Company Registration No. 04131715 (England and Wales)
Arrow Electrical Distributors Ltd
Unaudited accounts
for the year ended 31 January 2025
Arrow Electrical Distributors Ltd
Unaudited accounts
Contents
Arrow Electrical Distributors Ltd
Company Information
for the year ended 31 January 2025
Directors
Mr D J Hogg
Mr T L Hogg
Company Number
04131715 (England and Wales)
Registered Office
5A Riverside Ind Est
Langley Park
Durham
DH7 9TU
Accountants
Accountants For The Trade (Durham) Ltd
Whitfield House
St Johns Road
Meadowfield Industrial Estate
Durham
DH7 8XL
Arrow Electrical Distributors Ltd
Statement of financial position
as at 31 January 2025
Tangible assets
64,916
46,823
Inventories
403,448
400,017
Cash at bank and in hand
59,984
71,575
Creditors: amounts falling due within one year
(91,087)
(109,529)
Net current assets
409,125
401,585
Total assets less current liabilities
474,355
448,757
Creditors: amounts falling due after more than one year
(17,594)
(13,425)
Provisions for liabilities
Deferred tax
(12,334)
(8,896)
Net assets
444,427
426,436
Called up share capital
100
100
Profit and loss account
444,327
426,336
Shareholders' funds
444,427
426,436
For the year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 May 2025 and were signed on its behalf by
Mr D J Hogg
Director
Company Registration No. 04131715
Arrow Electrical Distributors Ltd
Notes to the Accounts
for the year ended 31 January 2025
Arrow Electrical Distributors Ltd is a private company, limited by shares, registered in England and Wales, registration number 04131715. The registered office is 5A Riverside Ind Est, Langley Park, Durham, DH7 9TU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% Reducing Balance
Fixtures & fittings
10% Reducing Balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Arrow Electrical Distributors Ltd
Notes to the Accounts
for the year ended 31 January 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Intangible fixed assets
Other
5
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 February 2024
49,489
87,313
136,802
Additions
30,000
999
30,999
At 31 January 2025
79,489
88,312
167,801
At 1 February 2024
38,893
51,086
89,979
Charge for the year
4,602
3,648
8,250
On disposals
4,656
-
4,656
At 31 January 2025
48,151
54,734
102,885
At 31 January 2025
31,338
33,578
64,916
At 31 January 2024
10,596
36,227
46,823
Arrow Electrical Distributors Ltd
Notes to the Accounts
for the year ended 31 January 2025
Carrying values included above held under finance leases and hire purchase contracts:
£
£
Amounts falling due within one year
Trade debtors
33,807
36,536
Accrued income and prepayments
1,973
1,986
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
10,650
10,650
Obligations under finance leases and hire purchase contracts
4,000
-
Trade creditors
52,511
60,116
Taxes and social security
5,480
6,651
Loans from directors
15,452
30,952
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
14,333
-
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 3 (2024: 3).