06536345falsethat of wholesale of electrical goods2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:CompanySecretary12024-04-012025-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2024-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2024-03-31http://www.companieshouse.gov.uk/cd:Director12024-04-012025-03-31http://www.companieshouse.gov.uk/pt:PlantMachinery2025-03-31http://www.companieshouse.gov.uk/pt:ShareCapital2025-03-31http://www.companieshouse.gov.uk/cd:Director22024-04-012025-03-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12024-04-012025-03-31http://www.companieshouse.gov.uk/pt:MotorCars2024-03-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2024-04-012025-03-31http://www.companieshouse.gov.uk/pt:MotorCars2025-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2024-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2025-03-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2024-04-012025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2025-03-31http://www.companieshouse.gov.uk/pt:NetGoodwill2024-04-012025-03-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2024-03-31http://www.companieshouse.gov.uk/2024-04-012025-03-31http://www.companieshouse.gov.uk/2024-03-31http://www.companieshouse.gov.uk/cd:FRS1022024-04-012025-03-31http://www.companieshouse.gov.uk/2025-03-31http://www.companieshouse.gov.uk/cd:FullAccounts2024-04-012025-03-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2024-04-012025-03-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 06536345
Wyeverne Electrical Wholesale Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
Prepared By:
Staffer Mayled & Co Ltd
46-48
Station Road
Cardiff
CF14 5LU
Wyeverne Electrical Wholesale Ltd
ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
DIRECTORS
Mr K R Harris
Miss A P Harris
SECRETARY
Mrs S Harris
REGISTERED OFFICE
46-48 Station Road
Llanishen
Cardiff
CF14 5LU
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 06536345
ACCOUNTANTS
Staffer Mayled & Co Ltd
46-48
Station Road
Cardiff
CF14 5LU
Wyeverne Electrical Wholesale Ltd
ACCOUNTS
FOR THEYEARENDED31/03/2025
CONTENTS
Page
Directors' Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-
Wyeverne Electrical Wholesale Ltd
BALANCE SHEET AT 31/03/2025
20252024
Notes££
FIXED ASSETS
Intangible assets27,60015,200
Tangible assets314,01017,222
21,61032,422
CURRENT ASSETS
Stock121,892142,714
Debtors57,7288,847
Cash at bank and in hand-79,136
129,620230,697
CREDITORS: Amounts falling due within one year6167,734276,339
NET CURRENT LIABILITIES(38,114)(45,642)
TOTAL ASSETS LESS CURRENT LIABILITIES(16,504)(13,220)
CAPITAL AND RESERVES
Called up share capital81,0001,000
Profit and loss account(17,504)(14,220)
SHAREHOLDERS' FUNDS(16,504)(13,220)
For the year ending 31/03/2025 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 10/12/2025 and signed on their behalf by
.............................
Mr K R Harris
Director
Wyeverne Electrical Wholesale Ltd
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/03/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machineryreducing balance 25%
Motor Carsreducing balance 25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
1d. Pension Costs
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year.
1e. Goodwill
Goodwill arising in connection with the acquisition of businesses is capitalised and amortised over its estimated economic life to a maximum of 18 years. Goodwill is reviewed annually for impairment if events or changes in circumstances indicate that the carrying value may not be recoverable.
1f. Government Grants
Government grants are recognised in profit and loss in the year in which they are received. The accrual model has been adopted.
Wyeverne Electrical Wholesale Ltd
2. INTANGIBLE FIXED ASSETS
Purchased
GoodwillTotal
££
Cost
At 01/04/2024380,000380,000
At 31/03/2025380,000380,000
Depreciation
At 01/04/2024364,800364,800
For the year7,6007,600
At 31/03/2025372,400372,400
Net Book Amounts
At 31/03/20257,6007,600
At 31/03/202415,20015,200
3. TANGIBLE FIXED ASSETS
Plant and
MachineryMotor CarsTotal
£££
Cost
At 01/04/2024125,90923,805149,714
Additions1,469-1,469
At 31/03/2025127,37823,805151,183
Depreciation
At 01/04/2024109,12323,369132,492
For the year4,5721094,681
At 31/03/2025113,69523,478137,173
Net Book Amounts
At 31/03/202513,68332714,010
At 31/03/202416,78643617,222
4. STOCK 20252024
££
Stock comprises:
Stock121,892142,714
121,892142,714
Wyeverne Electrical Wholesale Ltd
5. DEBTORS 20252024
££
Amounts falling due within one year
Trade debtors3,6697,883
VAT3,095-
Amounts due from group companies964964
7,7288,847
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20252024
££
UK corporation tax1,76612,393
VAT-1,640
Directors current account51,638203,952
Bank loans and overdrafts24,718-
Credit card17,1801,140
Trade creditors25,33610,695
Amounts due to group companies47,09646,519
167,734276,339
Going concern The major part of the company's working capital requirements are provided by a loan from the director. The director has confirmed continued support and considers the company retains sufficient working capital to continue trading for the foreseeable future.Group company - Croft Street Warehouse Limited. Company number 05826874.Group company - Electrical Distribution Direct Limited. Company number 09018008.
7. EMPLOYEES
20252024
No.No.
Average number of employees11
8. SHARE CAPITAL 20252024
££
Allotted, issued and fully paid:
1000 Ordinary shares of £1 each10001000
1,0001,000
Wyeverne Electrical Wholesale Ltd
9. CONTROLLING PARTY
The controlling party are the director and shareholders of the company