IRIS Accounts Production v25.1.4.42 12923295 Board of Directors 1.1.24 31.12.24 31.12.24 Medium entities 85 78 true false true true false false false true false Defined benefit pension plans These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh129232952023-12-31129232952024-12-31129232952024-01-012024-12-31129232952022-12-31129232952023-01-012023-12-31129232952023-12-3112923295ns15:EnglandWales2024-01-012024-12-3112923295ns14:PoundSterling2024-01-012024-12-3112923295ns10:Director12024-01-012024-12-3112923295ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3112923295ns10:MediumEntities2024-01-012024-12-3112923295ns10:Audited2024-01-012024-12-3112923295ns10:Medium-sizedCompaniesRegimeForDirectorsReport2024-01-012024-12-3112923295ns10:Medium-sizedCompaniesRegimeForAccounts2024-01-012024-12-3112923295ns10:FullAccounts2024-01-012024-12-311292329512024-01-012024-12-3112923295ns5:TotalForAllPensionPlansExcludingMedicalOtherPlans2024-01-012024-12-3112923295ns10:OrdinaryShareClass12024-01-012024-12-3112923295ns10:Director22024-01-012024-12-3112923295ns10:RegisteredOffice2024-01-012024-12-3112923295ns5:CurrentFinancialInstruments2024-12-3112923295ns5:CurrentFinancialInstruments2023-12-3112923295ns5:Non-currentFinancialInstruments2024-12-3112923295ns5:Non-currentFinancialInstruments2023-12-3112923295ns5:ShareCapital2024-12-3112923295ns5:ShareCapital2023-12-3112923295ns5:RetainedEarningsAccumulatedLosses2024-12-3112923295ns5:RetainedEarningsAccumulatedLosses2023-12-3112923295ns5:ShareCapital2022-12-3112923295ns5:RetainedEarningsAccumulatedLosses2022-12-3112923295ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-3112923295ns5:RetainedEarningsAccumulatedLosses2024-01-012024-12-311292329512024-01-012024-12-311292329512023-01-012023-12-3112923295ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3112923295ns5:ComputerSoftware2024-01-012024-12-3112923295ns5:LandBuildingsns5:ShortLeaseholdAssets2024-01-012024-12-3112923295ns5:PlantMachinery2024-01-012024-12-3112923295ns5:FurnitureFittings2024-01-012024-12-3112923295ns5:MotorVehicles2024-01-012024-12-3112923295ns5:ReportableOperatingSegment12024-01-012024-12-3112923295ns5:ReportableOperatingSegment12023-01-012023-12-3112923295ns5:ReportableOperatingSegment22024-01-012024-12-3112923295ns5:ReportableOperatingSegment22023-01-012023-12-3112923295ns5:TotalReportableOperatingSegmentsIncludingAnyUnallocatedAmount2024-01-012024-12-3112923295ns5:TotalReportableOperatingSegmentsIncludingAnyUnallocatedAmount2023-01-012023-12-3112923295ns5:HirePurchaseContracts2024-01-012024-12-3112923295ns5:HirePurchaseContracts2023-01-012023-12-3112923295ns5:OwnedAssets2024-01-012024-12-3112923295ns5:OwnedAssets2023-01-012023-12-3112923295ns5:LeasedAssets2024-01-012024-12-3112923295ns5:LeasedAssets2023-01-012023-12-3112923295ns5:ComputerSoftware2023-01-012023-12-3112923295ns5:ComputerSoftware2023-12-3112923295ns5:ComputerSoftware2024-12-3112923295ns5:ComputerSoftware2023-12-3112923295ns5:LandBuildingsns5:ShortLeaseholdAssets2023-12-3112923295ns5:PlantMachinery2023-12-3112923295ns5:FurnitureFittings2023-12-3112923295ns5:MotorVehicles2023-12-3112923295ns5:LandBuildingsns5:ShortLeaseholdAssets2024-12-3112923295ns5:PlantMachinery2024-12-3112923295ns5:FurnitureFittings2024-12-3112923295ns5:MotorVehicles2024-12-3112923295ns5:LandBuildingsns5:ShortLeaseholdAssets2023-12-3112923295ns5:PlantMachinery2023-12-3112923295ns5:FurnitureFittings2023-12-3112923295ns5:MotorVehicles2023-12-3112923295ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3112923295ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-01-012024-12-3112923295ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2024-12-3112923295ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3112923295ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3112923295ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3112923295ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-12-3112923295ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-12-3112923295ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-12-3112923295ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-12-3112923295ns5:HirePurchaseContracts2024-12-3112923295ns5:HirePurchaseContracts2023-12-3112923295ns5:WithinOneYear2024-12-3112923295ns5:WithinOneYear2023-12-3112923295ns5:BetweenOneFiveYears2024-12-3112923295ns5:BetweenOneFiveYears2023-12-3112923295ns5:AllPeriods2024-12-3112923295ns5:AllPeriods2023-12-3112923295ns5:DeferredTaxation2023-12-3112923295ns5:DeferredTaxation2024-01-012024-12-3112923295ns5:DeferredTaxation2024-12-3112923295ns10:OrdinaryShareClass12024-12-3112923295ns5:RetainedEarningsAccumulatedLosses2023-12-31
REGISTERED NUMBER: 12923295 (England and Wales)













