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Company Registration No. 02360157 (England and Wales)
T.l.c. Electrical Distributors Limited Unaudited accounts for the year ended 31 December 2024
T.l.c. Electrical Distributors Limited Unaudited accounts Contents
Page
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T.l.c. Electrical Distributors Limited Company Information for the year ended 31 December 2024
Directors
Peter King Jillian King Amy Gunn
Company Number
02360157 (England and Wales)
Registered Office
Tlc Electrical Disributors Common Lane Watnall Nottingham NG16 1HD
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T.l.c. Electrical Distributors Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
243,134 
254,421 
Current assets
Inventories
232,534 
233,677 
Debtors
118,589 
279,203 
Cash at bank and in hand
411,829 
517,143 
762,952 
1,030,023 
Creditors: amounts falling due within one year
(178,965)
(267,783)
Net current assets
583,987 
762,240 
Total assets less current liabilities
827,121 
1,016,661 
Provisions for liabilities
Deferred tax
(9,157)
(10,631)
Net assets
817,964 
1,006,030 
Capital and reserves
Called up share capital
10,001 
10,001 
Profit and loss account
807,963 
996,029 
Shareholders' funds
817,964 
1,006,030 
For the year ending 31 December 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 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 25 June 2025 and were signed on its behalf by
Peter King Director Company Registration No. 02360157
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T.l.c. Electrical Distributors Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
T.l.c. Electrical Distributors Limited is a private company, limited by shares, registered in England and Wales, registration number 02360157. The registered office is Tlc Electrical Disributors Common Lane, Watnall, Nottingham, NG16 1HD.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
2% Straight Line
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
4
Tangible fixed assets
Land & buildings 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
302,234 
89,765 
78,350 
470,349 
At 31 December 2024
302,234 
89,765 
78,350 
470,349 
Depreciation
At 1 January 2024
103,767 
40,646 
71,515 
215,928 
Charge for the year
3,526 
7,163 
598 
11,287 
At 31 December 2024
107,293 
47,809 
72,113 
227,215 
Net book value
At 31 December 2024
194,941 
41,956 
6,237 
243,134 
At 31 December 2023
198,467 
49,119 
6,835 
254,421 
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T.l.c. Electrical Distributors Limited Notes to the Accounts for the year ended 31 December 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
93,621 
251,848 
Other debtors
24,968 
27,355 
118,589 
279,203 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,073 
19,459 
Trade creditors
99,049 
132,014 
Taxes and social security
13,819 
70,035 
Other creditors
726 
726 
Loans from directors
14,897 
7,893 
Accruals
46,401 
37,656 
178,965 
267,783 
7
Average number of employees
During the year the average number of employees was 9 (2023: 9).
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