REGISTERED NUMBER: 01773236 (England and Wales)

N W T DISTRIBUTION LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

Page

Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

6

FIXED ASSETS

Tangible assets

4

184,219

11,659

CURRENT ASSETS

Stocks

2,136,262

2,183,061

Debtors

5

1,585,033

1,574,595

Cash at bank

1,266,947

932,422

4,988,242

4,690,078

CREDITORS

Amounts falling due within one year

6

(1,026,766

)

(1,121,483

)

NET CURRENT ASSETS

3,961,476

3,568,595

TOTAL ASSETS LESS CURRENT LIABILITIES

4,145,695

3,580,254

CREDITORS

Amounts falling due after more than one year

7

(111,344

)

-

PROVISIONS FOR LIABILITIES

(46,055

)

(2,915

)

NET ASSETS

3,988,296

3,577,339

CAPITAL AND RESERVES

Called up share capital

84

84

Capital redemption reserve

6

6

Retained earnings

3,988,206

3,577,249

3,988,296

3,577,339

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 2 December 2025 and were signed on its behalf by:

A R Green - Director

J S Auld - Director

1.	STATUTORY INFORMATION

N W T Distribution Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

01773236

Registered office:

Unit 5

The Peninsula Business Centre

Wherstead

Ipswich

Suffolk

IP9 2BB

The presentation currency of the financial statements is in Pound Sterling (£) and the financial statements are rounded to the nearest Pound.

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery - 10% and 15% on reducing balance

Office equipment - 15% and 25% on reducing balance

Motor vehicles - 25% 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.

Financial instruments

Basic financial instruments are recognised at amortised cost.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase agreements

Assets held under hire purchase agreements are capitalised and disclosed under property, plant and equipment at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the income statement using the effective interest rate.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates and defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income statement in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Office

Motor

Machinery

Equipment

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

2,481

55,241

-

57,722

Additions

-

-

176,495

176,495

At 31 March 2025

2,481

55,241

176,495

234,217

DEPRECIATION

At 1 April 2024

875

45,188

-

46,063

Charge for year

166

2,407

1,362

3,935

At 31 March 2025

1,041

47,595

1,362

49,998

NET BOOK VALUE

At 31 March 2025

1,440

7,646

175,133

184,219

At 31 March 2024

1,606

10,053

-

11,659

Included within the net book value of £184,219 is £175,133 (2024: £Nil) relating to assets held under hire purchase agreements.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,414,250

1,408,023

Other debtors

170,783

166,572

1,585,033

1,574,595

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

20,150

-

Trade creditors

147,517

182,831

Taxation and social security

511,737

442,984

Other creditors

347,362

495,668

1,026,766

1,121,483

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts (see note 8)

111,344

-

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

20,150

-

Between one and five years

111,344

-

131,494

-

Non-cancellable

operating leases

2025

2024

£

£

Within one year

17,850

30,665

Between one and five years

72,888

79,616

In more than five years

-

1,315

90,738

111,596

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

The company has invoice discounting facilities in place through Lloyds Bank Commercial Finance Ltd and HSBC Invoice Finance (UK) Ltd. Any liabilities are secured by fixed and floating charges over all property and undertakings of the company.