Company registration number 01196535 (England and Wales)
T.L. CARR (ELECTRICAL SUPPLIES) LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
T.L. CARR (ELECTRICAL SUPPLIES) LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 4
T.L. CARR (ELECTRICAL SUPPLIES) LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 MAY 2024
31 May 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Trade and other receivables
3
10,000
10,000
Net current assets
10,000
10,000
Equity
-
-
Called up share capital
4
10,000
10,000

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 31 January 2025 and are signed on its behalf by:
Mr Terence Carr
Director
Company registration number 01196535 (England and Wales)
T.L. CARR (ELECTRICAL SUPPLIES) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 2 -
1
Accounting policies
Company information

T.L. Carr (Electrical Supplies) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 1a William Way, Burgess Hill, West Sussex, RH15 9AG.

1.1
Reporting period

The prior reporting period was extended an additional five months to 31 May 2023, making a seventeen month period. The accounting period was extended in order to align the accounting period with the new parent company. Therefore, the comparative figures presented in the financial statements are not entirely comparable.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in Sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Going concern

On 3true1 December 2021, the company was purchased by TLC (Southern) Limited. At that date, all assets and liabilities and the trade were transferred to the new parent company.

 

The directors are planning on winding down the entity in order to become a dormant company. Therefore, the going concern basis is not appropriate, therefore the directors have prepared the financial statements on a basis other than that of a going concern. This basis includes writing down the company's assets to net realisable value.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

Basic financial liabilities

Basic financial liabilities, including trade and other payables, are initially recognised at transaction price unless the arrangement constitutes a financing transaction. Financial liabilities classified as payable within one year are not amortised.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

T.L. CARR (ELECTRICAL SUPPLIES) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 2 (2023 - 2).

3
Trade and other receivables
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
10,000
10,000
4
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
10,000
10,000
10,000
10,000

Ordinary shares have attached to them full voting, dividend and capital distribution (including on winding up) rights.

5
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Tony Summers BA FCA
Statutory Auditor:
Sumer Audit
Date of audit report:
31 January 2025
Sumer Audit is the trading name of Sumer Auditco Limited
6
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases totalling £nil (2023 - £77,220).

Operating lease rentals were recharged to, and paid by, the parent company.

T.L. CARR (ELECTRICAL SUPPLIES) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 4 -
7
Parent company

The parent company is TLC (Southern) Limited, whose registered office is The TLC Building, Newton Road, Cawley, West Sussex, England, RH10 9TS.

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