Strategic Report, Report of the Directors and

Financial Statements

for the Year Ended 31 December 2024

for

A.R. Wholesale Limited

A.R. Wholesale Limited (Registered number: 12923295)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 4

Statement of Comprehensive Income 7

Balance Sheet 8

Statement of Changes in Equity 9

Cash Flow Statement 10

Notes to the Cash Flow Statement 11

Notes to the Financial Statements 12


A.R. Wholesale Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: M D M Jones
Miss H Thompson





REGISTERED OFFICE: 1 Mount Pleasant Way Stokesley Business
Stokesley
Middlesbrough
Cleveland
TS9 5NZ





REGISTERED NUMBER: 12923295 (England and Wales)





AUDITORS: Anderson Barrowcliff Limited
Statutory Auditors
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

A.R. Wholesale Limited (Registered number: 12923295)

Strategic Report
for the Year Ended 31 December 2024

The directors present their strategic report for the year ended 31 December 2024.

REVIEW OF BUSINESS
The company continues to seek growth and to capitalise on economies of scale. The results for the year show turnover has decreased to £37,156,988 from £38,218,588 in 2023, this decrease is mainly due to initial issues integrating to a new computer system. Gross profit margin remains consistent with the prior year at 17.5% (2023: 17.9%) and the overall pre-tax profit of £164,117 (2023: £759,573) is considered to be satisfactory by the directors.

PRINCIPAL RISKS AND UNCERTAINTIES
The company continues to diversify its operations and is not solely dependent upon the UK agriculture industry. As a result the directors feel that there is no single customer or supplier, the loss of which would seriously affect the business.

KEY PERFORMANCE INDICATORS
Given the straightforward nature of the business, the Company's directors are of the opinion that analysis using KPIs is not necessary for an understanding of the development, performance or position of the entity, and that all relevant financial information has been disclosed within the financial statements.

ON BEHALF OF THE BOARD:





M D M Jones - Director


22 August 2025

A.R. Wholesale Limited (Registered number: 12923295)

Report of the Directors
for the Year Ended 31 December 2024

The directors present their report with the financial statements of the company for the year ended 31 December 2024.

PRINCIPAL ACTIVITIES
The principal activities of the company in the year under review were those of pet and equine wholesaler and rental of containers.

DIVIDENDS
No dividends will be distributed for the year ended 31 December 2024.

