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REGISTERED NUMBER: 05307133 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

KDA WHOLESALES LIMITED

KDA WHOLESALES LIMITED (REGISTERED NUMBER: 05307133)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KDA WHOLESALES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: C A Tibble
Miss A J Oglesby





SECRETARY: C A Tibble





REGISTERED OFFICE: Unit 4
Fallbank Industrial Estate
Dodworth
Barnsley
South Yorkshire
S75 3LS





REGISTERED NUMBER: 05307133 (England and Wales)





ACCOUNTANTS: Seaman Herbert & Co
36 - 40 Doncaster Road
Barnsley
South Yorkshire
S70 1TL

KDA WHOLESALES LIMITED (REGISTERED NUMBER: 05307133)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,993,183 2,707,562

CURRENT ASSETS
Stocks 5 1,107,769 908,219
Debtors 6 16,915 15,498
Cash at bank and in hand 1,585,202 831,064
2,709,886 1,754,781
CREDITORS
Amounts falling due within one year 7 444,953 172,501
NET CURRENT ASSETS 2,264,933 1,582,280
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,258,116

4,289,842

PROVISIONS FOR LIABILITIES 8 36,069 29,695
NET ASSETS 5,222,047 4,260,147

CAPITAL AND RESERVES
Called up share capital 9 1 1
Revaluation reserve 10 299,726 -
Retained earnings 4,922,320 4,260,146
SHAREHOLDERS' FUNDS 5,222,047 4,260,147

KDA WHOLESALES LIMITED (REGISTERED NUMBER: 05307133)

BALANCE SHEET - continued
31ST DECEMBER 2023


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

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

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 Profit & Loss Account and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24th July 2024 and were signed on its behalf by:




C A Tibble - Director



Miss A J Oglesby - Director


KDA WHOLESALES LIMITED (REGISTERED NUMBER: 05307133)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023

1. STATUTORY INFORMATION

KDA Wholesales 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.

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 received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 Profit & Loss Account 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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2022 - 23 ) .

KDA WHOLESALES LIMITED (REGISTERED NUMBER: 05307133)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1st January 2023 2,616,910 21,323 165,681
Additions - - -
Revaluations 299,726 - -
At 31st December 2023 2,916,636 21,323 165,681
DEPRECIATION
At 1st January 2023 - 6,093 121,205
Charge for year - 1,467 6,305
At 31st December 2023 - 7,560 127,510
NET BOOK VALUE
At 31st December 2023 2,916,636 13,763 38,171
At 31st December 2022 2,616,910 15,230 44,476

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1st January 2023 34,613 61,983 2,900,510
Additions - 150 150
Revaluations - - 299,726
At 31st December 2023 34,613 62,133 3,200,386
DEPRECIATION
At 1st January 2023 6,890 58,760 192,948
Charge for year 5,143 1,340 14,255
At 31st December 2023 12,033 60,100 207,203
NET BOOK VALUE
At 31st December 2023 22,580 2,033 2,993,183
At 31st December 2022 27,723 3,223 2,707,562

Cost or valuation at 31st December 2023 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2023 299,726 - -
Cost 2,616,910 21,323 165,681
2,916,636 21,323 165,681

KDA WHOLESALES LIMITED (REGISTERED NUMBER: 05307133)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2023 - - 299,726
Cost 34,613 62,133 2,900,660
34,613 62,133 3,200,386

5. STOCKS
2023 2022
£    £   
Stocks 1,107,769 908,219

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors - 2,854
Social security & other taxes 2,584 239
Prepayments 14,331 12,405
16,915 15,498

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 49,722 6,076
Tax 296,052 121,263
VAT 75,873 27,683
Other creditors 1,954 1,300
Directors' current accounts 2,007 3,596
Accrued expenses 19,345 12,583
444,953 172,501

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 36,069 29,695

Deferred
tax
£   
Balance at 1st January 2023 29,695
Provided during year 6,374
Balance at 31st December 2023 36,069

KDA WHOLESALES LIMITED (REGISTERED NUMBER: 05307133)

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

9. CALLED UP SHARE CAPITAL

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

10. RESERVES
Revaluation
reserve
£   
Revaluation in year 299,726

At 31st December 2023 299,726

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C A Tibble.