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REGISTERED NUMBER: 04220545 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31st December 2024

for

N E Electrical Wholesalers Limited

N E Electrical Wholesalers Limited (Registered number: 04220545)






Contents of the Financial Statements
for the Year Ended 31st December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4

Report of the Accountants 7

N E Electrical Wholesalers Limited

Company Information
for the Year Ended 31st December 2024







DIRECTORS: J A Steade
M J Simmonite
A R Fletcher
J Fletcher
R Smith





SECRETARY: J A Steade





REGISTERED OFFICE: 8 Shepcote Office Village
Shepcote Lane
Sheffield
S9 1TG





REGISTERED NUMBER: 04220545 (England and Wales)





ACCOUNTANTS: Shorts Chartered Accountants
Cedar House
63 Napier Street
Sheffield
S11 8HA

N E Electrical Wholesalers Limited (Registered number: 04220545)

Statement of Financial Position
31st December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 157,734 141,009

CURRENT ASSETS
Stocks 627,075 878,501
Debtors 5 1,766,139 1,931,157
Cash at bank 6,841 26,508
2,400,055 2,836,166
CREDITORS
Amounts falling due within one year 6 1,335,798 1,838,266
NET CURRENT ASSETS 1,064,257 997,900
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,221,991

1,138,909

PROVISIONS FOR LIABILITIES 39,434 35,202
NET ASSETS 1,182,557 1,103,707

CAPITAL AND RESERVES
Called up share capital 9 22,000 22,000
Capital redemption reserve 28,000 28,000
Retained earnings 1,132,557 1,053,707
SHAREHOLDERS' FUNDS 1,182,557 1,103,707

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

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

N E Electrical Wholesalers Limited (Registered number: 04220545)

Statement of Financial Position - continued
31st 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st March 2025 and were signed on its behalf by:





M J Simmonite - Director


N E Electrical Wholesalers Limited (Registered number: 04220545)

Notes to the Financial Statements
for the Year Ended 31st December 2024

1. STATUTORY INFORMATION

N E Electrical Wholesalers 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.

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

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount and an impairment loss is recognised immediately in the Statement of Comprehensive Income.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the Statement of Comprehensive Income.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Currency presentation
The financial statements are presented in Sterling (£) which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Financial instruments
The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and Section 12 "Other Financial Instruments Issues" of FRS 102 to all of its financial Instruments.

Financial Instruments are recognised in the company's Statement of Financial Position when it becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

N E Electrical Wholesalers Limited (Registered number: 04220545)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1st January 2024 77,583 81,492 20,520
Additions - 4,267 9,495
Disposals - - -
At 31st December 2024 77,583 85,759 30,015
DEPRECIATION
At 1st January 2024 77,583 45,528 18,087
Charge for year - 5,720 556
Eliminated on disposal - - -
At 31st December 2024 77,583 51,248 18,643
NET BOOK VALUE
At 31st December 2024 - 34,511 11,372
At 31st December 2023 - 35,964 2,433

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st January 2024 131,834 88,832 400,261
Additions 29,539 1,660 44,961
Disposals (24,625 ) - (24,625 )
At 31st December 2024 136,748 90,492 420,597
DEPRECIATION
At 1st January 2024 53,601 64,453 259,252
Charge for year 18,085 3,875 28,236
Eliminated on disposal (24,625 ) - (24,625 )
At 31st December 2024 47,061 68,328 262,863
NET BOOK VALUE
At 31st December 2024 89,687 22,164 157,734
At 31st December 2023 78,233 24,379 141,009

N E Electrical Wholesalers Limited (Registered number: 04220545)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,557,382 1,721,683
Other debtors 208,757 209,474
1,766,139 1,931,157

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 914,669 928,461
Taxation and social security 187,271 111,378
Other creditors 233,858 798,427
1,335,798 1,838,266

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 70,301 70,301
Between one and five years 281,202 281,202
In more than five years 35,150 105,451
386,653 456,954

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Invoice discounting - 555,662

Included within other creditors is an invoice discounting balance of £nil (2023: £555,662). This is secured by fixed and floating charge over all the property or undertaking of the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
22,000 Ordinary £1 22,000 22,000

N E Electrical Wholesalers Limited

Report of the Accountants to the Directors of
N E Electrical Wholesalers 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 Statement of Financial Position. 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.

As described on the Statement of Financial Position you are responsible for the preparation of the financial statements for the year ended 31st December 2024 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Shorts Chartered Accountants
Cedar House
63 Napier Street
Sheffield
S11 8HA


31st March 2025