Company registration number: 01282654
Unaudited financial statements
for the year ended 30 September 2024
for
Warmmead Electrical Limited
Pages for filing with the Registrar
Company registration number: 01282654
Warmmead Electrical Limited
Balance sheet
as at 30 September 2024
30 Sep 24 30 Sep 23
Note £ £ £ £
Tangible assets 4 - -
Current assets
Stocks 53,019 -
Debtors 11,740 32,259
Cash at bank and in hand 18,548 86,854
83,307 119,113
Creditors: amounts falling due within one
year
(71,225) (107,031)
Net current assets 12,082 12,082
NET ASSETS 12,082 12,082
Capital and reserves
Called up share capital 77 77
Revaluation reserve 100,267 100,267
Other reserves 23 23
Profit and loss account (88,285) (88,285)
TOTAL EQUITY 12,082 12,082
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 September 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 01282654
Warmmead Electrical Limited
Balance sheet - continued
as at 30 September 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr N Dawes, Director
17 June 2025
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Warmmead Electrical Limited
Notes to the financial statements
for the year ended 30 September 2024
1 Company information
Warmmead Electrical Limited is a private company registered in England and Wales. Its registered number is 01282654. The company is limited by shares. Its registered office is 260 Holyhead Road, Coventry, CV5 8JN.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in 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.
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.
Warehouse:
Freehold property - 0% straight line
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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Warmmead Electrical Limited
Notes to the financial statements - continued
for the year ended 30 September 2024
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. 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 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.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 8 (2023 - 10).
4 Tangible fixed assets
Warehouse
£
Cost
At 1 October 2023 46,182
At 30 September 2024 46,182
Depreciation
At 1 October 2023 46,182
At 30 September 2024 46,182
Net book value
At 30 September 2024 -
At 30 September 2023 -
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Warmmead Electrical Limited
Notes to the financial statements - continued
for the year ended 30 September 2024
5 Advances, credit and guarantees granted to the director
The following advances and credits to a director subsisted during the periods ended 30 September 2024 and 30 September 2023.
30 Sep 24 30 Sep 23
£ £
Mr N Dawes
Balance outstanding at start of year 57,698 45,198
Amounts repaid (31,000) -
Balance outstanding at end of year 26,698 45,198
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