These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

C.R.S. Electrical Supplies Limited is a private company limited by shares incorporated in England and Wales. The registered office is 155 Larkhall Lane, London, SW4 6RF.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

In preparing these financial statements the directors are required to consider the appropriateness of the going concern assumption, the ability of the company to continue to operate for a period of at least 12 months after the date the financial statements are approved.

As at 30th April 2025, the company had net current assets of £1,413,809 (2024 - £1,378,184).

Post year end, the property held within the company and utilised within the group as trading premises will be transferred up into the parent company of 3Line Electrical Wholesale Limited. At which point the company will continue as dormant, until such time as the group decides to dissolve the company.

Accordingly, the directors have assessed that it is not appropriate for the financial statements to be prepared on the going concern basis.

Financial statements prepared on a basis other than going concern, present all assets at the lower of their cost or realisable value, and present all liabilities as falling due within one year at the value of the future cash outflows expected.

Although these financial statements have been prepared on a basis other than going concern, due to the nature of the company's assets and liabilities at its balance sheet dates, there has been no impact on the reported performance or position of the company as a result of the financial statements having been prepared on this basis.

Rent receivable is recognised in the period it relates to and any rent received in advance is deferred.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Due to the financial statements not being prepared on the going concern basis, land and buildings have been subsequently revalued to the expected proceeds from sale after the balance sheet date.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

The average monthly number of persons (including directors) employed by the company during the year was:

Freehold property above is secured by fixed and floating charges.

The property has been revalued under the break up basis method to the expected consideration receivable after the balance sheet date. The historic cost of the property was £285,819.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Emphasis of matter — non-going concern basis of accounting

We draw attention to Note 1.2 to the financial statements which explains that the group intends to transfer the property held to its immediate parent company which will lead to the cessation of trade. The directors therefore do not consider it to be appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly the financial statements have been prepared on a basis other than going concern as described in Note 1.2. Our opinion is not modified in respect of this matter.

The company has taken advantage of the exemption available under Section 33 of FRS 102 and has not disclosed details of transactions or balances with other wholly-owned group companies.

The immediate parent company is C.R.S. Electrical (Holdings) Limited. The ultimate parent company is 3Line Holdings Limited, which is the parent company of the largest group to consolidate these financial statements.

Copies of the consolidated financial statements can be obtained from the Company Secretary at Unit 3 Wessex Trade Centre, Ringwood Road, Poole, Dorset, BH12 3PF.

The ultimate controlling party of the group is, Mr K. Avenell, by way of his majority shareholding.