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Company Registration No. 06008949 (England and Wales)
SEVENKING ELECTRICAL WHOLESALER LTD Unaudited accounts for the year ended 31 January 2023
SEVENKING ELECTRICAL WHOLESALER LTD Unaudited accounts Contents
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SEVENKING ELECTRICAL WHOLESALER LTD Company Information for the year ended 31 January 2023
Director
Gurdeep Jheeta
Company Number
06008949 (England and Wales)
Registered Office
415 GREEN STREET UPTON PARK LONDON E13 9AU
Accountants
Z&Z Accountants Ltd 952 Eastern Avenue Ilford IG2 7JD
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SEVENKING ELECTRICAL WHOLESALER LTD Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,746 
9,683 
Current assets
Inventories
7,943 
- 
Debtors
101,100 
122,586 
Cash at bank and in hand
(5,469)
2,146 
103,574 
124,732 
Creditors: amounts falling due within one year
(84,917)
(107,117)
Net current assets
18,657 
17,615 
Total assets less current liabilities
26,403 
27,298 
Creditors: amounts falling due after more than one year
(10,536)
(13,355)
Net assets
15,867 
13,943 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
15,866 
13,942 
Shareholders' funds
15,867 
13,943 
For the year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 October 2023 and were signed on its behalf by
Gurdeep Jheeta Director Company Registration No. 06008949
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SEVENKING ELECTRICAL WHOLESALER LTD Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
SEVENKING ELECTRICAL WHOLESALER LTD is a private company, limited by shares, registered in England and Wales, registration number 06008949. The registered office is 415 GREEN STREET, UPTON PARK, LONDON, E13 9AU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% Reducing Balance
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 February 2022
15,130 
At 31 January 2023
15,130 
Depreciation
At 1 February 2022
5,447 
Charge for the year
1,937 
At 31 January 2023
7,384 
Net book value
At 31 January 2023
7,746 
At 31 January 2022
9,683 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
101,100 
122,586 
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SEVENKING ELECTRICAL WHOLESALER LTD Notes to the Accounts for the year ended 31 January 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
44 
- 
Other creditors
79,120 
103,778 
Loans from directors
5,253 
2,839 
Accruals
500 
500 
84,917 
107,117 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
10,536 
13,355 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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