Thames Electrical Supplies Ltd


FINANCIAL STATEMENTS


for the year ended 31st January 2024



Thames Electrical Supplies Ltd

CONTENTS

for the year ended 31st January 2024







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

Thames Electrical Supplies Ltd

Company No. 09395680

STATEMENT OF FINANCIAL POSITION

as at 31st January 2024

20242023
Note£££
FIXED ASSETS
Property, plant and equipment49564587115
9564587115
CURRENT ASSETS
Stocks510763973406
Debtors6363318294479
Cash at bank and in hand203924288898
674881656783
CURRENT LIABILITIES
Creditors: amounts falling due
within one year7403164382576
NET CURRENT ASSETS271717274207
TOTAL ASSETS LESS CURRENT LIABILITIES367362361322
 
Creditors: amounts falling due
after more than one year84600046000
 
NET ASSETS321362315322
 
CAPITAL AND RESERVES
Called up share capital100100
Retained earnings321262315222
SHAREHOLDERS FUNDS321362315322

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 31st January 2024 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 25 October 2024


K A Grimes

Director

Company Number 09395680 (England)

Thames Electrical Supplies Ltd

NOTES TO THE ACCOUNTS

for the year ended 31st January 2024


1   Statutory information

Thames Electrical Supplies Ltd is a private company limited by shares and registered under company number 09395680 in England. Its registered office address is 12 Hatherley Road, Sidcup, Kent DA!4 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles25% reducing balance

Stocks

Stocks are valued at the lower of cost and expected selling price less any costs to sell.

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

3   Employee information

The average number of employees during the accounting period was 6 (2023 - 6).

4   Property, plant and equipment
 
PlantFixtures
Motorandand
VehiclesMachineryFittingsTotal
££££
Cost
At 1st February 2023 1035467946717352200365
Additions-53747-53747
At 31st January 202410354613321417352254112
 
Depreciation
At 1st February 2023 71502341367612113250
Charge for year801134770243645217
At 31st January 2024795136890610048158467
 
Net Book Value
At 31st January 20242403364308730495645
At 31st January 20233204445331974087115

5   Stocks20242023
££
 
Finished goods and goods for resale10763973406
10763973406

The difference between purchase price or production cost of stocks and their replacement cost is not material.


6   Debtors20242023
££
 
Trade Debtors363318294479
363318294479

7   Creditors: amounts falling due within one year20242023
££
 
Loans and Overdrafts40004000
Trade Creditors228044166062
Corporation tax692212691
Taxes and social security costs2859733340
Other creditors7977960183
Accruals and deferred income55822106300
403164382576

8   Creditors: amounts falling due after one year20242023
££
 
Loans and Overdrafts4600046000
4600046000

9   Loans20242023
££
Analysis of maturity of debt:
 
Within one year40004000
Between one and five years4600046000
5000050000

10   Transactions with Directors

There were no transactions with Directors except as reflected in the Director's loan account for each Director. The closing balances of each account are as detailed below. Credit balances are shown without brackets. These balances are included in the figure for "Creditors and Accruals" in the accounts. Overdrawn balances are included in the figure for "Other Debtors".

20242023
££
 
K A Grimes1769217692
S J Glover1151711517
2920929209

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