Right Price (Wholesale) Limited

Registered number

03871964

Unaudited Filleted Accounts

For the Year Ended

30 November 2025

Right Price (Wholesale) Limited
Registered number:		03871964
Statement of Financial Position
as at 30 November 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		2,586,601			2,584,001

Current assets
Stocks		1,008,387			905,005
Debtors	4	153,574			179,311
Investments held as current assets	5	10,000			10,000
Cash at bank and in hand		383,094			195,093
		1,555,055			1,289,409

Creditors: amounts falling due within one year	6	(1,468,457)			(1,383,552)

Net current liabilities			86,598			(94,143)

Total assets less current liabilities			2,673,199			2,489,858

Creditors: amounts falling due after more than one year	7		(1,515,583)			(1,523,392)

Provisions for liabilities			(87,305)			(87,305)

Net assets			1,070,311			879,161

Capital and reserves
Called up share capital			100			100
Revaluation reserve	8		663,987			673,008
Profit and loss account			406,224			206,053

Shareholders' funds			1,070,311			879,161

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.


Mr. H. J. Patel
Director
Approved by the board on 12 August 2026

Right Price (Wholesale) Limited
Notes to the Accounts
for the year ended 30 November 2025


1	Accounting policies

	Accounting convention

	These accounts have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
	The accounts are prepared in sterling, which is the functional currency of the company. Monetary amounts in these accounts are rounded to the nearest £.
	The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.


	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets

	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Land and buildings			2% on cost
	Plant and machinery			20% on cost

Motor vehicles

20% on cost

	The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

	Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.


	Financial instruments

	The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
	Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
	Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

	Basic financial assets
	Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
	Classification of financial liabilities
	Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
	Basic financial liabilities
	Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.


	Equity instruments
	Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					41		35


3	Tangible fixed assets
		Land and buildings		Fixtures, fittings and equipment		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 December 2024	2,770,000		436,340		-		3,206,340
	Additions	-		7,800		34,200		42,000
	At 30 November 2025	2,770,000		444,140		34,200		3,248,340

	Depreciation
	At 1 December 2024	186,000		436,339		-		622,339
	Charge for the year	31,000		1,560		6,840		39,400
	At 30 November 2025	217,000		437,899		6,840		661,739

	Net book value
	At 30 November 2025	2,553,000		6,241		27,360		2,586,601
	At 30 November 2024	2,584,000		1		-		2,584,001


4	Debtors					2025		2024
£							£

	Trade debtors					134,837		148,465
	Other debtors					18,737		30,846
						153,574		179,311


5	Investments held as current assets					2025		2024
£							£
	Fair value
	Unlisted investments					10,000		10,000



6	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					806		11,237
	Obligations under finance lease and hire purchase contracts					36,747		12,386
	Trade creditors					894,574		976,704
	Taxation and social security costs					187,227		172,351
	Other creditors					349,103		210,874
						1,468,457		1,383,552


7	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					1,515,583		1,523,392


8	Revaluation reserve					2025		2024
£							£

	At 1 December 2024					673,008		682,029
	Deferred taxation arising on the revaluation of land and buildings					(9,021)		(9,021)

	At 30 November 2025					663,987		673,008