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REGISTERED NUMBER: 11849898 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Service Electrical Distributors Ltd

Service Electrical Distributors Ltd (Registered number: 11849898)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Service Electrical Distributors Ltd

Company Information
for the Year Ended 31 July 2024







DIRECTOR: M D Redfern





REGISTERED OFFICE: Unit B2 Kingfisher Estate
Hawthorne Road
Liverpool
Merseyside
L20 6PF





REGISTERED NUMBER: 11849898 (England and Wales)





ACCOUNTANTS: Topping & Company
Chartered Accountants
209 Liverpool Road
Birkdale
Southport
Merseyside
PR8 4PH

Service Electrical Distributors Ltd (Registered number: 11849898)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 121,860 85,154

CURRENT ASSETS
Stocks 456,175 432,706
Debtors 5 1,567,264 1,641,922
Cash at bank and in hand 109,105 35,110
2,132,544 2,109,738
CREDITORS
Amounts falling due within one year 6 1,296,324 1,481,014
NET CURRENT ASSETS 836,220 628,724
TOTAL ASSETS LESS CURRENT
LIABILITIES

958,080

713,878

CREDITORS
Amounts falling due after more than one
year

7

(26,210

)

(18,333

)

PROVISIONS FOR LIABILITIES (30,465 ) (21,289 )
NET ASSETS 901,405 674,256

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Share premium 197,500 197,500
Retained earnings 693,905 466,756
901,405 674,256

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Service Electrical Distributors Ltd (Registered number: 11849898)

Balance Sheet - continued
31 July 2024


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 director and authorised for issue on 20 November 2024 and were signed by:





M D Redfern - Director


Service Electrical Distributors Ltd (Registered number: 11849898)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Service Electrical Distributors Ltd 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.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of financial statements, in conformity with generally accepted accounting principles, requires the use of estimates and judgements that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Although these estimates are based on the Directors' best knowledge of current events and actions, actual results ultimately may differ from those estimates.

The Directors do not consider there to be any estimates and judgements in connection with the preparation of the Company's year ended 31 July 2024 financial statements that may have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities at the balance sheet date of 31 July 2024

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.
Plant and machinery etc - 25% on cost and 10% 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.

Service Electrical Distributors Ltd (Registered number: 11849898)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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 13 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 166,194
Additions 86,768
At 31 July 2024 252,962
DEPRECIATION
At 1 August 2023 81,040
Charge for year 50,062
At 31 July 2024 131,102
NET BOOK VALUE
At 31 July 2024 121,860
At 31 July 2023 85,154

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 1,439,522 1,576,418
Other debtors 127,742 65,504
1,567,264 1,641,922

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 6,495 -
Trade creditors 899,249 547,614
Taxation and social security 201,778 176,175
Other creditors 178,802 747,225
1,296,324 1,481,014

Service Electrical Distributors Ltd (Registered number: 11849898)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 8,333 18,333
Hire purchase contracts 17,877 -
26,210 18,333

8. ULTIMATE CONTROLLING PARTY

The controlling party is M D Redfern.