ANDERSON ELECTRICAL TRADE LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J H Anderson

M Ross

REGISTERED OFFICE:

Unit 6 Coleman's Yard

Alfreton Road

Derby

Derbyshire

DE21 4AL

REGISTERED NUMBER:

06799261 (England and Wales)

ACCOUNTANTS:

Sibbalds Limited

Chartered Accountants and Business Advisers

Oakhurst House

57 Ashbourne Road

Derby

Derbyshire

DE22 3FS

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

17,069

8,422

Investments

6

150,750

-

167,819

8,422

CURRENT ASSETS

Stocks

268,868

141,974

Debtors

7

257,819

185,000

Cash at bank and in hand

15,402

56,137

542,089

383,111

CREDITORS

Amounts falling due within one year

8

619,489

300,066

NET CURRENT (LIABILITIES)/ASSETS

(77,400

)

83,045

TOTAL ASSETS LESS CURRENT LIABILITIES

90,419

91,467

CREDITORS

Amounts falling due after more than one year

9

(36,600

)

(37,176

)

PROVISIONS FOR LIABILITIES

12

(4,300

)

(2,100

)

NET ASSETS

49,519

52,191

CAPITAL AND RESERVES

Called up share capital

13

50

50

Capital redemption reserve

50

50

Retained earnings

49,419

52,091

SHAREHOLDERS' FUNDS

49,519

52,191

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 26 September 2025 and were signed on its behalf by:

J H Anderson - Director

1.	STATUTORY INFORMATION

Anderson Electrical Trade 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.

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.

Leasehold Improvements

-

Over the term of the lease

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at 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.

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 13 (2023 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Website

development

£

COST

At 1 January 2024

and 31 December 2024

3,910

AMORTISATION

At 1 January 2024

and 31 December 2024

3,910

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Leasehold

Plant and

and

Computer

Improvements

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

-

5,962

39,308

43,927

89,197

Additions

8,576

-

729

4,184

13,489

Disposals

-

(638

)

(1,292

)

(8,162

)

(10,092

)

At 31 December 2024

8,576

5,324

38,745

39,949

92,594

DEPRECIATION

At 1 January 2024

-

5,592

36,034

39,149

80,775

Charge for year

502

92

937

3,305

4,836

Eliminated on disposal

-

(638

)

(1,286

)

(8,162

)

(10,086

)

At 31 December 2024

502

5,046

35,685

34,292

75,525

NET BOOK VALUE

At 31 December 2024

8,074

278

3,060

5,657

17,069

At 31 December 2023

-

370

3,274

4,778

8,422

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

150,750

NET BOOK VALUE

At 31 December 2024

150,750

At 31 December 2023

150,750

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

216,416

167,800

Other debtors

41,403

17,200

257,819

185,000

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

19,395

15,412

Trade creditors

286,969

87,900

Taxation and social security

3,264

40,509

Other creditors

309,861

156,245

619,489

300,066

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

36,600

24,676

Other creditors

-

12,500

36,600

37,176

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,888

-

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

17,118

10,853

Between one and five years

41,516

17,801

58,634

28,654

11.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Other loans

40,995

15,087

Other loans have been secured by personal guarantee made by the directors.

12.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

4,300

2,100

Deferred

tax

£

Balance at 1 January 2024

2,100

Provided during year

2,200

Balance at 31 December 2024

4,300

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

40

Ordinary B

£1

40

40

10

Ordinary D

£1

10

10

50

50

14.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

J H Anderson

Balance outstanding at start of year

7,571

-

Amounts advanced

13,070

7,571

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

20,641

7,571

M Ross

Balance outstanding at start of year

1,075

-

Amounts advanced

3,950

1,075

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

5,025

1,075