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REGISTERED NUMBER: 09850887 (England and Wales)















FLICK ELECTRICAL WHOLESALE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

1 DECEMBER 2022 TO 31 DECEMBER 2023






FLICK ELECTRICAL WHOLESALE LIMITED (REGISTERED NUMBER: 09850887)






CONTENTS OF THE FINANCIAL STATEMENTS
for the period 1 December 2022 to 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

FLICK ELECTRICAL WHOLESALE LIMITED

COMPANY INFORMATION
for the period 1 December 2022 to 31 December 2023







DIRECTORS: D J Bury
M M Savastio
N D Osborne





REGISTERED OFFICE: The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW





REGISTERED NUMBER: 09850887 (England and Wales)





ACCOUNTANTS: Phoenix Associates Limited
Chartered Certified Accountants
The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW

FLICK ELECTRICAL WHOLESALE LIMITED (REGISTERED NUMBER: 09850887)

BALANCE SHEET
31 December 2023

31/12/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 170,551 159,404

CURRENT ASSETS
Stocks - 169,763
Debtors 5 1,580,541 1,826,855
Cash at bank and in hand 1,467 6,284
1,582,008 2,002,902
CREDITORS
Amounts falling due within one year 6 1,481,640 1,844,005
NET CURRENT ASSETS 100,368 158,897
TOTAL ASSETS LESS CURRENT
LIABILITIES

270,919

318,301

CREDITORS
Amounts falling due after more than one
year

7

(30,480

)

(87,532

)

PROVISIONS FOR LIABILITIES (32,405 ) (27,823 )
NET ASSETS 208,034 202,946

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 207,934 202,846
SHAREHOLDERS' FUNDS 208,034 202,946

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 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.

FLICK ELECTRICAL WHOLESALE LIMITED (REGISTERED NUMBER: 09850887)

BALANCE SHEET - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2024 and were signed on its behalf by:





D J Bury - Director


FLICK ELECTRICAL WHOLESALE LIMITED (REGISTERED NUMBER: 09850887)

NOTES TO THE FINANCIAL STATEMENTS
for the period 1 December 2022 to 31 December 2023

1. STATUTORY INFORMATION

Flick Electrical Wholesale 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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 period 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.

FLICK ELECTRICAL WHOLESALE LIMITED (REGISTERED NUMBER: 09850887)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 December 2022 to 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2022 - 13 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 2,462 9,700 169,601 1,696 183,459
Additions - - 50,590 3,892 54,482
Disposals (2,462 ) (8,145 ) - (3,892 ) (14,499 )
At 31 December 2023 - 1,555 220,191 1,696 223,442
DEPRECIATION
At 1 December 2022 1,641 5,122 15,596 1,696 24,055
Charge for period - - 35,044 - 35,044
Eliminated on disposal (1,641 ) (4,567 ) - - (6,208 )
At 31 December 2023 - 555 50,640 1,696 52,891
NET BOOK VALUE
At 31 December 2023 - 1,000 169,551 - 170,551
At 30 November 2022 821 4,578 154,005 - 159,404

FLICK ELECTRICAL WHOLESALE LIMITED (REGISTERED NUMBER: 09850887)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 1 December 2022 to 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2022
and 31 December 2023 34,100
DEPRECIATION
At 1 December 2022 12,276
Charge for period 6,405
At 31 December 2023 18,681
NET BOOK VALUE
At 31 December 2023 15,419
At 30 November 2022 21,824

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 30/11/22
£    £   
Trade debtors 1,554,876 1,825,855
Other debtors 25,665 1,000
1,580,541 1,826,855

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 30/11/22
£    £   
Bank loans and overdrafts - 43,260
Hire purchase contracts 21,535 11,593
Trade creditors 1,098,556 1,311,088
Taxation and social security 33,401 70,015
Other creditors 328,148 408,049
1,481,640 1,844,005

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 30/11/22
£    £   
Bank loans - 78,817
Hire purchase contracts 30,480 8,715
30,480 87,532

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
FLICK ELECTRICAL WHOLESALE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Flick Electrical Wholesale Limited for the period ended 31 December 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Flick Electrical Wholesale Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Flick Electrical Wholesale Limited and state those matters that we have agreed to state to the Board of Directors of Flick Electrical Wholesale Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Flick Electrical Wholesale Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Flick Electrical Wholesale Limited. You consider that Flick Electrical Wholesale Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Flick Electrical Wholesale Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Phoenix Associates Limited
Chartered Certified Accountants
The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW


24 April 2024