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REGISTERED NUMBER: 08406154 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

TOP WHOLESALERS LIMITED

TOP WHOLESALERS LIMITED (REGISTERED NUMBER: 08406154)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TOP WHOLESALERS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: B Gray
R Gray





REGISTERED OFFICE: 4th Floor
Charles House
108-110 Finchley Road
London
NW3 5JJ





REGISTERED NUMBER: 08406154 (England and Wales)





ACCOUNTANTS: Numera North Limited
4th Floor, Charles House
108-110 Finchley Road
London
NW3 5JJ

TOP WHOLESALERS LIMITED (REGISTERED NUMBER: 08406154)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,740 7,737

CURRENT ASSETS
Stocks 625,313 401,696
Debtors 5 159,443 306,723
Cash at bank and in hand 99,984 138,619
884,740 847,038
CREDITORS
Amounts falling due within one year 6 511,333 461,114
NET CURRENT ASSETS 373,407 385,924
TOTAL ASSETS LESS CURRENT
LIABILITIES

398,147

393,661

CREDITORS
Amounts falling due after more than one year 7 22,876 32,786
NET ASSETS 375,271 360,875

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 375,171 360,775
SHAREHOLDERS' FUNDS 375,271 360,875

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.

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 24 November 2023 and were signed on its behalf by:





B Gray - Director


TOP WHOLESALERS LIMITED (REGISTERED NUMBER: 08406154)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Top Wholesalers 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.

The presentation currency of the financial statements is the Pound Sterling (£) and rounded to the nearest £.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 8 (2022 - 7 ) .

TOP WHOLESALERS LIMITED (REGISTERED NUMBER: 08406154)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 17,164
Additions 22,154
At 28 February 2023 39,318
DEPRECIATION
At 1 March 2022 9,427
Charge for year 5,151
At 28 February 2023 14,578
NET BOOK VALUE
At 28 February 2023 24,740
At 28 February 2022 7,737

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 144,593 286,738
Other debtors 14,850 19,985
159,443 306,723

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 163,230 111,470
Taxation and social security 11,130 32,781
Other creditors 336,973 316,863
511,333 461,114

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Other creditors 22,876 32,786

TOP WHOLESALERS LIMITED (REGISTERED NUMBER: 08406154)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2023 and 28 February 2022:

28.2.23 28.2.22
£    £   
B Gray
Balance outstanding at start of year (302,941 ) (303,659 )
Amounts advanced 108,088 114,030
Amounts repaid (129,599 ) (113,312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (324,452 ) (302,941 )