Nationwide Electrical & Security Wholesa - Accounts to registrar (filleted)

REGISTERED NUMBER: 11577842 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Nationwide Electrical & Security

Wholesalers Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr S S Bhambra

Mr D S Bhambra

Mr A S Titreaa

REGISTERED OFFICE:

247 Bilston Road

Wolverhampton

United Kingdom

WV2 2JW

REGISTERED NUMBER:

11577842 (England and Wales)

FIXED ASSETS

Intangible assets

4

68,884

67,667

Tangible assets

5

11,957

10,298

80,841

77,965

CURRENT ASSETS

Stocks

485,846

518,347

Debtors

6

260,127

292,066

Cash at bank and in hand

182,074

177,364

928,047

987,777

CREDITORS

Amounts falling due within one year

7

271,398

351,719

NET CURRENT ASSETS

656,649

636,058

TOTAL ASSETS LESS CURRENT
LIABILITIES

737,490

714,023

CREDITORS

Amounts falling due after more than one
year

8

(42,540

)

(71,837

)

PROVISIONS FOR LIABILITIES

(597

)

-

NET ASSETS

694,353

642,186

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

694,253

642,086

SHAREHOLDERS' FUNDS

694,353

642,186

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 directors acknowledge their 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 Board of Directors and authorised for issue on 29 December 2025 and were signed on its behalf by:

Mr A S Titreaa - Director

Mr D S Bhambra - Director

Mr S S Bhambra - Director

1.	STATUTORY INFORMATION

Nationwide Electrical & Security Wholesalers Limited 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.

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.

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 2018, is being amortised evenly over its estimated useful life of fifteen 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.

Vehicle registration rights are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

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

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.

Hire purchase and leasing commitments

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

COST

At 1 April 2024

105,000

-

105,000

Additions

-

8,500

At 31 March 2025

105,000

8,500

113,500

AMORTISATION

At 1 April 2024

37,333

-

37,333

Charge for year

7,000

283

7,283

At 31 March 2025

44,333

283

44,616

NET BOOK VALUE

At 31 March 2025

60,667

8,217

68,884

At 31 March 2024

67,667

-

67,667

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

31,988

Additions

4,292

At 31 March 2025

36,280

DEPRECIATION

At 1 April 2024

21,690

Charge for year

2,633

At 31 March 2025

24,323

NET BOOK VALUE

At 31 March 2025

11,957

At 31 March 2024

10,298

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade debtors

238,635

257,137

Other debtors

21,492

34,929

260,127

292,066

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Bank loans and overdrafts

10,648

Trade creditors

170,061

219,538

Taxation and social security

71,985

81,283

Other creditors

18,704

40,250

271,398

351,719

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.3.25

31.3.24

£

Bank loans

3,310

15,107

Other creditors

39,230

56,730

42,540

71,837

Amounts falling due in more than five years:

Repayable by instalments

Bounce back loan

3,310

15,107

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

Mr A S Titreaa

Balance outstanding at start of year

(51,137

)

(70,467

)

Amounts advanced

18,915

19,330

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(32,222

)

(51,137

)

Mr D S Bhambra

Balance outstanding at start of year

(17,563

)

(17,374

)

Amounts advanced

8,250

-

Amounts repaid

-

(189

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(9,313

)

(17,563

)

Mr S S Bhambra

Balance outstanding at start of year

(17,941

)

(17,752

)

Amounts advanced

8,250

-

Amounts repaid

-

(189

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(9,691

)

(17,941

)

10.	ULTIMATE CONTROLLING PARTY

The board of directors are the controlling party.