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REGISTERED NUMBER: 08987361 (England and Wales)





















Unaudited Financial Statements for the Year Ended 31 March 2024

for

SND ELECTRICAL WHOLESALERS (UK) LIMITED

SND ELECTRICAL WHOLESALERS (UK) LIMITED (Registered number: 08987361)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SND ELECTRICAL WHOLESALERS (UK) LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: J S Bhambra
Mrs A K Bhambra
Mrs S K Bhambra
D S Bhambra
S Bhambra





REGISTERED OFFICE: 25 Constitution Hill
Birmingham
B19 3LG





REGISTERED NUMBER: 08987361 (England and Wales)





ACCOUNTANTS: A K Patel & Co. Chartered Accountants
1 Coton Lane
Erdington
Birmingham
West Midlands
B23 6TP

SND ELECTRICAL WHOLESALERS (UK) LIMITED (Registered number: 08987361)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,096 4,096
Tangible assets 5 146,128 178,116
150,224 182,212

CURRENT ASSETS
Stocks 1,639,379 1,398,256
Debtors 6 1,308,581 1,305,286
Cash at bank and in hand 19,530 184,032
2,967,490 2,887,574
CREDITORS
Amounts falling due within one year 7 1,336,509 987,326
NET CURRENT ASSETS 1,630,981 1,900,248
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,781,205

2,082,460

CREDITORS
Amounts falling due after more than one
year

8

(104,175

)

(274,171

)

PROVISIONS FOR LIABILITIES (34,974 ) (35,941 )
NET ASSETS 1,642,056 1,772,348

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 1,641,856 1,772,148
SHAREHOLDERS' FUNDS 1,642,056 1,772,348

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

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

SND ELECTRICAL WHOLESALERS (UK) LIMITED (Registered number: 08987361)

Balance Sheet - continued
31 March 2024


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 8 August 2024 and were signed on its behalf by:




J S Bhambra - Director



S Bhambra - Director


SND ELECTRICAL WHOLESALERS (UK) LIMITED (Registered number: 08987361)

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

1. STATUTORY INFORMATION

SND ELECTRICAL WHOLESALERS (UK) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Registration number is being amortised evenly over its estimated useful life of nil years.

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 reducing balance and 15% on reducing balance

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 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.

SND ELECTRICAL WHOLESALERS (UK) LIMITED (Registered number: 08987361)

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

2. ACCOUNTING POLICIES - continued

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.

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 20 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 395,000 4,096 399,096
AMORTISATION
At 1 April 2023
and 31 March 2024 395,000 - 395,000
NET BOOK VALUE
At 31 March 2024 - 4,096 4,096
At 31 March 2023 - 4,096 4,096

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 354,487
Additions 3,579
At 31 March 2024 358,066
DEPRECIATION
At 1 April 2023 176,371
Charge for year 35,567
At 31 March 2024 211,938
NET BOOK VALUE
At 31 March 2024 146,128
At 31 March 2023 178,116

SND ELECTRICAL WHOLESALERS (UK) LIMITED (Registered number: 08987361)

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

6. DEBTORS
31.3.24 31.3.23
£    £   
Amounts falling due within one year:
Trade debtors 721,914 691,196
Other debtors 26,667 54,090
748,581 745,286

Amounts falling due after more than one year:
Other debtors 560,000 560,000

Aggregate amounts 1,308,581 1,305,286

During the period, interest charged on Directors' Loan Accounts overdrawn has been treated as Benefit In Kind.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 22,724 -
Trade creditors 804,822 565,272
Taxation and social security 163,682 201,735
Other creditors 345,281 220,319
1,336,509 987,326

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 104,175 274,171

Amounts falling due in more than five years:

Repayable by instalments
CBILS bank loan 104,175 274,171

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
J S Bhambra
Balance outstanding at start of year (9,411 ) 16,532
Amounts advanced 45,027 18,100
Amounts repaid (72,291 ) (44,043 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (36,675 ) (9,411 )

SND ELECTRICAL WHOLESALERS (UK) LIMITED (Registered number: 08987361)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs A K Bhambra
Balance outstanding at start of year (5,310 ) 18,827
Amounts advanced 12,677 16,726
Amounts repaid (7,367 ) (40,863 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (5,310 )

Mrs S K Bhambra
Balance outstanding at start of year (9,061 ) 9,862
Amounts advanced 1,232 14,274
Amounts repaid (1,290 ) (33,197 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (9,119 ) (9,061 )

D S Bhambra
Balance outstanding at start of year (108 ) 127
Amounts advanced 115,042 1,177
Amounts repaid (116,290 ) (1,412 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,356 ) (108 )

S Bhambra
Balance outstanding at start of year (7,137 ) (6,960 )
Amounts advanced 1,283 8,068
Amounts repaid (1,290 ) (8,245 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (7,144 ) (7,137 )

10. RELATED PARTY DISCLOSURES

Mr J S Bhambra, Late Mr H S Bhambra (Estate), Mrs A K Bhambra and Mrs S K Bhambra have material interest in the property situated 25 Constitution Hill, Hockley, Birmingham, B19 3LG from which the company is trading.

During the year under review the company sold £nil (2023-£nil) of stock to Cristal De Settat Lighting Limited and bought £15,390 (2023-£nil) of stock from Cristal De Settat Lighting Limited, which is 82.5 % owned by directors of the company, in the ordinary course of business and under normal trading conditions. Amount outstanding on Sale Ledger as at 31 March 2024 £nil (2023-£5,174) and Purchase Ledger as at 31 March 2024 £12,888 (2023- £4,896).

The company paid rent £50,000 (2023-£50.000) for the use of properties situated 58-62 Lower Tower Street, Birmingham, B19 3NL as warehouses, the premises are owned by pension fund of Mr J S Bhambra, late Mr H S Bhambra, Mrs A K Bhambra, Mrs S K Bhambra, Mr D S Bhambra and Mr S S Bhambra, the directors.