Company Registration No. 07091663 (England and Wales)
MANCHESTER WHOLESALE LIMITED
Unaudited accounts
for the year ended 31 December 2025
MANCHESTER WHOLESALE LIMITED
Statement of financial position
as at 31 December 2025
Tangible assets
21,207
1,279
Investment property
56,713
56,713
Inventories
625,945
635,890
Cash at bank and in hand
153,465
79,491
Creditors: amounts falling due within one year
(1,319,409)
(997,133)
Net current assets/(liabilities)
8,661
(17,105)
Total assets less current liabilities
86,581
40,887
Provisions for liabilities
Deferred tax
(14,804)
(242)
Called up share capital
100
100
Profit and loss account
71,677
40,545
Shareholders' funds
71,777
40,645
For the year ending 31 December 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 February 2026 and were signed on its behalf by
Farooq Ahmad
Director
Company Registration No. 07091663
MANCHESTER WHOLESALE LIMITED
Notes to the Accounts
for the year ended 31 December 2025
MANCHESTER WHOLESALE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07091663. The registered office is CAPLAN HOUSE, 65 DERBY STREET, MANCHESTER, M8 8AT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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 accounts. 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 current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Fixtures & fittings
20% on reducing balance
MANCHESTER WHOLESALE LIMITED
Notes to the Accounts
for the year ended 31 December 2025
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Tangible fixed assets
Total
At 31 December 2025
45,229
At 31 December 2025
24,022
At 31 December 2025
21,207
5
Deferred taxation
2025
2024
Accelerated capital allowances
14,804
242
Provision at start of year
242
303
Charged/(credited) to the profit and loss account
14,562
(61)
Provision at end of year
14,804
242
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
7
Average number of employees
During the year the average number of employees was 13 (2024: 15).