REGISTERED NUMBER: 05086207 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

Wokingham Electrical and Lighting

Supplies Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M C Bodey

J Bodey

S A Price

Mrs L S Price

SECRETARY:

Mrs L S Price

REGISTERED OFFICE:

Unit 8 Station Industrial Estate

Oxford Road

Wokingham

Berkshire

RG41 2YQ

REGISTERED NUMBER:

05086207 (England and Wales)

ACCOUNTANT:

CSL Partnership Limited

Chartered Certified Accountants

238 Station Road

Addlestone

Surrey

KT15 2PS

FIXED ASSETS

Property, plant and equipment

4

22,064

30,675

CURRENT ASSETS

Inventories

72,150

97,000

Debtors

5

109,535

248,928

Cash at bank and in hand

204,369

249,251

386,054

595,179

CREDITORS

Amounts falling due within one year

6

(159,770

)

(322,356

)

NET CURRENT ASSETS

226,284

272,823

TOTAL ASSETS LESS CURRENT LIABILITIES

248,348

303,498

PROVISIONS FOR LIABILITIES

(5,516

)

(7,669

)

NET ASSETS

242,832

295,829

CAPITAL AND RESERVES

Called up share capital

280

280

Retained earnings

242,552

295,549

SHAREHOLDERS' FUNDS

242,832

295,829

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

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 5 September 2025 and were signed on its behalf by:

S A Price - Director

1.	STATUTORY INFORMATION

Wokingham Electrical and Lighting Supplies Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Revenue

Revenue is measured at fair value and represents revenues receivable under contracts net of value added tax. Where contractual obligations have been partially performed at the balance sheet date, revenue is recognised to the extent that the company has obtained the right to consideration through its performance.

Tangible fixed assets

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows:

Short leasehold - 20% on cost

Fixtures and fittings - 20% on cost

Motor vehicles - 25% on cost

Computer equipment - 33% on cost

On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the income statement.

Inventories

Inventories 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.

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 8 (2023 - 8 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Short

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

and 31 December 2024

3,473

8,102

47,995

4,052

63,622

DEPRECIATION

At 1 January 2024

3,473

8,102

17,932

3,440

32,947

Charge for year

-

-

7,999

612

8,611

At 31 December 2024

3,473

8,102

25,931

4,052

41,558

NET BOOK VALUE

At 31 December 2024

-

-

22,064

-

22,064

At 31 December 2023

-

-

30,063

612

30,675

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

86,787

226,277

Other debtors

1,828

1,926

Prepayments

20,920

20,725

109,535

248,928

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade creditors

83,075

208,542

Tax

33,595

51,511

Social security and other taxes

2,117

3,076

VAT

14,496

30,476

Other creditors

248

165

Directors' current accounts

234

234

Accrued expenses

26,005

28,352

159,770

322,356