| WHOLESALE TROPICALS (UK) LTD |
| Registered Number:05193882 |
For the year ended 31 July 2022
England and Wales
Unaudited Financial Statements
For the year ended 31 July 2022
WHOLESALE TROPICALS (UK) LTD
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
WHOLESALE TROPICALS (UK) LTD
Statement of Financial Position
2021
2022
| Property, plant and equipment |
7,344
9,066
2
7,344
9,066
16,050
15,400
3
| Trade and other receivables |
70,262
86,807
4
72,935
| Cash and cash equivalents |
32,558
134,765
159,247
| Trade and other payables: amounts falling due within one |
| year |
(54,383)
(30,330)
5
104,864
104,435
Net current assets
| Total assets less current liabilities |
111,779
113,930
111,779
Net assets
113,930
2
2
111,777
113,928
111,779
113,930
Shareholders' funds
| For the year ended 31 July 2022 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 of its financial statements for the year ended 31 July 2022 in accordance with Section 476 of the Companies Act 2006 |
| The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
| These financial statements were approved and authorised for issue by the Board on 02 October 2023 and were signed by: |
| The notes form part of these financial statements |
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For the year ended 31 July 2022
WHOLESALE TROPICALS (UK) LTD
Notes to the Financial Statements
Statutory Information
| WHOLESALE TROPICALS (UK) LTD is a private limited company, limited by shares, domiciled in England and Wales, |
| registration number 05193882. |
| Principal place of business: |
220 Bethnal Green Road
Bethnal Green
London
E2 0AA
Unit 9, 97-101 Peregrine Road
Hainault Business Park
Hainault
Essex
IG6 3XH
| The presentation currency is £ sterling. |
Basis of preparing the financial statements
| These financial statements have been prepared in accordance with the provisions of Section 1A of Financial |
| Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the |
| Companies Act 2006. The financial statements have been prepared under the historical costs convention as |
| modified by the revaluation of certain assets. |
Revenue recognition
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Property, plant and equipment
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Motor vehicles
Fixtures and fittings
Inventories
| Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
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For the year ended 31 July 2022
WHOLESALE TROPICALS (UK) LTD
Notes to the Financial Statements Continued
| 2. Property, plant and equipment |
Motor vehicles
29,317
8,536
18,080
2,701
472
328
-
144
2,845
18,080
8,864
29,789
| Provision for depreciation and impairment |
20,251
5,735
12,360
2,156
Charge for year
2,194
626
1,430
138
22,445
6,361
13,790
2,294
551
4,290
2,503
7,344
545
5,720
2,801
9,066
2021
2022
15,400
16,050
| 4. Trade and other receivables |
2021
2022
75,974
59,186
10,833
11,076
70,262
86,807
| 5. Trade and other payables: amounts falling due within one year |
2021
2022
-
16,753
| Taxation and social security |
17,511
34,489
12,819
3,141
30,330
54,383
| 6. Average number of persons employed |
During the year the average number of employees was 3 (2021 : 3)
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For the year ended 31 July 2022
WHOLESALE TROPICALS (UK) LTD
Notes to the Financial Statements Continued
4 of 4