ABS WHOLESALE LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Consolidated group

Auditor

Simpson Wreford LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“At the time of approving the financial statements, the director has a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.”

Group structure

1. ABS WHOLESALE LIMITED · parent
   1. Simply Pleasure Limited 100% · England and Wales · wholesale and retail of adult products
   2. Pleasure Me Publishing Limited 100% · England and Wales
   3. Simply Pleasure BV 100% · Netherlands

Significant events

• “This year we have seen a small increase in our turnover from the previous year which has been encouraging.”
• “Concerns over the US economy have also made it challenging this year, but our investment with distribution partners has helped us greatly in maintaining an excellent product visibility with our customers.”
• “We continue to expand our own brand items and have continued to see growth in this area both with retail and wholesale.”
• “Online sales have been strong and we have invested significantly in this area.”
• “We will reduce our company borrowing within the upcoming year and will take all the necessary measures to ensure the profitability of the business.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

5

last 12 months

Capital events

1

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +3.6%

  £13,912,269 → £14,413,893

• Cash

  +0.4%

  £2,065,158 → £2,074,184

• Net assets

  +24.7%

  £4,762,430 → £5,938,797

• Employees

  -2.7%

  113 → 110

• Operating profit

  -17.1%

  £1,930,097 → £1,599,120

• Profit before tax

  -14.9%

  £1,892,585 → £1,610,472

• Wages

  +8.1%

  £2,287,788 → £2,472,574

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers