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Registered Number: 07284588
England and Wales

 

 

 

AMP ELECTRICAL WHOLESALERS (WEST MIDLANDS) LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 July 2023

End date: 30 June 2024
Directors Jaspreet Singh Marwaha
Mr Perminder Kaur Marwaha
Registered Number 07284588
Registered Office Unit 3a Premier Business Park
Queen Street
Walsall
WS2 9NX
Accountants Marneros Marcus & Co Limited
First Floor Hagley Court
40 Vicarage Road
Edgbaston
Birmingham
B15 3EZ
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 1,058    1,322 
1,058    1,322 
Current assets      
Stocks 4 11,150    12,650 
Debtors 5   46 
Cash at bank and in hand 5,208    8,813 
16,358    21,509 
Creditors: amount falling due within one year 6 (77,131)   (86,071)
Net current assets (60,773)   (64,562)
 
Total assets less current liabilities (59,715)   (63,240)
Net assets (59,715)   (63,240)
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account (59,815)   (63,340)
Shareholders' funds (59,715)   (63,240)
 


For the year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 27 March 2025 and were signed on its behalf by:


-------------------------------
Mr Perminder Kaur Marwaha
Director
2
General Information
AMP ELECTRICAL WHOLESALERS (WEST MIDLANDS) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07284588, registration address Unit 3a Premier Business Park, Queen Street, Walsall, WS2 9NX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The financial statements have been prepared on the basis that the company is a going concern and that the directors will continue to support the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
Website cost
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the balance sheet when their payment has been approved by the shareholders prior to the balance sheet date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures and Fittings   Total
  £   £   £
At 01 July 2023 1,500    11,702    13,202 
Additions    
Disposals    
At 30 June 2024 1,500    11,702    13,202 
Depreciation
At 01 July 2023 1,417    10,463    11,880 
Charge for year 16    248    264 
On disposals    
At 30 June 2024 1,433    10,711    12,144 
Net book values
Closing balance as at 30 June 2024 67    991    1,058 
Opening balance as at 01 July 2023 83    1,239    1,322 


4.

Stocks

2024
£
  2023
£
Finished Goods 11,150    12,650 
11,150    12,650 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
VAT   46 
  46 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Trade Creditors 15,166    11,461 
PAYE & Social Security 28   
Directors' Current Accounts 60,258    74,610 
VAT 1,679   
77,131    86,071 

3