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REGISTERED NUMBER: 06120493 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Electrical Distribution Solutions Ltd

Electrical Distribution Solutions Ltd (Registered number: 06120493)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Electrical Distribution Solutions Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: E Bradley
A Porteous





SECRETARY: A Porteous





REGISTERED OFFICE: Unit B5 Hilton Trading Estate
Hilton Road
Wolverhampton
WV4 6DW





REGISTERED NUMBER: 06120493 (England and Wales)





ACCOUNTANTS: Davies Archytas Accountants Ltd
14, The Oaks
Clews Road
Redditch
Worcestershire
B98 7ST

Electrical Distribution Solutions Ltd (Registered number: 06120493)

Abridged Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 279,331 288,429

CURRENT ASSETS
Stocks 100,000 80,000
Debtors 832,579 678,133
Cash at bank 427,348 422,354
1,359,927 1,180,487
CREDITORS
Amounts falling due within one year 617,189 625,602
NET CURRENT ASSETS 742,738 554,885
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,022,069

843,314

CREDITORS
Amounts falling due after more than one
year

(93,055

)

(228,432

)

PROVISIONS FOR LIABILITIES (26,963 ) (28,614 )
NET ASSETS 902,051 586,268

CAPITAL AND RESERVES
Called up share capital 7 2 2
Retained earnings 902,049 586,266
SHAREHOLDERS' FUNDS 902,051 586,268

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Electrical Distribution Solutions Ltd (Registered number: 06120493)

Abridged Statement of Financial Position - continued
31 January 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 July 2024 and were signed on its behalf by:





A Porteous - Director


Electrical Distribution Solutions Ltd (Registered number: 06120493)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Electrical Distribution Solutions Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% 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 year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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

Electrical Distribution Solutions Ltd (Registered number: 06120493)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

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 year was 11 (2023 - 10 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 646,778
Additions 133,817
Disposals (55,913 )
At 31 January 2024 724,682
DEPRECIATION
At 1 February 2023 358,349
Charge for year 99,688
Eliminated on disposal (12,686 )
At 31 January 2024 445,351
NET BOOK VALUE
At 31 January 2024 279,331
At 31 January 2023 288,429

5. LOANS

An analysis of the maturity of loans is given below:

31.1.24 31.1.23
£    £   
Amounts falling due within one year or on demand:
Other loans 40,337 113,775

Amounts falling due between one and two years:
Other loans - 1-2 years - 126,214

6. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Hire purchase contracts 153,891 170,351

Electrical Distribution Solutions Ltd (Registered number: 06120493)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
2 Ordinary £1 2 2

8. ULTIMATE CONTROLLING PARTY

The controlling parties during the year under review were the directors by virtue of their 100% holding of the issued share capital.