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
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
T.l.c. Electrical Distributors Limited
Statement of financial position
as at 31 December 2024
Tangible assets
243,134
254,421
Inventories
232,534
233,677
Cash at bank and in hand
411,829
517,143
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
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
T.l.c. Electrical Distributors Limited
Notes to the Accounts
for the year ended 31 December 2024
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.
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:
Land & buildings
2% Straight Line
Motor vehicles
25% Reducing Balance
Fixtures & fittings
15% Reducing Balance
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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
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
At 31 December 2024
194,941
41,956
6,237
243,134
At 31 December 2023
198,467
49,119
6,835
254,421
T.l.c. Electrical Distributors Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
93,621
251,848
Other debtors
24,968
27,355
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
99,049
132,014
Taxes and social security
13,819
70,035
Loans from directors
14,897
7,893
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Average number of employees
During the year the average number of employees was 9 (2023: 9).