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REGISTERED NUMBER: 08588848 (England and Wales)












ELECTRICAL DISTRIBUTION SERVICES
(CONTINENTAL) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






ELECTRICAL DISTRIBUTION SERVICES
(CONTINENTAL) LIMITED (REGISTERED NUMBER: 08588848)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELECTRICAL DISTRIBUTION SERVICES
(CONTINENTAL) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: Ms H L Tildesley
Mr I R Fishburn





REGISTERED OFFICE: Unit 3 Deansbank Centre
Fairground Way
Walsall
West Midlands
WS1 4NU





REGISTERED NUMBER: 08588848 (England and Wales)





ACCOUNTANTS: Wallace Crooke Walsall Limited
Chartered Accountants
Wallace House
20 Birmingham Road
Walsall
West Midlands
WS1 2LT

ELECTRICAL DISTRIBUTION SERVICES
(CONTINENTAL) LIMITED (REGISTERED NUMBER: 08588848)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,333 4,763

CURRENT ASSETS
Stocks 5,630 5,130
Debtors 5 179,322 65,075
Cash at bank and in hand 25,683 58,520
210,635 128,725
CREDITORS
Amounts falling due within one year 6 151,083 112,878
NET CURRENT ASSETS 59,552 15,847
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,885

20,610

CREDITORS
Amounts falling due after more than one
year

7

9,744

20,009
NET ASSETS 54,141 601

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 54,041 501
SHAREHOLDERS' FUNDS 54,141 601

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

ELECTRICAL DISTRIBUTION SERVICES
(CONTINENTAL) LIMITED (REGISTERED NUMBER: 08588848)

BALANCE SHEET - continued
30 JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by:





Mr I R Fishburn - Director


ELECTRICAL DISTRIBUTION SERVICES
(CONTINENTAL) LIMITED (REGISTERED NUMBER: 08588848)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Electrical Distribution Services (Continental) 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 company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

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 - 25% reducing balance
Motor vehicles - 25% reducing balance

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 Statement of Income and Retained Earnings, 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.

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.

ELECTRICAL DISTRIBUTION SERVICES
(CONTINENTAL) LIMITED (REGISTERED NUMBER: 08588848)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 2,000 9,500 1,247 12,747
Additions - - 952 952
At 30 June 2024 2,000 9,500 2,199 13,699
DEPRECIATION
At 1 July 2023 1,241 6,494 249 7,984
Charge for year 190 752 440 1,382
At 30 June 2024 1,431 7,246 689 9,366
NET BOOK VALUE
At 30 June 2024 569 2,254 1,510 4,333
At 30 June 2023 759 3,006 998 4,763

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 141,904 27,947
Other debtors 37,418 37,128
179,322 65,075

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,265 10,012
Trade creditors 67,044 57,979
Taxation and social security 65,167 37,309
Other creditors 8,607 7,578
151,083 112,878

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 9,744 20,009

ELECTRICAL DISTRIBUTION SERVICES
(CONTINENTAL) LIMITED (REGISTERED NUMBER: 08588848)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary share capital £1 100 100