IRIS Accounts Production v25.2.0.378 07108739 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 07108739 2023-12-31 07108739 2024-12-31 07108739 2024-01-01 2024-12-31 07108739 2022-12-31 07108739 2023-01-01 2023-12-31 07108739 2023-12-31 07108739 ns15:EnglandWales 2024-01-01 2024-12-31 07108739 ns14:PoundSterling 2024-01-01 2024-12-31 07108739 ns10:Director1 2024-01-01 2024-12-31 07108739 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 07108739 ns10:SmallEntities 2024-01-01 2024-12-31 07108739 ns10:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 07108739 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 07108739 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 07108739 ns10:FullAccounts 2024-01-01 2024-12-31 07108739 ns10:Director2 2024-01-01 2024-12-31 07108739 ns10:Director3 2024-01-01 2024-12-31 07108739 ns10:RegisteredOffice 2024-01-01 2024-12-31 07108739 ns5:CurrentFinancialInstruments 2024-12-31 07108739 ns5:CurrentFinancialInstruments 2023-12-31 07108739 ns5:Non-currentFinancialInstruments 2024-12-31 07108739 ns5:Non-currentFinancialInstruments 2023-12-31 07108739 ns5:ShareCapital 2024-12-31 07108739 ns5:ShareCapital 2023-12-31 07108739 ns5:CapitalRedemptionReserve 2024-12-31 07108739 ns5:CapitalRedemptionReserve 2023-12-31 07108739 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 07108739 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 07108739 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-01-01 2024-12-31 07108739 ns5:FurnitureFittings 2024-01-01 2024-12-31 07108739 ns5:MotorVehicles 2024-01-01 2024-12-31 07108739 ns5:ComputerEquipment 2024-01-01 2024-12-31 07108739 ns5:LongLeaseholdAssets ns5:LandBuildings 2023-12-31 07108739 ns5:FurnitureFittings 2023-12-31 07108739 ns5:MotorVehicles 2023-12-31 07108739 ns5:ComputerEquipment 2023-12-31 07108739 ns5:LongLeaseholdAssets ns5:LandBuildings 2024-12-31 07108739 ns5:FurnitureFittings 2024-12-31 07108739 ns5:MotorVehicles 2024-12-31 07108739 ns5:ComputerEquipment 2024-12-31 07108739 ns5:LongLeaseholdAssets ns5:LandBuildings 2023-12-31 07108739 ns5:FurnitureFittings 2023-12-31 07108739 ns5:MotorVehicles 2023-12-31 07108739 ns5:ComputerEquipment 2023-12-31 07108739 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2023-12-31 07108739 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 07108739 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2024-12-31 07108739 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2023-12-31 07108739 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 07108739 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 07108739 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2024-12-31 07108739 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2023-12-31 07108739 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2024-12-31 07108739 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2023-12-31 07108739 ns5:HirePurchaseContracts 2024-12-31 07108739 ns5:HirePurchaseContracts 2023-12-31 07108739 ns5:WithinOneYear 2024-12-31 07108739 ns5:WithinOneYear 2023-12-31 07108739 ns5:BetweenOneFiveYears 2024-12-31 07108739 ns5:BetweenOneFiveYears 2023-12-31 07108739 ns5:AllPeriods 2024-12-31 07108739 ns5:AllPeriods 2023-12-31

REGISTERED NUMBER: 07108739 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2024 |

| FOR |

| REWARD ELECTRICAL DISTRIBUTORS LTD |

REWARD ELECTRICAL DISTRIBUTORS LTD (REGISTERED NUMBER: 07108739) |

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 December 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| REWARD ELECTRICAL DISTRIBUTORS LTD |

COMPANY INFORMATION

for the year ended 31 December 2024

| DIRECTORS: | S Ward

| Mrs P D Farmer

| D J Branson

| REGISTERED OFFICE: | Unit 2

| 280 Foleshill Road

| Coventry

| West Midlands

| CV6 5AH

| REGISTERED NUMBER: | 07108739 (England and Wales)

REWARD ELECTRICAL DISTRIBUTORS LTD (REGISTERED NUMBER: 07108739) |

BALANCE SHEET

31 December 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 58,669 |  | 57,782 |  |

CURRENT ASSETS

Stocks | 117,813 |  | 139,254 |  |

Debtors | 5 | 897,874 |  | 918,339 |  |

Cash at bank and in hand | 201,219 |  | 169,599 |  |

1,216,906 |  | 1,227,192 |  |

CREDITORS

Amounts falling due within one year | 6 | 467,787 |  | 429,786 |  |

NET CURRENT ASSETS | 749,119 |  | 797,406 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 807,788 |  | 855,188 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (25,012 | ) | (35,566 | ) |

PROVISIONS FOR LIABILITIES | (13,859 | ) | (13,638 | ) |

ACCRUALS AND DEFERRED INCOME | (13,937 | ) | (14,843 | ) |

NET ASSETS | 754,980 |  | 791,141 |  |

CAPITAL AND RESERVES

Called up share capital | 50 |  | 50 |  |

Capital redemption reserve | 50 |  | 50 |  |

Retained earnings | 754,880 |  | 791,041 |  |

754,980 |  | 791,141 |  |

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.