FUTURE DEVELOPMENTS
The company expects to continue to improve efficiency and achieve economies of scale.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

M D M Jones
Miss H Thompson

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Anderson Barrowcliff Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





M D M Jones - Director


22 August 2025

Report of the Independent Auditors to the Members of
A.R. Wholesale Limited

Opinion
We have audited the financial statements of A.R. Wholesale Limited (the 'company') for the year ended 31 December 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Report of the Independent Auditors to the Members of
A.R. Wholesale Limited


Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

Based on our understanding of the industry, we have considered applicable laws and regulations which may be fundamental to the company's ability to operate or to avoid a material penalty, and we considered the extent to which non-compliance might have a material effect on the financial statements. We considered management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to the posting of inappropriate manual journal entries to manipulate financial performance, management bias in significant accounting estimates and any significant one-off or unusual transactions.

We discussed among the audit engagement team the opportunities and incentives that may exist within the organisation for fraud and how and where fraud might occur in the financial statements.


Audit procedures performed by the engagement team included:

- Enquiry of management, those charged with governance around actual and potential litigation and claims.
- Enquiry of entity staff to identify any instances of non-compliance with laws and regulations.
- Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with
applicable laws and regulations.
- Auditing the risk of management override of controls, including through testing journal entries and other
adjustments for appropriateness, and evaluating the business rationale of significant transactions outside the
normal course of business.
- Challenging estimates and judgements made by management in their significant accounting estimates.
- Revenue recognition; agreeing a sample of revenue transactions to gain assurance over the occurrence and
accuracy of revenue and also to ensure revenue has been recognised in the correct period.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Report of the Independent Auditors to the Members of
A.R. Wholesale Limited


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Helen Wilson FCA (Senior Statutory Auditor)
for and on behalf of Anderson Barrowcliff Limited
Statutory Auditors
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

26 August 2025

A.R. Wholesale Limited (Registered number: 12923295)

Statement of Comprehensive
Income
for the Year Ended 31 December 2024

2024 2023
Notes £    £    £   

TURNOVER 3 37,156,988 38,218,588

Cost of sales 30,642,884 31,369,909
GROSS PROFIT 6,514,104 6,848,679

Distribution costs 1,366,499 1,439,328
Administrative expenses 4,981,577 4,692,400
6,348,076 6,131,728
166,028 716,951

Other operating income 32,914 68,798
OPERATING PROFIT 198,942 785,749

Interest receivable and similar income 7,057 2,880
205,999 788,629

Interest payable and similar expenses 6 41,882 29,056
PROFIT BEFORE TAXATION 7 164,117 759,573

Tax on profit 8 73,389 204,134
PROFIT FOR THE FINANCIAL YEAR 90,728 555,439

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

90,728

555,439

A.R. Wholesale Limited (Registered number: 12923295)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 9 76,351 84,835
Tangible assets 10 2,753,197 1,869,772
2,829,548 1,954,607

CURRENT ASSETS
Stocks 11 1,759,996 2,279,630
Debtors 12 3,463,869 2,626,069
Cash at bank and in hand 216,657 1,003,174
5,440,522 5,908,873
CREDITORS
Amounts falling due within one year 13 5,163,848 5,433,342
NET CURRENT ASSETS 276,674 475,531
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,106,222

2,430,138

CREDITORS
Amounts falling due after more than one
year

14

(849,069

)

(340,513

)

PROVISIONS FOR LIABILITIES 17 (331,500 ) (254,700 )
NET ASSETS 1,925,653 1,834,925

CAPITAL AND RESERVES
Called up share capital 18 180 180
Retained earnings 19 1,925,473 1,834,745
SHAREHOLDERS' FUNDS 1,925,653 1,834,925

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2025 and were signed on its behalf by:





M D M Jones - Director


A.R. Wholesale Limited (Registered number: 12923295)

Statement of Changes in Equity
for the Year Ended 31 December 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2023 180 1,279,306 1,279,486

Changes in equity
Total comprehensive income - 555,439 555,439
Balance at 31 December 2023 180 1,834,745 1,834,925

Changes in equity
Total comprehensive income - 90,728 90,728
Balance at 31 December 2024 180 1,925,473 1,925,653

