Nelson Electrical Wholesale Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07899777 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Nelson Electrical Wholesale Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr L Nelson

REGISTERED OFFICE:

13 Liverpool Road North

Maghull

Merseyside

L31 2HB

REGISTERED NUMBER:

07899777 (England and Wales)

ACCOUNTANTS:

McParland Williams Limited

13 Liverpool Road North

Maghull

Merseyside

L31 2HB

FIXED ASSETS

Tangible assets

4

5,593

4,074

CURRENT ASSETS

Stocks

20,344

19,787

Debtors

5

57,801

52,332

Cash at bank

66,971

67,428

145,116

139,547

CREDITORS

Amounts falling due within one year

6

63,390

65,553

NET CURRENT ASSETS

81,726

73,994

TOTAL ASSETS LESS CURRENT
LIABILITIES

87,319

78,068

CREDITORS

Amounts falling due after more than one
year

7

(7,416

)

(15,750

)

PROVISIONS FOR LIABILITIES

(1,791

)

(774

)

NET ASSETS

78,112

61,544

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

78,012

61,444

SHAREHOLDERS' FUNDS

78,112

61,544

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 director acknowledges his 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 director and authorised for issue on 30 October 2025 and were signed by:

Mr L Nelson - Director

1.	STATUTORY INFORMATION

Nelson Electrical Wholesale 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.

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.

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

25% 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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Office

fittings

vehicles

equipment

Totals

£

COST

At 1 February 2024

7,954

15,150

3,231

26,335

Additions

1,552

-

1,790

3,342

At 31 January 2025

9,506

15,150

5,021

29,677

DEPRECIATION

At 1 February 2024

7,113

12,454

2,694

22,261

Charge for year

567

674

582

1,823

At 31 January 2025

7,680

13,128

3,276

24,084

NET BOOK VALUE

At 31 January 2025

1,826

2,022

1,745

5,593

At 31 January 2024

841

2,696

537

4,074

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Trade debtors

51,718

46,249

Other debtors

6,083

57,801

52,332

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Bank loans and overdrafts

9,000

Trade creditors

12,555

10,251

Taxation and social security

41,693

27,294

Other creditors

142

19,008

63,390

65,553

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.1.25

31.1.24

£

Bank loans

7,416

15,750