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DB Electrical Wholesale (UK) Ltd
Registered Number:05985974
For the year ended 31 March 2024
England and Wales
Report of the Directors and Financial Statements
2
For the year ended 31 March 2024
DB Electrical Wholesale (UK) Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
05985974
As at 31 March 2024
DB Electrical Wholesale (UK) Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
3,716
5,150
2
3,716
5,150
Current assets
Inventories
58,736
53,372
3
Trade and other receivables
133,973
172,701
4
93,151
Cash and cash equivalents
63,920
289,993
285,860
Trade and other payables: amounts falling due within one
year
(89,061)
(84,919)
5
196,799
205,074
Net current assets
Total assets less current liabilities
208,790
201,949
Trade and other payables: amounts falling due after more
than one year
(23,512)
(10,474)
6
(692)
(578)
Provisions for liabilities
197,624
Net assets
177,859
Capital and reserves
Called up share capital
100
100
Retained earnings
197,524
177,759
197,624
177,859
Shareholders' funds
For the year ended 31 March 2024 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 of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
D Blakeston Director
These financial statements were approved and authorised for issue by the Board on 22 October 2024 and were signed by:
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4
Registered Number :
05985974
For the year ended 31 March 2024
DB Electrical Wholesale (UK) Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 March 2024
DB Electrical Wholesale (UK) Ltd
Notes to the Financial Statements
Statutory Information
DB Electrical Wholesale (UK) Ltd is a private limited company, limited by shares, domiciled in England and Wales,
registration number 05985974.
Principal place of business:
36 Ropergate
Pontefract
West Yorkshire
WF8 1LY
Registered address:
36 Ropergate
Pontefract
West Yorkshire
WF8 1LY
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
15% Reducing balance
33 Reducing balance
Computer equipment
25% Reducing balance
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
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6
For the year ended 31 March 2024
DB Electrical Wholesale (UK) Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
equipment
Motor vehicles
Plant and
machinery
£
£
£
£
Cost or
valuation
At 01 April 2023
27,243
8,886
15,231
3,126
At 31 March 2024
3,126
15,231
8,886
27,243
Provision for depreciation and impairment
At 01 April 2023
22,093
6,438
13,028
2,627
Charge for year
1,434
808
551
75
At 31 March 2024
23,527
7,246
13,579
2,702
At 31 March 2024
Net book value
424
1,652
1,640
3,716
At 31 March 2023
499
2,203
2,448
5,150
Land & Buildings revaluation carried out 25 August 2021.
3. Inventories
2023
2024
£
£
Stocks
53,372
58,736
4. Trade and other receivables
2023
2024
£
£
Trade debtors
163,115
133,973
Other debtors
9,586
-
133,973
172,701
5. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
38,887
38,777
Taxation and social security
24,033
28,835
Debentures
18,617
18,617
Other creditors
3,382
2,832
84,919
89,061
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7
For the year ended 31 March 2024
DB Electrical Wholesale (UK) Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft
10,474
15,190
Other creditors
-
8,322
10,474
23,512
7. Average number of persons employed
During the year the average number of employees was 4 (2023 : 5)
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