Registered number
13959176
ALA WHOLESALE LTD
Filleted Accounts
31 March 2024
ALA WHOLESALE LTD
Registered number: 13959176
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 8,400 28,231
Current assets
Stocks 202,232 138,882
Debtors 4 50,813 38,298
Cash at bank and in hand 7,698 4,023
260,743 181,203
Creditors: amounts falling due within one year 5 (247,112) (203,582)
Net current assets/(liabilities) 13,631 (22,379)
Net assets 22,031 5,852
Capital and reserves
Called up share capital 100 100
Profit and loss account 21,931 5,752
Shareholders' funds 22,031 5,852
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Taylan Meral
Director
Approved by the board on 2 December 2024
ALA WHOLESALE LTD
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Vehicle 20% reducing balance
Fixtures, fittings, tools and equipment 20% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2023 - 35,289 35,289
Additions 10,500 - 10,500
Disposals - (28,231) (28,231)
At 31 March 2024 10,500 7,058 17,558
Depreciation
At 1 April 2023 - 7,058 7,058
Charge for the year 2,100 - 2,100
At 31 March 2024 2,100 7,058 9,158
Net book value
At 31 March 2024 8,400 - 8,400
At 31 March 2023 - 28,231 28,231
4 Debtors 2024 2023
£ £
Trade debtors 50,813 38,298
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 174,091 134,954
Taxation and social security costs 17,329 6,857
Other creditors 55,692 61,771
247,112 203,582
6 Controlling party
Mr Taylan Meral
7 Other information
ALA WHOLESALE LTD is a private company limited by shares and incorporated in England. Its registered office is:
Office 5
36 Queensway
Enfield
England
EN3 4SA
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