Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mr D A Gray 29/09/2011 Mr I D Gray 28/09/2022 Mrs K Gray 28/09/2022 Mrs M A Gray 28/09/2022 19 October 2023 The principal activity of the Company during the financial year was that of a holding company. 07791792 2023-03-31 07791792 bus:Director1 2023-03-31 07791792 bus:Director2 2023-03-31 07791792 bus:Director3 2023-03-31 07791792 bus:Director4 2023-03-31 07791792 2022-03-31 07791792 core:CurrentFinancialInstruments 2023-03-31 07791792 core:CurrentFinancialInstruments 2022-03-31 07791792 core:ShareCapital 2023-03-31 07791792 core:ShareCapital 2022-03-31 07791792 core:CapitalRedemptionReserve 2023-03-31 07791792 core:CapitalRedemptionReserve 2022-03-31 07791792 core:RetainedEarningsAccumulatedLosses 2023-03-31 07791792 core:RetainedEarningsAccumulatedLosses 2022-03-31 07791792 bus:OrdinaryShareClass1 2023-03-31 07791792 bus:OrdinaryShareClass2 2023-03-31 07791792 bus:OrdinaryShareClass3 2023-03-31 07791792 bus:OrdinaryShareClass4 2023-03-31 07791792 2022-04-01 2023-03-31 07791792 bus:FullAccounts 2022-04-01 2023-03-31 07791792 bus:SmallEntities 2022-04-01 2023-03-31 07791792 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 07791792 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 07791792 bus:Director1 2022-04-01 2023-03-31 07791792 bus:Director2 2022-04-01 2023-03-31 07791792 bus:Director3 2022-04-01 2023-03-31 07791792 bus:Director4 2022-04-01 2023-03-31 07791792 2021-04-01 2022-03-31 07791792 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 07791792 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 07791792 bus:OrdinaryShareClass2 2022-04-01 2023-03-31 07791792 bus:OrdinaryShareClass2 2021-04-01 2022-03-31 07791792 bus:OrdinaryShareClass3 2022-04-01 2023-03-31 07791792 bus:OrdinaryShareClass3 2021-04-01 2022-03-31 07791792 bus:OrdinaryShareClass4 2022-04-01 2023-03-31 07791792 bus:OrdinaryShareClass4 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07791792 (England and Wales)

G AND R ELECTRICAL WHOLESALERS (HOLDINGS) LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

G AND R ELECTRICAL WHOLESALERS (HOLDINGS) LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

G AND R ELECTRICAL WHOLESALERS (HOLDINGS) LIMITED

BALANCE SHEET

As at 31 March 2023
G AND R ELECTRICAL WHOLESALERS (HOLDINGS) LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
2023 2022
£ £
Fixed assets
Investments 402,210 402,210
402,210 402,210
Current assets
Debtors 3 370,000 401,756
Cash at bank and in hand 412,072 213,463
782,072 615,219
Creditors: amounts falling due within one year 4 ( 9,243) 0
Net current assets 772,829 615,219
Total assets less current liabilities 1,175,039 1,017,429
Provision for liabilities 0 82
Net assets 1,175,039 1,017,511
Capital and reserves
Called-up share capital 5 151 200
Capital redemption reserve 400,049 400,000
Profit and loss account 774,839 617,311
Total shareholders' funds 1,175,039 1,017,511

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of G and R Electrical Wholesalers (Holdings) Limited (registered number: 07791792) were approved and authorised for issue by the Board of Directors on 19 October 2023. They were signed on its behalf by:

Mr I D Gray
Director
G AND R ELECTRICAL WHOLESALERS (HOLDINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
G AND R ELECTRICAL WHOLESALERS (HOLDINGS) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

G and R Electrical Wholesalers (Holdings) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Melville Building East, Royal William Yard, Plymouth, PL1 3RP, United Kingdom. The principal place of business is Unit 4 Drakes Court, Eagle Road, Langage Business Park, Plympton, Plymouth, PL7 5JY.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 370,000 350,000
Other debtors 0 51,756
370,000 401,756

4. Creditors: amounts falling due within one year

2023 2022
£ £
Other creditors 9,243 0

5. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
38 Ordinary shares of £ 1.00 each (2022: 50 shares of £ 1.00 each) 38 50
68 Ordinary A shares of £ 1.00 each (2022: 52 shares of £ 1.00 each) 68 52
37 Ordinary B shares of £ 1.00 each (2022: 49 shares of £ 1.00 each) 37 49
8 Ordinary C shares of £ 1.00 each (2022: 49 shares of £ 1.00 each) 8 49
151 200

During the year the company repurchased 49 Ordinary C shares with a nominal value of £1. Subsequently, there was a reclassification of the share capital.