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REGISTERED NUMBER: 12923295 (England and Wales)













Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 December 2023

for

A.R. Wholesale Limited

A.R. Wholesale Limited (Registered number: 12923295)






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




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Statement of Comprehensive Income 8

Balance Sheet 9

Statement of Changes in Equity 10

Cash Flow Statement 11

Notes to the Cash Flow Statement 12

Notes to the Financial Statements 13


A.R. Wholesale Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M D M Jones
Miss H Thompson





REGISTERED OFFICE: 1 Mount Pleasant Way Stokesley Business
Stokesley
Middlesbrough
Cleveland
TS9 5NZ





REGISTERED NUMBER: 12923295 (England and Wales)





AUDITORS: Anderson Barrowcliff LLP
Statutory Auditors
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

A.R. Wholesale Limited (Registered number: 12923295)

Strategic Report
for the Year Ended 31 December 2023

The directors present their strategic report for the year ended 31 December 2023.

REVIEW OF BUSINESS
The company continues to seek growth and to capitalise on economies of scale. The results for the year show turnover has increased to £38,218,588 from £33,746,181 in 2022, the growth is mainly due to rises in supplier prices. Gross profit margin remains consistent with the prior year at 17.9% (2022: 19.3%) and overall pre-tax profit of £759,573 (2022: £737,350) is considered satisfactory by the directors.

PRINCIPAL RISKS AND UNCERTAINTIES
The company continues to diversify its operations and is not solely dependent upon the UK agriculture industry. As a result the directors feel that there is no single customer or supplier, the loss of which would seriously affect the business.

KEY PERFORMANCE INDICATORS
Given the straightforward nature of the business, the Company's directors are of the opinion that analysis using KPIs is not necessary for an understanding of the development, performance or position of the entity, and that all relevant financial information has been disclosed within the financial statements.

ON BEHALF OF THE BOARD:





M D M Jones - Director


18 April 2024

A.R. Wholesale Limited (Registered number: 12923295)

Report of the Directors
for the Year Ended 31 December 2023

The directors present their report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITIES
The principal activities of the company in the year under review were those of pet and equine wholesaler and rental of containers.

DIVIDENDS
No dividends will be distributed for the year ended 31 December 2023.

FUTURE DEVELOPMENTS
The company expects to continue to improve efficiency and achieve economies of scale.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

M D M Jones
Miss H Thompson

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

A.R. Wholesale Limited (Registered number: 12923295)

Report of the Directors
for the Year Ended 31 December 2023


AUDITORS
The auditors, Anderson Barrowcliff LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:




M D M Jones - Director


18 April 2024

Report of the Independent Auditors to the Members of
A.R. Wholesale Limited

Opinion
We have audited the financial statements of A.R. Wholesale Limited (the 'company') for the year ended 31 December 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2023 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Report of the Independent Auditors to the Members of
A.R. Wholesale Limited


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Based on our understanding of the industry, we have considered applicable laws and regulations which may be fundamental to the company's ability to operate or to avoid a material penalty, and we considered the extent to which non-compliance might have a material effect on the financial statements. We considered management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to the posting of inappropriate manual journal entries to manipulate financial performance, management bias in significant accounting estimates and any significant one-off or unusual transactions.

We discussed among the audit engagement team the opportunities and incentives that may exist within the organisation for fraud and how and where fraud might occur in the financial statements.


Report of the Independent Auditors to the Members of
A.R. Wholesale Limited


Audit procedures performed by the engagement team included:

- Enquiry of management, those charged with governance and the entity's solicitors around actual and potential
litigation and claims.
- Enquiry of entity staff to identify any instances of non-compliance with laws and regulations.
- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with
applicable laws and regulations.
- Auditing the risk of management override of controls, including through testing journal entries and other
adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the
normal course of business.
- Challenging estimates and judgements made by management in their significant accounting estimates.
- Revenue recognition; agreeing a sample of revenue transactions to gain assurance over the occurrence and
accuracy of revenue and also to ensure revenue has been recognised in the correct period.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Helen Wilson FCA (Senior Statutory Auditor)
for and on behalf of Anderson Barrowcliff LLP
Statutory Auditors
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

19 April 2024

A.R. Wholesale Limited (Registered number: 12923295)

Statement of Comprehensive
Income
for the Year Ended 31 December 2023

2023 2022
Notes £    £    £    £   

TURNOVER 3 38,218,588 33,746,181

Cost of sales 31,369,909 27,239,183
GROSS PROFIT 6,848,679 6,506,998

Distribution costs 1,439,328 1,597,818
Administrative expenses 4,692,400 4,244,808
6,131,728 5,842,626
716,951 664,372

Other operating income 68,798 94,866
OPERATING PROFIT 785,749 759,238

Interest receivable and similar income 2,880 -
788,629 759,238

Interest payable and similar expenses 6 29,056 21,888
PROFIT BEFORE TAXATION 7 759,573 737,350

Tax on profit 8 204,134 143,664
PROFIT FOR THE FINANCIAL YEAR 555,439 593,686

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

555,439

593,686

A.R. Wholesale Limited (Registered number: 12923295)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 9 84,835 -
Tangible assets 10 1,869,772 1,405,729
1,954,607 1,405,729

CURRENT ASSETS
Stocks 11 2,279,630 1,615,752
Debtors 12 2,626,069 2,520,160
Cash at bank and in hand 1,003,174 1,615,424
5,908,873 5,751,336
CREDITORS
Amounts falling due within one year 13 5,433,342 5,657,270
NET CURRENT ASSETS 475,531 94,066
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,430,138

1,499,795

CREDITORS
Amounts falling due after more than one
year

14

(340,513

)

(220,309

)

PROVISIONS FOR LIABILITIES 17 (254,700 ) -
NET ASSETS 1,834,925 1,279,486

CAPITAL AND RESERVES
Called up share capital 18 180 180
Retained earnings 19 1,834,745 1,279,306
SHAREHOLDERS' FUNDS 1,834,925 1,279,486

The financial statements were approved by the Board of Directors and authorised for issue on 18 April 2024 and were signed on its behalf by:





M D M Jones - Director


A.R. Wholesale Limited (Registered number: 12923295)

Statement of Changes in Equity
for the Year Ended 31 December 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2022 180 685,620 685,800

Changes in equity
Total comprehensive income - 593,686 593,686
Balance at 31 December 2022 180 1,279,306 1,279,486

Changes in equity
Total comprehensive income - 555,439 555,439
Balance at 31 December 2023 180 1,834,745 1,834,925

A.R. Wholesale Limited (Registered number: 12923295)

Cash Flow Statement
for the Year Ended 31 December 2023

2023 2022
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 611,429 1,350,257
Interest paid (4,639 ) (11 )
Interest element of hire purchase payments
paid

(24,417

)

(21,877

)
Tax paid (178,934 ) (138,414 )
Net cash from operating activities 403,439 1,189,955

Cash flows from investing activities
Purchase of intangible fixed assets (84,835 ) -
Purchase of tangible fixed assets (914,791 ) (1,018,722 )
Sale of tangible fixed assets 11,250 35,800
Interest received 2,880 -
Net cash from investing activities (985,496 ) (982,922 )

Cash flows from financing activities
New HP loans in year 359,658 254,788
Capital repayments in year (231,023 ) (218,063 )
Related party financing (158,828 ) 112,129
Net cash from financing activities (30,193 ) 148,854

(Decrease)/increase in cash and cash equivalents (612,250 ) 355,887
Cash and cash equivalents at beginning of
year

2

1,615,424

1,259,537

Cash and cash equivalents at end of year 2 1,003,174 1,615,424

A.R. Wholesale Limited (Registered number: 12923295)

Notes to the Cash Flow Statement
for the Year Ended 31 December 2023

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS
2023 2022
£    £   
Profit before taxation 759,573 737,350
Depreciation charges 446,862 397,668
Profit on disposal of fixed assets (7,364 ) (34,336 )
Finance costs 29,056 21,888
Finance income (2,880 ) -
1,225,247 1,122,570
Increase in stocks (663,878 ) (390,618 )
Decrease/(increase) in trade and other debtors 18,638 (460,156 )
Increase in trade and other creditors 31,422 1,078,461
Cash generated from operations 611,429 1,350,257

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2023
31.12.23 1.1.23
£    £   
Cash and cash equivalents 1,003,174 1,615,424
Year ended 31 December 2022
31.12.22 1.1.22
£    £   
Cash and cash equivalents 1,615,424 1,259,537


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.23 Cash flow At 31.12.23
£    £    £   
Net cash
Cash at bank and in hand 1,615,424 (612,250 ) 1,003,174
1,615,424 (612,250 ) 1,003,174
Debt
Finance leases (348,732 ) (128,635 ) (477,367 )
(348,732 ) (128,635 ) (477,367 )
Total 1,266,692 (740,885 ) 525,807

A.R. Wholesale Limited (Registered number: 12923295)

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

1. STATUTORY INFORMATION

A.R. Wholesale Limited 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.

The nature of the Company's operations and principal activities are set out in the Report of the Directors on page 3.

The financial statements are prepared in Sterling which is the functional currency of the company rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction can be measured reliably. This is usually on the dispatch of the goods.

Sale of services
When the outcome of a transaction can be estimated reliably, turnover from hire of containers is recognised in the period the hire of container related.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - Straight line over 15 years
Plant and machinery - 33% on cost and 20% on cost
Containers - 20% on cost
Motor vehicles - 20% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first in, first out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.


A.R. Wholesale Limited (Registered number: 12923295)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme and a defined benefit scheme. Contributions payable to the company's pension scheme's are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss in administrative expenses.

Judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period of the revision, if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.

A.R. Wholesale Limited (Registered number: 12923295)

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

3. TURNOVER

The turnover and profit before taxation are attributable to the principal activities of the company.

An analysis of turnover by class of business is given below:

2023 2022
£    £   
Sales of goods 37,885,138 33,427,525
Sales of services 333,450 318,656
38,218,588 33,746,181

4. EMPLOYEES AND DIRECTORS

20232022
££
Wages and salaries2,207,2751,984,707
Social security costs189,251175,656
Other pension costs - Defined contribution scheme65,54457,986
Other pension costs - Defined benefit scheme 354,400492,400
2,816,4702,710,749

The average number of employees during the year was as follows:
20232022

Directors22
Sales and administration7675
7877

5. DIRECTORS' EMOLUMENTS

2023 2022
£ £
Directors' remuneration 35,571 45,067
Directors' pension contributions to pension schemes 176,997 145,945

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 1 1
Defined benefit schemes 1 1

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2023 2022
£    £   
Bank loan interest 643 11
Corporation tax interest 3,996 -
Hire purchase 24,417 21,877
29,056 21,888

A.R. Wholesale Limited (Registered number: 12923295)

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

7. PROFIT BEFORE TAXATION

The profit is stated after charging/(crediting):

2023 2022
£    £   
Depreciation - owned assets 239,970 175,813
Depreciation - assets on hire purchase contracts 206,892 221,855
Profit on disposal of fixed assets (7,364 ) (34,336 )
Auditors remuneration 21,013 15,624

8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2023 2022
£    £   
Current tax:
UK corporation tax (49,500 ) 180,000
(Over)/under provision in
previous year (1,066 ) 1,414
Total current tax (50,566 ) 181,414

Deferred taxation 254,700 (37,750 )
Tax on profit 204,134 143,664

UK corporation tax has been charged at 25% (2022 - 19%).

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2023 2022
£    £   
Profit before tax 759,573 737,350
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2022 - 19%)

189,893

140,097

Effects of:
Expenses not deductible for tax purposes 10,492 2,238
Adjustments to tax charge in respect of previous periods (1,066 ) 1,414
Overprovision of current year tax charge - 761
Capital allowances super-deduction (7,697 ) (24,022 )
Deferred tax asset movements (31,154 ) 22,226
Other adjustments 154 950
Losses carried back charged at 19% 22,360 -
Group relief 21,152 -
Total tax charge 204,134 143,664

There is no expiry date on timing differences, unused tax losses or tax credits.

A.R. Wholesale Limited (Registered number: 12923295)

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

9. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
Additions 84,835
At 31 December 2023 84,835
NET BOOK VALUE
At 31 December 2023 84,835

10. TANGIBLE FIXED ASSETS
Short Plant and Motor
leasehold machinery Containers vehicles Totals
£    £    £    £    £   
COST
At 1 January 2023 578,646 412,629 268,442 956,326 2,216,043
Additions - 113,326 19,940 781,525 914,791
Disposals - (55,577 ) - (2,844 ) (58,421 )
Reclassification/transfer - 25,477 (25,477 ) - -
At 31 December 2023 578,646 495,855 262,905 1,735,007 3,072,413
DEPRECIATION
At 1 January 2023 5,599 171,885 96,780 536,050 810,314
Charge for year 38,578 88,093 55,570 264,621 446,862
Eliminated on disposal - (51,691 ) - (2,844 ) (54,535 )
Reclassification/transfer - 9,636 (9,636 ) - -
At 31 December 2023 44,177 217,923 142,714 797,827 1,202,641
NET BOOK VALUE
At 31 December 2023 534,469 277,932 120,191 937,180 1,869,772
At 31 December 2022 573,047 240,744 171,662 420,276 1,405,729

A.R. Wholesale Limited (Registered number: 12923295)

