ASK WHOLESALE LIMITED

Company Registration Number:
11258852 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2022

Period of accounts

Start date: 1 April 2021

End date: 31 March 2022

ASK WHOLESALE LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ASK WHOLESALE LIMITED

Directors' report period ended 31 March 2022

The directors present their report with the financial statements of the company for the period ended 31 March 2022

Directors

The director shown below has held office during the whole of the period from
1 April 2021 to 31 March 2022

Asher Kedem


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
28 August 2022

And signed on behalf of the board by:
Name: Asher Kedem
Status: Director

ASK WHOLESALE LIMITED

Profit And Loss Account

for the Period Ended 31 March 2022

2022 2021


£

£
Turnover: 2,984,038 1,293,947
Cost of sales: ( 1,365,849 ) ( 604,867 )
Gross profit(or loss): 1,618,189 689,080
Distribution costs: ( 143,721 ) ( 87,436 )
Administrative expenses: ( 254,683 ) ( 147,580 )
Operating profit(or loss): 1,219,785 454,064
Profit(or loss) before tax: 1,219,785 454,064
Tax: ( 221,932 ) ( 86,272 )
Profit(or loss) for the financial year: 997,853 367,792

ASK WHOLESALE LIMITED

Balance sheet

As at 31 March 2022

Notes 2022 2021


£

£
Fixed assets
Tangible assets: 3 894,227 451,171
Total fixed assets: 894,227 451,171
Current assets
Stocks: 4 382,731 193,726
Debtors: 5 535,284 327,493
Cash at bank and in hand: 483,713 184,824
Total current assets: 1,401,728 706,043
Creditors: amounts falling due within one year: 6 ( 282,726 ) ( 141,838 )
Net current assets (liabilities): 1,119,002 564,205
Total assets less current liabilities: 2,013,229 1,015,376
Total net assets (liabilities): 2,013,229 1,015,376
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 2,013,228 1,015,375
Total Shareholders' funds: 2,013,229 1,015,376

The notes form part of these financial statements

ASK WHOLESALE LIMITED

Balance sheet statements

For the year ending 31 March 2022 the company was entitled to exemption 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.

This report was approved by the board of directors on 28 August 2022
and signed on behalf of the board by:

Name: Asher Kedem
Status: Director

The notes form part of these financial statements

ASK WHOLESALE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

ASK WHOLESALE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

  • 2. Employees

    2022 2021
    Average number of employees during the period 10 6

ASK WHOLESALE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2021 127,490 115,564 72,963 69,315 127,754 513,086
Additions 244,962 46,394 18,372 45,398 153,649 508,775
Disposals
Revaluations
Transfers
At 31 March 2022 372,452 161,958 91,335 114,713 281,403 1,021,861
Depreciation
At 1 April 2021 11,557 10,944 13,863 25,551 61,915
Charge for year 12,371 11,833 14,032 27,483 65,719
On disposals
Other adjustments
At 31 March 2022 23,928 22,777 27,895 53,034 127,634
Net book value
At 31 March 2022 372,452 138,030 68,558 86,818 228,369 894,227
At 31 March 2021 127,490 104,007 62,019 55,452 102,203 451,171

ASK WHOLESALE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

4. Stocks

2022 2021
£ £
Stocks 382,731 193,726
Total 382,731 193,726

ASK WHOLESALE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

5. Debtors

2022 2021
£ £
Trade debtors 535,284 327,493
Total 535,284 327,493

ASK WHOLESALE LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2022

6. Creditors: amounts falling due within one year note

2022 2021
£ £
Trade creditors 60,794 55,566
Taxation and social security 221,932 86,272
Total 282,726 141,838