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REGISTERED NUMBER: 13961659 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

FIN AND FLOUNDER WHOLESALE LTD

FIN AND FLOUNDER WHOLESALE LTD (REGISTERED NUMBER: 13961659)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FIN AND FLOUNDER WHOLESALE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: B O'Sullivan
S Konway





SECRETARY:





REGISTERED OFFICE: Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB





REGISTERED NUMBER: 13961659 (England and Wales)





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

FIN AND FLOUNDER WHOLESALE LTD (REGISTERED NUMBER: 13961659)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 263,074 135,696
Investments 5 47,500 47,500
310,574 183,196

CURRENT ASSETS
Stocks 30,176 -
Debtors 6 394,870 372,468
Cash at bank and in hand 19,905 47,357
444,951 419,825
CREDITORS
Amounts falling due within one year 7 591,685 449,746
NET CURRENT LIABILITIES (146,734 ) (29,921 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

163,840

153,275

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 163,740 153,175
SHAREHOLDERS' FUNDS 163,840 153,275

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

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

FIN AND FLOUNDER WHOLESALE LTD (REGISTERED NUMBER: 13961659)

BALANCE SHEET - continued
31 MAY 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 8 January 2025 and were signed on its behalf by:




B O'Sullivan - Director



S Konway - Director


FIN AND FLOUNDER WHOLESALE LTD (REGISTERED NUMBER: 13961659)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Fin and Flounder Wholesale Ltd 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.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% 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.

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 12 (2023 - 10 ) .

FIN AND FLOUNDER WHOLESALE LTD (REGISTERED NUMBER: 13961659)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 40,000 125,239 4,381 169,620
Additions 156,764 36,000 383 193,147
At 31 May 2024 196,764 161,239 4,764 362,767
DEPRECIATION
At 1 June 2023 8,000 25,048 876 33,924
Charge for year 37,753 27,238 778 65,769
At 31 May 2024 45,753 52,286 1,654 99,693
NET BOOK VALUE
At 31 May 2024 151,011 108,953 3,110 263,074
At 31 May 2023 32,000 100,191 3,505 135,696

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 June 2023
and 31 May 2024 47,500
NET BOOK VALUE
At 31 May 2024 47,500
At 31 May 2023 47,500

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 325,518 354,217
Other debtors 26,836 3,620
VAT 42,516 14,631
394,870 372,468

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 572,134 416,866
Tax 5,568 25,999
Social security and other taxes 10,938 4,352
Other creditors 1,045 529
Accrued expenses 2,000 2,000
591,685 449,746

FIN AND FLOUNDER WHOLESALE LTD (REGISTERED NUMBER: 13961659)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

9. RESERVES
Retained
earnings
£   

At 1 June 2023 153,175
Profit for the year 143,415
Dividends (132,850 )
At 31 May 2024 163,740