Acorah Software Products - Accounts Production 16.2.850 false true 31 March 2023 1 April 2022 false 1 April 2023 31 March 2024 31 March 2024 01557367 Mr Dilaver Khanbhai Mr Khuzema Khanbhai Mrs Rubab Khanbhai Mrs Rubab Khanbhai the directors true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 01557367 2023-03-31 01557367 2024-03-31 01557367 2023-04-01 2024-03-31 01557367 frs-core:CurrentFinancialInstruments 2024-03-31 01557367 frs-core:Non-currentFinancialInstruments 2024-03-31 01557367 frs-core:ComputerEquipment 2024-03-31 01557367 frs-core:ComputerEquipment 2023-04-01 2024-03-31 01557367 frs-core:ComputerEquipment 2023-03-31 01557367 frs-core:FurnitureFittings 2024-03-31 01557367 frs-core:FurnitureFittings 2023-04-01 2024-03-31 01557367 frs-core:FurnitureFittings 2023-03-31 01557367 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 01557367 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-03-31 01557367 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01557367 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-31 01557367 frs-core:MotorVehicles 2024-03-31 01557367 frs-core:MotorVehicles 2023-04-01 2024-03-31 01557367 frs-core:MotorVehicles 2023-03-31 01557367 frs-core:ShareCapital 2024-03-31 01557367 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 01557367 frs-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01557367 frs-bus:FilletedAccounts 2023-04-01 2024-03-31 01557367 frs-bus:SmallEntities 2023-04-01 2024-03-31 01557367 frs-bus:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01557367 frs-bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 01557367 1 2023-04-01 2024-03-31 01557367 frs-bus:Director1 2023-04-01 2024-03-31 01557367 frs-bus:Director2 2023-04-01 2024-03-31 01557367 frs-bus:Director3 2023-04-01 2024-03-31 01557367 frs-bus:CompanySecretary1 2023-04-01 2024-03-31 01557367 frs-core:CurrentFinancialInstruments 1 2024-03-31 01557367 frs-core:CurrentFinancialInstruments 2 2024-03-31 01557367 frs-core:CurrentFinancialInstruments 3 2024-03-31 01557367 frs-countries:EnglandWales 2023-04-01 2024-03-31 01557367 2022-03-31 01557367 2023-03-31 01557367 2022-04-01 2023-03-31 01557367 frs-core:CurrentFinancialInstruments 2023-03-31 01557367 frs-core:Non-currentFinancialInstruments 2023-03-31 01557367 frs-core:ShareCapital 2023-03-31 01557367 frs-core:RetainedEarningsAccumulatedLosses 2023-03-31 01557367 frs-core:CurrentFinancialInstruments 1 2023-03-31 01557367 frs-core:CurrentFinancialInstruments 2 2023-03-31 01557367 frs-core:CurrentFinancialInstruments 3 2023-03-31
Registered number: 01557367
D. K. (Wholesale) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
The Accountancy People Manchester Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 01557367
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 229,059 240,382
229,059 240,382
CURRENT ASSETS
Stocks 5 498,000 461,000
Debtors 6 189,809 220,926
Cash at bank and in hand 15 6,925
687,824 688,851
Creditors: Amounts Falling Due Within One Year 7 (512,927 ) (441,510 )
NET CURRENT ASSETS (LIABILITIES) 174,897 247,341
TOTAL ASSETS LESS CURRENT LIABILITIES 403,956 487,723
Creditors: Amounts Falling Due After More Than One Year 8 (311,772 ) (264,084 )
NET ASSETS 92,184 223,639
CAPITAL AND RESERVES
Called up share capital 9 12 12
Profit and Loss Account 92,172 223,627
SHAREHOLDERS' FUNDS 92,184 223,639
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Khuzema Khanbhai
Director
19 March 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
D. K. (Wholesale) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01557367 . The registered office is 4 Harthill Street, Manchester, M8 8AG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0% straight line
Leasehold 10% straight line
Motor Vehicles 25% reducing balance
Fixtures & Fittings 20% reducing balance
Computer Equipment 33% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 14 (2023: 14)
14 14
4. Tangible Assets
Land & Property
Freehold Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2023 264,913 59,039 60,040 28,113 412,105
Additions - - - 208 208
As at 31 March 2024 264,913 59,039 60,040 28,321 412,313
...CONTINUED
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Depreciation
As at 1 April 2023 53,386 38,924 51,300 28,113 171,723
Provided during the period 4,731 5,029 1,748 23 11,531
As at 31 March 2024 58,117 43,953 53,048 28,136 183,254
Net Book Value
As at 31 March 2024 206,796 15,086 6,992 185 229,059
As at 1 April 2023 211,527 20,115 8,740 - 240,382
5. Stocks
2024 2023
£ £
Finished goods 498,000 461,000
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 43,165 71,230
Other debtors 1,240 -
Other debtors (1) 69,628 65,104
Directors' loan accounts 75,776 84,592
189,809 220,926
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 374,141 336,307
Bank loans and overdrafts 28,404 14,344
Other taxes and social security 5,235 5,762
VAT 28,594 15,113
Net wages 19,770 2,484
Other creditors (1) 50,000 50,000
Other creditors (2) 1,550 1,550
Other creditors (3) 603 854
Accruals and deferred income 4,630 3,300
Directors' loan accounts - 11,796
512,927 441,510
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Directors loan account 311,772 264,084
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 12 12
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10. Related Party Transactions
Included in other debtors is an amount of £45,628 (2023: £65,104) owed to the company by DK Property Ltd. No interest is charged on this amount and there are no fixed terms for repayment.
11. Ultimate Controlling Party
The company's ultimate controlling party is the directors by virtue of their ownership of 100% of the issued share capital in the company.
Page 5