A.R. Wholesale Limited (Registered number: 12923295)

Cash Flow Statement
for the Year Ended 31 December 2024

2024 2023
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 650,247 611,429
Interest paid (9,185 ) (4,639 )
Interest element of hire purchase payments
paid

(32,697

)

(24,417

)
Tax paid 52,911 (178,934 )
Net cash from operating activities 661,276 403,439

Cash flows from investing activities
Purchase of intangible fixed assets - (84,835 )
Purchase of tangible fixed assets (1,450,883 ) (914,791 )
Sale of tangible fixed assets 63,318 11,250
Interest received 7,057 2,880
Net cash from investing activities (1,380,508 ) (985,496 )

Cash flows from financing activities
New HP loans in year 875,364 359,658
Capital repayments in year (212,272 ) (231,023 )
Related party financing (730,377 ) (158,828 )
Net cash from financing activities (67,285 ) (30,193 )

Decrease in cash and cash equivalents (786,517 ) (612,250 )
Cash and cash equivalents at beginning
of year

2

1,003,174

1,615,424

Cash and cash equivalents at end of year 2 216,657 1,003,174

A.R. Wholesale Limited (Registered number: 12923295)

Notes to the Cash Flow Statement
for the Year Ended 31 December 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2024 2023
£    £   
Profit before taxation 164,117 759,573
Depreciation charges 560,858 446,862
Profit on disposal of fixed assets (48,234 ) (7,364 )
Finance costs 41,882 29,056
Finance income (7,057 ) (2,880 )
711,566 1,225,247
Decrease/(increase) in stocks 519,634 (663,878 )
(Increase)/decrease in trade and other debtors (180,986 ) 18,638
(Decrease)/increase in trade and other creditors (399,967 ) 31,422
Cash generated from operations 650,247 611,429

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2024
31.12.24 1.1.24
£    £   
Cash and cash equivalents 216,657 1,003,174
Year ended 31 December 2023
31.12.23 1.1.23
£    £   
Cash and cash equivalents 1,003,174 1,615,424


3. ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)

At 1.1.24 Cash flow At 31.12.24
£    £    £   
Net cash
Cash at bank and in hand 1,003,174 (786,517 ) 216,657
1,003,174 (786,517 ) 216,657
Debt
Finance leases (477,367 ) (663,092 ) (1,140,459 )
(477,367 ) (663,092 ) (1,140,459 )
Total 525,807 (1,449,609 ) (923,802 )

A.R. Wholesale Limited (Registered number: 12923295)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

A.R. Wholesale 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.

The nature of the Company's operations and principal activities are set out in the Report of the Directors on page 3.

The financial statements are prepared in Sterling which is the functional currency of the company rounded to the nearest £.

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

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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction can be measured reliably. This is usually on the dispatch of the goods.

Sale of services
When the outcome of a transaction can be estimated reliably, turnover from hire of containers is recognised in the period the hire of container related.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of ten years.

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.
Short leasehold - Straight line over 15 years
Plant and machinery - 33% on cost and 20% on cost
Containers - 20% on cost
Motor vehicles - 20% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first in, first out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.


A.R. Wholesale Limited (Registered number: 12923295)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

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 and a defined benefit scheme. Contributions payable to the company's pension scheme's are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss in administrative expenses.

Judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period of the revision, if the revision affects only that period, or in the period of revision and future periods if the revision affects both current and future periods.

3. TURNOVER

The turnover and profit before taxation are attributable to the principal activities of the company.

