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REGISTERED NUMBER: 05098171 (England and Wales)















UNITED ELECTRICAL PRODUCTS LIMITED

Unaudited Financial Statements for the Year Ended 30 April 2025






UNITED ELECTRICAL PRODUCTS LIMITED (REGISTERED NUMBER: 05098171)






Contents of the Financial Statements
for the Year Ended 30 April 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UNITED ELECTRICAL PRODUCTS LIMITED

Company Information
for the Year Ended 30 April 2025







DIRECTORS: J P Lynskey
Mrs C Lynskey





SECRETARY: Mrs C Lynskey





REGISTERED OFFICE: Unit 19, Planetary Industrial Estate
Planetary Road
Wednesfield
Wolverhampton
West Midlands
WV13 3XA





REGISTERED NUMBER: 05098171 (England and Wales)





ACCOUNTANTS: Michael Dufty Partnership Limited
59-61 Charlotte Street
St Pauls Square
Birmingham
West Midlands
B3 1PX

UNITED ELECTRICAL PRODUCTS LIMITED (REGISTERED NUMBER: 05098171)

Balance Sheet
30 April 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 181,757 143,595

CURRENT ASSETS
Stocks 348,100 388,386
Debtors 5 413,022 388,361
Cash at bank and in hand 252,981 343,899
1,014,103 1,120,646
CREDITORS
Amounts falling due within one year 6 173,837 198,312
NET CURRENT ASSETS 840,266 922,334
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,022,023

1,065,929

CREDITORS
Amounts falling due after more than one year 7 (29,009 ) (57,651 )

PROVISIONS FOR LIABILITIES (45,439 ) (35,899 )
NET ASSETS 947,575 972,379

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 947,475 972,279
SHAREHOLDERS' FUNDS 947,575 972,379

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

UNITED ELECTRICAL PRODUCTS LIMITED (REGISTERED NUMBER: 05098171)

Balance Sheet - continued
30 April 2025


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2025 and were signed on its behalf by:





J P Lynskey - Director


UNITED ELECTRICAL PRODUCTS LIMITED (REGISTERED NUMBER: 05098171)

Notes to the Financial Statements
for the Year Ended 30 April 2025

1. STATUTORY INFORMATION

United Electrical Products Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention.

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.
Improvements to property - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

UNITED ELECTRICAL PRODUCTS LIMITED (REGISTERED NUMBER: 05098171)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2024 8,188 25,691 63,509
Additions - - -
At 30 April 2025 8,188 25,691 63,509
DEPRECIATION
At 1 May 2024 8,188 18,223 45,604
Charge for year - 1,493 3,581
At 30 April 2025 8,188 19,716 49,185
NET BOOK VALUE
At 30 April 2025 - 5,975 14,324
At 30 April 2024 - 7,468 17,905

UNITED ELECTRICAL PRODUCTS LIMITED (REGISTERED NUMBER: 05098171)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2024 119,823 37,256 254,467
Additions 63,400 9,661 73,061
At 30 April 2025 183,223 46,917 327,528
DEPRECIATION
At 1 May 2024 10,940 27,917 110,872
Charge for year 27,713 2,112 34,899
At 30 April 2025 38,653 30,029 145,771
NET BOOK VALUE
At 30 April 2025 144,570 16,888 181,757
At 30 April 2024 108,883 9,339 143,595

The net book value of tangible fixed assets includes £ 151,407 (2024 - £ 104,204 ) in respect of assets held under hire purchase contracts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 348,958 324,507
Amounts due from related party 46,500 46,500
Prepayments 17,564 17,354
413,022 388,361

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 18,182 18,182
Hire purchase contracts 45,867 28,546
Trade creditors 56,779 57,764
Social security and other taxes 52,812 92,964
Accrued expenses 197 856
173,837 198,312

UNITED ELECTRICAL PRODUCTS LIMITED (REGISTERED NUMBER: 05098171)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2025

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 1-2 years 1,515 18,182
Bank loans - 2-5 years - 1,515
Hire purchase contracts 27,494 37,954
29,009 57,651

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 73,361 66,500

The hire purchase liability is secured against the asset to which it relates.

9. OTHER FINANCIAL COMMITMENTS

At 30 April 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £98,440