REWARD ELECTRICAL DISTRIBUTORS LTD (REGISTERED NUMBER: 07108739) |

BALANCE SHEET - continued

31 December 2024

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 10 September 2025 and were signed on its behalf by:

Mrs P D Farmer - Director

REWARD ELECTRICAL DISTRIBUTORS LTD (REGISTERED NUMBER: 07108739) |

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 December 2024

1. | STATUTORY INFORMATION

| Reward Electrical Distributors 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.

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.

| The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

| Turnover

| Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

| 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.

| Long leasehold | - | over the lease term

| Fixtures & fittings | - | Straight line over 15 years

| Motor vehicles | - | 25% on cost

| Computer equipment | - | 20% on cost

| 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.

REWARD ELECTRICAL DISTRIBUTORS LTD (REGISTERED NUMBER: 07108739) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

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 8 (2023 - 8 ) .

4. | TANGIBLE FIXED ASSETS

| Long |  | Fixtures |  | Motor |  | Computer |

| leasehold |  | & fittings |  | vehicles |  | equipment |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 January 2024 | 32,784 |  | 32,702 |  | 56,781 |  | 27,023 |  | 149,290 |  |

| Additions | - |  | 21,950 |  | - |  | 666 |  | 22,616 |  |

| Disposals | - |  | (25,098 | ) | - |  | (1,944 | ) | (27,042 | ) |

| At 31 December 2024 | 32,784 |  | 29,554 |  | 56,781 |  | 25,745 |  | 144,864 |  |

| DEPRECIATION

| At 1 January 2024 | 32,784 |  | 22,620 |  | 9,136 |  | 26,968 |  | 91,508 |  |

| Charge for year | - |  | 1,248 |  | 14,195 |  | 116 |  | 15,559 |  |

| Eliminated on disposal | - |  | (18,928 | ) | - |  | (1,944 | ) | (20,872 | ) |

| At 31 December 2024 | 32,784 |  | 4,940 |  | 23,331 |  | 25,140 |  | 86,195 |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  | 24,614 |  | 33,450 |  | 605 |  | 58,669 |  |

| At 31 December 2023 | - |  | 10,082 |  | 47,645 |  | 55 |  | 57,782 |  |

REWARD ELECTRICAL DISTRIBUTORS LTD (REGISTERED NUMBER: 07108739) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

4. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 January 2024

| and 31 December 2024 | 56,781 |  |

| DEPRECIATION

| At 1 January 2024 | 9,136 |  |

| Charge for year | 14,195 |  |

| At 31 December 2024 | 23,331 |  |

| NET BOOK VALUE

| At 31 December 2024 | 33,450 |  |

| At 31 December 2023 | 47,645 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 201,586 |  | 236,648 |  |

| Amounts owed by group undertakings | 602,900 |  | 610,263 |  |

| Other debtors | 93,388 |  | 71,428 |  |

897,874 |  | 918,339 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Hire purchase contracts (see note 8) | 10,554 |  | 10,554 |  |

| Trade creditors | 383,932 |  | 315,506 |  |

| Taxation and social security | 73,301 |  | 103,726 |  |

467,787 |  | 429,786 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Hire purchase contracts (see note 8) | 25,012 |  | 35,566 |  |

REWARD ELECTRICAL DISTRIBUTORS LTD (REGISTERED NUMBER: 07108739) |

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 December 2024

8. | LEASING AGREEMENTS

| Minimum lease payments fall due as follows:

| Hire purchase |

| contracts |

2024 | 2023 |

£ | £ |

| Net obligations repayable:

| Within one year | 10,554 |  | 10,554 |  |

| Between one and five years | 25,012 |  | 35,566 |  |

35,566 |  | 46,120 |  |

| Non-cancellable |

| operating leases |

2024 | 2023 |

£ | £ |

| Within one year | 14,580 |  | - |  |

| Between one and five years | 8,505 |  | - |  |

23,085 |  | - |  |

9. | CONTROLLING INTERESTS

| The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.