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REGISTERED NUMBER: 01258993 (England and Wales)















Report of the Directors and

Unaudited Financial Statements

for the Year Ended 31 December 2023

for

A N SUPPLIES (WHOLESALE ELECTRICAL
DISTRIBUTORS) LIMITED

A N SUPPLIES (WHOLESALE ELECTRICAL
DISTRIBUTORS) LIMITED (REGISTERED NUMBER: 01258993)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5

Chartered Accountants' Report 9

A N SUPPLIES (WHOLESALE ELECTRICAL
DISTRIBUTORS) LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Jeremy Cooke
Christopher Northrop





SECRETARY:





REGISTERED OFFICE: North Road
Bridgend Industrial Estate
Bridgend
Mid Glamorgan
CF31 3TP





REGISTERED NUMBER: 01258993 (England and Wales)





ACCOUNTANTS: James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY

A N SUPPLIES (WHOLESALE ELECTRICAL
DISTRIBUTORS) LIMITED (REGISTERED NUMBER: 01258993)

Report of the Directors
for the Year Ended 31 December 2023

The directors present their report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of wholesale supply of electrical goods.

REVIEW OF BUSINESS

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

Jeremy Cooke
Christopher Northrop

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Jeremy Cooke - Director


24 September 2024

A N SUPPLIES (WHOLESALE ELECTRICAL
DISTRIBUTORS) LIMITED (REGISTERED NUMBER: 01258993)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 236,662 204,451
Investments 5 359,954 476,538
596,616 680,989

CURRENT ASSETS
Stocks 1,050,595 1,398,306
Debtors 6 2,407,326 2,399,011
Cash at bank and in hand 432 3,419
3,458,353 3,800,736
CREDITORS
Amounts falling due within one year 7 2,722,283 3,133,373
NET CURRENT ASSETS 736,070 667,363
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,332,686

1,348,352

CREDITORS
Amounts falling due after more than one
year

8

(129,649

)

(178,585

)

PROVISIONS FOR LIABILITIES - (5,867 )
NET ASSETS 1,203,037 1,163,900

CAPITAL AND RESERVES
Called up share capital 3,000 3,000
Retained earnings 1,200,037 1,160,900
1,203,037 1,163,900

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

A N SUPPLIES (WHOLESALE ELECTRICAL
DISTRIBUTORS) LIMITED (REGISTERED NUMBER: 01258993)

Balance Sheet - continued
31 December 2023


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 24 September 2024 and were signed on its behalf by:





Jeremy Cooke - Director


A N SUPPLIES (WHOLESALE ELECTRICAL
DISTRIBUTORS) LIMITED (REGISTERED NUMBER: 01258993)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

A N Supplies (Wholesale Electrical Distributors) 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 as modified by the revaluation of certain assets.

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.
Fixtures and fittings - 20% on cost
Motor vehicles - 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 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.

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 44 (2022 - 39 ) .

A N SUPPLIES (WHOLESALE ELECTRICAL
DISTRIBUTORS) LIMITED (REGISTERED NUMBER: 01258993)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 January 2023 631,169 301,221 932,390
Additions 25,431 166,557 191,988
Disposals - (90,249 ) (90,249 )
At 31 December 2023 656,600 377,529 1,034,129
DEPRECIATION
At 1 January 2023 594,138 133,801 727,939
Charge for year 22,496 109,473 131,969
Eliminated on disposal - (62,441 ) (62,441 )
At 31 December 2023 616,634 180,833 797,467
NET BOOK VALUE
At 31 December 2023 39,966 196,696 236,662
At 31 December 2022 37,031 167,420 204,451

5. FIXED ASSET INVESTMENTS
Other
Investments
£   
COST OR VALUATION
At 1 January 2023 476,538
Additions 32
Disposals (31,052 )
Revaluations (85,564 )
At 31 December 2023 359,954
NET BOOK VALUE
At 31 December 2023 359,954
At 31 December 2022 476,538

Cost or valuation at 31 December 2023 is represented by:

Other
Investments
£   
Valuation in 2018 218,705
Valuation in 2019 113,917
Valuation in 2020 241,966
Valuation in 2021 338,992
Valuation in 2022 (437,042 )
Valuation in 2023 (116,584 )
359,954

A N SUPPLIES (WHOLESALE ELECTRICAL
DISTRIBUTORS) LIMITED (REGISTERED NUMBER: 01258993)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. FIXED ASSET INVESTMENTS - continued

If other Investments had not been revalued they would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 443,177 443,177

Other investments consist of both listed and unlisted shares. The listed shares were revalued at the 31/12/2022 by an independent broker. The unlisted shares were valued by the directors as at the same date.

6. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 1,883,980 1,924,154
Amounts owed by group undertakings 403,278 406,778
Other debtors 109,282 67,786
2,396,540 2,398,718

Amounts falling due after more than one year:
Other debtors 10,786 293

Aggregate amounts 2,407,326 2,399,011

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts (see note 9) 1,240,129 1,444,726
Hire purchase contracts 76,465 61,879
Trade creditors 1,099,703 1,232,899
Taxation and social security 154,191 64,914
Other creditors 151,795 328,955
2,722,283 3,133,373

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans (see note 9) 69,417 118,417
Hire purchase contracts 60,232 60,168
129,649 178,585

A N SUPPLIES (WHOLESALE ELECTRICAL
DISTRIBUTORS) LIMITED (REGISTERED NUMBER: 01258993)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

9. LOANS

An analysis of the maturity of loans is given below:

31.12.23 31.12.22
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 1,191,129 1,395,726
Bank loans 49,000 49,000
1,240,129 1,444,726

Amounts falling due between one and two years:
Bank loans - 1-2 years 49,000 49,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 20,417 69,417

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
Jeremy Cooke
Balance outstanding at start of year 1,793 1,699
Amounts advanced 31,050 94
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 32,843 1,793

Christopher Northrop
Balance outstanding at start of year 1,765 2,149
Amounts advanced 142 716
Amounts repaid - (1,100 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,907 1,765

11. ULTIMATE CONTROLLING PARTY

Steels Management Limited is the ultimate controlling party.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
A N Supplies (Wholesale Electrical
Distributors) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A N Supplies (Wholesale Electrical Distributors) Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of A N Supplies (Wholesale Electrical Distributors) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A N Supplies (Wholesale Electrical Distributors) Limited and state those matters that we have agreed to state to the Board of Directors of A N Supplies (Wholesale Electrical Distributors) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A N Supplies (Wholesale Electrical Distributors) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A N Supplies (Wholesale Electrical Distributors) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A N Supplies (Wholesale Electrical Distributors) Limited. You consider that A N Supplies (Wholesale Electrical Distributors) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A N Supplies (Wholesale Electrical Distributors) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






James de Frias
Chartered Accountants
Llanover House
Llanover Road
Pontypridd
Rhondda Cynon Taff
CF37 4DY


26 September 2024