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REGISTERED NUMBER: 07724172















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 JULY 2024

FOR

DB WHOLESALE & DISTRIBUTION LIMITED

DB WHOLESALE & DISTRIBUTION LIMITED (REGISTERED NUMBER: 07724172)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


DB WHOLESALE & DISTRIBUTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 July 2024







DIRECTORS: Ms D Vi
B Tran





REGISTERED OFFICE: Thames House, Second Floor
3 Wellington Street
Woolwich
London
SE18 6NY





REGISTERED NUMBER: 07724172





ACCOUNTANTS: Richmond Gatehouse LLP
Thames House, 2nd floor
3 Wellington Street
London
SE18 6NY

DB WHOLESALE & DISTRIBUTION LIMITED (REGISTERED NUMBER: 07724172)

BALANCE SHEET
29 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 62,932 64,158

CURRENT ASSETS
Stocks 777,206 897,608
Debtors 5 1,046,509 1,154,070
Cash at bank and in hand 1,426,715 1,434,803
3,250,430 3,486,481
CREDITORS
Amounts falling due within one year 6 (191,144 ) (303,457 )
NET CURRENT ASSETS 3,059,286 3,183,024
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,122,218

3,247,182

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 8 3,122,216 3,247,180
SHAREHOLDERS' FUNDS 3,122,218 3,247,182

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 July 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.

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 15 April 2025 and were signed on its behalf by:




Ms D Vi - Director


DB WHOLESALE & DISTRIBUTION LIMITED (REGISTERED NUMBER: 07724172)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 July 2024


1. STATUTORY INFORMATION

DB Wholesale & Distribution Limited is a private company, limited by shares , registered in Not specified/Other. 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.
Plant and machinery etc - 25% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

DB WHOLESALE & DISTRIBUTION LIMITED (REGISTERED NUMBER: 07724172)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 July 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 30 July 2023 145,957
Additions 19,750
At 29 July 2024 165,707
DEPRECIATION
At 30 July 2023 81,799
Charge for year 20,976
At 29 July 2024 102,775
NET BOOK VALUE
At 29 July 2024 62,932
At 29 July 2023 64,158

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 586,539 554,953
Other debtors 459,970 599,117
1,046,509 1,154,070

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 165,874 124,287
Taxation and social security 16,989 170,889
Other creditors 8,281 8,281
191,144 303,457

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

DB WHOLESALE & DISTRIBUTION LIMITED (REGISTERED NUMBER: 07724172)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 July 2024


8. RESERVES
Retained
earnings
£   

At 30 July 2023 3,247,180
Profit for the year 47,036
Dividends (172,000 )
At 29 July 2024 3,122,216

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 29 July 2024 and 29 July 2023:

2024 2023
£    £   
Ms D Vi
Balance outstanding at start of year 184,000 -
Amounts advanced - 184,000
Amounts repaid (81,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 103,000 184,000

B Tran
Balance outstanding at start of year 184,000 -
Amounts advanced - 184,000
Amounts repaid (81,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 103,000 184,000