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REGISTERED NUMBER: 12147025 (England and Wales)















HATTON ELECTRICAL WHOLESALE (REDDITCH)
LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






HATTON ELECTRICAL WHOLESALE (REDDITCH)
LIMITED (REGISTERED NUMBER: 12147025)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HATTON ELECTRICAL WHOLESALE (REDDITCH)
LIMITED

COMPANY INFORMATION
For The Year Ended 31 AUGUST 2024







DIRECTORS: L C Lane
C R Rowberry





REGISTERED OFFICE: 8 Church Green East
Redditch
Worcestershire
B98 8BP





REGISTERED NUMBER: 12147025 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

HATTON ELECTRICAL WHOLESALE (REDDITCH)
LIMITED (REGISTERED NUMBER: 12147025)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,203 25,463

CURRENT ASSETS
Stocks 95,131 60,529
Debtors 5 82,589 87,546
Cash at bank 147 12,064
177,867 160,139
CREDITORS
Amounts falling due within one year 6 233,756 219,288
NET CURRENT LIABILITIES (55,889 ) (59,149 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(35,686

)

(33,686

)

CREDITORS
Amounts falling due after more than one
year

7

26,390

43,958
NET LIABILITIES (62,076 ) (77,644 )

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings (62,080 ) (77,648 )
SHAREHOLDERS' FUNDS (62,076 ) (77,644 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

HATTON ELECTRICAL WHOLESALE (REDDITCH)
LIMITED (REGISTERED NUMBER: 12147025)

BALANCE SHEET - continued
31 AUGUST 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 Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:





L C Lane - Director


HATTON ELECTRICAL WHOLESALE (REDDITCH)
LIMITED (REGISTERED NUMBER: 12147025)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 AUGUST 2024


1. STATUTORY INFORMATION

Hatton Electrical Wholesale (Redditch) 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.

The financial statements have been prepared on a going concern basis in anticipation of continued support from principal sources of finance.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

HATTON ELECTRICAL WHOLESALE (REDDITCH)
LIMITED (REGISTERED NUMBER: 12147025)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 AUGUST 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 47,299
DEPRECIATION
At 1 September 2023 21,836
Charge for year 5,260
At 31 August 2024 27,096
NET BOOK VALUE
At 31 August 2024 20,203
At 31 August 2023 25,463

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 25,092
DEPRECIATION
At 1 September 2023 12,742
Charge for year 3,088
At 31 August 2024 15,830
NET BOOK VALUE
At 31 August 2024 9,262
At 31 August 2023 12,350

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 75,055 80,019
Other debtors 7,534 7,527
82,589 87,546

HATTON ELECTRICAL WHOLESALE (REDDITCH)
LIMITED (REGISTERED NUMBER: 12147025)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 AUGUST 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans and overdrafts 23,436 24,510
Hire purchase contracts 12,013 3,152
Trade creditors 150,821 143,036
Taxation and social security 9,840 10,434
Other creditors 37,646 38,156
233,756 219,288

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.24 31.8.23
£    £   
Bank loans 26,390 31,945
Hire purchase contracts - 12,013
26,390 43,958

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - more than 5 years by
instalments

4,167

9,722

8. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.8.23
£    £   
Hire purchase contracts 12,013 15,165

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

31.8.24 31.8.23
£    £   
L C Lane
Balance outstanding at start of year 4,000 4,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,000 4,000