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REGISTERED NUMBER: 08131302 (England and Wales)


Financial Statements for the Year Ended 31 July 2023

for

KD Wholesale Ltd

KD Wholesale Ltd (Registered number: 08131302)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


KD Wholesale Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr Karamjit Singh Saini
Mr Daljit Singh Saini





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD





REGISTERED NUMBER: 08131302 (England and Wales)





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

KD Wholesale Ltd (Registered number: 08131302)

Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,098 2,508

CURRENT ASSETS
Inventories 75,655 67,845
Debtors 5 172 124
Cash at bank and in hand 56,652 57,249
132,479 125,218
CREDITORS
Amounts falling due within one year 6 59,168 58,415
NET CURRENT ASSETS 73,311 66,803
TOTAL ASSETS LESS CURRENT
LIABILITIES

75,409

69,311

CAPITAL AND RESERVES
Called up share capital 7 1 1
Retained earnings 75,408 69,310
SHAREHOLDERS' FUNDS 75,409 69,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

KD Wholesale Ltd (Registered number: 08131302)

Statement of Financial Position - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2024 and were signed on its behalf by:





Mr Karamjit Singh Saini - Director


KD Wholesale Ltd (Registered number: 08131302)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

KD Wholesale Ltd 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 net sales of invoiced goods and services 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 - 25% on reducing balance and 15% 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 1 (2022 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 August 2022 15,174
Additions 117
At 31 July 2023 15,291
DEPRECIATION
At 1 August 2022 12,666
Charge for year 527
At 31 July 2023 13,193
NET BOOK VALUE
At 31 July 2023 2,098
At 31 July 2022 2,508

KD Wholesale Ltd (Registered number: 08131302)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 172 124

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 252 -
Taxation and social security 2,542 1,020
Other creditors 56,374 57,395
59,168 58,415

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
1 Ordinary £1 1 1