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REGISTERED NUMBER: 13864522 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 January 2024

for

Bliss Wholesale Limited

Bliss Wholesale Limited (Registered number: 13864522)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bliss Wholesale Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs J Taylor
A M Taylor





REGISTERED OFFICE: FFT
Reedham House
31 King Street West
Manchester
Greater Manchester
M3 2PJ





BUSINESS ADDRESS: Locking Stoop Farm
Winwick Lane,
Lowton
WA3 1LS





REGISTERED NUMBER: 13864522 (England and Wales)





ACCOUNTANTS: Freedman Frankl & Taylor
Chartered Accountants
Reedham House
31 King Street West
Manchester
M3 2PJ

Bliss Wholesale Limited (Registered number: 13864522)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 156,762 19,807

CURRENT ASSETS
Stocks 542,983 304,010
Debtors 5 235,202 170,834
Cash at bank and in hand 30,245 58,863
808,430 533,707
CREDITORS
Amounts falling due within one year 6 763,298 534,987
NET CURRENT ASSETS/(LIABILITIES) 45,132 (1,280 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

201,894

18,527

CREDITORS
Amounts falling due after more than one
year

7

(51,985

)

-

PROVISIONS FOR LIABILITIES (33,360 ) (1,424 )
NET ASSETS 116,549 17,103

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 116,449 17,003
116,549 17,103

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Bliss Wholesale Limited (Registered number: 13864522)

Balance Sheet - continued
31 January 2024


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 9 October 2024 and were signed on its behalf by:





A M Taylor - Director


Bliss Wholesale Limited (Registered number: 13864522)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Bliss 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.

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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on cost

Tangible fixed assets are recorded at cost less any tax, discounts and rebates. Subsequently they are recorded at cost less accumulated depreciation and impairment.

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. Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.


Bliss Wholesale Limited (Registered number: 13864522)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued
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.

Going concern
The company's financial statements for the period ended 31 January 2024 have been prepared on a going concern basis as, after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2023 - - 13,125 7,752 20,877
Additions 85,595 14,588 55,957 2,494 158,634
At 31 January 2024 85,595 14,588 69,082 10,246 179,511
DEPRECIATION
At 1 February 2023 - - 875 195 1,070
Charge for year 8,155 995 10,742 1,787 21,679
At 31 January 2024 8,155 995 11,617 1,982 22,749
NET BOOK VALUE
At 31 January 2024 77,440 13,593 57,465 8,264 156,762
At 31 January 2023 - - 12,250 7,557 19,807

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 213,571 164,831
Other debtors 21,631 6,003
235,202 170,834

Bliss Wholesale Limited (Registered number: 13864522)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 14,826 -
Trade creditors 630,022 515,242
Taxation and social security 51,593 6,624
Other creditors 66,857 13,121
763,298 534,987

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts (see note 8) 51,985 -

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Gross obligations repayable:
Within one year 20,206 -
Between one and five years 70,801 -
91,007 -

Finance charges repayable:
Within one year 5,380 -
Between one and five years 18,816 -
24,196 -

Net obligations repayable:
Within one year 14,826 -
Between one and five years 51,985 -
66,811 -

9. RELATED PARTY DISCLOSURES

Included within other creditors is director's current account balance of £6,902 (2023: £4,842). There are no fixed repayment terms and no interest is chargeable to the company in respect of this balance.