REGISTERED NUMBER: 13136125 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

T & L Wholesale Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R A Charalambous

A M Charalambous

SECRETARY:

REGISTERED OFFICE:

T & L Business Park

Winterstoke Road

Weston-super-Mare

Somerset

BS23 3YS

REGISTERED NUMBER:

13136125 (England and Wales)

ACCOUNTANTS:

P W John & Co

Parkview

23 Wadham Street

Weston-super-Mare

Somerset

BS23 1JZ

FIXED ASSETS

Intangible assets

4

228,000

285,000

Tangible assets

5

142,457

129,646

370,457

414,646

CURRENT ASSETS

Stocks

501,540

424,316

Debtors

6

407,079

334,275

Cash at bank and in hand

94,936

102,432

1,003,555

861,023

CREDITORS

Amounts falling due within one year

7

(732,704

)

(688,444

)

NET CURRENT ASSETS

270,851

172,579

TOTAL ASSETS LESS CURRENT LIABILITIES

641,308

587,225

CREDITORS

Amounts falling due after more than one year

8

-

(26,966

)

NET ASSETS

641,308

560,259

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

9

641,208

560,159

641,308

560,259

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by:

R A Charalambous - Director

1.	STATUTORY INFORMATION

T & L Wholesale Ltd 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.

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" including the provisions of Section 1A "Small Entities" 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, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are measured at cost.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

285,000

AMORTISATION

Charge for year

57,000

At 31 March 2025

57,000

NET BOOK VALUE

At 31 March 2025

228,000

At 31 March 2024

285,000

5.	TANGIBLE FIXED ASSETS

Long

Plant and

Motor

leasehold

machinery

vehicles

Totals

£

£

£

£

COST

At 1 April 2024

90,050

54,909

-

144,959

Additions

-

-

25,000

25,000

At 31 March 2025

90,050

54,909

25,000

169,959

DEPRECIATION

At 1 April 2024

-

15,313

-

15,313

Charge for year

-

5,939

6,250

12,189

At 31 March 2025

-

21,252

6,250

27,502

NET BOOK VALUE

At 31 March 2025

90,050

33,657

18,750

142,457

At 31 March 2024

90,050

39,596

-

129,646

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

309,405

313,807

Directors' current accounts

75,732

-

VAT

21,942

20,468

407,079

334,275

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

100,273

-

Trade creditors

360,185

258,168

Tax

41,746

40,722

Intercompany accounts

227,000

-

Directors' current accounts

-

386,054

Accrued expenses

3,500

3,500

732,704

688,444

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Other loans - 2-5 years

-

26,966

9.

RESERVES

Retained

earnings

£

At 1 April 2024

560,159

Profit for the year

81,049

At 31 March 2025

641,208

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

R A Charalambous

Balance outstanding at start of year

-

-

Amounts advanced

75,732

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

75,732

-