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REGISTERED NUMBER: 00978362 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

B.HORROCKS(ELECTRICAL WHOLESALERS)
LIMITED

B.HORROCKS(ELECTRICAL WHOLESALERS)
LIMITED (REGISTERED NUMBER: 00978362)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


B.HORROCKS(ELECTRICAL WHOLESALERS)
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mrs M Horrocks
Mrs L V Horrocks
Mr B Horrocks
Mr D Horrocks
Mrs J K Horrocks





SECRETARY: Mr B Horrocks





REGISTERED OFFICE: 123 Wellington Road South
Stockport
Cheshire
SK1 3TH





REGISTERED NUMBER: 00978362 (England and Wales)





ACCOUNTANTS: Allens Accountants Limited
Chartered Accountants
123 Wellington Road South
Stockport
Cheshire
SK1 3TH

B.HORROCKS(ELECTRICAL WHOLESALERS)
LIMITED (REGISTERED NUMBER: 00978362)

BALANCE SHEET
31 MAY 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 602 483
Investment property 5 983,544 983,544
984,146 984,027

CURRENT ASSETS
Debtors 6 9,224 16,119
Cash at bank 100,144 85,948
109,368 102,067
CREDITORS
Amounts falling due within one year 7 224,734 221,775
NET CURRENT LIABILITIES (115,366 ) (119,708 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

868,780

864,319

PROVISIONS FOR LIABILITIES 35,078 35,089
NET ASSETS 833,702 829,230

CAPITAL AND RESERVES
Called up share capital 8 2,150 2,150
Fair value reserve 825,447 825,447
Retained earnings 6,105 1,633
SHAREHOLDERS' FUNDS 833,702 829,230

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

B.HORROCKS(ELECTRICAL WHOLESALERS)
LIMITED (REGISTERED NUMBER: 00978362)

BALANCE SHEET - continued
31 MAY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 October 2023 and were signed on its behalf by:




Mr B Horrocks - Director



Mr D Horrocks - Director


B.HORROCKS(ELECTRICAL WHOLESALERS)
LIMITED (REGISTERED NUMBER: 00978362)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

B.Horrocks(Electrical Wholesalers) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents the total amount receivable by the company for goods supplied and services provided, excluding value added tax and trade discounts.

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 cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

B.HORROCKS(ELECTRICAL WHOLESALERS)
LIMITED (REGISTERED NUMBER: 00978362)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 5,928
Additions 400
At 31 May 2023 6,328
DEPRECIATION
At 1 June 2022 5,445
Charge for year 281
At 31 May 2023 5,726
NET BOOK VALUE
At 31 May 2023 602
At 31 May 2022 483

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 983,544
NET BOOK VALUE
At 31 May 2023 983,544
At 31 May 2022 983,544

In the opinion of the directors the company's investment properties are included in the accounts at a value which represents their open market value.

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2012 842,754
Valuation in 2021 30,000
Cost 110,790
983,544

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Trade debtors 8,323 9,706
Other debtors 901 6,413
9,224 16,119

B.HORROCKS(ELECTRICAL WHOLESALERS)
LIMITED (REGISTERED NUMBER: 00978362)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Taxation and social security 29,105 28,362
Other creditors 195,629 193,413
224,734 221,775

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/5/23 31/5/22
value: £    £   
2,150 Ordinary £1 2,150 2,150

9. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.