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Company Registration No. 05814800 (England and Wales)
Electrical Wholesale Specialists Limited Unaudited accounts for the year ended 31 March 2025
Electrical Wholesale Specialists Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Electrical Wholesale Specialists Limited Company Information for the year ended 31 March 2025
Directors
Edward Evans James Donovan
Company Number
05814800 (England and Wales)
Registered Office
Ty Dewin 16 Station Road Port Talbot SA13 1JB Wales
Accountants
ACCOUNTANCY SOLUTIONS TY DEWIN 16 STATION ROAD PORT TALBOT SA13 1JB
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Electrical Wholesale Specialists Limited Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
125,678
167,227
Current assets
Inventories
310,232
312,984
Debtors
5
221,571
221,444
Cash at bank and in hand
82,399
29,079
614,202
563,507
Creditors: amounts falling due within one year
6
(329,392)
(346,617)
Net current assets
284,810
216,890
Total assets less current liabilities
410,488
384,117
Creditors: amounts falling due after more than one year
7
(99,868)
(119,026)
Net assets
310,620
265,091
Capital and reserves
Called up share capital
20,100
20,100
Profit and loss account
290,520
244,991
Shareholders' funds
310,620
265,091
For the year ending 31 March 2025 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2025 and were signed on its behalf by
Edward Evans Director Company Registration No. 05814800
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Electrical Wholesale Specialists Limited Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Electrical Wholesale Specialists Limited is a private company, limited by shares, registered in England and Wales, registration number 05814800. The registered office is Ty Dewin, 16 Station Road, Port Talbot, SA13 1JB, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% RB
Motor vehicles
25% SL
Fixtures & fittings
15% RB
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
11,245
147,427
67,626
226,298
Additions
-
-
216
216
At 31 March 2025
11,245
147,427
67,842
226,514
Depreciation
At 1 April 2024
4,795
12,713
41,563
59,071
Charge for the year
967
36,856
3,942
41,765
At 31 March 2025
5,762
49,569
45,505
100,836
Net book value
At 31 March 2025
5,483
97,858
22,337
125,678
At 31 March 2024
6,450
134,714
26,063
167,227
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Electrical Wholesale Specialists Limited Notes to the Accounts for the year ended 31 March 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
(9,939)
(5,180)
Trade debtors
226,248
216,992
Accrued income and prepayments
2,012
8,632
Other debtors
3,250
1,000
221,571
221,444
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,648
10,648
Obligations under finance leases and hire purchase contracts
9,235
7,591
Trade creditors
197,392
125,191
Taxes and social security
3,676
(2,011)
Other creditors
57,198
55,494
Loans from directors
39,622
138,083
Accruals
11,621
11,621
329,392
346,617
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
3,288
13,447
Obligations under finance leases and hire purchase contracts
96,580
105,579
99,868
119,026
8
Average number of employees
During the year the average number of employees was 5 (2024: 5).
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