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Registered number: 06816241
Alif Wholesalers (Leicester) Ltd
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06816241
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,724 2,194
1,724 2,194
CURRENT ASSETS
Stocks 5 142,749 164,359
Debtors 6 6,351 23,398
Cash at bank and in hand 151,103 98,724
300,203 286,481
Creditors: Amounts Falling Due Within One Year 7 (133,553 ) (170,035 )
NET CURRENT ASSETS (LIABILITIES) 166,650 116,446
TOTAL ASSETS LESS CURRENT LIABILITIES 168,374 118,640
NET ASSETS 168,374 118,640
CAPITAL AND RESERVES
Called up share capital 8 151,750 151,750
Profit and Loss Account 16,624 (33,110 )
SHAREHOLDERS' FUNDS 168,374 118,640
Page 1
Page 2
For the 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.
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
A H Sindhi
Director
15th July 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Alif Wholesalers (Leicester) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06816241 . The registered office is Watergates Building, 109 Coleman Road, Leicester, LE5 4LE.
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:
Motor Vehicles 15% on Cost
Fixtures & Fittings 15% on Cost
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: 4 (2024: 4)
4 4
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2024 3,000 10,136 13,136
As at 31 March 2025 3,000 10,136 13,136
Depreciation
As at 1 April 2024 2,999 7,943 10,942
Provided during the period - 470 470
As at 31 March 2025 2,999 8,413 11,412
...CONTINUED
Page 3
Page 4
Net Book Value
As at 31 March 2025 1 1,723 1,724
As at 1 April 2024 1 2,193 2,194
5. Stocks
2025 2024
£ £
Stock 142,749 164,359
6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 4,307 22,035
Other debtors 2,044 1,363
6,351 23,398
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 67,226 102,866
Other creditors 59,465 59,587
Taxation and social security 6,862 7,582
133,553 170,035
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 151,750 151,750
Page 4