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Company No: 07867192 (England and Wales)

TRADESMAN ELECTRICAL DISTRIBUTORS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

TRADESMAN ELECTRICAL DISTRIBUTORS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

TRADESMAN ELECTRICAL DISTRIBUTORS LIMITED

BALANCE SHEET

As at 31 December 2023
TRADESMAN ELECTRICAL DISTRIBUTORS LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Current assets
Stocks 2 4,418 4,418
Debtors 3 451 451
4,869 4,869
Creditors: amounts falling due within one year 4 ( 4,092) ( 4,092)
Net current assets 777 777
Total assets less current liabilities 777 777
Creditors: amounts falling due after more than one year 5 ( 25,552) ( 25,552)
Net liabilities ( 24,775) ( 24,775)
Capital and reserves
Called-up share capital 1 1
Profit and loss account ( 24,776 ) ( 24,776 )
Total shareholders' deficit ( 24,775) ( 24,775)

Tradesman Electrical Distributors Limited (registered number: 07867192) did not trade during the current or preceding financial year and has made neither profit nor loss, nor any other comprehensive income. There have been no movements in shareholders’ funds during the current or preceding financial year and therefore no Statement of Changes of Equity has been included. For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The financial statements of Tradesman Electrical Distributors Limited (registered number: 07867192) were approved and authorised for issue by the Board of Directors on 16 September 2024. They were signed on its behalf by:

David Ian Goode
Director
TRADESMAN ELECTRICAL DISTRIBUTORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
TRADESMAN ELECTRICAL DISTRIBUTORS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Tradesman Electrical Distributors Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1a Wyncombe Road, Bournemouth, BH5 2JU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Stocks

2023 2022
£ £
Stocks 4,418 4,418

3. Debtors

2023 2022
£ £
Other debtors 451 451

4. Creditors: amounts falling due within one year

2023 2022
£ £
Other creditors 4,092 4,092

5. Creditors: amounts falling due after more than one year

2023 2022
£ £
Other creditors 25,552 25,552

There are no amounts included above in respect of which any security has been given by the small entity.