WARWICK ELECTRICAL WHOLESALERS LIMITED 30/04/2025 iXBRL

Company registration number: 03178829

WARWICK ELECTRICAL WHOLESALERS LIMITED

Unaudited filleted financial statements

30 April 2025

WARWICK ELECTRICAL WHOLESALERS LIMITED

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

WARWICK ELECTRICAL WHOLESALERS LIMITED

Directors and other information


	Directors	A Desira
		S Kennedy
		J Ruiz
		S Desira
		K Kennedy
		K Ruiz


	Secretary	A Desira


	Company number	03178829


	Registered office	44 Churton Street
		London
		SW1V 2LP


	Business address	44 Churton Street
		London
		SW1V 2LP


	Accountants	Pritchard Fellows & Co Ltd
		Avery House
		8 Avery Hill Road
		New Eltham
		London
		SE9 2BD




	Bankers	National Westminster Bank plc

WARWICK ELECTRICAL WHOLESALERS LIMITED

Statement of financial position

30 April 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	3,750		11,250
Tangible assets	6	67,211		35,968
		_______		_______
			70,961		47,218

Current assets
Stocks		291,297		279,865
Debtors	7	852,245		588,249
Cash at bank and in hand		10,849		30,608
		_______		_______
		1,154,391		898,722
Creditors: amounts falling due
within one year	8	( 600,011)		( 379,759)
		_______		_______
Net current assets			554,380		518,963
			_______		_______
Total assets less current liabilities			625,341		566,181

Creditors: amounts falling due
after more than one year	9		-		( 8,197)
			_______		_______
Net assets			625,341		557,984
			_______		_______

Capital and reserves
Called up share capital			50,000		50,000
Share premium account			39,999		39,999
Profit and loss account			535,342		467,985
			_______		_______
Shareholders funds			625,341		557,984
			_______		_______

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

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

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

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 23 September 2025 , and are signed on behalf of the board by:

A Desira

Director

Company registration number: 03178829

WARWICK ELECTRICAL WHOLESALERS LIMITED

Statement of changes in equity

Year ended 30 April 2025

	Called up share capital	Share premium account	Profit and loss account	Total
	£	£	£	£


At 1 May 2023	50,000	39,999	442,235	532,234

Profit for the year			25,750	25,750
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	25,750	25,750

	_______	_______	_______	_______
At 30 April 2024 and 1 May 2024	50,000	39,999	467,985	557,984

Profit for the year			67,357	67,357
	_______	_______	_______	_______
Total comprehensive income for the year	-	-	67,357	67,357

	_______	_______	_______	_______
At 30 April 2025	50,000	39,999	535,342	625,341
	_______	_______	_______	_______

WARWICK ELECTRICAL WHOLESALERS LIMITED

Notes to the financial statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in United kingdom. The address of the registered office is 44 Churton Street, London, SW1V 2LP.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:


Goodwill	-	Over 10 years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

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


Short leasehold property	-	Straight line over the life of the lease
Plant and machinery	-	3 years Straight Line
Fittings fixtures and equipment	-	15% Reducing balance
Motor vehicles	-	25% Reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

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. 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.

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 13 (2024: 13 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 May 2024 and 30 April 2025	75,000	75,000
	_______	_______
Amortisation
At 1 May 2024	63,750	63,750
Charge for the year	7,500	7,500
	_______	_______
At 30 April 2025	71,250	71,250
	_______	_______
Carrying amount
At 30 April 2025	3,750	3,750
	_______	_______
At 30 April 2024	11,250	11,250
	_______	_______

6. Tangible assets

	Short leasehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 May 2024	8,803	87,391	33,006	48,986	178,186
Additions	-	3,753	-	47,887	51,640
	_______	_______	_______	_______	_______
At 30 April 2025	8,803	91,144	33,006	96,873	229,826
	_______	_______	_______	_______	_______
Depreciation
At 1 May 2024	3,961	87,390	22,546	28,320	142,217
Charge for the year	440	1,251	1,569	17,138	20,398
	_______	_______	_______	_______	_______
At 30 April 2025	4,401	88,641	24,115	45,458	162,615
	_______	_______	_______	_______	_______
Carrying amount
At 30 April 2025	4,402	2,503	8,891	51,415	67,211
	_______	_______	_______	_______	_______
At 30 April 2024	4,842	1	10,460	20,666	35,969
	_______	_______	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	811,666	548,407
Other debtors	40,579	39,842
	_______	_______
	852,245	588,249
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	8,445	30,000
Trade creditors	509,042	303,190
Corporation tax	19,196	17,370
Social security and other taxes	53,764	18,704
Other creditors	9,564	10,495
	_______	_______
	600,011	379,759
	_______	_______

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	-	8,197
	_______	_______

10. Related party transactions

SW1 Plumbing and Heating Supplies Limited - -

Included in Other Debtors amounts owed to Warwick by SW1 was £Nil (2024 : £Nil).