7247693falsewholesaler of food and cleaning materials2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2023-03-31http://www.companieshouse.gov.uk/cd:Director12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2023-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2023-03-31http://www.companieshouse.gov.uk/pt:CommercialMotorVehicles2024-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2023-03-31http://www.companieshouse.gov.uk/pt:FurnitureFittings2024-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12023-04-012024-03-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2024-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2023-04-012024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2023-03-31http://www.companieshouse.gov.uk/2023-04-012024-03-31http://www.companieshouse.gov.uk/2023-03-31http://www.companieshouse.gov.uk/cd:FRS1022023-04-012024-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2023-04-012024-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2023-04-012024-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 7247693

Y & C Wholesale Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024

Prepared By:
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

Y & C Wholesale Limited

ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
DIRECTORS
C Kahan
REGISTERED OFFICE
49 Mowbray Road
Edgware
Middlesex
HA8 8JL
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 7247693
BANKERS
HSBC
ACCOUNTANTS
Albeck Limited
Chartered Accountants
49 Mowbray Road
Edgware
Middlesex
HA8 8JL

Y & C Wholesale Limited

ACCOUNTS
FOR THEYEARENDED31/03/2024
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Y & C Wholesale Limited

BALANCE SHEET AT 31/03/2024
20242023
Notes££
FIXED ASSETS
Tangible assets2200,705163,239
CURRENT ASSETS
Stock1,131,2191,119,168
Debtors41,259,9571,113,754
Cash at bank and in hand13,23888,197
2,404,4142,321,119
CREDITORS: Amounts falling due within one year5512,067519,992
NET CURRENT ASSETS1,892,3471,801,127
TOTAL ASSETS LESS CURRENT LIABILITIES2,093,0521,964,366
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account2,092,9521,964,266
SHAREHOLDERS' FUNDS2,093,0521,964,366
For the year ending 31/03/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 13/11/2024 and signed on their behalf by
.............................
C Kahan
Director

Y & C Wholesale Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Commercial Vehiclesreducing balance 25%
Fixtures and Fittingsreducing balance 15%
Equipmentreducing balance 33%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Leases
Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

Y & C Wholesale Limited

2. TANGIBLE FIXED ASSETS
CommercialFixtures
Vehiclesand FittingsEquipmentTotal
££££
Cost
At 01/04/2023116,58738,266225,534380,387
Additions9,67069,73537,108116,513
At 31/03/2024126,257108,001262,642496,900
Depreciation
At 01/04/202354,2619,567153,320217,148
For the year17,99924,60836,44079,047
At 31/03/202472,26034,175189,760296,195
Net Book Amounts
At 31/03/202453,99773,82672,882200,705
At 31/03/202362,32628,69972,214163,239
3. STOCK 20242023
££
Stock comprises:
Stock1,131,2191,119,168
1,131,2191,119,168
4. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors596,249511,832
Other debtors663,708601,922
1,259,9571,113,754
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax43,81088,498
VAT40,88039,604
Trade creditors233,771234,384
Other creditors192,206156,306
Accruals1,4001,200
512,067519,992

Y & C Wholesale Limited

6. EMPLOYEES
20242023
No.No.
Average number of employees2119
7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100
8. CONTROLLING PARTY
The company is controlled by C Kahan, the director, by virtue of the fact that, together with his spouse, he owns 100% of the company's issued and called up voting share capital.
9. RELATED PARTY TRANSACTIONS
During the year, certain loans were made to the company by the director. At the year end, the balance due to the director totalled £40,000 (2023: £1,558). The loan is interest free and repayable on demand.
During the year, dividends of £20,000 (2023: £20,000) each were paid to the director and his spouse, totalling £40,000 (2023: £40,000).