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Registration number: 07317480

Addlestone Electrical Wholesalers Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 29 June 2025

 

Addlestone Electrical Wholesalers Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 9

 

Addlestone Electrical Wholesalers Limited

Company Information

Director

Sam Tom Bissix

Company secretary

Peter Michael Conner

Registered office

Ground Floor, Egerton House, 68 Baker Street, Weybridge,
Surrey,
United Kingdom,
KT13 8AL

Accountants

Charles Rippin and Turner Limited Charles Rippin & Turner
Middlesex House
130 College Road
Harrow
Middlesex
HA1 1BQ

 

Addlestone Electrical Wholesalers Limited

(Registration number: 07317480)
Abridged Balance Sheet as at 29 June 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

1,368,689

1,010,281

Current assets

 

Stocks

5

349,665

353,102

Debtors

796,315

871,043

Cash at bank and in hand

 

192,111

162,591

 

1,338,091

1,386,736

Prepayments and accrued income

 

2,740

4,005

Creditors: Amounts falling due within one year

(1,162,945)

(1,235,689)

Net current assets

 

177,886

155,052

Total assets less current liabilities

 

1,546,575

1,165,333

Creditors: Amounts falling due after more than one year

(12,272)

(15,473)

Accruals and deferred income

 

(16,000)

(15,500)

Net assets

 

1,518,303

1,134,360

Capital and reserves

 

Called up share capital

6

2

2

Retained earnings

1,518,301

1,134,358

Shareholders' funds

 

1,518,303

1,134,360

For the financial year ending 29 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 July 2025
 

 

Addlestone Electrical Wholesalers Limited

(Registration number: 07317480)
Abridged Balance Sheet as at 29 June 2025

.........................................
Sam Tom Bissix
Director

 

Addlestone Electrical Wholesalers Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 June 2025

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Ground Floor, Egerton House, 68 Baker Street, Weybridge,
Surrey,
United Kingdom,
KT13 8AL

These financial statements were authorised for issue by the director on 15 July 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Improvement to property

20% WDV

Fixtures & Fittings

20% WDV

Motor Vehicle

20% WDV

 

Addlestone Electrical Wholesalers Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 June 2025

Computer Equipments

20% WDV

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Addlestone Electrical Wholesalers Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 June 2025

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 18 (2024 - 25).

 

Addlestone Electrical Wholesalers Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 June 2025

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 30 June 2024

44,137

991,555

70,363

-

1,106,055

Additions

-

463,374

-

-

463,374

Disposals

-

(23,500)

(50,000)

-

(73,500)

At 29 June 2025

44,137

1,431,429

20,363

-

1,495,929

Depreciation

At 30 June 2024

20,404

23,608

51,762

-

95,774

Charge for the year

3,751

9,281

4,421

87,513

104,966

Eliminated on disposal

-

(23,500)

(50,000)

-

(73,500)

At 29 June 2025

24,155

9,389

6,183

87,513

127,240

Carrying amount

At 29 June 2025

19,982

1,422,040

14,180

(87,513)

1,368,689

At 29 June 2024

23,733

967,947

18,601

-

1,010,281

Included within the net book value of land and buildings above is £19,981 (2024 - £23,733) in respect of freehold land and buildings.
 

 

Addlestone Electrical Wholesalers Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 June 2025

5

Stocks

2025
£

2024
£

Other inventories

349,665

353,102

6

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary Shares of £0.10 each

12

1

12

1

Ordinary Shares of £0.10 each

8

1

8

1

20

2

20

2

7

Related party transactions

 

Addlestone Electrical Wholesalers Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 June 2025

Director's remuneration

The director's remuneration for the year was as follows:

2025
£

2024
£

Remuneration

76,942

97,619