REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
FOR |
NORTHWICH ELECTRICAL SUPPLIES LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2024 |
FOR |
NORTHWICH ELECTRICAL SUPPLIES LIMITED |
NORTHWICH ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 14368188) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the Year Ended 30th September 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
NORTHWICH ELECTRICAL SUPPLIES LIMITED |
COMPANY INFORMATION |
for the Year Ended 30th September 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
100 Barbirolli Square |
Manchester |
M2 3BD |
NORTHWICH ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 14368188) |
BALANCE SHEET |
30th September 2024 |
2024 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
The director acknowledges his 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. |
NORTHWICH ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 14368188) |
BALANCE SHEET - continued |
30th September 2024 |
The financial statements were approved by the director and authorised for issue on |
NORTHWICH ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 14368188) |
NOTES TO THE FINANCIAL STATEMENTS |
for the Year Ended 30th September 2024 |
1. | STATUTORY INFORMATION |
Northwich Electrical Supplies Limited is a private company, limited by shares, registered in England and Wales, registration number 14368188. The address of the registered office is 100 Barbirolli Square, Manchester M2 3BD and principal place of business is Unit 23,Winnington Business Park, Wolsten Croft, Northwich. |
2. | ACCOUNTING POLICIES |
Basis of preparing the 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. Specifically, turnover represents income received from the sale of electrical goods. |
Tangible fixed assets |
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. |
Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods: |
Fixtures and fittings | - | 20% straight line |
Computer Equipment | - | 15% reducing balance |
Leasehold property improvement | - | Over the term of the lease |
At each balance sheet date, the Company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs. |
If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately. |
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 profit and 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
NORTHWICH ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 14368188) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30th September 2024 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
Short | and | Computer |
leasehold | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1st October 2023 |
Additions |
At 30th September 2024 |
DEPRECIATION |
At 1st October 2023 |
Charge for year |
At 30th September 2024 |
NET BOOK VALUE |
At 30th September 2024 |
At 30th September 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Hire purchase contracts (see note 8) |
Trade creditors |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Hire purchase contracts (see note 8) |
NORTHWICH ELECTRICAL SUPPLIES LIMITED (REGISTERED NUMBER: 14368188) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the Year Ended 30th September 2024 |
8. | LEASING AGREEMENTS |
Minimum lease payments fall due as follows: |
Hire purchase contracts |
2024 | 2023 |
£ | £ |
Net obligations repayable: |
Within one year |
Between one and five years |
Non-cancellable | operating leases |
2024 | 2023 |
£ | £ |
Within one year |
Between one and five years |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal Value: | 2024 | 2023 |
£ | £ |
69 | A Ordinary | £1.00 | 69 | 69 |
30 | B Ordinary | £1.00 | 30 | 30 |
1 | C Ordinary | £1.00 | 1 | 1 |
100 | 100 |
10. | RELATED PARTY DISCLOSURES |
Included in other creditors is a balance owed to the director, amounting to £42,348 (2023 - £42,967) this balance represents an interest free loan, repayable on demand. |