252,513		1,276,019

SHAREHOLDERS' FUNDS			1,252,713		1,276,219

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Clearline Distribution Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 2025 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr David Lyttle Director	Mr Richard Norris Director
22/08/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Clearline Distribution Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI639027 . The registered office is 30A Ballynabragget Road, Waringstown, Craigavon, Co Armagh, BT66 7SH.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	25% Reducing Balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 11 (2024: 7)

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Clearline Distribution Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£
Cost
As at 1 April 2024	16,813	106,535	1,865	125,213
Additions	45,760	43,990	-	89,750
Disposals	-	(15,350 )	-	(15,350 )

As at 31 March 2025	62,573	135,175	1,865	199,613

Depreciation
As at 1 April 2024	4,579	51,727	466	56,772
Provided during the period	7,635	21,822	350	29,807
Disposals	-	(3,838 )	-	(3,838 )

As at 31 March 2025	12,214	69,711	816	82,741

Net Book Value
As at 31 March 2025	50,359	65,464	1,049	116,872

As at 1 April 2024	12,234	54,808	1,399	68,441

5. Stocks

	2025	2024
	£	£
Finished goods	403,059	455,155

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	1,074,962	1,136,001
Other debtors	5,000	-
VAT	58,703	-

	1,138,665	1,136,001

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	7,107	10,665
Trade creditors	263,207	219,499
Bank loans and overdrafts	62,659	3,165
Corporation tax	26,431	186,839
Other taxes and social security	11,321	5,319
VAT	-	18,542
Other creditors	21,372	52,000
Accruals and deferred income	7,794	11,436
Directors' loan accounts	18,124	6,920

	418,015	514,385

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Clearline Distribution Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	-	7,108

9. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	7,107	10,665
Later than one year and not later than five years	-	7,108

	7,107	17,773

	7,107	17,773

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	200	200

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