Company Registration No. 03667109 (England and Wales)
HARBRO ELECTRICAL WHOLESALE LIMITED
Unaudited accounts
for the year ended 31 December 2023
HARBRO ELECTRICAL WHOLESALE LIMITED
Unaudited accounts
Contents
HARBRO ELECTRICAL WHOLESALE LIMITED
Company Information
for the year ended 31 December 2023
Directors
Philip Andrew Harboard
David William Harboard
Company Number
03667109 (England and Wales)
Registered Office
6-7 WHITWORTH ROAD
SOUTH WEST INDUSTRIAL ESTATE
PETERLEE
COUNTY DURHAM
SR8 2LY
Accountants
Fortis Accountancy Services Limited
13T Queensway House
Queensway
Middlesbrough
TS3 8TF
HARBRO ELECTRICAL WHOLESALE LIMITED
Statement of financial position
as at 31 December 2023
Tangible assets
1,075
10,876
Inventories
349,185
462,039
Cash at bank and in hand
142,325
78,180
Creditors: amounts falling due within one year
(203,949)
(206,412)
Net current assets
287,561
333,807
Total assets less current liabilities
288,636
344,683
Creditors: amounts falling due after more than one year
(138,428)
(194,830)
Net assets
150,208
149,853
Called up share capital
75,150
75,150
Profit and loss account
75,058
74,703
Shareholders' funds
150,208
149,853
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
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
Philip Andrew Harboard
Director
Company Registration No. 03667109
HARBRO ELECTRICAL WHOLESALE LIMITED
Notes to the Accounts
for the year ended 31 December 2023
HARBRO ELECTRICAL WHOLESALE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 03667109. The registered office is 6-7 WHITWORTH ROAD, SOUTH WEST INDUSTRIAL ESTATE, PETERLEE, COUNTY DURHAM, SR8 2LY.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2023
14,798
24,404
39,202
At 31 December 2023
14,798
24,404
39,202
At 1 January 2023
10,878
17,448
28,326
Charge for the year
3,700
6,101
9,801
At 31 December 2023
14,578
23,549
38,127
At 31 December 2023
220
855
1,075
At 31 December 2022
3,920
6,956
10,876
HARBRO ELECTRICAL WHOLESALE LIMITED
Notes to the Accounts
for the year ended 31 December 2023
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
101,582
-
Taxes and social security
5,215
7,442
Loans from directors
84,223
72,888
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Creditors: amounts falling due after more than one year
2023
2022
Bank loans
138,428
194,830
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Average number of employees
During the year the average number of employees was 0 (2022: 0).