Registration number: 05157755

W.T. Distribution Services Ltd

Contents

Accountants' Report	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	4

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
W.T. Distribution Services Ltd
for the Year Ended 30 June 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of W.T. Distribution Services Ltd for the year ended 30 June 2024 as set out on pages 2 to 8 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 at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of W.T. Distribution Services Ltd, as a body, in accordance with the terms of our engagement letter dated 27 October 2023. Our work has been undertaken solely to prepare for your approval the accounts of W.T. Distribution Services Ltd and state those matters that we have agreed to state to the Board of Directors of W.T. Distribution Services Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than W.T. Distribution Services Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that W.T. Distribution Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of W.T. Distribution Services Ltd. You consider that W.T. Distribution Services Ltd 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 accounts of W.T. Distribution Services Ltd. 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 accounts.

Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

14 October 2025

W.T. Distribution Services Ltd

(Registration number: 05157755)
Balance Sheet as at 30 June 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	655	2,655
Current assets
Debtors	5	276,849	160,340
Cash at bank and in hand		7,078	95,791
		283,927	256,131
Creditors: Amounts falling due within one year	6	(130,440)	(145,599)
Net current assets		153,487	110,532
Total assets less current liabilities		154,142	113,187
Creditors: Amounts falling due after more than one year	6	(33,112)	(17,866)
Net assets		121,030	95,321
Capital and reserves
Allotted, called up and fully paid share capital		10	10
Profit and loss account		121,020	95,311
Total equity		121,030	95,321

W.T. Distribution Services Ltd

(Registration number: 05157755)
Balance Sheet as at 30 June 2024 (continued)

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 October 2025 and signed on its behalf by:
 

.........................................

D O Iro

Director

.........................................

H J Iro

Director

W.T. Distribution Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Mintsfeet Road South
KENDAL
LA9 6ND

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

W.T. Distribution Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and equipment	5 years straight line
Furniture, fittings and office equipment	5 years and 3 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are
classified as operating leases. Payments made under operating leases are charged to profit or loss on
a straight-line basis over the period of the lease.

W.T. Distribution Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 12 (2023 - 12).

4	Tangible assets

	Plant and equipment  £	Furniture, fittings and office equipment  £	Total £
Cost or valuation
At 1 July 2023	10,000	28,996	38,996
At 30 June 2024	10,000	28,996	38,996
Depreciation
At 1 July 2023	8,200	28,140	36,340
Charge for the year	1,800	201	2,001
At 30 June 2024	10,000	28,341	38,341
Carrying amount
At 30 June 2024	-	655	655
At 30 June 2023	1,800	855	2,655

W.T. Distribution Services Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

5

Debtors

	2024 £	2023 £
Trade debtors	108,279	127,826
Other debtors	168,570	32,514
	276,849	160,340

6

Creditors

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	7	28,418	7,088
Trade creditors		45,905	60,565
Taxation and social security		13,606	24,569
Corporation tax liability		22,695	13,225
Other creditors		19,816	40,152
		130,440	145,599
Due after one year
Loans and borrowings	7	33,112	17,866

7	Loans and borrowings

	2024 £	2023 £
Current loans and borrowings
Bank borrowings	7,088	7,088
Other borrowings	21,330	-
	28,418	7,088

Current loans and borrowings includes the following liabilities, on which security has been given by the company:

	2024 £	2023 £
Other borrowings	21,330	-

Other borrowings are secured by fixed and floating charges over the company's assets.