Registered number
13816169
Julius Distribution Uk Limited
Filleted Accounts
31 December 2024
Julius Distribution Uk Limited
Registered number: 13816169
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 264,704 87,311
Current assets
Stocks 230,927 65,475
Debtors 4 162,768 217,999
Cash at bank and in hand 4,679 35,301
398,374 318,775
Creditors: amounts falling due within one year 5 (439,424) (351,359)
Net current liabilities (41,050) (32,584)
Total assets less current liabilities 223,654 54,727
Provisions for liabilities (13,733) (11,774)
Net assets 209,921 42,953
Capital and reserves
Called up share capital 100 100
Revaluation reserve 6 180,000 -
Profit and loss account 29,821 42,853
Shareholders' funds 209,921 42,953
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Luca Caoduro
Director
Approved by the board on 15 September 2025
Julius Distribution Uk Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Nil
Leasehold land and buildings 25% reducing balance method
Plant and machinery 20% reducing balance method
Fixtures, fittings, tools and equipment 20% reducing balance method
Coffee Machines Revaluation
Coffee machines all of which are located in the UK, are measured using the revaluation model. These assets are stated at fair value on the date of the latest revaluation less subsequent accumulated depreciation and any impairment losses, where applicable. Valuations are made on 3 year so that the carrying amount of these asset does not differ materially from its fair value. At the date of revaluation, the Coffee machines accumulated depreciation is eliminated against the gross carrying amount of the asset and the carrying amount is then restated to the revalued amount of the asset.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 14 10
3 Tangible fixed assets
Coffee Machine Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 January 2024 - 83,981 35,584 119,565
Additions - 13,503 3,550 17,053
Surplus on revaluation 180,000 - - 180,000
At 31 December 2024 180,000 97,484 39,134 316,618
Depreciation
At 1 January 2024 - 23,563 8,691 32,254
Charge for the year - 13,393 6,267 19,660
At 31 December 2024 - 36,956 14,958 51,914
Net book value
At 31 December 2024 180,000 60,528 24,176 264,704
At 31 December 2023 - 60,418 26,893 87,311
4 Debtors 2024 2023
£ £
Trade debtors 156,342 217,999
Other debtors 6,426 -
162,768 217,999
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 17,163 -
Trade creditors 150,568 47,414
Taxation and social security costs 14,359 9,780
Other creditors 257,334 294,165
439,424 351,359
6 Revaluation reserve 2024 2023
£ £
Gain on coffee machines 180,000 -
At 31 December 2024 180,000 -
7 Loans from directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr Luca Caoduro
Interest free loan, repayable on demand 108,540 (8,118) 5,250 105,672
Mr Umberto Caoduro
Interest free loan, repayable on demand - - 1,458 1,458
108,540 (8,118) 6,708 107,130
8 Other information
Julius Distribution Uk Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 22 Private Road 2
Colwick Industrial Estate
Nottingham
Nottinghamshire
NG4 2JR
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