First Line Distribution Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 06381014

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		4,500		6,000
Tangible Assets	5		4,638		5,332

			9,138		11,332
CURRENT ASSETS
Stocks	6	267,391		221,094
Debtors	7	62,207		107,468
Cash at bank and in hand		1,378		749

		330,976		329,311
Creditors: Amounts Falling Due Within One Year	8	(215,983 )		(181,970 )

NET CURRENT ASSETS (LIABILITIES)			114,993		147,341

TOTAL ASSETS LESS CURRENT LIABILITIES			124,131		158,673

NET ASSETS			124,131		158,673

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			124,129		158,671

SHAREHOLDERS' FUNDS			124,131		158,673

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First Line Distribution Ltd

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Jay Henson

Director

15 September 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

First Line Distribution Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06381014 . The registered office is 5 Den Road, Teignmouth, Devon, TQ14 8AR.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

15% reducing balance and 20% straight line

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Financial Instruments

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at the market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

2.7. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

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First Line Distribution Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.8. Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

2.9. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was:

	2026	2025
Office and administration	6	5

	6	5

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2025	30,000

As at 31 March 2026	30,000

Amortisation
As at 1 April 2025	24,000
Provided during the period	1,500

As at 31 March 2026	25,500

Net Book Value
As at 31 March 2026	4,500

As at 1 April 2025	6,000

5. Tangible Assets

	Plant & Machinery
	£
Cost
As at 1 April 2025	23,224
Additions	1,219

As at 31 March 2026	24,443

Depreciation
As at 1 April 2025	17,892
Provided during the period	1,913

As at 31 March 2026	19,805

Net Book Value
As at 31 March 2026	4,638

As at 1 April 2025	5,332

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First Line Distribution Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Stocks

	2026	2025
	£	£
Stock	267,391	221,094

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	62,207	101,409
Other debtors	-	59
Amounts owed by associates	-	6,000

	62,207	107,468

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	17,446	1,871
Bank loans and overdrafts	-	3,949
Other taxes and social security	1,360	2,449
VAT	34,286	29,599
Credit card	2,075	753
Accruals and deferred income	2,036	1,838
Directors' loan accounts	158,780	141,511

	215,983	181,970

9. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
2 Ordinary Shares of £ 1 each	2	2

10. Related Party Transactions

At the year end, 31 March 2026, the company owed the directors £158,780 (2025: £141,511) in respect of loans held with the company. These amounts are interest free and repayable on demand.

11. Ultimate Controlling Party

The company's ultimate controlling party is the director, Mr J Henson by virtue of his ownership of 100% of the issued share capital in the company.

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