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Registration number: 5503618

Aromas Wholesale Ltd

Annual Report and Unaudited Financial Statements

For The Year Ended 31 March 2025

 

Aromas Wholesale Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Aromas Wholesale Ltd

(Registration number: 5503618)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

           

Fixed assets

   

 

Tangible assets

4

 

2,291

 

3,056

Current assets

   

 

Stocks

5

68,879

 

78,505

 

Debtors

6

169,562

 

110,896

 

Cash at bank and in hand

 

43,860

 

64,310

 

 

282,301

 

253,711

 

Creditors: Amounts falling due within one year

7

(157,810)

 

(166,918)

 

Net current assets

   

124,491

 

86,793

Total assets less current liabilities

   

126,782

 

89,849

Provisions for liabilities

 

(573)

 

(764)

Net assets

   

126,209

 

89,085

Capital and reserves

   

 

Called up share capital

99

 

99

 

Profit and loss account

126,110

 

88,986

 

Total equity

   

126,209

 

89,085

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 July 2025
 

.........................................
Mr J. Adams
Director

 

Aromas Wholesale Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
34 Wellington Street
Leeds
LS1 2DE
England

These financial statements were authorised for issue by the director on 9 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the company.

 

Aromas Wholesale Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% Reducing balance

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. 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.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 6 (2024 - 6).

 

Aromas Wholesale Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2024

90,792

90,792

At 31 March 2025

90,792

90,792

Depreciation

At 1 April 2024

87,736

87,736

Charge for the year

765

765

At 31 March 2025

88,501

88,501

Carrying amount

At 31 March 2025

2,291

2,291

At 31 March 2024

3,056

3,056

5

Stocks

2025
£

2024
£

Finished goods and goods for resale

68,879

78,505

6

Debtors

Debtors: amounts falling due within one year

2025
£

2024
£

Trade debtors

150,484

106,944

Prepayments

18,078

2,852

Other debtors

1,000

1,100

 

169,562

110,896

7

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Trade creditors

50,885

86,997

Taxation and social security

103,735

76,442

Other creditors

3,190

3,479

157,810

166,918