REGISTERED NUMBER: 03477787 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2026

for

A.C. DISTRIBUTION LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

J A Sprudd

H Sprudd

A T Sprudd

SECRETARY:

H Sprudd

REGISTERED OFFICE:

Upper Boat Trading Estate

Pontypridd

Rhondda Cynon Taff

CF37 5BP

REGISTERED NUMBER:

03477787 (England and Wales)

ACCOUNTANTS:

James de Frias

Chartered Accountants

7 Centre Court

Main Avenue

Treforest Industrial Estate

Pontypridd

Rhondda Cynon Taff

CF37 5YR

FIXED ASSETS

Tangible assets

4

762,572

318,484

CURRENT ASSETS

Stocks

27,212

34,671

Debtors

5

161,742

157,604

Cash at bank and in hand

212,963

74,619

401,917

266,894

CREDITORS

Amounts falling due within one year

6

327,043

269,849

NET CURRENT ASSETS/(LIABILITIES)

74,874

(2,955

)

TOTAL ASSETS LESS CURRENT LIABILITIES

837,446

315,529

CREDITORS

Amounts falling due after more than one year

7

(545,730

)

(24,047

)

PROVISIONS FOR LIABILITIES

9

(51,531

)

(51,336

)

NET ASSETS

240,185

240,146

CAPITAL AND RESERVES

Called up share capital

610

610

Retained earnings

239,575

239,536

SHAREHOLDERS' FUNDS

240,185

240,146

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 27 October 2026 and were signed on its behalf by:

J A Sprudd - Director

1.	STATUTORY INFORMATION

A.C. 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.

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 as modified by the revaluation of certain assets.

Changes in accounting policies

During the year to 31 March 2023, The Company changed the method of depreciating its Fixed Assets from a Straight Line basis to a reducing balance basis as this revised method better reflects the entity’s consumption of all of its Fixed Assets over their useful lives and is consistent with the entity’s replacement cycle.

Turnover

Turnover is the amount derived from ordinary activities and is stated net of trade discounts, Value Added Tax, and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

10% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% 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.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Finance leases and operating leases

Assets held under finance leases are capitalised and depreciated over the shorter of their estimated useful lives or minimum lease term. The minimum lease payments due are treated as a liability.

Operating leases are charged directly to the profit and loss account as incurred.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2025 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST OR VALUATION

At 1 February 2025

-

55,401

336,302

Additions

460,987

29,105

-

At 31 January 2026

460,987

84,506

336,302

DEPRECIATION

At 1 February 2025

-

55,400

116,639

Charge for year

-

99

24,006

At 31 January 2026

-

55,499

140,645

NET BOOK VALUE

At 31 January 2026

460,987

29,007

195,657

At 31 January 2025

-

1

219,663

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 February 2025

189,510

109,833

92,376

783,422

Additions

-

-

-

490,092

At 31 January 2026

189,510

109,833

92,376

1,273,514

DEPRECIATION

At 1 February 2025

130,242

72,247

90,410

464,938

Charge for year

11,854

9,396

649

46,004

At 31 January 2026

142,096

81,643

91,059

510,942

NET BOOK VALUE

At 31 January 2026

47,414

28,190

1,317

762,572

At 31 January 2025

59,268

37,586

1,966

318,484

Cost or valuation at 31 January 2026 is represented by:

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

Valuation in 2024

-

55,401

471,056

Valuation in 2025

-

-

(134,754

)

Valuation in 2026

460,987

29,105

-

460,987

84,506

336,302

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Valuation in 2024

189,510

109,833

92,376

918,176

Valuation in 2025

-

-

-

(134,754

)

Valuation in 2026

-

-

-

490,092

189,510

109,833

92,376

1,273,514

If Plant and machinery had not been revalued they would have been included at the following historical cost:

31/1/26

31/1/25

£

£

Cost

471,000

471,000

Aggregate depreciation

284,941

284,941

Plant and machinery was valued on an open market basis on 31 January 2025 by the directors. .

Included in Fixed Assets above, are the Net Book Value of assets held under Hire Purchase and Finance Leases, which amount to £21,468 (2025: £28,624).

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/26

31/1/25

£

£

Trade debtors

94,940

99,202

Other debtors

66,802

58,402

161,742

157,604

All the company's trade debtors are assigned to a Factor and subject to a charge in favour of the Factor.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/26

31/1/25

£

£

Bank loans and overdrafts

22,473

-

Hire purchase contracts

6,862

6,862

Trade creditors

128,756

130,858

Taxation and social security

90,617

72,959

Other creditors

78,335

59,170

327,043

269,849

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/1/26

31/1/25

£

£

Bank loans

336,878

-

Hire purchase contracts

17,185

24,047

Other creditors

191,667

-

545,730

24,047

31/1/26

31/1/25

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

288,878

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

31/1/26

31/1/25

£

£

Bank loans

348,878

-

Hire purchase contracts

24,047

30,909

372,925

30,909

9.	PROVISIONS FOR LIABILITIES

31/1/26

31/1/25

£

£

Deferred tax

Accelerated capital allowances

51,531

51,336

Deferred

tax

£

Balance at 1 February 2025

51,336

Accelerated capital allowances

195

Balance at 31 January 2026

51,531

10.	ULTIMATE CONTROLLING PARTY

The controlling party is J A Sprudd.