An analysis of turnover by class of business is given below:

2024 2023
£    £   
Sales of goods 36,817,124 37,885,138
Sales of services 339,864 333,450
37,156,988 38,218,588

A.R. Wholesale Limited (Registered number: 12923295)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. EMPLOYEES AND DIRECTORS

20242023
££
Wages and salaries2,423,0472,207,275
Social security costs212,633189,251
Other pension costs - Defined contribution scheme72,33465,544
Other pension costs - Defined benefit scheme 333,400354,400
3,041,4142,816,470

The average number of employees during the year was as follows:
20242023

Directors22
Sales and administration8376
8578

5. DIRECTORS' EMOLUMENTS

2024 2023
£ £
Directors' remuneration 8,859 35,571
Directors' pension contributions to pension schemes 164,625 176,997

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 1 1
Defined benefit schemes 1 1

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£    £   
Bank interest 9,185 -
Bank loan interest - 643
Corporation tax interest - 3,996
Hire purchase 32,697 24,417
41,882 29,056

7. PROFIT BEFORE TAXATION

The profit is stated after charging/(crediting):

2024 2023
£    £   
Depreciation - owned assets 303,218 239,970
Depreciation - assets on hire purchase contracts 249,156 206,892
Profit on disposal of fixed assets (48,234 ) (7,364 )
Computer software amortisation 8,484 -
Auditors remuneration 32,334 21,013

A.R. Wholesale Limited (Registered number: 12923295)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

8. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax - (49,500 )
(Over)/under provision in
previous year (3,411 ) (1,066 )
Total current tax (3,411 ) (50,566 )

Deferred taxation 76,800 254,700
Tax on profit 73,389 204,134

UK corporation tax has been charged at 25% (2023 - 25%).

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£    £   
Profit before tax 164,117 759,573
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 25%)

41,029

189,893

Effects of:
Expenses not deductible for tax purposes 10,795 10,492
Adjustments to tax charge in respect of previous periods (3,411 ) (1,066 )
tax charge
Capital allowances super-deduction - (7,697 )
Deferred tax asset movements 169 (31,154 )
Other adjustments - 154
Losses carried back charged at 19% - 22,360
Group relief 24,807 21,152
Total tax charge 73,389 204,134

There is no expiry date on timing differences, unused tax losses or tax credits.

9. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 January 2024
and 31 December 2024 84,835
AMORTISATION
Amortisation for year 8,484
At 31 December 2024 8,484
NET BOOK VALUE
At 31 December 2024 76,351
At 31 December 2023 84,835

A.R. Wholesale Limited (Registered number: 12923295)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

10. TANGIBLE FIXED ASSETS
Short Plant and Motor
leasehold machinery Containers vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 578,646 495,855 262,905 1,735,007 3,072,413
Additions - 273,506 14,550 1,162,827 1,450,883
Disposals - (9,800 ) - (129,524 ) (139,324 )
At 31 December 2024 578,646 759,561 277,455 2,768,310 4,383,972
DEPRECIATION
At 1 January 2024 44,177 217,923 142,714 797,827 1,202,641
Charge for year 38,576 96,495 51,301 366,002 552,374
Eliminated on disposal - (7,700 ) - (116,540 ) (124,240 )
At 31 December 2024 82,753 306,718 194,015 1,047,289 1,630,775
NET BOOK VALUE
At 31 December 2024 495,893 452,843 83,440 1,721,021 2,753,197
At 31 December 2023 534,469 277,932 120,191 937,180 1,869,772

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024 1,071,361
Additions 977,887
Transfer to ownership (335,239 )
At 31 December 2024 1,714,009
DEPRECIATION
At 1 January 2024 530,667
Charge for year 249,156
Transfer to ownership (335,239 )
At 31 December 2024 444,584
NET BOOK VALUE
At 31 December 2024 1,269,425
At 31 December 2023 540,694

11. STOCKS
2024 2023
£    £   
Goods for resale 1,759,996 2,279,630

A.R. Wholesale Limited (Registered number: 12923295)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,060,071 2,032,544
Amounts owed by group undertakings 885,429 -
Amounts owed by participating interests 154,138 333,253
Other debtors 103,937 108,853
Taxation - 49,500
VAT 194,391 38,939
Prepayments 65,903 62,980
3,463,869 2,626,069

