FM WHOLESALER FURNITURE LTD

Company Registration Number:
12219256 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2023

Period of accounts

Start date: 1 October 2022

End date: 30 September 2023

FM WHOLESALER FURNITURE LTD

Contents of the Financial Statements

for the Period Ended 30 September 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

FM WHOLESALER FURNITURE LTD

Profit And Loss Account

for the Period Ended 30 September 2023

2023 2022


£

£
Turnover: 28,045,678 16,876,534
Cost of sales: ( 23,808,309 ) ( 15,221,399 )
Gross profit(or loss): 4,237,369 1,655,135
Distribution costs: ( 676,422 ) ( 680,576 )
Administrative expenses: ( 391,671 ) ( 245,689 )
Operating profit(or loss): 3,169,276 728,870
Profit(or loss) before tax: 3,169,276 728,870
Profit(or loss) for the financial year: 3,169,276 728,870

FM WHOLESALER FURNITURE LTD

Balance sheet

As at 30 September 2023

Notes 2023 2022


£

£
Called up share capital not paid: 5,000 4,000
Fixed assets
Intangible assets: 3 260,861 145,721
Tangible assets: 4 5,093,521 256,433
Investments: 5 445,321 91,634
Total fixed assets: 5,799,703 493,788
Current assets
Stocks: 6 360,196 125,675
Debtors: 7 435,678 155,421
Cash at bank and in hand: 231,267 211,145
Total current assets: 1,027,141 492,241
Prepayments and accrued income: 35,647
Creditors: amounts falling due within one year: 8 ( 255,733 ) ( 131,781 )
Net current assets (liabilities): 807,055 360,460
Total assets less current liabilities: 6,611,758 858,248
Creditors: amounts falling due after more than one year: 9 ( 345,834 ) ( 53,423 )
Provision for liabilities: ( 24,281 ) ( 71,455 )
Accruals and deferred income: ( 16,631 )
Total net assets (liabilities): 6,225,012 733,370
Capital and reserves
Called up share capital: 6,000 4,500
Other reserves: 3,049,736
Profit and loss account: 3,169,276 728,870
Total Shareholders' funds: 6,225,012 733,370

The notes form part of these financial statements

FM WHOLESALER FURNITURE LTD

Balance sheet statements

For the year ending 30 September 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 22 February 2024
and signed on behalf of the board by:

Name: Zamir Ahmad
Status: Director

The notes form part of these financial statements

FM WHOLESALER FURNITURE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Revenue is Recognised When it is Probable that Its Economic Benefits associated with tranaction.

    Tangible fixed assets depreciation policy

    Assets should be depreciated on the basis of straight line method.

    Other accounting policies

    These financial statements have been prepared in accordance with the provisions of Section l A (Small Entities) of Financial Reporting Standards 102

FM WHOLESALER FURNITURE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 26 15

FM WHOLESALER FURNITURE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 October 2022 145,721 0 145,721
Additions 115,140 115,140
Disposals
Revaluations
Transfers
At 30 September 2023 260,861 0 260,861
Amortisation
At 1 October 2022 0 0 0
Charge for year
On disposals
Other adjustments
At 30 September 2023 0 0 0
Net book value
At 30 September 2023 260,861 0 260,861
At 30 September 2022 145,721 0 145,721

FM WHOLESALER FURNITURE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 October 2022 151,356 12,357 54,075 38,645 256,433
Additions 2,845,621 967,431 345,691 678,345 4,837,088
Disposals
Revaluations
Transfers
At 30 September 2023 2,996,977 979,788 399,766 716,990 5,093,521
Depreciation
At 1 October 2022
Charge for year
On disposals
Other adjustments
At 30 September 2023
Net book value
At 30 September 2023 2,996,977 979,788 399,766 716,990 5,093,521
At 30 September 2022 151,356 12,357 54,075 38,645 256,433

FM WHOLESALER FURNITURE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

5. Fixed assets investments note

Computers, Scanners, Printers, Mobiles, Furniture, Fans, Heater, Air Conditioner, Car, Soft Switches.

FM WHOLESALER FURNITURE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

6. Stocks

2023 2022
£ £
Stocks 360,196 125,675
Total 360,196 125,675

FM WHOLESALER FURNITURE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

7. Debtors

2023 2022
£ £
Trade debtors 435,678 155,421
Total 435,678 155,421

FM WHOLESALER FURNITURE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

8. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 255,733 131,781
Total 255,733 131,781

FM WHOLESALER FURNITURE LTD

Notes to the Financial Statements

for the Period Ended 30 September 2023

9. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 345,834 53,423
Total 345,834 53,423