ACL WHOLESALE LIMITED

Company Registration Number:
11469921 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 1 August 2022

End date: 31 July 2023

ACL WHOLESALE LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ACL WHOLESALE LIMITED

Profit And Loss Account

for the Period Ended 31 July 2023

2023 2022


£

£
Turnover: 9,915,878 7,836,422
Cost of sales: ( 6,592,175 ) ( 5,192,334 )
Gross profit(or loss): 3,323,703 2,644,088
Distribution costs: ( 254,114 ) ( 146,583 )
Administrative expenses: ( 651,325 ) ( 534,832 )
Operating profit(or loss): 2,418,264 1,962,673
Profit(or loss) before tax: 2,418,264 1,962,673
Tax: ( 436,985 ) ( 233,845 )
Profit(or loss) for the financial year: 1,981,279 1,728,828

ACL WHOLESALE LIMITED

Balance sheet

As at 31 July 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 2,321,578 1,586,729
Total fixed assets: 2,321,578 1,586,729
Current assets
Stocks: 4 1,921,392 787,353
Debtors: 5 1,953,658 1,446,495
Cash at bank and in hand: 853,254 795,343
Total current assets: 4,728,304 3,029,191
Creditors: amounts falling due within one year: 6 ( 852,168 ) ( 399,485 )
Net current assets (liabilities): 3,876,136 2,629,706
Total assets less current liabilities: 6,197,714 4,216,435
Total net assets (liabilities): 6,197,714 4,216,435
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 6,197,713 4,216,434
Total Shareholders' funds: 6,197,714 4,216,435

The notes form part of these financial statements

ACL WHOLESALE LIMITED

Balance sheet statements

For the year ending 31 July 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 14 March 2024
and signed on behalf of the board by:

Name: Maiya Khatri
Status: Director

The notes form part of these financial statements

ACL WHOLESALE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 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

ACL WHOLESALE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 37 16

ACL WHOLESALE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 August 2022 1,180,607 181,394 136,381 58,152 147,834 1,704,368
Additions 598,658 42,598 58,988 75,254 179,334 954,832
Disposals
Revaluations
Transfers
At 31 July 2023 1,779,265 223,992 195,369 133,406 327,168 2,659,200
Depreciation
At 1 August 2022 26,436 24,839 25,647 40,717 117,639
Charge for year 55,998 48,842 33,351 81,792 219,983
On disposals
Other adjustments
At 31 July 2023 82,434 73,681 58,998 122,509 337,622
Net book value
At 31 July 2023 1,779,265 141,558 121,688 74,408 204,659 2,321,578
At 31 July 2022 1,180,607 154,958 111,542 32,505 107,117 1,586,729

ACL WHOLESALE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Stocks

2023 2022
£ £
Stocks 1,921,392 787,353
Total 1,921,392 787,353

ACL WHOLESALE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Debtors

2023 2022
£ £
Trade debtors 1,953,658 1,446,495
Total 1,953,658 1,446,495

ACL WHOLESALE LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 415,183 175,640
Taxation and social security 436,985 223,845
Total 852,168 399,485