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REGISTERED NUMBER: 01234173 (England and Wales)




FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

ASSOCIATED ELECTRICAL DISTRIBUTORS
LIMITED

ASSOCIATED ELECTRICAL DISTRIBUTORS
LIMITED (REGISTERED NUMBER: 01234173)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ASSOCIATED ELECTRICAL DISTRIBUTORS
LIMITED

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTORS: R J Moss
A K Burt
D J Freshwater
D Poole
N Edwell
D Shirt
J Walsh





SECRETARY: R J Moss





REGISTERED OFFICE: Hill House
1 Regent Street
Lutterworth
Leicestershire
LE17 4BE





REGISTERED NUMBER: 01234173 (England and Wales)





AUDITORS: Luckmans Duckett Parker Limited
Chartered Accountants
Statutory Auditors
1110 Elliott Court
Herald Avenue
Coventry Business Park
Coventry
West Midlands
CV5 6UB

ASSOCIATED ELECTRICAL DISTRIBUTORS
LIMITED (REGISTERED NUMBER: 01234173)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,611 27,481
Investments 5 3,495 3,495
24,106 30,976

CURRENT ASSETS
Debtors 6 300,700 58,241
Cash at bank and in hand 764,047 1,068,425
1,064,747 1,126,666
CREDITORS
Amounts falling due within one year 7 907,845 999,759
NET CURRENT ASSETS 156,902 126,907
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,008

157,883

RESERVES
Income and expenditure account 181,008 157,883
181,008 157,883

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 25 February 2025 and were signed on its behalf by:





R J Moss - Director


ASSOCIATED ELECTRICAL DISTRIBUTORS
LIMITED (REGISTERED NUMBER: 01234173)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Associated Electrical Distributors Limited is a private company, limited by guarantee , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The policies adopted for the recognition of turnover is as follows:-

Income from members

Income from members can be in the form of subscription income, member fines and joining fees. This is all invoiced and sales ledger invoices are recognised at the date of invoice.

Prepayments and accrued income, other debtors and deferred income are recognised as appropriate.

Catalogue income

The company recognises profits on each version of their catalogue when the issue is finished.

Conference income

The company collects income from it's suppliers and members on an invoice basis for an annual conference. This is shown in a separate account in the financial statements under reserves and any conference expenditure is set against it.

Marketing support income

Marketing support income is recognised on an invoice basis and is made up of revenue received from industry suppliers and is calculated as a percentage of member rebates received, 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance


ASSOCIATED ELECTRICAL DISTRIBUTORS
LIMITED (REGISTERED NUMBER: 01234173)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

As the company falls under the category of a mutual trading body it's only taxed on it's external income.

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.

Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Debtors and creditors receivable/payable within 1 year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

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 surplus or deficit over the relevant period. The
capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

ASSOCIATED ELECTRICAL DISTRIBUTORS
LIMITED (REGISTERED NUMBER: 01234173)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 64,439 36,343 100,782
DEPRECIATION
At 1 July 2023 64,215 9,086 73,301
Charge for year 56 6,814 6,870
At 30 June 2024 64,271 15,900 80,171
NET BOOK VALUE
At 30 June 2024 168 20,443 20,611
At 30 June 2023 224 27,257 27,481

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023
and 30 June 2024 3,495
NET BOOK VALUE
At 30 June 2024 3,495
At 30 June 2023 3,495

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 100 -
Prepayments and accrued income 300,600 58,241
300,700 58,241

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 316,374 373,187
Tax 6,113 2,000
Social security and other taxes 328,557 595,634
Other creditors 746 976
Accrued expenses 256,055 27,962
907,845 999,759

ASSOCIATED ELECTRICAL DISTRIBUTORS
LIMITED (REGISTERED NUMBER: 01234173)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 13,036 19,125
Between one and five years 16,091 9,563
29,127 28,688

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mark Spafford FCCA ACA (Senior Statutory Auditor)
for and on behalf of Luckmans Duckett Parker Limited

10. LIMITED LIABILITY

The company is a company limited by guarantee and does not have any share capital. Every member of the company undertakes to contribute to the assets of the company in the event of it being wound up, such amounts as may be required for the payments of its debts and liabilities not exceeding £1.

11. CAPITAL AND RESERVES



General
Conference
s

Marketing

Total
£    £    £    £   
At 1st July 2023 28,741 34,369 94,773 157,883

Profit/(loss) for the year 9,100 (15,277 ) 33,415 27,238

Taxation charge (4,113 ) - - (4,113 )

At 30th June 2024 33,728 19,092 128,188 181,008