13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 15) 291,390 136,854
Trade creditors 4,558,381 5,000,139
Amounts owed to group undertakings - 24,063
Social security and other taxes 102,668 99,979
Other creditors 24,755 23,112
Accrued expenses 186,654 149,195
5,163,848 5,433,342

14. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 15) 849,069 340,513

15. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Net obligations repayable:
Within one year 291,390 136,854
Between one and five years 849,069 340,513
1,140,459 477,367

Non-cancellable operating leases
2024 2023
£    £   
Within one year 3,579 -
Between one and five years 2,983 -
6,562 -

A.R. Wholesale Limited (Registered number: 12923295)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

16. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 1,140,459 477,367

The company has a bank overdraft facility which is secured by a debenture charge over the fixed and floating assets of the Company.

The hire purchase contracts are secured over the assets to which they relate.

17. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred taxation 331,500 254,700

Deferred
tax
£   
Balance at 1 January 2024 254,700
Provided during year 76,800
Balance at 31 December 2024 331,500

18. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
180 Ordinary £1 180 180

19. RESERVES
Retained
earnings
£   

At 1 January 2024 1,834,745
Profit for the year 90,728
At 31 December 2024 1,925,473

Retained earnings
The profit and loss account represents cumulative profits and losses net of dividends and other adjustments.

A.R. Wholesale Limited (Registered number: 12923295)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

20. EMPLOYEE BENEFIT OBLIGATIONS

The company operates a defined benefit small self-administered scheme for the directors and employees. The company's contributions are charged against profits in the year in which contributions are made. The scheme uses the 'Accrued Benefits' funding method. Under this approach the contribution is the amount that needs to be paid to enable the scheme to pay the benefits due to the member. This is the discounted value using the assumptions below of the pension payments. The promised benefits are fully funded at the outset and there is no spreading of the contributions over a future period of time.

The assumptions used in the actuarial report for accrual of new benefits are:
-Investment Return Pre-retirement2.5% per annum
-Investment Return Post-retirement2% per annum
-Increases to Pensions in Payment2.5% per annum
-Mortality for pensionersBase table is PNXA00 with mortality improvements using
medium cohort with 1% underpin
-Retirements100% at Normal Pension Date
-WithdrawalsNil allowance
-Expense Allowance8% of contributions

In assessing the long term cost of a pension scheme certain assumptions must be made. Owing to the small number of Members in the Scheme no allowance has been made for the possibility of a Member withdrawing from service or retiring before attaining the Normal Pension Age nor for the option to take lump sum at the date of retirement in lieu of pension income. No allowance is made for the member dying before taking benefits.

Defined contribution scheme

The Company operates a defined contribution scheme for its directors and staff. The charge for the year amounted to £72,334 (2023: £65,544). The amount outstanding at 31 December 2024 was £12,861 (2023: £13,026).

21. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements - 260,818

22. RELATED PARTY DISCLOSURES







Sales



Purchases
Management
chargesIncom
e/(expenditure
)


Rental
Income
Outstanding
balances due
to/(from) the
Company
£ £ £ £ £
Entities over which the Company
has control, joint influence or
significant influence


At 31 December 2024 - - (402,000 ) - 803,593
At 31 December 2023 - - (402,000 ) - (24,063 )

Other related parties
At 31 December 2024 2,012,423 7,190 - 43,750 154,138
At 31 December 2023 2,921,890 10,006 40,000 29,250 333,253

Outstanding balances due to the Company are unsecured and undertaken on normal commercial terms.

Blue Barn Group Limited has provided security to A.R. Wholesale Limited for its bank overdraft by providing a guarantee for £1million. This is supported by a Freehold 1st legal charge over Mount Pleasant Way, Stokesley and debenture.

23. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr M Jones and Mrs A Jones by virtue of their 90% shareholding in the immediate and ultimate parent company, Blue Barn Group Limited. These financial statements are included in the consolidated financial statements of Blue Barn Group Limited. The parent's registered office address is the same as A.R. Wholesale Limited as detailed on the Company Information page.