Group B Wholesale Limited - Limited company - abbreviated - 11.9

Group B Wholesale Limited - Limited company - abbreviated - 11.9

GROUP B WHOLESALE LIMITED - Company Information

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REGISTERED NUMBER: 01020449 (England and Wales)















Abbreviated Accounts for the Year Ended 31 August 2015

for

Group B Wholesale Limited

Group B Wholesale Limited (Registered number: 01020449)






Contents of the Abbreviated Accounts
for the Year Ended 31 August 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Group B Wholesale Limited

Company Information
for the Year Ended 31 August 2015







DIRECTORS: Mr D J Bevan
Mrs J L Bevan





SECRETARY: Mrs J L Bevan





REGISTERED OFFICE: 436 - 438 Uxbridge Road
London
W12 0NS





REGISTERED NUMBER: 01020449 (England and Wales)





ACCOUNTANTS: Visionary Accountants
Gladstone Place
36-38 Upper Marlborough Road
St Albans
Hertfordshire
AL1 3UU
Page 1
Group B Wholesale Limited (Registered number: 01020449)

Abbreviated Balance Sheet
31 August 2015

31.8.15 31.8.14
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 88,969 95,736
88,969 95,736

CURRENT ASSETS
Stocks 458,186 418,774
Debtors 1,126,946 1,102,942
Cash at bank 125,009 166,595
1,710,141 1,688,311
CREDITORS
Amounts falling due within one year 483,202 425,801
NET CURRENT ASSETS 1,226,939 1,262,510
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,315,908
1,358,246

PROVISIONS FOR LIABILITIES 16,328 -
NET ASSETS 1,299,580 1,358,246

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 1,299,480 1,358,146
SHAREHOLDERS' FUNDS 1,299,580 1,358,246

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2015 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 notes form part of these abbreviated accounts

Page 2 continued...
Group B Wholesale Limited (Registered number: 01020449)

Abbreviated Balance Sheet - continued
31 August 2015


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 25 November 2015 and were signed on its behalf
by:





Mr D J Bevan - Director


The notes form part of these abbreviated accounts

Page 3
Group B Wholesale Limited (Registered number: 01020449)

Notes to the Abbreviated Accounts
for the Year Ended 31 August 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been amortised evenly over
its estimated useful life.

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 etc - 25% on reducing balance and 15% 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2014
and 31 August 2015 25,000
AMORTISATION
At 1 September 2014
and 31 August 2015 25,000
NET BOOK VALUE

At 31 August 2015 -
At 31 August 2014 -

Page 4 continued...
Group B Wholesale Limited (Registered number: 01020449)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 August 2015

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 September 2014 208,596
Additions 8,975
At 31 August 2015 217,571
DEPRECIATION
At 1 September 2014 112,860
Charge for year 15,742
At 31 August 2015 128,602
NET BOOK VALUE
At 31 August 2015 88,969
At 31 August 2014 95,736

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.15 31.8.14
value: £    £   
1 Ordinary £1 100 100

5. ULTIMATE PARENT COMPANY

Group B Holdings Ltd is regarded by the directors as being the company's ultimate parent company.

Page 5