Ison Distribution Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03690131

Ison Distribution Limited

Filleted Unaudited Financial Statements

For the year ended

31 January 2026

Ison Distribution Limited

Statement of Financial Position

31 January 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	5	1,311,329	1,345,561
Investments	6	10,642	10,642
		------------	------------
		1,321,971	1,356,203

Current assets

Stocks		2,633,705	3,399,066
Debtors	7	447,571	426,891
Cash at bank and in hand		2,977,588	1,982,100
		------------	------------
		6,058,864	5,808,057

Creditors: amounts falling due within one year	8	622,012		687,186
		------------		------------
Net current assets			5,436,852		5,120,871
			------------		------------
Total assets less current liabilities			6,758,823		6,477,074

Provisions	1,673	108
	------------	------------
Net assets	6,757,150	6,476,966
	------------	------------

Capital and reserves

Called up share capital	150	150
Capital redemption reserve	50	50
Profit and loss account	6,756,950	6,476,766
	------------	------------
Shareholders funds	6,757,150	6,476,966
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 January 2026 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 financial statements for the year in question in accordance with section 476 ;

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

Ison Distribution Limited

Statement of Financial Position (continued)

31 January 2026

These financial statements were approved by the board of directors and authorised for issue on 26 October 2026 , and are signed on behalf of the board by:

Mr L Townsend

Director

Company registration number: 03690131

Ison Distribution Limited

Notes to the Financial Statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 201 Lancaster Way Business Park, Ely, CB6 0NX, Cambridgeshire.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by Section 398 of the Companies Act 2006 not to prepare group accounts.

Revenue recognition

Turnover represents the value of goods despatched or sold at the point of sale in the retail divisions, excluding value added tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% straight line
Plant and machinery	-	25% reducing balance

Land is not depreciated.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is based on third party purchase invoices, with purchases in foreign currency being translated at an appropriate average rate of exchange.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 31 (2025: 27 ).

5. Tangible assets

	Freehold land and property	Plant and machinery	Total
	£	£	£
Cost
At 1 February 2025	1,459,798	921,187	2,380,985
Disposals	–	( 15,500)	( 15,500)
	------------	---------	------------
At 31 January 2026	1,459,798	905,687	2,365,485
	------------	---------	------------
Depreciation
At 1 February 2025	183,181	852,243	1,035,424
Charge for the year	16,664	17,126	33,790
Disposals	–	( 15,058)	( 15,058)
	------------	---------	------------
At 31 January 2026	199,845	854,311	1,054,156
	------------	---------	------------
Carrying amount
At 31 January 2026	1,259,953	51,376	1,311,329
	------------	---------	------------
At 31 January 2025	1,276,617	68,944	1,345,561
	------------	---------	------------

6. Investments

	Shares in group undertakings	Shares in associates	Total
	£	£	£
Cost
At 1 February 2025 and 31 January 2026	100	10,542	10,642
	----	--------	--------
Impairment
At 1 February 2025 and 31 January 2026	–	–	–
	----	--------	--------

Carrying amount
At 31 January 2026	100	10,542	10,642
	----	--------	--------
At 31 January 2025	100	10,542	10,642
	----	--------	--------

7. Debtors

	2026	2025
	£	£
Trade debtors	419,710	386,605
Other debtors	27,861	40,286
	---------	---------
	447,571	426,891
	---------	---------

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	157,654	101,887
Amounts owed to group undertakings and undertakings in which the company has a participating interest	100	100
Social security and other taxes	262,445	127,525
Other creditors	201,813	457,674
	---------	---------
	622,012	687,186
	---------	---------

9. Unaudited financial statements

For a number years the company has requested its financial statements be subject to external audit. This is a voluntary request rather than a requirement under Company law. It is completed each year as the directors recognise the benefits of an external review and external opinion regarding the financial performance and position of the business.

The audit for the year ended 31 January 2020 was planned and a timetable agreed prior to Covid-19 restrictions being put in place during March 2020. Following the announcement of lockjaw restrictions the operational aspects of the audit were discussed in detail with safety being of paramount importance. The directors, in conjunction with the company's auditors, concluded that in these extreme circumstances the voluntary audit should not take place. In recent years, the Auditors have continued to attend and verify the company's YE stock count with a view to returning to a full voluntary Audit position in due course.

10. Operating lease commitments

Future lease commitments at 31 January 2026 are £ 61,650 (2025: £ 102,750 )

11. Events after the end of the reporting period

The company has undertaken a group restructure post year end. As a result of the restructuring, a new holding company has been formed and the freehold property has been transferred outside the group.