REGISTERED NUMBER: 13311568 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MUNNS DISTRIBUTION LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J D Munns

REGISTERED OFFICE:

C/O Thompson Taraz Rand

Suite 20, New Cambridge House

Bassingbourn Road

Litlington

Cambridgeshire

SG8 0SS

BUSINESS ADDRESS:

4 Pound Lane

Willingham

Cambridge

Cambridgeshire

CB24 5UN

REGISTERED NUMBER:

13311568 (England and Wales)

ACCOUNTANTS:

Thompson Taraz Rand Ltd

Chartered Accountants

10 Jesus Lane

Cambridge

Cambridgeshire

CB5 8BA

FIXED ASSETS

Tangible assets

5

56,083

73,627

CURRENT ASSETS

Stocks

11,606

3,407

Debtors

6

30,126

18,191

Cash and cash equivalents

68,283

82,217

110,015

103,815

CREDITORS

Amounts falling due within one year

7

(107,812

)

(134,787

)

NET CURRENT ASSETS/(LIABILITIES)

2,203

(30,972

)

TOTAL ASSETS LESS CURRENT LIABILITIES

58,286

42,655

PROVISIONS FOR LIABILITIES

8

(14,021

)

(18,407

)

NET ASSETS

44,265

24,248

CAPITAL AND RESERVES

Called up share capital

9

10

10

Retained earnings

44,255

24,238

SHAREHOLDERS' FUNDS

44,265

24,248

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 director acknowledges his 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 December 2025 and were signed by:

J D Munns - Director

1.	STATUTORY INFORMATION

Munns Distribution Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is derived from the sale of food products and services. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Computer equipment

-

25% on cost

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 assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 6 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

and 31 March 2025

139,141

DEPRECIATION

At 1 April 2024

65,514

Charge for year

17,544

At 31 March 2025

83,058

NET BOOK VALUE

At 31 March 2025

56,083

At 31 March 2024

73,627

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

20,992

10,050

Other debtors

9,134

8,141

30,126

18,191

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

23,301

23,888

Taxation and social security

10,945

7,181

Other creditors

73,566

103,718

107,812

134,787

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

14,021

18,407

Deferred

tax

£

Balance at 1 April 2024

18,407

Provided during year

(4,386

)

Balance at 31 March 2025

14,021

9.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

2025

2024

value:

£

£

10

Ordinary shares

£1

10

10

10.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed the director £57,276 (2024: £95,143). The amount is unsecured, repayable on demand, and is included within creditors falling due within one year. Accrued interest on this balance totalled £6,097 (2024: £8,575).

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is J D Munns.

12.	SIGNIFICANT JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY

Significant judgements

In preparing the financial statements, the director has exercised judgement in assessing whether indicators of impairment exist in respect of trade debtors and other receivables. Judgement is also required in determining the appropriate classification of expenditure between cost of sales and administrative expenses, and in assessing whether hire purchase or similar arrangements meet the criteria for recognition as finance leases under FRS 102.

Key sources of estimation uncertainty

The company depreciates tangible fixed assets over their estimated useful economic lives, which requires estimation of the appropriate rates and residual values. These estimates are reviewed annually.

The deferred tax provision is based on estimation of the timing and amount of future taxable profits against which timing differences will reverse.

Estimation is also involved in assessing whether trade debtors require impairment, based on expected recoverability and the age of outstanding balances.