FORTUNE WHOLESALES LIMITED

Company Registration Number:
11271199 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 1 April 2023

End date: 31 March 2024

FORTUNE WHOLESALES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

FORTUNE WHOLESALES LIMITED

Profit And Loss Account

for the Period Ended 31 March 2024

2024 2023


£

£
Turnover: 7,392,613 6,180,226
Cost of sales: ( 4,764,915 ) ( 4,184,264 )
Gross profit(or loss): 2,627,698 1,995,962
Distribution costs: ( 308,491 ) ( 224,174 )
Administrative expenses: ( 511,673 ) ( 426,587 )
Operating profit(or loss): 1,807,534 1,345,201
Profit(or loss) before tax: 1,807,534 1,345,201
Tax: ( 451,883 ) ( 255,588 )
Profit(or loss) for the financial year: 1,355,651 1,089,613

FORTUNE WHOLESALES LIMITED

Balance sheet

As at 31 March 2024

Notes 2024 2023


£

£
Fixed assets
Tangible assets: 3 1,489,620 1,253,479
Total fixed assets: 1,489,620 1,253,479
Current assets
Stocks: 4 1,985,424 1,225,458
Debtors: 5 2,066,151 985,875
Cash at bank and in hand: 623,154 623,154
Total current assets: 4,674,729 2,834,487
Creditors: amounts falling due within one year: 6 ( 1,132,058 ) ( 411,326 )
Net current assets (liabilities): 3,542,671 2,423,161
Total assets less current liabilities: 5,032,291 3,676,640
Total net assets (liabilities): 5,032,291 3,676,640
Capital and reserves
Called up share capital: 130,000 130,000
Profit and loss account: 4,902,291 3,546,640
Total Shareholders' funds: 5,032,291 3,676,640

The notes form part of these financial statements

FORTUNE WHOLESALES LIMITED

Balance sheet statements

For the year ending 31 March 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.

This report was approved by the board of directors on 11 November 2024
and signed on behalf of the board by:

Name: Amran Khan
Status: Director

The notes form part of these financial statements

FORTUNE WHOLESALES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

FORTUNE WHOLESALES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees

    2024 2023
    Average number of employees during the period 16 13

FORTUNE WHOLESALES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2023 911,556 151,516 84,493 62,336 236,125 1,446,026
Additions 60,085 15,310 141,577 255,898 472,870
Disposals
Revaluations
Transfers
At 31 March 2024 911,556 211,601 99,803 203,913 492,023 1,918,896
Depreciation
At 1 April 2023 40,898 31,861 27,545 92,243 192,547
Charge for year 42,320 19,960 40,782 133,667 236,729
On disposals
Other adjustments
At 31 March 2024 83,218 51,821 68,327 225,910 429,276
Net book value
At 31 March 2024 911,556 128,383 47,982 135,586 266,113 1,489,620
At 31 March 2023 911,556 110,618 52,632 34,791 143,882 1,253,479

FORTUNE WHOLESALES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Stocks

2024 2023
£ £
Stocks 1,985,424 1,225,458
Total 1,985,424 1,225,458

FORTUNE WHOLESALES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Debtors

2024 2023
£ £
Trade debtors 2,066,151 985,875
Total 2,066,151 985,875

FORTUNE WHOLESALES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Creditors: amounts falling due within one year note

2024 2023
£ £
Trade creditors 680,175 155,738
Taxation and social security 451,883 255,588
Total 1,132,058 411,326