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REGISTERED NUMBER: 11092299 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 December 2023

for

ILSLEYS WHOLESALE SUPPLIES LIMITED

ILSLEYS WHOLESALE SUPPLIES LIMITED (REGISTERED NUMBER: 11092299)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ILSLEYS WHOLESALE SUPPLIES LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: A Ilsley
Mrs J Ilsley
A C Ilsley





REGISTERED OFFICE: 500 Stone Close
West Drayton
Middlesex
UB78JU





REGISTERED NUMBER: 11092299 (England and Wales)





ACCOUNTANTS: Marchant Lewis Limited
105a Caversham Avenue
London
N13 4LL

ILSLEYS WHOLESALE SUPPLIES LIMITED (REGISTERED NUMBER: 11092299)

Balance Sheet
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Stocks 82,431 128,583
Debtors 5 174,727 185,702
Cash at bank and in hand 10,812 14,054
267,970 328,339
CREDITORS
Amounts falling due within one year 6 214,981 300,916
NET CURRENT ASSETS 52,989 27,423
TOTAL ASSETS LESS CURRENT
LIABILITIES

52,989

27,423

CREDITORS
Amounts falling due after more than one year 7 52,213 64,990
NET ASSETS/(LIABILITIES) 776 (37,567 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 676 (37,667 )
SHAREHOLDERS' FUNDS 776 (37,567 )

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

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

ILSLEYS WHOLESALE SUPPLIES LIMITED (REGISTERED NUMBER: 11092299)

Balance Sheet - continued
31 DECEMBER 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 3 September 2024 and were signed on its behalf by:





A Ilsley - Director


ILSLEYS WHOLESALE SUPPLIES LIMITED (REGISTERED NUMBER: 11092299)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Ilsleys Wholesale Supplies 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.

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.
Motor vehicles - 25% 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 Income Statement, 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.

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.

ILSLEYS WHOLESALE SUPPLIES LIMITED (REGISTERED NUMBER: 11092299)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 9,375
DEPRECIATION
At 1 January 2023
and 31 December 2023 9,375
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 146,311 157,286
Other debtors 28,416 28,416
174,727 185,702

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 44,623 45,645
Trade creditors 76,940 110,779
Tax 18,083 23,435
Social security and other taxes 11,153 7,212
Other creditors 64,182 113,845
214,981 300,916

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 2-5 years 52,213 64,990