FORTUNE WHOLESALES LIMITED

Company Registration Number:
11271199 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

FORTUNE WHOLESALES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

FORTUNE WHOLESALES LIMITED

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 6,180,226 5,237,480
Cost of sales: ( 4,184,264 ) ( 3,638,491 )
Gross profit(or loss): 1,995,962 1,598,989
Distribution costs: ( 224,174 ) ( 103,849 )
Administrative expenses: ( 426,587 ) ( 314,859 )
Operating profit(or loss): 1,345,201 1,180,281
Profit(or loss) before tax: 1,345,201 1,180,281
Tax: ( 255,588 ) ( 236,484 )
Profit(or loss) for the financial year: 1,089,613 943,797

FORTUNE WHOLESALES LIMITED

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 1,253,479 924,325
Total fixed assets: 1,253,479 924,325
Current assets
Stocks: 4 1,225,458 784,932
Debtors: 5 985,875 743,842
Cash at bank and in hand: 623,154 457,403
Total current assets: 2,834,487 1,986,177
Creditors: amounts falling due within one year: 6 ( 411,326 ) ( 323,475 )
Net current assets (liabilities): 2,423,161 1,662,702
Total assets less current liabilities: 3,676,640 2,587,027
Total net assets (liabilities): 3,676,640 2,587,027
Capital and reserves
Called up share capital: 130,000 130,000
Profit and loss account: 3,546,640 2,457,027
Total Shareholders' funds: 3,676,640 2,587,027

The notes form part of these financial statements

FORTUNE WHOLESALES LIMITED

Balance sheet statements

For the year ending 31 March 2023 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 20 December 2023
and signed on behalf of the board by:

Name: Amran Khan
Status: Director

The notes form part of these financial statements

FORTUNE WHOLESALES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

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

FORTUNE WHOLESALES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 13 11

FORTUNE WHOLESALES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 602,056 118,968 78,170 46,849 160,967 1,007,010
Additions 309,500 32,548 6,323 15,487 75,158 439,016
Disposals
Revaluations
Transfers
At 31 March 2023 911,556 151,516 84,493 62,336 236,125 1,446,026
Depreciation
At 1 April 2022 10,595 14,963 18,195 38,932 82,685
Charge for year 30,303 16,898 9,350 53,311 109,862
On disposals
Other adjustments
At 31 March 2023 40,898 31,861 27,545 92,243 192,547
Net book value
At 31 March 2023 911,556 110,618 52,632 34,791 143,882 1,253,479
At 31 March 2022 602,056 108,373 63,207 28,654 122,035 924,325

FORTUNE WHOLESALES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Stocks

2023 2022
£ £
Stocks 1,225,458 784,932
Total 1,225,458 784,932

FORTUNE WHOLESALES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Debtors

2023 2022
£ £
Trade debtors 985,875 743,842
Total 985,875 743,842

FORTUNE WHOLESALES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 155,738 86,991
Taxation and social security 255,588 236,484
Total 411,326 323,475