DGF Electrical Wholesalers Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 04668222 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

DGF ELECTRICAL WHOLESALERS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTOR:

Mr D A Francis

SECRETARY:

Mrs E M Francis

REGISTERED OFFICE:

Unit 1 Priestley Business Centre

Priestley Street

Warrington

Cheshire

WA5 1TF

REGISTERED NUMBER:

04668222 (England and Wales)

ACCOUNTANTS:

Dunhams

Chartered Accountants

11 Warwick Road

Old Trafford

Stretford

Manchester

M16 0QQ

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

24,166

29,181

24,166

29,181

CURRENT ASSETS

Stocks

311,560

339,128

Debtors

6

247,420

383,683

Cash at bank and in hand

363,493

297,461

922,473

1,020,272

CREDITORS

Amounts falling due within one year

7

223,804

328,823

NET CURRENT ASSETS

698,669

691,449

TOTAL ASSETS LESS CURRENT LIABILITIES

722,835

720,630

PROVISIONS FOR LIABILITIES

5,004

5,159

NET ASSETS

717,831

715,471

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

717,731

715,371

SHAREHOLDERS' FUNDS

717,831

715,471

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 19 December 2025 and were signed by:

Mr D A Francis - Director

1.	STATUTORY INFORMATION

DGF Electrical Wholesalers 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 (£).

The accounts are presented rounded to the nearest 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.

Significant judgements and estimates

In the application of the Company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

Critical accounting judgements and key sources of estimation uncertainty

The director, in preparing the accounts, does not believe that any of the judgements or estimates made would be deemed significant.

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 2003, 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.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The Company only enters into basic financial instruments transactions that results in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non puttable ordinary shares.

Debtors

Short term debtors are measured at transactions price, less any provision for bad debt.

Cash and cash receivables

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more then 24 hours.

Creditors

Short term creditors are measured at transactions price.

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 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

30,800

AMORTISATION

At 1 April 2024

and 31 March 2025

30,800

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 April 2024

13,829

54,688

10,511

79,028

Additions

-

2,083

At 31 March 2025

13,829

54,688

12,594

81,111

DEPRECIATION

At 1 April 2024

10,199

29,137

10,511

49,847

Charge for year

538

6,388

172

7,098

At 31 March 2025

10,737

35,525

10,683

56,945

NET BOOK VALUE

At 31 March 2025

3,092

19,163

1,911

24,166

At 31 March 2024

3,630

25,551

-

29,181

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

220,840

378,133

Other debtors

1,002

1,875

Directors' current accounts

23,484

1,581

Tax

1,344

Prepayments

750

247,420

383,683

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

169,547

240,366

Tax

19,243

25,243

Social security and other taxes

2,625

2,473

VAT

29,223

57,921

Accrued expenses

3,166

2,820

223,804

328,823

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr D A Francis.

As sole director and sole holder of the entire issued ordinary share capital of the company, Mr D A Francis is considered to be the ultimate controlling party.

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of DGF Electrical Wholesalers Ltd for the year ended 31 March 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of DGF Electrical Wholesalers Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of DGF Electrical Wholesalers Ltd and state those matters that we have agreed to state to the director of DGF Electrical Wholesalers Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than DGF Electrical Wholesalers Ltd and its director for our work or for this report.

It is your duty to ensure that DGF Electrical Wholesalers Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of DGF Electrical Wholesalers Ltd. You consider that DGF Electrical Wholesalers Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of DGF Electrical Wholesalers Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Dunhams

Chartered Accountants

11 Warwick Road

Old Trafford

Stretford

Manchester

M16 0QQ

19 December 2025