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REGISTERED NUMBER: 05307133 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021

FOR

KDA WHOLESALES LIMITED

KDA WHOLESALES LIMITED (REGISTERED NUMBER: 05307133)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KDA WHOLESALES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2021







DIRECTORS: C A Tibble
Miss A J Oglesby





SECRETARY: C A Tibble





REGISTERED OFFICE: Unit 4
Fallbank Industrial Estate
Dodworth
Barnsley
South Yorkshire
S75 3LS





REGISTERED NUMBER: 05307133 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

KDA WHOLESALES LIMITED (REGISTERED NUMBER: 05307133)

BALANCE SHEET
31ST DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,720,121 2,680,848

CURRENT ASSETS
Stocks 5 1,015,628 909,583
Debtors 6 2,698 13,253
Cash at bank and in hand 854,176 274,483
1,872,502 1,197,319
CREDITORS
Amounts falling due within one year 7 215,729 161,190
NET CURRENT ASSETS 1,656,773 1,036,129
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,376,894

3,716,977

CREDITORS
Amounts falling due after more than one
year

8

(1,414

)

-

PROVISIONS FOR LIABILITIES 9 (31,618 ) (25,628 )
NET ASSETS 4,343,862 3,691,349

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 4,343,861 3,691,348
SHAREHOLDERS' FUNDS 4,343,862 3,691,349

KDA WHOLESALES LIMITED (REGISTERED NUMBER: 05307133)

BALANCE SHEET - continued
31ST DECEMBER 2021


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2021 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 Profit & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26th August 2022 and were signed on its behalf by:




C A Tibble - Director



Miss A J Oglesby - Director


KDA WHOLESALES LIMITED (REGISTERED NUMBER: 05307133)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021

1. STATUTORY INFORMATION

KDA Wholesales 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, 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.
Freehold property - not provided
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 Profit & Loss Account and Retained Earnings, 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.

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 26 (2020 - 21 ) .

KDA WHOLESALES LIMITED (REGISTERED NUMBER: 05307133)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2021

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1st January 2021 2,616,910 21,323 149,085
Additions - - 16,596
Disposals - - -
At 31st December 2021 2,616,910 21,323 165,681
DEPRECIATION
At 1st January 2021 - 2,674 106,094
Charge for year - 1,796 7,765
Eliminated on disposal - - -
At 31st December 2021 - 4,470 113,859
NET BOOK VALUE
At 31st December 2021 2,616,910 16,853 51,822
At 31st December 2020 2,616,910 18,649 42,991

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st January 2021 5,794 58,784 2,851,896
Additions 34,613 - 51,209
Disposals (5,794 ) - (5,794 )
At 31st December 2021 34,613 58,784 2,897,311
DEPRECIATION
At 1st January 2021 5,243 57,037 171,048
Charge for year 656 1,247 11,464
Eliminated on disposal (5,322 ) - (5,322 )
At 31st December 2021 577 58,284 177,190
NET BOOK VALUE
At 31st December 2021 34,036 500 2,720,121
At 31st December 2020 551 1,747 2,680,848

5. STOCKS
2021 2020
£    £   
Stocks 1,015,628 909,583

KDA WHOLESALES LIMITED (REGISTERED NUMBER: 05307133)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2021

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors - 10,104
Prepayments 2,698 3,149
2,698 13,253

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Hire purchase contracts 1,454 -
Trade creditors 4,139 3,009
Tax 163,394 96,847
Social security and other taxes 3,861 13,489
VAT 28,418 27,167
Other creditors 1,626 1,234
Directors' current accounts 1,427 9,787
Accrued expenses 11,410 9,657
215,729 161,190

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Hire purchase contracts 1,414 -

9. PROVISIONS FOR LIABILITIES
2021 2020
£    £   
Deferred tax 31,618 25,628

Deferred
tax
£   
Balance at 1st January 2021 25,628
Provided during year 5,990
Balance at 31st December 2021 31,618

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
1 Ordinary £1 1 1

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C A Tibble.