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REGISTERED NUMBER: 03880769 (England and Wales)















Financial Statements for the Year Ended 30 November 2024

for

Amerco Electrical Distributors Ltd

Amerco Electrical Distributors Ltd (Registered number: 03880769)






Contents of the Financial Statements
for the Year Ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 9

Amerco Electrical Distributors Ltd

Company Information
for the Year Ended 30 November 2024







DIRECTORS: M Morgan
Mrs I Clarke
B Lang





SECRETARY: M Morgan





REGISTERED OFFICE: Building 1
St Cross Chambers
Upper Marsh Lane
Hoddesdon
Hertfordshire
EN11 8LQ





REGISTERED NUMBER: 03880769 (England and Wales)





ACCOUNTANTS: Reece & Co.
Building 1
St. Cross Chambers
Upper Marsh Lane
Hoddesdon
Hertfordshire
EN11 8LQ

Amerco Electrical Distributors Ltd (Registered number: 03880769)

Balance Sheet
30 November 2024

30.11.24 30.11.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 49,352 65,803

CURRENT ASSETS
Stocks 256,207 255,742
Debtors 5 851,331 721,477
Cash at bank and in hand 33,055 40,993
1,140,593 1,018,212
CREDITORS
Amounts falling due within one year 6 570,718 481,372
NET CURRENT ASSETS 569,875 536,840
TOTAL ASSETS LESS CURRENT
LIABILITIES

619,227

602,643

CREDITORS
Amounts falling due after more than one
year

7

(24,689

)

(46,472

)

PROVISIONS FOR LIABILITIES 8 (1,871 ) (4,040 )
NET ASSETS 592,667 552,131

CAPITAL AND RESERVES
Called up share capital 9 136 136
Capital redemption reserve 10 197 197
Retained earnings 10 592,334 551,798
SHAREHOLDERS' FUNDS 592,667 552,131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Amerco Electrical Distributors Ltd (Registered number: 03880769)

Balance Sheet - continued
30 November 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 April 2025 and were signed on its behalf by:





M Morgan - Director


Amerco Electrical Distributors Ltd (Registered number: 03880769)

Notes to the Financial Statements
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Amerco Electrical Distributors Ltd 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 represents net invoiced sales of goods, excluding value added tax.

Financial Instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year) including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade payable or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

Judgements and key sources of estimation uncertainty

In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision effects only that period, or in the period of the revision and future periods, if the revision effects both current and future periods.

The directors do not believe that there have been judgements (apart from those involving estimates) made in the process of applying the above accounting policies that have had a significant effect on amounts recognised in the financial statements.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Amerco Electrical Distributors Ltd (Registered number: 03880769)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

2. ACCOUNTING POLICIES - continued

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 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
Contributions made to Employee Personal Pension Schemes are charged to the profit and loss account in the period when paid.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

Amerco Electrical Distributors Ltd (Registered number: 03880769)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2023
and 30 November 2024 1,800 23,930 91,817 25,570 143,117
DEPRECIATION
At 1 December 2023 75 22,643 34,885 19,711 77,314
Charge for year 431 322 14,233 1,465 16,451
At 30 November 2024 506 22,965 49,118 21,176 93,765
NET BOOK VALUE
At 30 November 2024 1,294 965 42,699 4,394 49,352
At 30 November 2023 1,725 1,287 56,932 5,859 65,803

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 December 2023
and 30 November 2024 91,817
DEPRECIATION
At 1 December 2023 34,885
Charge for year 14,233
At 30 November 2024 49,118
NET BOOK VALUE
At 30 November 2024 42,699
At 30 November 2023 56,932

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 823,517 679,866
Sundry Debtors and Prepayments 27,814 41,611
851,331 721,477

Amerco Electrical Distributors Ltd (Registered number: 03880769)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 73,636 10,648
Hire purchase contracts 8,259 12,729
Trade creditors 438,029 379,415
Tax 13,698 18,129
Social security and other taxes 6,837 6,863
VAT 22,884 16,020
Creditors and Accruals 7,375 37,568
570,718 481,372

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans - 1-5 years 6,002 15,985
Hire purchase contracts 18,687 30,487
24,689 46,472

8. PROVISIONS FOR LIABILITIES
30.11.24 30.11.23
£    £   
Deferred tax 1,871 4,040

Deferred
tax
£   
Balance at 1 December 2023 4,040
Reduction for year (2,169 )
Balance at 30 November 2024 1,871

Deferred taxation arises from accelerated capital allowances.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
136 Ordinary £1-00 136 136

Amerco Electrical Distributors Ltd (Registered number: 03880769)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024

10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 December 2023 551,798 197 551,995
Profit for the year 40,536 40,536
At 30 November 2024 592,334 197 592,531

11. RELATED PARTY DISCLOSURES

The company is controlled by its directors who own the majority of the issued share capital.

There were no dividends voted for the year to the shareholders.

Amerco Electrical Distributors Ltd

Report of the Accountants to the Directors of
Amerco Electrical Distributors Ltd

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 Balance Sheet. 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 Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2024 set out on pages two to eight 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.






Reece & Co.
Building 1
St. Cross Chambers
Upper Marsh Lane
Hoddesdon
Hertfordshire
EN11 8LQ


24 April 2025