Silverfin false false 28/02/2025 29/02/2024 28/02/2025 Mr C Hewitt 03/09/2007 Mr C Penwell 23/09/1991 Mr D Penwell 23/09/1991 Mr D Penwell 13 June 2025 The principal activity of the Company during the financial year was that of stationery wholesalers. 00527169 2025-02-28 00527169 bus:Director1 2025-02-28 00527169 bus:Director2 2025-02-28 00527169 bus:Director3 2025-02-28 00527169 2024-02-28 00527169 core:CurrentFinancialInstruments 2025-02-28 00527169 core:CurrentFinancialInstruments 2024-02-28 00527169 core:ShareCapital 2025-02-28 00527169 core:ShareCapital 2024-02-28 00527169 core:RetainedEarningsAccumulatedLosses 2025-02-28 00527169 core:RetainedEarningsAccumulatedLosses 2024-02-28 00527169 core:PlantMachinery 2024-02-28 00527169 core:Vehicles 2024-02-28 00527169 core:OfficeEquipment 2024-02-28 00527169 core:PlantMachinery 2025-02-28 00527169 core:Vehicles 2025-02-28 00527169 core:OfficeEquipment 2025-02-28 00527169 bus:OrdinaryShareClass1 2025-02-28 00527169 2024-02-29 2025-02-28 00527169 bus:FilletedAccounts 2024-02-29 2025-02-28 00527169 bus:SmallEntities 2024-02-29 2025-02-28 00527169 bus:AuditExemptWithAccountantsReport 2024-02-29 2025-02-28 00527169 bus:PrivateLimitedCompanyLtd 2024-02-29 2025-02-28 00527169 bus:Director1 2024-02-29 2025-02-28 00527169 bus:Director2 2024-02-29 2025-02-28 00527169 bus:Director3 2024-02-29 2025-02-28 00527169 bus:CompanySecretary1 2024-02-29 2025-02-28 00527169 core:PlantMachinery 2024-02-29 2025-02-28 00527169 core:Vehicles 2024-02-29 2025-02-28 00527169 core:OfficeEquipment 2024-02-29 2025-02-28 00527169 2023-03-01 2024-02-28 00527169 bus:OrdinaryShareClass1 2024-02-29 2025-02-28 00527169 bus:OrdinaryShareClass1 2023-03-01 2024-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: 00527169 (England and Wales)

WHOLESALE STATIONERS (DEVON) LTD

Unaudited Financial Statements
For the financial year ended 28 February 2025
Pages for filing with the registrar

WHOLESALE STATIONERS (DEVON) LTD

Unaudited Financial Statements

For the financial year ended 28 February 2025

Contents

WHOLESALE STATIONERS (DEVON) LTD

BALANCE SHEET

As at 28 February 2025
WHOLESALE STATIONERS (DEVON) LTD

BALANCE SHEET (continued)

As at 28 February 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 3 45,308 57,420
45,308 57,420
Current assets
Stocks 295,994 317,055
Debtors 4 135,388 125,188
Cash at bank and in hand 200,486 178,254
631,868 620,497
Creditors: amounts falling due within one year 5 ( 99,802) ( 106,257)
Net current assets 532,066 514,240
Total assets less current liabilities 577,374 571,660
Net assets 577,374 571,660
Capital and reserves
Called-up share capital 6 2,000 2,000
Profit and loss account 575,374 569,660
Total shareholder's funds 577,374 571,660

For the financial year ending 28 February 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Wholesale Stationers (Devon) Ltd (registered number: 00527169) were approved and authorised for issue by the Board of Directors on 13 June 2025. They were signed on its behalf by:

Mr D Penwell
Director
Mr C Hewitt
Director
WHOLESALE STATIONERS (DEVON) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
WHOLESALE STATIONERS (DEVON) LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2025
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Wholesale Stationers (Devon) Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Brunel Road, Brunel Industrial Estate, Newton Abbot, TQ12 4PB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax. The company recognises revenue based of the value of the goods provided to that date.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery 20 % reducing balance
Vehicles 25 % reducing balance
Office equipment 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic. The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to
another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in
the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 10 11

3. Tangible assets

Plant and machinery Vehicles Office equipment Total
£ £ £ £
Cost
At 29 February 2024 101,700 64,995 136,154 302,849
Additions 0 0 6,231 6,231
Disposals 0 ( 14,158) 0 ( 14,158)
At 28 February 2025 101,700 50,837 142,385 294,922
Accumulated depreciation
At 29 February 2024 101,268 21,806 122,355 245,429
Charge for the financial year 87 9,304 2,979 12,370
Disposals 0 ( 8,185) 0 ( 8,185)
At 28 February 2025 101,355 22,925 125,334 249,614
Net book value
At 28 February 2025 345 27,912 17,051 45,308
At 28 February 2024 432 43,189 13,799 57,420

4. Debtors

2025 2024
£ £
Trade debtors 117,517 108,635
Other debtors 17,871 16,553
135,388 125,188

5. Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 64,426 61,044
Taxation and social security 24,132 30,757
Other creditors 11,244 14,456
99,802 106,257

6. Called-up share capital

2025 2024
£ £
Allotted, called-up and fully-paid
2,000 Ordinary shares of £ 1.00 each 2,000 2,000