IRIS Accounts Production v24.1.0.578 05522535 director 1.8.22 31.7.23 31.7.23 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure055225352022-07-31055225352023-07-31055225352022-08-012023-07-31055225352021-07-31055225352021-08-012022-07-31055225352022-07-3105522535ns16:EnglandWales2022-08-012023-07-3105522535ns15:PoundSterling2022-08-012023-07-3105522535ns11:Director12022-08-012023-07-3105522535ns11:PrivateLimitedCompanyLtd2022-08-012023-07-3105522535ns11:SmallEntities2022-08-012023-07-3105522535ns11:AuditExempt-NoAccountantsReport2022-08-012023-07-3105522535ns11:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3105522535ns11:SmallCompaniesRegimeForAccounts2022-08-012023-07-3105522535ns11:FullAccounts2022-08-012023-07-310552253512022-08-012023-07-3105522535ns11:OrdinaryShareClass12022-08-012023-07-3105522535ns11:RegisteredOffice2022-08-012023-07-3105522535ns6:CurrentFinancialInstruments2023-07-3105522535ns6:CurrentFinancialInstruments2022-07-3105522535ns6:Non-currentFinancialInstruments2023-07-3105522535ns6:Non-currentFinancialInstruments2022-07-3105522535ns6:ShareCapital2023-07-3105522535ns6:ShareCapital2022-07-3105522535ns6:RetainedEarningsAccumulatedLosses2023-07-3105522535ns6:RetainedEarningsAccumulatedLosses2022-07-3105522535ns6:ComputerSoftware2022-08-012023-07-3105522535ns6:PlantMachinery2022-08-012023-07-3105522535ns6:IntangibleAssetsOtherThanGoodwill2022-07-3105522535ns6:IntangibleAssetsOtherThanGoodwill2023-07-3105522535ns6:IntangibleAssetsOtherThanGoodwill2022-07-3105522535ns6:PlantMachinery2022-07-3105522535ns6:PlantMachinery2023-07-3105522535ns6:PlantMachinery2022-07-3105522535ns6:WithinOneYearns6:CurrentFinancialInstruments2023-07-3105522535ns6:WithinOneYearns6:CurrentFinancialInstruments2022-07-3105522535ns6:AfterOneYearns6:Non-currentFinancialInstruments2023-07-3105522535ns6:AfterOneYearns6:Non-currentFinancialInstruments2022-07-3105522535ns6:DeferredTaxation2022-07-3105522535ns6:DeferredTaxation2022-08-012023-07-3105522535ns6:DeferredTaxation2023-07-3105522535ns11:OrdinaryShareClass12023-07-31
REGISTERED NUMBER: 05522535 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

UK WHOLESALE DIRECT LTD

UK WHOLESALE DIRECT LTD (REGISTERED NUMBER: 05522535)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


UK WHOLESALE DIRECT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Ms V A S Knight





REGISTERED OFFICE: Lytchett House
13 Freeland Park
Wareham Road
Poole
Dorset
BH16 6FA





REGISTERED NUMBER: 05522535 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

UK WHOLESALE DIRECT LTD (REGISTERED NUMBER: 05522535)

BALANCE SHEET
31 JULY 2023

31/7/23 31/7/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 45,552 38,356
Tangible assets 5 3,552 6,829
49,104 45,185

CURRENT ASSETS
Stocks 2,000 5,000
Debtors 6 425,885 409,034
Cash at bank 149,169 150,341
577,054 564,375
CREDITORS
Amounts falling due within one year 7 128,512 114,627
NET CURRENT ASSETS 448,542 449,748
TOTAL ASSETS LESS CURRENT
LIABILITIES

497,646

494,933

CREDITORS
Amounts falling due after more than one
year

8

(25,357

)

(29,167

)

PROVISIONS FOR LIABILITIES 9 (888 ) (1,298 )
NET ASSETS 471,401 464,468

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 471,301 464,368
SHAREHOLDERS' FUNDS 471,401 464,468

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 director acknowledges her 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.

UK WHOLESALE DIRECT LTD (REGISTERED NUMBER: 05522535)

BALANCE SHEET - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 April 2024 and were signed by:





Ms V A S Knight - Director


UK WHOLESALE DIRECT LTD (REGISTERED NUMBER: 05522535)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

UK Wholesale Direct 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration receivable and represents the total amount receivable by the company for goods supplied and services provided in the normal course of business, excluding value added tax and trade discounts.

Cryptographic assets
Cryptographic assets represent amounts invested in cryptocurrencies. Investments are initially measured at cost in the financial statements and are subsequently reviewed for impairment. Cryptographic assets are not amortised.

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 - 33% on cost and 15% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

UK WHOLESALE DIRECT LTD (REGISTERED NUMBER: 05522535)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST OR VALUATION
At 1 August 2022 38,356
Impairments 7,196
At 31 July 2023 45,552
NET BOOK VALUE
At 31 July 2023 45,552
At 31 July 2022 38,356

Cost or valuation at 31 July 2023 is represented by:

Other
intangible
assets
£   
Valuation in 2022 (22,214 )
Valuation in 2023 7,196
Cost 60,570
45,552

If had not been revalued would have been included at the following historical cost:

31/7/23 31/7/22
£    £   
Cost 60,570 60,570

UK WHOLESALE DIRECT LTD (REGISTERED NUMBER: 05522535)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022 39,077
Additions 358
At 31 July 2023 39,435
DEPRECIATION
At 1 August 2022 32,248
Charge for year 3,635
At 31 July 2023 35,883
NET BOOK VALUE
At 31 July 2023 3,552
At 31 July 2022 6,829

6. DEBTORS
31/7/23 31/7/22
£    £   
Amounts falling due within one year:
Trade debtors 165,911 159,228
Other debtors - 4,951
165,911 164,179

Amounts falling due after more than one year:
Other debtors 259,974 244,855

Aggregate amounts 425,885 409,034

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/7/23 31/7/22
£    £   
Bank loans and overdrafts 4,288 10,003
Trade creditors 34,068 55,630
Taxation and social security 31,965 21,436
Other creditors 58,191 27,558
128,512 114,627

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/7/23 31/7/22
£    £   
Bank loans 25,357 29,167

UK WHOLESALE DIRECT LTD (REGISTERED NUMBER: 05522535)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

9. PROVISIONS FOR LIABILITIES
31/7/23 31/7/22
£    £   
Deferred tax 888 1,298

Deferred
tax
£   
Balance at 1 August 2022 1,298
Credit to Statement of Income and Retained Earnings during year (410 )
Balance at 31 July 2023 888

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/7/23 31/7/22
value: £    £   
100 Ordinary £1 100 100