REGISTERED NUMBER: 01494806 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

TASCO DISTRIBUTORS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

T J Pattison

C E Parkander

REGISTERED OFFICE:

c/o Interket Ltd

Unit 2 - Vulcan

Adlington Business Park, Adlington

Macclesfield

Cheshire

SK10 4ZN

REGISTERED NUMBER:

01494806 (England and Wales)

AUDITORS:

Allens Accountants Limited

Statutory Auditor and

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

BANKERS:

Nordea Bank Finland Plc

8th Floor

City Place House

55 Basinghall Street

London

EC2V 5NB

CURRENT ASSETS

Debtors

4

100

325,199

Cash at bank

-

193,421

100

518,620

CREDITORS

Amounts falling due within one year

5

-

57,010

NET CURRENT ASSETS

100

461,610

TOTAL ASSETS LESS CURRENT LIABILITIES

100

461,610

CAPITAL AND RESERVES

Called up share capital

6

100

1,254,600

Retained earnings

-

(792,990

)

SHAREHOLDERS' FUNDS

100

461,610

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 28th April 2025 and were signed on its behalf by:

T J Pattison - Director

1.	STATUTORY INFORMATION

Tasco Distributors 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.

Going concern

During 2023 the Company sold its trade and assets and ceased trading. In the opinion of the Directors, it remains appropriate to prepare the Company's accounts on a going concern basis.

Revenue recognition

Revenue is measured at the fair value of the consideration receivable and represents the total amount receivable by the company for goods supplied in the normal course of business, excluding value added tax and trade discounts. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Financial instruments

A financial asset or liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement 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.

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.

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 3 (2023 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Amounts owed by group undertakings

100

256,895

Other debtors

-

68,304

100

325,199

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

-

94

Taxation and social security

-

44,125

Other creditors

-

12,791

-

57,010

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

1,254,600

(2023 - 1,254,600 )

The issued share capital of the company has been reduced from £1,254,600 to £100 by reducing £1,254,500 of the issued ordinary shares of £1 each on the 19th December 2024.

7.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Paul Wright (Senior Statutory Auditor)

for and on behalf of Allens Accountants Limited

8.	RELATED PARTY DISCLOSURES

9.	ULTIMATE CONTROLLING PARTY