DLS DISTRIBUTION LTD


Directors	BACON, Michael Charles
	DUPIGNY, Louis Olu Vancourt
	JINA, Sunil
	SCULLY, Tony Francis


Registered Address	Ground Floor, Cardigan House Swansea Enterprise Park
	Castle Court, Llansamlet
	Swansea
	SA7 9LA


Registered Number	12299784 (England and Wales)

Statement of Financial Position
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		2,635		3,885
			2,635		3,885
Current assets
Stocks	4	155,624		72,942
Debtors		81,592		62,716
Cash at bank and on hand		187,176		184,257
		424,392		319,915
Creditors amounts falling due within one year	5	(308,062)		(175,937)
Net current assets (liabilities)			116,330		143,978
Total assets less current liabilities			118,965		147,863
Creditors amounts falling due after one year	6		(107,892)		(117,837)
Net assets			11,073		30,026
Capital and reserves
Called up share capital			100		100
Profit and loss account			10,973		29,926
Shareholders' funds			11,073		30,026

The company was entitled to exemption from audit for this reporting period 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 17 September 2025, and are signed on its behalf by:

SCULLY, Tony Francis
Director
Registered Company No. 12299784

DLS DISTRIBUTION LTD

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Going concern
	The company continues to adopt the going concern basis in preparing its financial statements.

	Revenue from sale of goods
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue from sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

	Stocks and work in progress
	Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

2.	Average number of employees


		2024		2023
	Average number of employees during the year	5		2

3.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 24	8,081	8,081
Additions	539	539
At 31 December 24	8,620	8,620
Depreciation and impairment
At 01 January 24	4,196	4,196
Charge for year	1,789	1,789
At 31 December 24	5,985	5,985
Net book value
At 31 December 24	2,635	2,635
At 31 December 23	3,885	3,885

4.	Stocks

	2024	2023
	£	£
Finished goods	155,624	72,942
Total	155,624	72,942

5.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	214,225	123,208
Bank borrowings and overdrafts	10,248	9,827
Taxation and social security	58,953	15,523
Other creditors	20,735	4,161
Accrued liabilities and deferred income	3,901	23,218
Total	308,062	175,937


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

6.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	17,502	27,447
Other creditors	90,390	90,390
Total	107,892	117,837

7.	Related party transactions
	During the year, DLS Distribution Ltd was charged £2,051 interest on a loan of £90,390 from Armstrong Properties Essex Limited, a company under the control of director Michael Bacon. The balance outstanding at the year end was £90,390 (2023: £90,390).