Necessity Supplies Limited in Northolt, UB5 5QS

Description

Data updated on: 01-11-2023

This firm is known as Necessity Supplies Limited. This company was founded thirty eight years ago and was registered under 02010112 as the registration number. The registered office of the firm is located in Northolt. You can contact it at Unit 4-5 Northolt Trading Estate, Belvue Road. The firm's SIC code is 46460, that means Wholesale of pharmaceutical goods. 2022/10/31 is the last time the company accounts were reported.

Bharat M. and Ketan M. are the company's directors and have been doing everything they can to help the company since February 1991.

Ketan M. is the individual with significant control over this firm and has 1/2 or less of voting rights.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2019-05-31	2020-10-31	2021-10-31	2022-10-31
Currency

Balance Sheet
Cash Bank On Hand	3 627 628	1 955 832	1 279 627	979 893
Current Assets	15 190 526	16 413 937	15 320 953	14 740 035
Debtors	6 715 127	7 785 931	9 613 185	9 086 709
Net Assets Liabilities	8 159 763	7 403 021	7 689 142	7 755 134
Other Debtors	45 474	61 635	2 337 195	1 080 028
Property Plant Equipment	93 027	159 560	176 682	208 203
Total Inventories	4 083 319	5 923 227	3 815 042	4 071 104

