Acorah Software Products - Accounts Production 16.2.850 false true 31 August 2023 1 September 2022 false 1 September 2023 31 August 2024 31 August 2024 08165662 Mr Selim Belkhodja true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08165662 2023-08-31 08165662 2024-08-31 08165662 2023-09-01 2024-08-31 08165662 frs-core:CurrentFinancialInstruments 2024-08-31 08165662 frs-core:ShareCapital 2024-08-31 08165662 frs-core:RetainedEarningsAccumulatedLosses 2024-08-31 08165662 frs-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 08165662 frs-bus:FilletedAccounts 2023-09-01 2024-08-31 08165662 frs-bus:SmallEntities 2023-09-01 2024-08-31 08165662 frs-bus:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 08165662 frs-bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 08165662 1 2023-09-01 2024-08-31 08165662 frs-bus:Director1 2023-09-01 2024-08-31 08165662 frs-core:CurrentFinancialInstruments 1 2024-08-31 08165662 frs-core:CurrentFinancialInstruments 2 2024-08-31 08165662 frs-countries:EnglandWales 2023-09-01 2024-08-31 08165662 2022-08-31 08165662 2023-08-31 08165662 2022-09-01 2023-08-31 08165662 frs-core:CurrentFinancialInstruments 2023-08-31 08165662 frs-core:ShareCapital 2023-08-31 08165662 frs-core:RetainedEarningsAccumulatedLosses 2023-08-31 08165662 frs-core:CurrentFinancialInstruments 1 2023-08-31 08165662 frs-core:CurrentFinancialInstruments 2 2023-08-31
Registered number: 08165662
Naturewholesale Limited
Unaudited Financial Statements
For The Year Ended 31 August 2024
Adbell International Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 08165662
2024 2023
Notes
CURRENT ASSETS
Debtors 4 1,408 6,102
Cash at bank and in hand 2,085,337 1,769,186
2,086,745 1,775,288
Creditors: Amounts Falling Due Within One Year 5 (1,362,561 ) (1,302,950 )
NET CURRENT ASSETS (LIABILITIES) 724,184 472,338
TOTAL ASSETS LESS CURRENT LIABILITIES 724,184 472,338
NET ASSETS 724,184 472,338
CAPITAL AND RESERVES
Called up share capital 6 1,272 1,272
Profit and Loss Account 722,912 471,066
SHAREHOLDERS' FUNDS 724,184 472,338
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Selim Belkhodja
Director
14/05/2025
The notes on pages 2 to 3 form part of these financial statements.
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Page 2
Notes to the Financial Statements
1. General Information
Naturewholesale Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08165662 . The registered office is Birchin Court, 20 Birchin Lane, London, EC3V 9DJ.
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. Financial Instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual
provisions of the instrument.
Financial assets and financial liabilities are recognised initially at fair value and subsequently measured at amortised
cost using the effective interest method. Financial assets are reduced for provision, for impairment, if require
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into euro at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. 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.
2.6. SECURED DEBTS
The company signed an agreement with BNP Paribas Commercial Finance Limited for the factoring or discounting
of Debts on 27 October 2014, which contains fixed charges, floating charge covers all property or undertaking of the
company, and negative pledge.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Debtors
2024 2023
Due within one year
Prepayments and accrued income - 4,830
VAT 136 -
Called up share capital not paid 1,272 1,272
1,408 6,102
5. Creditors: Amounts Falling Due Within One Year
2024 2023
Trade creditors 781 1,773
Corporation tax 48,973 -
Other taxes and social security 4,465 -
Other creditors 1,299,186 1,299,186
Shareholder Loan 362 362
Salaries control 7,130 -
Accruals and deferred income 1,664 1,629
1,362,561 1,302,950
6. Share Capital
2024 2023
Called Up Share Capital not Paid 1,272 1,272
Amount of Allotted, Called Up Share Capital 1,272 1,272
1,000 Ordinary Shares of £1.00 each
7. Ultimate Controlling Party
The company's ultimate controlling party is Selim Belkhodja.
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