Company registration number 08966102 (England and Wales)
AAP WHOLESALE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
AAP WHOLESALE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
AAP WHOLESALE LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
4,347
6,047
Current assets
Stocks
17,968
21,948
Debtors
4
11,496
20,213
Cash at bank and in hand
39,331
72,051
68,795
114,212
Creditors: amounts falling due within one year
5
(25,954)
(64,521)
Net current assets
42,841
49,691
Total assets less current liabilities
47,188
55,738
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
47,088
55,638
Total equity
47,188
55,738

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 23 February 2025 and are signed on its behalf by:
Mr A P Carr
Director
Company Registration No. 08966102
AAP WHOLESALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information

AAP Wholesale Limited is a private company limited by shares incorporated in England and Wales. The registered office is 20 Cardigan Avenue, Oswaldtwistle, Accrington, Lancashire, BB5 4QL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

The directors are not aware of any material uncertainties affecting the company and consider that the company will have sufficient resources to continue trading for the foreseeable future. On this basis, the directors have continued to adopt a going concern basis in preparing the financial statements. true

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
15% reducing balance
Motor vehicles
25% reducing balance
1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

AAP WHOLESALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.10
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 2 (2023 - 2).

AAP WHOLESALE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 30 SEPTEMBER 2024
- 4 -
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023
18,425
Additions
662
At 30 September 2024
19,087
Depreciation and impairment
At 1 April 2023
12,378
Depreciation charged in the period
2,362
At 30 September 2024
14,740
Carrying amount
At 30 September 2024
4,347
At 31 March 2023
6,047
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
2,372
10,183
Other debtors
9,124
10,030
11,496
20,213
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
10,344
58,390
Other taxation and social security
13,738
4,133
Other creditors
1,872
1,998
25,954
64,521
6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
2024-09-302023-04-01falsefalsefalse24 February 2025CCH SoftwareCCH Accounts Production 2024.310No description of principal activityMr A P CarrMrs V M CarrMr A P Carr2089661022023-04-012024-09-30089661022024-09-30089661022023-03-3108966102core:OtherPropertyPlantEquipment2024-09-3008966102core:OtherPropertyPlantEquipment2023-03-3108966102core:CurrentFinancialInstrumentscore:WithinOneYear2024-09-3008966102core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3108966102core:CurrentFinancialInstruments2024-09-3008966102core:CurrentFinancialInstruments2023-03-3108966102core:ShareCapital2024-09-3008966102core:ShareCapital2023-03-3108966102core:RetainedEarningsAccumulatedLosses2024-09-3008966102core:RetainedEarningsAccumulatedLosses2023-03-3108966102bus:CompanySecretaryDirector12023-04-012024-09-3008966102core:FurnitureFittings2023-04-012024-09-3008966102core:MotorVehicles2023-04-012024-09-3008966102core:OtherPropertyPlantEquipment2023-03-3108966102core:OtherPropertyPlantEquipment2023-04-012024-09-3008966102core:WithinOneYear2024-09-3008966102core:WithinOneYear2023-03-3108966102bus:PrivateLimitedCompanyLtd2023-04-012024-09-3008966102bus:FRS1022023-04-012024-09-3008966102bus:AuditExemptWithAccountantsReport2023-04-012024-09-3008966102bus:Director12023-04-012024-09-3008966102bus:Director22023-04-012024-09-3008966102bus:CompanySecretary12023-04-012024-09-3008966102bus:SmallCompaniesRegimeForAccounts2023-04-012024-09-3008966102bus:FullAccounts2023-04-012024-09-30xbrli:purexbrli:sharesiso4217:GBP