REGISTERED NUMBER: 03477787 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

A.C. DISTRIBUTION LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

Chartered Accountants' Report

7

DIRECTORS:

J A Sprudd

H Sprudd

A T Sprudd

SECRETARY:

H Sprudd

REGISTERED OFFICE:

Maritime Industrial Estate

Maesycoed

Pontypridd

Rhondda Cynon Taff

CF37 1NY

REGISTERED NUMBER:

03477787 (England and Wales)

ACCOUNTANTS:

James de Frias

Chartered Accountants

Llanover House

Llanover Road

Pontypridd

Rhondda Cynon Taff

CF37 4DY

FIXED ASSETS

Tangible assets

4

318,484

313,247

CURRENT ASSETS

Stocks

34,671

54,999

Debtors

5

157,604

54,699

Cash at bank and in hand

74,619

124,247

266,894

233,945

CREDITORS

Amounts falling due within one year

6

269,849

244,314

NET CURRENT LIABILITIES

(2,955

)

(10,369

)

TOTAL ASSETS LESS CURRENT LIABILITIES

315,529

302,878

CREDITORS

Amounts falling due after more than one year

7

(24,047

)

(15,771

)

PROVISIONS FOR LIABILITIES

9

(51,336

)

(51,056

)

NET ASSETS

240,146

236,051

CAPITAL AND RESERVES

Called up share capital

610

600

Retained earnings

239,536

235,451

SHAREHOLDERS' FUNDS

240,146

236,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 15 October 2025 and were signed on its behalf by:

J A Sprudd - Director

1.	STATUTORY INFORMATION

A.C. Distribution 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 as modified by the revaluation of certain assets.

Changes in accounting policies

During the year to 31 March 2023, The Company changed the method of depreciating its Fixed Assets from a Straight Line basis to a reducing balance basis as this revised method better reflects the entity’s consumption of all of its Fixed Assets over their useful lives and is consistent with the entity’s replacement cycle.

Turnover

Turnover is the amount derived from ordinary activities and is stated net of trade discounts, Value Added Tax, and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Finance leases and operating leases

Assets held under finance leases are capitalised and depreciated over the shorter of their estimated useful lives or minimum lease term. The minimum lease payments due are treated as a liability.

Operating leases are charged directly to the profit and loss account as incurred.

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 15 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST OR VALUATION

At 1 February 2024

55,401

471,056

189,510

Additions

-

5,625

-

Revaluations

-

(140,379

)

-

At 31 January 2025

55,401

336,302

189,510

DEPRECIATION

At 1 February 2024

55,400

284,942

115,426

Charge for year

-

25,777

14,816

Revaluation adjustments

-

(194,080

)

-

At 31 January 2025

55,400

116,639

130,242

NET BOOK VALUE

At 31 January 2025

1

219,663

59,268

At 31 January 2024

1

186,114

74,084

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST OR VALUATION

At 1 February 2024

109,833

92,376

918,176

Additions

-

-

5,625

Revaluations

-

-

(140,379

)

At 31 January 2025

109,833

92,376

783,422

DEPRECIATION

At 1 February 2024

59,719

89,442

604,929

Charge for year

12,528

968

54,089

Revaluation adjustments

-

-

(194,080

)

At 31 January 2025

72,247

90,410

464,938

NET BOOK VALUE

At 31 January 2025

37,586

1,966

318,484

At 31 January 2024

50,114

2,934

313,247

Cost or valuation at 31 January 2025 is represented by:

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

Valuation in 2024

55,401

471,056

189,510

Valuation in 2025

-

(134,754

)

-

55,401

336,302

189,510

Motor

Computer

vehicles

equipment

Totals

£

£

£

Valuation in 2024

109,833

92,376

918,176

Valuation in 2025

-

-

(134,754

)

109,833

92,376

783,422

If Plant and machinery had not been revalued they would have been included at the following historical cost:

31.1.25

31.1.24

£

£

Cost

471,000

-

Aggregate depreciation

284,941

-

Plant and machinery was valued on an open market basis on 31 January 2025 by the directors. .

Included in Fixed Assets above, are the Net Book Value of assets held under Hire Purchase and Finance Leases, which amount to £28,624 (2024: £131,305).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

99,202

45,297

Other debtors

58,402

9,402

157,604

54,699

All the company's trade debtors are assigned to a Factor and subject to a charge in favour of the Factor.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Hire purchase contracts

6,862

44,000

Trade creditors

130,858

156,369

Taxation and social security

72,959

38,043

Other creditors

59,170

5,902

269,849

244,314

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Hire purchase contracts

24,047

15,771

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Hire purchase contracts

30,909

59,771

9.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

£

Deferred tax

Accelerated capital allowances

51,336

51,056

Deferred

tax

£

Balance at 1 February 2024

51,056

Accelerated capital allowances

280

Balance at 31 January 2025

51,336

10.	ULTIMATE CONTROLLING PARTY

The controlling party is J A Sprudd.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A.C. Distribution Limited for the year ended 31 January 2025 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of A.C. Distribution Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A.C. Distribution Limited and state those matters that we have agreed to state to the Board of Directors of A.C. Distribution Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A.C. Distribution Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A.C. Distribution Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A.C. Distribution Limited. You consider that A.C. Distribution Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A.C. Distribution Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

James de Frias

Chartered Accountants

Llanover House

Llanover Road

Pontypridd

Rhondda Cynon Taff

CF37 4DY

15 October 2025