Company Registration No. 05179489 (England and Wales)
H & S Electrical Wholesalers Ltd
Unaudited accounts
for the year ended 30 September 2024
H & S Electrical Wholesalers Ltd
Unaudited accounts
Contents
H & S Electrical Wholesalers Ltd
Company Information
for the year ended 30 September 2024
Company Number
05179489 (England and Wales)
Registered Office
Sixth Street
Trafford Park
Manchester
M17 1BG
ENGLAND
Accountants
P A Hull & Co
30 Bolton Road
Aspull
Wigan
Lancashire
WN2 1YY
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of H & S Electrical Wholesalers Ltd for the year ended 30 September 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
H & S Electrical Wholesalers Ltd for the year ended
30 September 2024 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
P A Hull & Co
Chartered Accountants
30 Bolton Road
Aspull
Wigan
Lancashire
WN2 1YY
26 June 2025
H & S Electrical Wholesalers Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
2,542,761
555,772
Inventories
1,550,000
1,150,000
Debtors
3,788,309
3,371,162
Cash at bank and in hand
391,701
537,934
Creditors: amounts falling due within one year
(3,405,167)
(3,254,808)
Net current assets
2,324,843
1,804,288
Total assets less current liabilities
4,867,604
2,360,060
Creditors: amounts falling due after more than one year
(2,094,989)
(141,060)
Provisions for liabilities
Deferred tax
(14,504)
(44,761)
Net assets
2,758,111
2,174,239
Called up share capital
50
50
Revaluation reserve
343,140
138,140
Capital redemption reserve
50
50
Profit and loss account
2,414,871
2,035,999
Shareholders' funds
2,758,111
2,174,239
For the year ending 30 September 2024 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 director acknowledges his 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 and authorised for issue on 26 June 2025 and were signed on its behalf by
Mr C Henderson
Director
Company Registration No. 05179489
H & S Electrical Wholesalers Ltd
Notes to the Accounts
for the year ended 30 September 2024
H & S Electrical Wholesalers Ltd is a private company, limited by shares, registered in England and Wales, registration number 05179489. The registered office is Sixth Street, Trafford Park, Manchester, M17 1BG, ENGLAND.
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:
Fixtures & fittings
5 years
Computer equipment
5 years
Other tangible fixed assets
5 years
Sales represent the amount of goods and services, net of value added tax and excluding trade discounts and anticipated returns, provided to external customers.
Revenue is recognised so as to reflect the right of the company to consideration by reference to the value of the work performed.
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.
H & S Electrical Wholesalers Ltd
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At valuation
At cost
At cost
At cost
At cost
At 1 October 2023
250,000
13,784
513,770
85,006
32,285
894,845
Additions
1,625,000
10,038
328,280
1,766
15,473
1,980,557
Revaluations
205,000
-
-
-
-
205,000
At 30 September 2024
2,080,000
23,822
842,050
86,772
47,758
3,080,402
At 1 October 2023
-
8,619
266,010
47,889
16,555
339,073
Charge for the year
37,500
3,040
144,010
7,777
6,241
198,568
At 30 September 2024
37,500
11,659
410,020
55,666
22,796
537,641
At 30 September 2024
2,042,500
12,163
432,030
31,106
24,962
2,542,761
At 30 September 2023
250,000
5,165
247,760
37,117
15,730
555,772
Carrying amount of land and buildings on cost basis
1,732,100
107,100
The value of property held by the company was considered by the director at the balance sheet date. A revaluation of the property at Trafford Park has been made following a profession valuation from Colliers International Property Consultants Ltd.
Amounts falling due within one year
Trade debtors
3,689,188
3,272,041
Other debtors
99,121
99,121
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
67,221
11,120
Obligations under finance leases and hire purchase contracts
107,413
66,483
Trade creditors
2,783,799
2,726,463
Taxes and social security
72,108
195,916
Loans from directors
117,951
117,951
H & S Electrical Wholesalers Ltd
Notes to the Accounts
for the year ended 30 September 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,585,226
27,447
Obligations under finance leases and hire purchase contracts
413,862
113,613
Allotted, called up and fully paid:
50 Ordinary shares of £1 each
50
50
9
Average number of employees
During the year the average number of employees was 43 (2023: 35).