Associated Independent Electrical Wholesalers Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04137743

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		422,607		422,884
Investments	5		20,511		20,511

			443,118		443,395
CURRENT ASSETS
Debtors	6	194,823		159,943
Cash at bank and in hand		142,858		150,360

		337,681		310,303
Creditors: Amounts Falling Due Within One Year	7	(275,202 )		(250,708 )

NET CURRENT ASSETS (LIABILITIES)			62,479		59,595

TOTAL ASSETS LESS CURRENT LIABILITIES			505,597		502,990

Creditors: Amounts Falling Due After More Than One Year	8		(199,216 )		(204,488 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(380 )		(441 )

NET ASSETS			306,001		298,061

CAPITAL AND RESERVES
Called up share capital	10		1,638		1,628
Profit and Loss Account			304,363		296,433

SHAREHOLDERS' FUNDS			306,001		298,061

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Associated Independent Electrical Wholesalers Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Andrew David Middleton Dunning Director	Ms Elaine Patricia Lamb Director
17 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Associated Independent Electrical Wholesalers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04137743 . The registered office is B6 Lows Lane, Stanton-By-Dale, Ilkeston, Derbyshire, DE7 4RJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	N/A
Fixtures & Fittings	33.33% straight line
Computer Equipment	33.33% straight line

2.4. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2023: 9)

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Associated Independent Electrical Wholesalers Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Land & Property
	Freehold	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	419,685	24,433	15,127	459,245
Additions	-	960	1,831	2,791

As at 31 December 2024	419,685	25,393	16,958	462,036

Depreciation
As at 1 January 2024	-	22,884	13,477	36,361
Provided during the period	-	1,633	1,435	3,068

As at 31 December 2024	-	24,517	14,912	39,429

Net Book Value
As at 31 December 2024	419,685	876	2,046	422,607

As at 1 January 2024	419,685	1,549	1,650	422,884

5. Investments

	Other
	£
Cost
As at 1 January 2024	20,511

As at 31 December 2024	20,511

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	20,511

As at 1 January 2024	20,511

6. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	141,946	116,270
Prepayments and accrued income	18,070	19,222
Other debtors	104	94
Amounts owed by group undertakings	34,703	24,357

	194,823	159,943

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Associated Independent Electrical Wholesalers Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	90,520	67,424
Bank loans and overdrafts	9,872	14,471
Corporation tax	67,151	62,628
Other taxes and social security	15,508	15,352
Other creditors	2,075	2,022
Accruals and deferred income	90,076	88,811

	275,202	250,708

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	199,216	204,488

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2024		2023
	£		£
Bank loans	140,552		139,158

9. Secured Creditors

Of the creditors the following amounts are secured by a legal charge over the property.

	2024		2023
	£		£
Bank loans and overdrafts	209,087		218,959

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	1,638	1,628

11. Other Commitments

The total of future minimum lease payments under non-cancellable operating leases are as following:

	2024	2023
	£	£
Not later than one year	19,833	12,351
Later than one year and not later than five years	24,350	16,324

	44,183	28,675

12. Pension Commitments

The company operates a defined contribution pension scheme for the employees. At the balance sheet date unpaid contributions of £2,074 (2023: £2,022) were due to the fund. They are included in other creditors.

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