Other Financial Data
Audit Fees Expenses	16 250	16 250	16 250	16 250
Accrued Liabilities Deferred Income	36 565	63 025	390 462	34 749
Accumulated Depreciation Impairment Property Plant Equipment	2 909 002	3 012 862	3 071 756	3 141 155
Additions Other Than Through Business Combinations Property Plant Equipment		170 393	76 016	100 920
Administrative Expenses	1 746 551	2 561 270	2 154 787	2 355 026
Amounts Owed By Group Undertakings	380 929	453 238	456 873	463 380
Amounts Owed To Group Undertakings	1 055 373
Average Number Employees During Period	22	24	28	29
Bank Borrowings Overdrafts			167 928	643 070
Banking Arrangements Classified As Cash Cash Equivalents			-167 928	-643 070
Bank Overdrafts			167 928	643 070
Cash Cash Equivalents Cash Flow Value	3 627 628	1 955 832	1 111 699	336 823
Comprehensive Income Expense	-9 113 079	-756 742	286 121	65 992
Corporation Tax Payable	1 333 308
Corporation Tax Recoverable	205 463	175 302	205 166	205 166
Cost Sales	16 125 651	21 311 585	22 597 457	16 489 301
Creditors	2 066 476	13 607	8 520 375	7 898 227
Current Asset Investments	135 183
Deferred Tax Asset Debtors	629 269	748 947	613 099	602 329
Deferred Tax Expense Credit From Unrecognised Tax Loss Or Credit	-39 534	-282 716	37 356	17 526
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	-39 534	-282 716	37 356	17 529
Depreciation Expense Property Plant Equipment	6 680	103 860	58 894	69 399
Depreciation Impairment Expense Property Plant Equipment	38 269	103 860	58 894	69 399
Disposals Investment Property Fair Value Model		1 495 000	425 000
Dividend Income	40 061	5 957
Dividend Income From Financial Assets Fair Value Through Profit Or Loss	40 061	5 957
Dividends Received Classified As Investing Activities	-40 061	-5 957
Finance Lease Liabilities Present Value Total	18 367	13 607	13 610
Finance Lease Payments Owing Minimum Gross	21 474	17 011	13 610
Finished Goods Goods For Resale	4 083 319	5 923 227	3 815 042	4 071 104
Fixed Assets	3 133 027	1 704 560	1 006 682	1 038 203
Further Item Creditors Component Total Creditors	2 048 109
Further Item Operating Income Gain Income Statement Item Component Operating Profit Loss			2 182 233
Further Item Tax Increase Decrease Component Adjusting Items	700 306	19 733	11 190	13 186
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss	22 465	5 696	-237 423
Gain Loss From Fair Value Adjustment Investment Property Recognised In Profit Or Loss			-290 000
Gain Loss From Sales Investment Properties Recognised In Profit Or Loss		-19 622	-16 975
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables	-1 000 046	-1 919 845	372 655	1 083 680
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables	-789 814	1 100 965	1 797 390	-526 476
Gain Loss In Cash Flows From Change In Inventories	-163 608	1 839 908	-2 108 185	256 062
Gain Loss On Disposals Property Plant Equipment	2 635
Gain Loss On Financial Assets Fair Value Through Profit Or Loss	-9 817	-5 655
Government Grant Income			2 119
Gross Profit Loss	477 557	1 381 456	674 427	2 146 084
Impairment Loss Reversal On Investments	72 834	-2 603	290 000
Income Taxes Paid Refund Classified As Operating Activities	-4 750 290	-1 303 147	-29 864
Increase Decrease From Fair Value Adjustment Investment Property Fair Value Model			-290 000
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation			844 133	774 876
Increase Decrease In Current Tax From Adjustment For Prior Periods	6 072 862
Increase From Depreciation Charge For Year Property Plant Equipment		103 860	58 894	69 399
Interest Expense On Obligations Under Finance Leases Hire Purchase Contracts	184	807	318	238
Interest Income On Bank Deposits	44 232	4 076	123	1 481
Interest Income On Financial Assets That Are Not Fair Value Through Profit Or Loss	44 232	4 076	123	1 481
Interest Paid Classified As Operating Activities				-238
Interest Payable Similar Charges Finance Costs	184	23 375	318	238
Interest Received Classified As Investing Activities	-44 232	-4 076	-123	-1 481
Investment Property	3 040 000	1 545 000	830 000	830 000
Investment Property Fair Value Model	3 040 000	1 545 000	830 000
Investments	135 183
Key Management Personnel Compensation Total	92 000	170 000	120 000	120 000
Net Cash Flows From Used In Operating Activities	3 874 572	3 252 787	-597 499
Net Cash Generated From Operations	-875 902	1 926 265	-865 104	661 589
Net Current Assets Liabilities	7 472 860	5 928 678	6 800 578	6 841 808
Net Finance Income Costs	84 293	10 033	123	1 481
Net Interest Paid Received Classified As Operating Activities	-184	-23 375
Operating Profit Loss	-1 113 200	-1 028 719	851 095	82 278
Other Creditors	894 563	6 125 367	6 139 348	5 303 689
Other Interest Expense		22 568
Other Interest Receivable Similar Income Finance Income	84 293	10 033	123	1 481
Other Operating Income Format1	155 794	151 095	149 222	291 220
Other Remaining Borrowings	1 637 713	1 770 363
Other Taxation Social Security Payable	64 468	592 960	546 901	401 510
Payments Finance Lease Liabilities Classified As Financing Activities		-4 463	-3 401	-13 610
Pension Other Post-employment Benefit Costs Other Pension Costs	5 894	8 474	7 390	8 774
Prepayments Accrued Income	218 969	145 483	159 608	295 011
Proceeds From Sales Investment Properties		-1 475 378	-408 025
Proceeds From Sales Or Maturity Financial Assets Held For Trading Trading Investments	-633 436	-137 786
Proceeds From Sales Property Plant Equipment	-3 499
Profit Loss	-9 113 079	-756 742	286 121	65 992
Profit Loss On Ordinary Activities Before Tax	-3 079 751	-1 039 458	323 477	83 521
Property Plant Equipment Gross Cost	3 002 029	3 172 422	3 248 438	3 349 358
Purchase Property Plant Equipment	-38 384	-170 393	-76 016	-100 920
Rental Income From Investment Property		-151 095	-147 104	-84 293
Repayments Borrowings Classified As Financing Activities	-2 048 109	132 650	-1 770 363
Social Security Costs	56 054	90 321	74 940	83 476
Staff Costs Employee Benefits Expense	654 121	991 302	899 034	970 159
Taxation Including Deferred Taxation Balance Sheet Subtotal	379 648	216 610	118 118	124 877
Tax Decrease From Utilisation Tax Losses		-89 656	135 848
Tax Expense Credit Applicable Tax Rate	-585 153	-197 497	61 461	15 869
Tax Increase Decrease From Effect Capital Allowances Depreciation	-7 712	-33 897	-17 951	-25 695
Tax Increase Decrease From Effect Dividends From Companies	-7 612	-1 132
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	13 888	3 459	4 330	7 413
Tax Increase Decrease From Effect Unrelieved Tax Losses Carried Forward	203 531	119 678	21 718	-10 770
Tax Tax Credit On Profit Or Loss On Ordinary Activities	6 033 328	-282 716	37 356	17 529
Total Assets Less Current Liabilities	10 605 887	7 633 238	7 807 260	7 880 011
Trade Creditors Trade Payables	2 692 569	1 930 140	1 262 126	1 515 209
Trade Debtors Trade Receivables	5 864 292	6 950 273	6 454 343	7 043 124
Turnover Revenue	16 603 208	22 693 041	23 271 884	18 635 385
Wages Salaries	592 173	892 507	816 704	877 909
Director Remuneration	92 000	170 000	120 000	120 000

Company staff

Bharat M.

Role: Director

Appointed: 08 February 1991

Latest update: 13 March 2024

Ketan M.

Role: Director

Appointed: 08 February 1991

Latest update: 13 March 2024

People with significant control

Ketan M.

Notified on 20 June 2016

Nature of control:

1/2 or less of voting rights

Accounts Documents

Account next due date	31 July 2024
Account last made up date	31 October 2022
Confirmation statement next due date	14 April 2024
Confirmation statement last made up date	31 March 2023

Annual Accounts
Start Date For Period Covered By Report	2019-06-01
End Date For Period Covered By Report	2020-10-31
Annual Accounts
Start Date For Period Covered By Report	2020-11-01
End Date For Period Covered By Report	2021-10-31
Annual Accounts
Start Date For Period Covered By Report	2021-11-01
End Date For Period Covered By Report	2022-10-31

Necessity Supplies Limited

General information

Name:

Office Address:

Description

Financial data based on annual reports

Company staff

Bharat M.

Ketan M.

Vandana W.

People with significant control

Ketan M.

Accounts Documents

Company filings

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