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Registered number: 04699141
Orizaba Distribution Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Orizaba Distribution Ltd
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—7

Page 1
Orizaba Distribution Ltd
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 04699141

| 2024 | 2023
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 5 |  | 33,031 |  | 38,483
|  |  | 33,031 |  | 38,483
CURRENT ASSETS
Stocks | 6 | 161,809 |  | 224,401 |
Debtors | 7 | 2,859 |  | 4,391 |
Cash at bank and in hand |  | 35,585 |  | 6,786 |
|  | 200,253 |  | 235,578 |
Creditors: Amounts Falling Due Within One Year | 8 | (96,075 ) |  | (133,608 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 104,178 |  | 101,970
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 137,209 |  | 140,453
Creditors: Amounts Falling Due After More Than One Year | 9 |  | (65,321 ) |  | (101,874 )
PROVISIONS FOR LIABILITIES
Deferred Taxation | 10 |  | - |  | (7,312 )
NET ASSETS |  |  | 71,888 |  | 31,267
CAPITAL AND RESERVES
Called up share capital | 11 |  | 120 |  | 120
Profit and Loss Account |  |  | 71,768 |  | 31,147
SHAREHOLDERS' FUNDS |  |  | 71,888 |  | 31,267

Page 1
Page 2
Orizaba Distribution Ltd
Balance Sheet (continued)
As At 31 December 2024
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 member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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

Benjamin Taylor Director
13/09/2025

The notes on pages 3 to 7 form part of these financial statements.
Page 2
Page 3
Orizaba Distribution Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Orizaba Distribution Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 04699141 . The registered office is 45 Brookfield Lane, Churchdown, Gloucester, GL3 2PR.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts, returns and value added taxes.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their expected useful economic life of 3 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.6. 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 | 15% reducing balance
Motor Vehicles | 15% reducing balance
Fixtures & Fittings | 20% reducing balance
Computer Equipment | 33% on cost

2.7. 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.
2.8. Stocks and Work in Progress
Stocks 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 of bringing the stocks to their present location and condition.
Page 3
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Orizaba Distribution Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.9. Financial Instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its 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 debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including creditors, bank loans and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as noncurrent liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
2.10. 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.
2.11. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
Page 4
Page 5
Orizaba Distribution Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
3. Average Number of Employees
Average number of employees, including directors, during the year was: 5 (2023: 5)
5 5
4. Intangible Assets

| Goodwill | Development Costs | Total
--- | --- | --- | ---
| £ | £ | £
Cost
As at 1 January 2024 | 70,000 | 306,809 | 376,809
As at 31 December 2024 | 70,000 | 306,809 | 376,809
Amortisation
As at 1 January 2024 | 70,000 | 306,809 | 376,809
As at 31 December 2024 | 70,000 | 306,809 | 376,809
Net Book Value
As at 31 December 2024 | - | - | -
As at 1 January 2024 | - | - | -

5. Tangible Assets

| Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Computer Equipment | Total
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Cost
As at 1 January 2024 | 23,029 | 49,774 | 13,388 | 7,481 | 93,672
Additions | - | - | - | 1,449 | 1,449
As at 31 December 2024 | 23,029 | 49,774 | 13,388 | 8,930 | 95,121
Depreciation
As at 1 January 2024 | 19,459 | 22,395 | 6,196 | 7,139 | 55,189
Provided during the period | 536 | 4,107 | 1,438 | 820 | 6,901
As at 31 December 2024 | 19,995 | 26,502 | 7,634 | 7,959 | 62,090
Net Book Value
As at 31 December 2024 | 3,034 | 23,272 | 5,754 | 971 | 33,031
As at 1 January 2024 | 3,570 | 27,379 | 7,192 | 342 | 38,483

6. Stocks

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Stocks of parts for resale | 161,809 |  | 224,401

7. Debtors

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Due within one year
Other debtors | 2,859 |  | 4,391

Page 5
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Orizaba Distribution Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
8. Creditors: Amounts Falling Due Within One Year

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Trade creditors | 25,852 |  | 37,667
Bank loans and overdrafts | 10,000 |  | 10,000
Other loans - current portion | 25,102 |  | 25,102
Corporation tax | 15,095 |  | 5,957
Other taxes and social security | 737 |  | 853
Other creditors | 19,289 |  | 54,029
| 96,075 |  | 133,608

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

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Bank loans | 8,332 |  | 20,000
Other loans | 56,989 |  | 81,874
| 65,321 |  | 101,874

10. Deferred Taxation
The provision for deferred tax is made up as follows:

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Other timing differences | - |  | 7,312

11. Share Capital

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 120 |  | 120

12. Financial Instruments
The carrying value of the Company’s financial assets and liabilities approximate their fair value due to their short terms to maturity. The Company’s financial instruments are exposed to certain financial risks. The risk exposures and the impact on the Company's financial instruments are summarized below.
Currency Risk
Currency risk is the possibility of losing money due to unfavourable moves in exchange rates. All of the Company’s cash and payments to suppliers are in Pounds Sterling and management believes that
currency risks are minimal.
Credit risk
Credit risk is the risk that a counterparty will not meet its obligations under a financial instrument or customer contract, leading to a financial loss. The Company is satisfied with the credit ratings of its banks and is not exposed to a significant risk of loss of its deposits. The Company does not sell its products on credit terms.
Interest rate risk
The Company's borrowings are at fixed interest rates and the Company is not subject to significant interest rate risk.
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Orizaba Distribution Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
13. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2024 |  | 2023
--- | --- | --- | ---
| £ |  | £
Not later than one year | 9,000 |  | 9,000
Later than one year and not later than five years | 2,250 |  | 4,500
| 11,250 |  | 13,500

14. Ultimate Controlling Party
The company's ultimate controlling party is Orizaba Group Ltd by virtue of its ownership of 100% of the issued share capital in the company.
15. Borrowings
On 8 May 2022, the Company received an unsecured loan of £134,546, net of arrangement fees of £13,455, from a financial institition. The loan is repayable in 60 monthly instalments and bears interest at 9.40% per annum. The loan is shown in the financial statements net of the arrangement fees which are amortised over the period of the loan.
In a prior year, the Company received an unsecured bank loan of £50,000 repayable in 72 monthly instalments at an interest rate of 2.5% per annum.
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