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REGISTERED NUMBER: 09850887 (England and Wales)















FLICK ELECTRICAL WHOLESALE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024






FLICK ELECTRICAL WHOLESALE LIMITED (REGISTERED NUMBER: 09850887)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 8

FLICK ELECTRICAL WHOLESALE LIMITED

COMPANY INFORMATION
for the year ended 31 December 2024







DIRECTORS: D J Bury
M M Savastio
N D Osborne





REGISTERED OFFICE: The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW





REGISTERED NUMBER: 09850887 (England and Wales)





ACCOUNTANTS: Phoenix Associates Limited
Chartered Certified Accountants
The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW

FLICK ELECTRICAL WHOLESALE LIMITED (REGISTERED NUMBER: 09850887)

BALANCE SHEET
31 December 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 157,864 170,551
Investments 5 99,900 -
257,764 170,551

CURRENT ASSETS
Debtors 6 1,910,915 1,580,541
Cash at bank and in hand 100 1,467
1,911,015 1,582,008
CREDITORS
Amounts falling due within one year 7 1,731,273 1,481,640
NET CURRENT ASSETS 179,742 100,368
TOTAL ASSETS LESS CURRENT
LIABILITIES

437,506

270,919

CREDITORS
Amounts falling due after more than one
year

8

(83,150

)

(30,480

)

PROVISIONS FOR LIABILITIES (34,649 ) (32,405 )
NET ASSETS 319,707 208,034

CAPITAL AND RESERVES
Called up share capital 9 100,000 100
Retained earnings 219,707 207,934
SHAREHOLDERS' FUNDS 319,707 208,034

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

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

FLICK ELECTRICAL WHOLESALE LIMITED (REGISTERED NUMBER: 09850887)

BALANCE SHEET - continued
31 December 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 4 March 2025 and were signed on its behalf by:





D J Bury - Director


FLICK ELECTRICAL WHOLESALE LIMITED (REGISTERED NUMBER: 09850887)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Flick Electrical Wholesale 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.

Preparation of consolidated financial statements
The financial statements contain information about Flick Electrical Wholesale Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

FLICK ELECTRICAL WHOLESALE LIMITED (REGISTERED NUMBER: 09850887)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued

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.

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 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 1,555 220,191 1,696 223,442
Additions - 118,950 - 118,950
Disposals - (153,301 ) - (153,301 )
At 31 December 2024 1,555 185,840 1,696 189,091
DEPRECIATION
At 1 January 2024 555 50,640 1,696 52,891
Charge for year 150 19,021 - 19,171
Eliminated on disposal - (40,835 ) - (40,835 )
At 31 December 2024 705 28,826 1,696 31,227
NET BOOK VALUE
At 31 December 2024 850 157,014 - 157,864
At 31 December 2023 1,000 169,551 - 170,551

FLICK ELECTRICAL WHOLESALE LIMITED (REGISTERED NUMBER: 09850887)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2024 84,690
Additions 118,950
Disposals (17,800 )
At 31 December 2024 185,840
DEPRECIATION
At 1 January 2024 18,681
Charge for year 19,021
Eliminated on disposal (8,876 )
At 31 December 2024 28,826
NET BOOK VALUE
At 31 December 2024 157,014
At 31 December 2023 66,009

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 99,900
At 31 December 2024 99,900
NET BOOK VALUE
At 31 December 2024 99,900

During the year the company acquired 100% of the issued share capital of Flick Electrical Wholesale (Birmingham) Limited, Flick Electrical Wholesale (Solihull) Limited and Flick Electrical Wholesale (Tamworth) Limited.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 1,841,481 1,554,876
Amounts owed by participating interests 24,060 -
Other debtors 45,374 25,665
1,910,915 1,580,541

FLICK ELECTRICAL WHOLESALE LIMITED (REGISTERED NUMBER: 09850887)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans and overdrafts 33,023 -
Hire purchase contracts 38,909 21,535
Trade creditors 1,152,713 1,098,556
Taxation and social security 98,960 33,401
Other creditors 407,668 328,148
1,731,273 1,481,640

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/24 31/12/23
£    £   
Hire purchase contracts 83,150 30,480

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/24 31/12/23
value: £    £   
45,995 Ordinary A shares £1 45,995 50
45,995 Ordinary B shares £1 45,995 50
8,010 Ordinary C shares £1 8,010 -
100,000 100

The following shares were allotted and fully paid for cash at par during the year:

45,945 Ordinary A shares shares of £1 each
45,945 Ordinary B shares shares of £1 each
8,010 Ordinary C shares shares of £1 each

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
FLICK ELECTRICAL WHOLESALE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Flick Electrical Wholesale Limited for the year ended 31 December 2024 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Flick Electrical Wholesale Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Flick Electrical Wholesale Limited and state those matters that we have agreed to state to the Board of Directors of Flick Electrical Wholesale Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Flick Electrical Wholesale Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Flick Electrical Wholesale Limited. You consider that Flick Electrical Wholesale Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Flick Electrical Wholesale Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Phoenix Associates Limited
Chartered Certified Accountants
The Riding School House
Bulls Lane
Wishaw
Sutton Coldfield
West Midlands
B76 9QW


4 March 2025