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REGISTERED NUMBER: 02905241 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

CENTRAL WHOLESALE PRODUCE LIMITED

CENTRAL WHOLESALE PRODUCE LIMITED (REGISTERED NUMBER: 02905241)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CENTRAL WHOLESALE PRODUCE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: R P Walker
P W Batson
J W Hearn





REGISTERED OFFICE: Entrance A
Unit 16 Kingsnorth Industrial Estate
Rochester
Kent
ME3 9ND





REGISTERED NUMBER: 02905241 (England and Wales)





ACCOUNTANTS: George & Co.
Chartered Accountants
44a Joy Lane
Whitstable
Kent
CT5 4LT

CENTRAL WHOLESALE PRODUCE LIMITED (REGISTERED NUMBER: 02905241)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 12,923 20,907

CURRENT ASSETS
Stocks 8,847 6,207
Debtors 5 79,408 68,754
Cash at bank and in hand 880 14,002
89,135 88,963
CREDITORS
Amounts falling due within one year 6 172,093 106,866
NET CURRENT LIABILITIES (82,958 ) (17,903 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(70,035

)

3,004

CREDITORS
Amounts falling due after more than one
year

7

(30,838

)

(39,936

)

PROVISIONS FOR LIABILITIES (3,972 ) (3,972 )
NET LIABILITIES (104,845 ) (40,904 )

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 8 (104,947 ) (41,006 )
SHAREHOLDERS' FUNDS (104,845 ) (40,904 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

CENTRAL WHOLESALE PRODUCE LIMITED (REGISTERED NUMBER: 02905241)

BALANCE SHEET - continued
30 JUNE 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 11 April 2025 and were signed on its behalf by:





R P Walker - Director


CENTRAL WHOLESALE PRODUCE LIMITED (REGISTERED NUMBER: 02905241)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Central Wholesale Produce Limited 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.

Going concern
At 30th June 2024 the company had net liabilities of £104,849 (2023 - net liabilities of £40,904). After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

The directors believe that the company will be able to continue to meet its financial obligations, as and when they fall due and therefore the financial statements have been prepared on the going concern basis.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% 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.

CENTRAL WHOLESALE PRODUCE LIMITED (REGISTERED NUMBER: 02905241)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 7 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 57,000
Additions 6,975
Disposals (24,700 )
At 30 June 2024 39,275
DEPRECIATION
At 1 July 2023 36,093
Charge for year 3,308
Eliminated on disposal (13,049 )
At 30 June 2024 26,352
NET BOOK VALUE
At 30 June 2024 12,923
At 30 June 2023 20,907

CENTRAL WHOLESALE PRODUCE LIMITED (REGISTERED NUMBER: 02905241)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023 17,500
Disposals (17,500 )
At 30 June 2024 -
DEPRECIATION
At 1 July 2023 10,117
Eliminated on disposal (10,117 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 7,383

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 73,404 60,788
Other debtors 6,004 7,966
79,408 68,754

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 39,678 6,215
Hire purchase contracts - 3,376
Trade creditors 129,027 91,610
Taxation and social security 2,556 3,164
Other creditors 832 2,501
172,093 106,866

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 30,838 33,615
Hire purchase contracts - 6,321
30,838 39,936

CENTRAL WHOLESALE PRODUCE LIMITED (REGISTERED NUMBER: 02905241)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. RESERVES
Retained
earnings
£   

At 1 July 2023 (41,006 )
Deficit for the year (63,941 )
At 30 June 2024 (104,947 )