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

10. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023 673,302
Additions 398,059
At 31 December 2023 1,071,361
DEPRECIATION
At 1 January 2023 323,775
Charge for year 206,892
At 31 December 2023 530,667
NET BOOK VALUE
At 31 December 2023 540,694
At 31 December 2022 349,527

11. STOCKS
2023 2022
£    £   
Goods for resale 2,279,630 1,615,752

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,032,544 2,021,318
Amounts owed by participating interests 333,253 258,206
Other debtors 108,853 108,813
Taxation 49,500 -
VAT 38,939 70,314
Prepayments 62,980 61,509
2,626,069 2,520,160

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 15) 136,854 128,423
Trade creditors 5,000,139 4,453,174
Amounts owed to group undertakings 24,063 72,891
Amounts owed to participating interests - 34,953
Taxation - 180,000
Social security and other taxes 99,979 86,650
Other creditors 23,112 530,176
Accrued expenses 149,195 171,003
5,433,342 5,657,270

A.R. Wholesale Limited (Registered number: 12923295)

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

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Hire purchase contracts (see note 15) 340,513 220,309

15. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year 136,854 128,423
Between one and five years 340,513 220,309
477,367 348,732

16. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 477,367 348,732

The company has a bank overdraft facility which is secured by a debenture charge over the fixed and floating assets of the Company.

The hire purchase contracts are secured over the assets to which they relate.

17. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred taxation 254,700 -

Deferred
tax
£   
Charge to Statement of Comprehensive Income during year 254,700
Balance at 31 December 2023 254,700

18. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
180 Ordinary £1 180 180

A.R. Wholesale Limited (Registered number: 12923295)

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

19. RESERVES
Retained
earnings
£   

At 1 January 2023 1,279,306
Profit for the year 555,439
At 31 December 2023 1,834,745

Retained earnings
The profit and loss account represents cumulative profits and losses net of dividends and other adjustments.

20. EMPLOYEE BENEFIT OBLIGATIONS

The company operates a defined benefit small self-administered scheme for the directors and employees. The company's contributions are charged against profits in the year in which contributions are made. The scheme uses the 'Accrued Benefits' funding method. Under this approach the contribution is the amount that needs to be paid to enable the scheme to pay the benefits due to the member. This is the discounted value using the assumptions below of the pension payments. The promised benefits are fully funded at the outset and there is no spreading of the contributions over a future period of time.

The assumptions used in the actuarial report for accrual of new benefits are:
-Investment Return Pre-retirement2.5% per annum
-Investment Return Post-retirement2% per annum
-Increases to Pensions in Payment2.5% per annum
-Mortality for pensionersBase table is PNXA00 with mortality improvements using
medium cohort with 1% underpin
-Retirements100% at Normal Pension Date
-WithdrawalsNil allowance
-Expense Allowance8% of contributions

In assessing the long term cost of a pension scheme certain assumptions must be made. Owing to the small number of Members in the Scheme no allowance has been made for the possibility of a Member withdrawing from service or retiring before attaining the Normal Pension Age nor for the option to take lump sum at the date of retirement in lieu of pension income. No allowance is made for the member dying before taking benefits.

Defined contribution scheme

The Company operates a defined contribution scheme for its directors and staff. The charge for the period amounted to £65,544 (2022: £57,986). The amount outstanding at 31 December 2023 was £13,056 (2022: £11,274).

21. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements 260,818 -

A.R. Wholesale Limited (Registered number: 12923295)

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

22. RELATED PARTY DISCLOSURES







Sales



Purchases

Management
chargesIncome
/(expenditure)


Rental
Income
Outstanding
balances due
to/(from) the
Company
£ £ £ £ £
Entities over which the Company
has control, joint influence or
significant influence


At 31 December 2023 - - (402,000 ) - (24,063 )
At 31 December 2022 - - (402,000 ) - (72,891 )

Other related parties
At 31 December 2023 2,921,890 10,006 40,000 29,250 333,253
At 31 December 2022 2,864,384 761,281 70,000 43,750 223,206

Outstanding balances due to the Company are unsecured and undertaken on normal commercial terms.

Blue Barn Group Limited has provided security to A.R. Wholesale Limited for its bank overdraft by providing a guarantee for £1million. This is supported by a Freehold 1st legal charge over Mount Pleasant Way, Stokesley and debenture.

23. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr M Jones and Mrs A Jones by virtue of their 90% shareholding in the immediate and ultimate parent company, Blue Barn Group Limited. These financial statements are included in the consolidated financial statements of Blue Barn Group Limited. The parent's registered office address is the same as A.R. Wholesale Limited as detailed on the Company Information page.