REGISTERED NUMBER: 00491289 (England and Wales)

WILSON ELECTRIC (BATTERSEA) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G C Brooker

Mrs J M Plumbridge

Ms C Brooker

Mr D Falzarano

SECRETARY:

Mrs J M Plumbridge

REGISTERED OFFICE:

51 Willow Lane

Willow Lane Trading Estate

Mitcham

Surrey

CR4 4NA

REGISTERED NUMBER:

00491289 (England and Wales)

ACCOUNTANTS:

Hakim Fry

Chartered Accountants

69-71 East Street

Epsom

Surrey

KT17 1BP

BANKERS:

NatWest Bank plc

PO Box 3203

66-68 St John's Road

Clapham Junction

London

SW11 1PB

FIXED ASSETS

Intangible assets

5

145,833

195,833

Tangible assets

6

1,249,167

1,342,318

Investments

7

200

200

1,395,200

1,538,351

CURRENT ASSETS

Stocks

8

570,620

425,328

Debtors

9

1,183,295

1,028,172

Cash at bank and in hand

91,081

157,624

1,844,996

1,611,124

CREDITORS

Amounts falling due within one year

10

1,154,089

1,115,305

NET CURRENT ASSETS

690,907

495,819

TOTAL ASSETS LESS CURRENT LIABILITIES

2,086,107

2,034,170

CREDITORS

Amounts falling due after more than one year

11

(244,556

)

(311,381

)

PROVISIONS FOR LIABILITIES

(310,705

)

(333,892

)

NET ASSETS

1,530,846

1,388,897

CAPITAL AND RESERVES

Called up share capital

13

1,000

1,000

Retained earnings

1,529,846

1,387,897

SHAREHOLDERS' FUNDS

1,530,846

1,388,897

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 2 September 2025 and were signed on its behalf by:

Ms C Brooker - Director

1.	STATUTORY INFORMATION

Wilson Electric (Battersea) Limited 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.

Leasehold property

-

over lease term

Improvements to property

-

5% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on reducing balance

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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Investments

Investments are included at cost less amounts written off. Profits or losses arising from disposals of fixed asset investments are treated as part of the result from ordinary activities.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2024 - 31 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

267,397

AMORTISATION

At 1 February 2024

71,564

Charge for year

50,000

At 31 January 2025

121,564

NET BOOK VALUE

At 31 January 2025

145,833

At 31 January 2024

195,833

6.	TANGIBLE FIXED ASSETS

Improvements

Leasehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 February 2024

537,643

268,483

185,055

Additions

-

-

23,377

Disposals

-

-

-

At 31 January 2025

537,643

268,483

208,432

DEPRECIATION

At 1 February 2024

83,399

104,260

127,262

Charge for year

8,272

8,211

17,752

Eliminated on disposal

-

-

-

At 31 January 2025

91,671

112,471

145,014

NET BOOK VALUE

At 31 January 2025

445,972

156,012

63,418

At 31 January 2024

454,244

164,223

57,793

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2024

15,930

868,227

33,366

1,908,704

Additions

-

159,850

712

183,939

Disposals

-

(122,840

)

-

(122,840

)

At 31 January 2025

15,930

905,237

34,078

1,969,803

DEPRECIATION

At 1 February 2024

9,296

221,467

20,702

566,386

Charge for year

663

170,170

4,328

209,396

Eliminated on disposal

-

(55,146

)

-

(55,146

)

At 31 January 2025

9,959

336,491

25,030

720,636

NET BOOK VALUE

At 31 January 2025

5,971

568,746

9,048

1,249,167

At 31 January 2024

6,634

646,760

12,664

1,342,318

A legal charge is being held over the cost of the Leasehold Property. The property was purchased for £537,643 on 22 January 2014 and being written down over 65 years.

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

Plant and

machinery

etc

£

COST

At 1 February 2024

619,544

Additions

64,850

Disposals

(21,645

)

Transfer to ownership

(21,645

)

At 31 January 2025

641,104

DEPRECIATION

At 1 February 2024

132,016

Charge for year

124,048

Eliminated on disposal

(9,914

)

At 31 January 2025

246,150

NET BOOK VALUE

At 31 January 2025

394,954

At 31 January 2024

487,528

7.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 February 2024

and 31 January 2025

200

NET BOOK VALUE

At 31 January 2025

200

At 31 January 2024

200

The fixed asset investment represents a holding of 20% of the ordinary share capital of Wilson Electric (Motor Sales) Limited.

8.

STOCKS

31.1.25

31.1.24

£

£

Stocks

570,620

425,328

9.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

1,026,812

901,599

Other debtors

156,483

126,573

1,183,295

1,028,172

10.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

161,991

247,084

Hire purchase contracts

80,393

93,636

Trade creditors

190,387

227,576

Taxation and social security

185,494

125,455

Other creditors

535,824

421,554

1,154,089

1,115,305

11.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

59,293

72,640

Hire purchase contracts

185,263

238,741

244,556

311,381

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

8,251

23,943

12.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Bank overdrafts

149,231

234,910

Bank loans

72,053

84,814

221,284

319,724

National Westminster Bank PLC has fixed charge by way of legal mortgage over 51 Willow Lane, Mitcham, CR4 4NA, and all legal interest in 51 Willow Lane, Mitcham, CR4 4NA land registry no. SGL270966.

Close Invoice Finance Ltd has fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant & machinery.

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

500

Ordinary

£1

500

500

500

A Ordinary

£1

500

500

1,000

1,000

14.	RELATED PARTY DISCLOSURES

The company is controlled by the directors by virtue of their majority shareholdings.

The directors also have a controlling interest in Wilson Electric (Motor Sales) Limited. The bank overdrafts of the two companies are cross guaranteed and secured by way of debenture against the assets of Wilson Electric (Battersea) Limited.

Included in other debtors is an amount of £623 (2024: £27) owed from Wilson Electric (Motor Sales) Limited, where Mr G C Brooker and Mrs J M Plumbridge are directors and shareholders.

15.	ULTIMATE CONTROLLING PARTY

The company is under the control of its shareholders by virtue of their shareholdings