REGISTERED NUMBER: 01536303 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

KEN WHITE DISTRIBUTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr K White

Mr I M Reeve

Mr S A Machen

Mr B O White

SECRETARY:

Mr K White

REGISTERED OFFICE:

Kingsgate House

Newbury Road

Andover

Hampshire

SP10 4DU

BUSINESS ADDRESS:

Euro House

Joule Road

West Portway Industrial Estate

Andover

Hampshire

SP10 3UX

REGISTERED NUMBER:

01536303 (England and Wales)

SENIOR STATUTORY AUDITOR:

Neil Raynsford

AUDITORS:

Shaw Gibbs (Audit) Limited

Statutory Auditor

Fleming Court

Leigh Road

Eastleigh

Southampton

Hampshire

SO50 9PD

FIXED ASSETS

Tangible assets

5

898,093

1,345,550

Investments

6

4,975

4,975

903,068

1,350,525

CURRENT ASSETS

Stocks

35,343

28,686

Debtors

7

534,871

596,098

Cash at bank and in hand

1,225,750

1,131,089

1,795,964

1,755,873

CREDITORS

Amounts falling due within one year

8

1,144,362

1,192,599

NET CURRENT ASSETS

651,602

563,274

TOTAL ASSETS LESS CURRENT LIABILITIES

1,554,670

1,913,799

CREDITORS

Amounts falling due after more than one year

9

(45,129

)

(118,467

)

PROVISIONS FOR LIABILITIES

(224,524

)

(336,388

)

NET ASSETS

1,285,017

1,458,944

CAPITAL AND RESERVES

Called up share capital

11

2,000

2,000

Retained earnings

1,283,017

1,456,944

SHAREHOLDERS' FUNDS

1,285,017

1,458,944

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 28 July 2026 and were signed on its behalf by:

Mr K White - Director

Mr I M Reeve - Director

1.	STATUTORY INFORMATION

Ken White 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.

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.

The financial statements have been prepared on the going concern basis as the directors believe that no material uncertainties exist and the company is in a stable position. The company holds strong levels of cash and reserves and maintains strong leadership. The directors have considered the level of reserves held and the expected level of income and expenditure for a period of twelve months from authorising these financial statements.

Significant judgements and estimates

The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following accounting policies have been applied.

Turnover

Turnover represents the provision of transport and distribution services and warehouse management and the sale of white and brown goods damaged during the distribution process, excluding value added tax.

Turnover is recognised when the company obtains the right to consideration which, in the case of transport and distribution is when the end customer receives the goods and in the case of the sale of goods is when the significant risks and rewards of ownership of the goods have transferred to the buyer. This is usually on despatch of the goods.

Tangible fixed assets

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and any impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost of each asset, less its estimated residual value, over its estimated useful life.

Equipment - 10% on cost

Fixtures and fittings - 10% on cost

Motor vehicles - 10%, 15% and 20% on cost

Computer equipment - 33% on cost

Residual values and useful lives are reviewed, and adjusted if necessary, at each balance sheet date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the profit and loss account.

Stocks

Stocks are valued at the lower of cost and net realisable value. Stock comprises fuel and motor vehicle spares which are all for the company's own use as well as stock of white and brown goods damaged during the distribution process which is for resale.

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 and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

Investments

Investments in shares are stated at original cost less provision for impairment.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 46 (2024 - 46 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

Equipment

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

562,133

28,400

2,782,553

92,595

3,465,681

Additions

167

3,569

-

53,961

57,697

Disposals

-

(1,679

)

(335,909

)

(22,106

)

(359,694

)

At 31 December 2025

562,300

30,290

2,446,644

124,450

3,163,684

DEPRECIATION

At 1 January 2025

355,231

21,899

1,677,783

65,218

2,120,131

Charge for year

40,943

2,029

423,946

26,130

493,048

Eliminated on disposal

-

(1,679

)

(323,803

)

(22,106

)

(347,588

)

At 31 December 2025

396,174

22,249

1,777,926

69,242

2,265,591

NET BOOK VALUE

At 31 December 2025

166,126

8,041

668,718

55,208

898,093

At 31 December 2024

206,902

6,501

1,104,770

27,377

1,345,550

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2025

804,361

Transfer to ownership

(524,384

)

At 31 December 2025

279,977

DEPRECIATION

At 1 January 2025

260,994

Charge for year

160,872

Transfer to ownership

(329,362

)

At 31 December 2025

92,504

NET BOOK VALUE

At 31 December 2025

187,473

At 31 December 2024

543,367

6.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST

At 1 January 2025

and 31 December 2025

4,975

NET BOOK VALUE

At 31 December 2025

4,975

At 31 December 2024

4,975

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

451,961

485,280

Amounts owed by group undertakings

19,382

36,366

Other debtors

63,528

74,452

534,871

596,098

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Loan from group undertaking

460,621

460,621

Hire purchase contracts

80,027

124,179

Trade creditors

251,154

267,843

Amounts owed to group undertakings

10,619

10,619

Social security and other taxes

250,027

246,843

Other creditors

16,632

14,040

Directors' current accounts

350

350

Accruals & deferred income

74,932

68,104

1,144,362

1,192,599

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

45,129

118,467

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

125,156

242,646

The hire purchase contracts are secured on the fixed assets for which they were used to purchase.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

2,000

Ordinary

£1

2,000

2,000

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Neil Raynsford (Senior Statutory Auditor)

for and on behalf of Shaw Gibbs (Audit) Limited

13.	OTHER FINANCIAL COMMITMENTS

Total future financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £131,708 (2024:£186,208).

This amount is in relation to operating lease commitments which are payable over the next 3 years.

14.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies where any subsidiary that is a party to the transaction is wholly owned within the group or where transactions have been undertaken under normal market conditions.

15.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr K White.