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REGISTERED NUMBER: 02689667 (England and Wales)















DIRECT ELECTRICAL SUPPLY (TAMWORTH)
LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025






DIRECT ELECTRICAL SUPPLY (TAMWORTH)
LIMITED (REGISTERED NUMBER: 02689667)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 28 FEBRUARY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


DIRECT ELECTRICAL SUPPLY (TAMWORTH)
LIMITED

COMPANY INFORMATION
For The Year Ended 28 FEBRUARY 2025







DIRECTORS: M J Connor
Mrs E L Snowden





REGISTERED OFFICE: Sandy Way
Amington
Tamworth
Staffordshire
B77 4DS





REGISTERED NUMBER: 02689667 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

DIRECT ELECTRICAL SUPPLY (TAMWORTH)
LIMITED (REGISTERED NUMBER: 02689667)

BALANCE SHEET
28 FEBRUARY 2025

28.2.25 29.2.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 670,596 607,877
Investments 5 1,052,758 776,219
1,723,354 1,384,096

CURRENT ASSETS
Stocks 169,888 178,653
Debtors 6 329,004 417,333
Cash at bank and in hand 821,337 894,154
1,320,229 1,490,140
CREDITORS
Amounts falling due within one year 7 258,058 311,201
NET CURRENT ASSETS 1,062,171 1,178,939
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,785,525

2,563,035

PROVISIONS FOR LIABILITIES 71,966 56,966
NET ASSETS 2,713,559 2,506,069

CAPITAL AND RESERVES
Called up share capital 1,260 1,260
Revaluation reserve 8 416,136 161,136
Capital redemption reserve 1,840 1,840
Fair value reserve 8 - 210,000
Retained earnings 2,294,323 2,131,833
SHAREHOLDERS' FUNDS 2,713,559 2,506,069

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

DIRECT ELECTRICAL SUPPLY (TAMWORTH)
LIMITED (REGISTERED NUMBER: 02689667)

BALANCE SHEET - continued
28 FEBRUARY 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 14 August 2025 and were signed on its behalf by:





M J Connor - Director


DIRECT ELECTRICAL SUPPLY (TAMWORTH)
LIMITED (REGISTERED NUMBER: 02689667)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 28 FEBRUARY 2025


1. STATUTORY INFORMATION

Direct Electrical Supply (Tamworth) 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 as modified by the revaluation of certain assets.

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.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance and 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.

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.

Investments
Investments are stated at fair value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 9 ) .

DIRECT ELECTRICAL SUPPLY (TAMWORTH)
LIMITED (REGISTERED NUMBER: 02689667)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 FEBRUARY 2025


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 March 2024 550,000 131,079 681,079
Additions - 27,374 27,374
Disposals - (22,550 ) (22,550 )
Revaluations 60,000 - 60,000
At 28 February 2025 610,000 135,903 745,903
DEPRECIATION
At 1 March 2024 - 73,202 73,202
Charge for year - 19,940 19,940
Eliminated on disposal - (17,835 ) (17,835 )
At 28 February 2025 - 75,307 75,307
NET BOOK VALUE
At 28 February 2025 610,000 60,596 670,596
At 29 February 2024 550,000 57,877 607,877

Cost or valuation at 28 February 2025 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2006 161,136 135,903 297,039
Valuation in 2023 210,000 - 210,000
Valuation in 2025 60,000 - 60,000
Cost 178,864 - 178,864
610,000 135,903 745,903

If freehold property had not been revalued it would have been included at the following historical cost:

28.2.25 29.2.24
£    £   
Cost 178,864 178,864

Freehold property was valued on an open market basis on 5 July 2024 by Calders Chartered Surveyors .

DIRECT ELECTRICAL SUPPLY (TAMWORTH)
LIMITED (REGISTERED NUMBER: 02689667)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 FEBRUARY 2025


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2024 776,219
Additions 400,000
Disposals (173,001 )
Revaluations 49,540
At 28 February 2025 1,052,758
NET BOOK VALUE
At 28 February 2025 1,052,758
At 29 February 2024 776,219

Cost or valuation at 28 February 2025 is represented by:

Other
investments
£   
Valuation in 2019 46,541
Valuation in 2022 21,820
Valuation in 2023 13,191
Valuation in 2024 10,173
Valuation in 2025 49,540
Cost 911,493
1,052,758

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade debtors 322,330 410,011
Other debtors 6,674 7,322
329,004 417,333

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade creditors 157,656 174,046
Taxation and social security 93,540 130,785
Other creditors 6,862 6,370
258,058 311,201

DIRECT ELECTRICAL SUPPLY (TAMWORTH)
LIMITED (REGISTERED NUMBER: 02689667)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 28 FEBRUARY 2025


8. RESERVES
Fair
Revaluation value
reserve reserve Totals
£    £    £   
At 1 March 2024 161,136 210,000 371,136
Transfer between reserves - (210,000 ) (210,000 )
Transfer between reserves 210,000 - 210,000
Revaluation 60,000 - 60,000
Deferred tax (15,000 ) - (15,000 )

At 28 February 2025 416,136 - 416,136

9. ULTIMATE CONTROLLING PARTY

The controlling party is M J Connor.