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REGISTERED NUMBER: 07979216 (England and Wales)


Financial Statements for the Year Ended 28 February 2023

for

MMS Wholesale Limited

MMS Wholesale Limited (Registered number: 07979216)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


MMS Wholesale Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr Kulraj Singh Sedana
Mrs Manjit Kaur Sedana
Mr Meet Singh Sedana





REGISTERED OFFICE: 44 Hardford Street
Hockley
Birmingham
United Kingdom
B19 3EB





REGISTERED NUMBER: 07979216 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

MMS Wholesale Limited (Registered number: 07979216)

Statement of Financial Position
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 52,576 38,685

CURRENT ASSETS
Inventories 797,853 796,730
Debtors 5 2,655,337 2,492,474
Cash at bank and in hand 51,859 88,087
3,505,049 3,377,291
CREDITORS
Amounts falling due within one year 6 2,691,029 2,603,011
NET CURRENT ASSETS 814,020 774,280
TOTAL ASSETS LESS CURRENT
LIABILITIES

866,596

812,965

CREDITORS
Amounts falling due after more than one
year

7

244,571

222,431
NET ASSETS 622,025 590,534

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 621,925 590,434
SHAREHOLDERS' FUNDS 622,025 590,534

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

MMS Wholesale Limited (Registered number: 07979216)

Statement of Financial Position - continued
28 February 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 November 2023 and were signed on its behalf by:





Mr Kulraj Singh Sedana - Director


MMS Wholesale Limited (Registered number: 07979216)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

MMS Wholesale 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 represents value of goods and services sold excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 6 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 March 2022 109,747
Additions 30,023
At 28 February 2023 139,770
DEPRECIATION
At 1 March 2022 71,062
Charge for year 16,132
At 28 February 2023 87,194
NET BOOK VALUE
At 28 February 2023 52,576
At 28 February 2022 38,685

MMS Wholesale Limited (Registered number: 07979216)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 411,337 854,789
Other debtors 2,244,000 1,637,685
2,655,337 2,492,474

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 2,616,540 2,431,380
Taxation and social security 47,969 121,210
Other creditors 26,520 50,421
2,691,029 2,603,011

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans 75,431 75,431
Hire purchase contracts 22,140 -
Other creditors 147,000 147,000
244,571 222,431

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100