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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
Page
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H & S Electrical Wholesalers Ltd Company Information for the year ended 30 September 2024
Director
Mr C Henderson
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
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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
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H & S Electrical Wholesalers Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,542,761 
555,772 
Current assets
Inventories
1,550,000 
1,150,000 
Debtors
3,788,309 
3,371,162 
Cash at bank and in hand
391,701 
537,934 
5,730,010 
5,059,096 
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 
Capital and reserves
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
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H & S Electrical Wholesalers Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
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:
Plant & machinery
5 years
Motor vehicles
4 years
Fixtures & fittings
5 years
Computer equipment
5 years
Other tangible fixed assets
5 years
Turnover
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
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 taxation
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.
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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 
Depreciation
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 
Net book value
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 
2024 
2023 
£ 
£ 
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.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,689,188 
3,272,041 
Other debtors
99,121 
99,121 
3,788,309 
3,371,162 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
67,221 
11,120 
VAT
243,682 
128,925 
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 
Other creditors
- 
5,855 
Loans from directors
117,951 
117,951 
Accruals
12,993 
2,095 
3,405,167 
3,254,808 
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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 
Other creditors
95,901 
- 
2,094,989 
141,060 
8
Share capital
2024 
2023 
£ 
£ 
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).
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