Horton Electrical Wholesale Limited 30/04/2025 iXBRL

Company registration number: 00480747

Horton Electrical Wholesale Limited

Unaudited filleted financial statements

30 April 2025

Horton Electrical Wholesale Limited

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Horton Electrical Wholesale Limited

Directors and other information


	Directors	Mr J C Page
		Mr C J Gleeson
		Mr D Roberts


	Secretary	J C Page


	Company number	00480747


	Registered office	Unit 16, IO Centre
		Minden Road
		Sutton
		Surrey
		SM3 9BL


	Business address	Unit 16, IO Centre
		Minden Road
		Sutton
		Surrey
		SM3 9BL


	Accountants	Pritchard Fellows & Co Ltd
		Avery House
		8 Avery Hill Road
		London
		SE9 2BD

Horton Electrical Wholesale Limited

Statement of financial position

30 April 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	41,561		51,169
		_______		_______
			41,561		51,169

Current assets
Stocks		79,398		75,535
Debtors	6	179,919		265,824
Cash at bank and in hand		40,111		18,797
		_______		_______
		299,428		360,156
Creditors: amounts falling due
within one year	7	( 275,603)		( 343,521)
		_______		_______
Net current assets			23,825		16,635
			_______		_______
Total assets less current liabilities			65,386		67,804

Creditors: amounts falling due
after more than one year	8		( 5,801)		( 11,613)
			_______		_______
Net assets			59,585		56,191
			_______		_______

Capital and reserves
Called up share capital			1,003		1,003
Profit and loss account			58,582		55,188
			_______		_______
Shareholders funds			59,585		56,191
			_______		_______

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 16 January 2026 , and are signed on behalf of the board by:

Mr D Roberts

Director

Company registration number: 00480747

Horton Electrical Wholesale Limited

Statement of changes in equity

Year ended 30 April 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 May 2023	1,003	50,587	51,590

Profit for the year		40,101	40,101
	_______	_______	_______
Total comprehensive income for the year	-	40,101	40,101

Dividends paid and payable		( 35,500)	( 35,500)
	_______	_______	_______
Total investments by and distributions to owners	-	( 35,500)	( 35,500)

	_______	_______	_______
At 30 April 2024 and 1 May 2024	1,003	55,188	56,191

Profit for the year		55,585	55,585
	_______	_______	_______
Total comprehensive income for the year	-	55,585	55,585

Dividends paid and payable		( 52,191)	( 52,191)
	_______	_______	_______
Total investments by and distributions to owners	-	( 52,191)	( 52,191)

	_______	_______	_______
At 30 April 2025	1,003	58,582	59,585
	_______	_______	_______

Horton Electrical Wholesale Limited

Notes to the financial statements

Year ended 30 April 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Horton Electrical Wholesale Ltd, Unit 16, IO Centre, Minden Road, Sutton, Surrey, SM3 9BL.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Fittings fixtures and equipment	-	15 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 8 (2024: 7 ).

5. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 May 2024	132,035	91,433	223,468
Additions	1,904	-	1,904
	_______	_______	_______
At 30 April 2025	133,939	91,433	225,372
	_______	_______	_______
Depreciation
At 1 May 2024	117,928	54,372	172,300
Charge for the year	2,246	9,265	11,511
	_______	_______	_______
At 30 April 2025	120,174	63,637	183,811
	_______	_______	_______
Carrying amount
At 30 April 2025	13,765	27,796	41,561
	_______	_______	_______
At 30 April 2024	14,107	37,061	51,168
	_______	_______	_______

6. Debtors

	2025	2024
	£	£
Trade debtors	175,184	261,089
Amounts owed by group undertakings and undertakings in which the company has a participating interest	4,735	4,735
	_______	_______
	179,919	265,824
	_______	_______

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	158,418	239,335
Corporation tax	21,974	11,821
Social security and other taxes	20,822	18,169
Other creditors	74,389	74,196
	_______	_______
	275,603	343,521
	_______	_______

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	5,801	11,613
	_______	_______

9. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr J C Page	( 58,593)	-	( 58,593)
	Mr C J Gleeson	( 1,978)	137	( 1,841)
		_______	_______	_______
		( 60,571)	137	( 60,434)
		_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Balance o/standing
		£	£	£
	Mr J C Page	( 46,340)	( 12,253)	( 58,593)
	Mr C J Gleeson	( 325)	( 1,653)	( 1,978)
		_______	_______	_______
		( 46,665)	( 13,906)	( 60,571)
		_______	_______	_______

10. Controlling party

The directors controlled the company throughout the period.