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REGISTERED NUMBER: 03985075 (England and Wales)


















Electricalstock.com Limited

Financial Statements for the Year Ended 30th June 2024






Electricalstock.com Limited (Registered number: 03985075)






Contents of the Financial Statements
for the year ended 30th June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Electricalstock.com Limited

Company Information
for the year ended 30th June 2024







DIRECTORS: T S E Boanas
S T E Boanas



SECRETARY: J Henriksen



REGISTERED OFFICE: Unit 5 Kingswood Business Park
Connaught Road
Hull
HU7 3AP



REGISTERED NUMBER: 03985075 (England and Wales)



AUDITORS: Smailes Goldie
Chartered Accountants
Statutory Auditor
Regent's Court
Princess Street
Hull
East Yorkshire HU2 8BA



BANKERS: National Westminster Bank plc
3rd Floor
2 Whitehall Quay
Leeds
LS1 4HR

Electricalstock.com Limited (Registered number: 03985075)

Balance Sheet
30th June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,325 -

CURRENT ASSETS
Stocks 2,501,378 2,279,003
Debtors 5 1,833,302 2,473,379
Cash at bank 497,991 1,720,261
4,832,671 6,472,643
CREDITORS
Amounts falling due within one year 6 1,189,009 3,539,497
NET CURRENT ASSETS 3,643,662 2,933,146
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,651,987

2,933,146

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 3,651,985 2,933,144
SHAREHOLDERS' FUNDS 3,651,987 2,933,146

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 27th March 2025 and were signed on its behalf by:





S T E Boanas - Director


Electricalstock.com Limited (Registered number: 03985075)

Notes to the Financial Statements
for the year ended 30th June 2024

1. STATUTORY INFORMATION

Electricalstock.com 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 principle accounting policies have remained unchanged from the previous year and are set out below.

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

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 taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or substantively enacted by the balance sheet date.

Hire purchase and leasing commitments
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 5 (2023 - 6 ) .

Electricalstock.com Limited (Registered number: 03985075)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 9,000
At 30th June 2024 9,000
DEPRECIATION
Charge for year 675
At 30th June 2024 675
NET BOOK VALUE
At 30th June 2024 8,325

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,654,801 2,398,486
Other debtors 178,501 74,893
1,833,302 2,473,379

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 303,700 640,185
Amounts owed to group undertakings 623,248 2,492,091
Taxation and social security 158,672 282,475
Other creditors 103,389 124,746
1,189,009 3,539,497

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

The Report of the Auditors was unqualified.

Stephen Bramall BSc FCA (Senior Statutory Auditor)
for and on behalf of Smailes Goldie

8. CONTINGENT LIABILITIES

The company has given unlimited guarantees in respect of the bank borrowings of fellow group companies. The amount outstanding under this guarantee at 30 June 2024 was £817,729 (2023 £2,865,970).

National Westminster Bank PLC hold a charge created on 28th April 2022. The charge consists of a fixed and floating charge over all assets. The floating charge covers all the property or undertaking of the company. The charge contains a negative pledge.

Electricalstock.com Limited (Registered number: 03985075)

Notes to the Financial Statements - continued
for the year ended 30th June 2024

9. ULTIMATE CONTROLLING PARTY

In the opinion of the director, the company's immediate and ultimate parent company is Bonus Electrical Group Limited, a company registered in England. Copies of the group financial statements of Bonus Electrical Group Limited can be obtained from The Registrar of Companies, Companies House, Crown Way, Cardiff CF14 3UZ.