REGISTERED NUMBER: 10536831 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

GDA ELECTRICAL WHOLESALER LTD

Page

Company Information

1

Chartered Certified Accountants' Report

2

Statement of Financial Position

4

Notes to the Financial Statements

6

DIRECTOR:

G P Sylvester

REGISTERED OFFICE:

Unit 1

Viking Industrial Estate

Hudson Road

Bedford

MK41 0LZ

REGISTERED NUMBER:

10536831 (England and Wales)

ACCOUNTANTS:

TC CH Limited

4 Office Village

Forder Way

Cygnet Park, Hampton

Peterborough

Cambridgeshire

PE7 8GX

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 Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income 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 GDA Electrical Wholesaler Ltd for the year ended 31 March 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the director of GDA Electrical Wholesaler Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of GDA Electrical Wholesaler Ltd and state those matters that we have agreed to state to the director of GDA Electrical Wholesaler Ltd in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that GDA Electrical Wholesaler 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 loss of GDA Electrical Wholesaler Ltd. You consider that GDA Electrical Wholesaler 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 GDA Electrical Wholesaler 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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of the company, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of the company and state those matters that we have agreed to state to the Board of Directors of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the company 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 the company. You consider that the company 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 the company. 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.

TC CH Limited

4 Office Village

Forder Way

Cygnet Park, Hampton

Peterborough

Cambridgeshire

PE7 8GX

24 December 2025

FIXED ASSETS

Tangible assets

4

388,192

238,089

CURRENT ASSETS

Stocks

5

376,687

335,298

Debtors

6

1,757,474

1,051,593

Cash at bank and in hand

174,013

336,463

2,308,174

1,723,354

CREDITORS

Amounts falling due within one year

7

2,076,676

1,310,009

NET CURRENT ASSETS

231,498

413,345

TOTAL ASSETS LESS CURRENT LIABILITIES

619,690

651,434

CREDITORS

Amounts falling due after more than one year

8

(398,617

)

(116,662

)

PROVISIONS FOR LIABILITIES

11

(79,227

)

(11,923

)

NET ASSETS

141,846

522,849

CAPITAL AND RESERVES

Called up share capital

20,000

20,000

Retained earnings

121,846

502,849

141,846

522,849

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 24 December 2025 and were signed by:

G P Sylvester - Director

1.	STATUTORY INFORMATION

GDA Electrical Wholesaler 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 (£).

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.

CBILS Loan

Under the Coronavirus Business Interruption Loan Scheme (CBILS) within creditors is a loan of £58,333 This is to being repaid monthly over the next 4 years.

Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

No significant judgements (apart from those involving estimations) have been made by management in the process of applying the entity's accounting policies and preparing these financial statements.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. There have been no key assumptions or there sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings - 15% reducing balance

Plant and machinery - 33% on cost, 25% on reducing balance and 15% on reducing balance

At each balance sheet date assets not carried at fair value are assessed to determine whether there is an indication that the asset may be impaired. If there is such an indication the recoverable amount of the asset is compared to the carrying amount of the asset.

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 holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financial instrument and is measured at amortised cost.

Financial liabilities - trade creditors, accruals and other creditors and basic financial instruments and are measured at amortised cost. Taxation and social security and not included in the financial instruments disclosure definition.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Debtors

Short term debtors are initially measured at transaction price less attributable costs and then subsequently measured at amortised costs using EIR. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are initially measured at transaction price less attributable costs. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 18 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

213,846

50,272

108,293

81,865

454,276

Additions

136,255

4,080

150

80,023

220,508

At 31 March 2025

350,101

54,352

108,443

161,888

674,784

DEPRECIATION

At 1 April 2024

83,104

41,233

63,936

27,914

216,187

Charge for year

40,050

2,345

6,672

21,338

70,405

At 31 March 2025

123,154

43,578

70,608

49,252

286,592

NET BOOK VALUE

At 31 March 2025

226,947

10,774

37,835

112,636

388,192

At 31 March 2024

130,742

9,039

44,357

53,951

238,089

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

Motor

vehicles

£

COST

At 1 April 2024

81,865

Additions

74,195

At 31 March 2025

156,060

DEPRECIATION

At 1 April 2024

27,914

Charge for year

21,217

At 31 March 2025

49,131

NET BOOK VALUE

At 31 March 2025

106,929

At 31 March 2024

53,951

5.

STOCKS

2025

2024

£

£

Stocks

376,687

335,298

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,331,533

886,645

Amounts owed by group undertakings

123,172

-

Other debtors

199,466

139,199

Directors' loan accounts

68,898

-

Prepayments

34,405

25,749

1,757,474

1,051,593

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans (see note 9)

44,792

50,000

Hire purchase contracts (see note 10)

30,770

-

Trade creditors

1,275,505

635,890

Corporation tax

(25,993

)

13,632

Social security and other taxes

17,387

12,168

VAT

22,761

31,836

Other creditors

662,800

498,901

Pension

3,225

2,605

Credit card account

45,310

43,957

Directors' loan accounts

-

176

Accrued expenses

119

20,844

2,076,676

1,310,009

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other loans (see note 9)

323,019

58,333

Hire purchase contracts (see note 10)

75,598

58,329

398,617

116,662

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Other loans

44,792

50,000

Amounts falling due between one and two years:

Loan more than 1yr

323,019

58,333

10.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2025

2024

£

£

Net obligations repayable:

Within one year

30,770

-

Between one and five years

75,598

58,329

106,368

58,329

11.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

79,227

11,923

Deferred

tax

£

Balance at 1 April 2024

11,923

Provided during year

67,304

Balance at 31 March 2025

79,227

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end a director owed £68,898 (2024 - £176). This loan is unsecured, and repayable on demand. The Loan was repaid within 9 months of the year end.

Interest has been charged on the loan at the HMRC official rate of 2.25% .

13.	RELATED PARTY DISCLOSURES

Amounts owed by group undertakings were £123,172.

14.	ULTIMATE CONTROLLING PARTY

The controlling party is G P Sylvester.