Company registration number 01866022 (England and Wales)
MALVERN ELECTRICAL WHOLESALE LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
PAGES FOR FILING WITH REGISTRAR
MALVERN ELECTRICAL WHOLESALE LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2023
31 December 2023
- 1 -
2023
2022
£
£
£
£
Fixed assets
1,895
2,989
Current assets
188,873
214,443
Prepayments and accrued income
3,182
5,224
Creditors: amounts falling due within one year
(153,942)
(177,489)
Net current assets
38,113
42,178
Total assets less current liabilities
40,008
45,167
Creditors: amounts falling due after more than one year
(7,200)
(12,000)
Net assets
32,808
33,167
Capital and reserves
32,808
33,167
Notes to the financial statements
1
Financial commitments, guarantees and contingencies
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall as follows:
Due within 1 year: £49,174 (2022: £46,040)
Due between 2 and 5 years: £180,951 (2022: £164,055)
Due in more than 5 years: £62,738 (2022: £103,542)
The company took out a lease in 2015 on the property they trade out of, this lease is for a period of 15 years and expires in 2030, with amounts being paid quarterly. This lease is reflected in the commitments disclosed above.
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2023
2022
Number
Number
Employees
6
6
Malvern Electrical Wholesale Limited is a private company limited by shares incorporated in England and Wales. The registered office is West Point, Second Floor, Mucklow Office Park, Mucklow Hill, Halesowen, West Midlands, England, B62 8DY.
For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
MALVERN ELECTRICAL WHOLESALE LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023
31 December 2023
- 2 -
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has relied on the specified exemption as a micro company contained in section 352 Companies Act 2014; the company has done so on the grounds that it is entitled to the benefit of that exemption as a small company and we confirm that the abridged financial statements have been properly prepared in accordance with section 353 Companies Act 2014.true
The financial statements were approved by the board of directors and authorised for issue on 24 September 2024 and are signed on its behalf by:
Mr R Harding
Director
Company registration number 01866022 (England and Wales)