Caseware UK (AP4) 2024.0.164 2024.0.164 2025-06-30 2025-06-30 true true 2024-07-01 false false Wholesale of electronic and telecommunications equipment and parts 53 53 true false 02734834 2024-07-01 2025-06-30 02734834 2023-07-01 2024-06-30 02734834 2025-06-30 02734834 2024-06-30 02734834 2023-07-01 02734834 6 2024-07-01 2025-06-30 02734834 6 2023-07-01 2024-06-30 02734834 d:CompanySecretary1 2024-07-01 2025-06-30 02734834 d:Director1 2024-07-01 2025-06-30 02734834 d:Director2 2024-07-01 2025-06-30 02734834 d:Director3 2024-07-01 2025-06-30 02734834 d:Director4 2024-07-01 2025-06-30 02734834 d:Director4 2025-06-30 02734834 d:Director5 2024-07-01 2025-06-30 02734834 d:RegisteredOffice 2024-07-01 2025-06-30 02734834 d:Agent1 2024-07-01 2025-06-30 02734834 e:PlantMachinery 2024-07-01 2025-06-30 02734834 e:PlantMachinery 2025-06-30 02734834 e:PlantMachinery 2024-06-30 02734834 e:PlantMachinery e:OwnedOrFreeholdAssets 2024-07-01 2025-06-30 02734834 e:MotorVehicles 2024-07-01 2025-06-30 02734834 e:MotorVehicles 2025-06-30 02734834 e:MotorVehicles 2024-06-30 02734834 e:MotorVehicles e:OwnedOrFreeholdAssets 2024-07-01 2025-06-30 02734834 e:FurnitureFittings 2024-07-01 2025-06-30 02734834 e:FurnitureFittings 2025-06-30 02734834 e:FurnitureFittings 2024-06-30 02734834 e:FurnitureFittings e:OwnedOrFreeholdAssets 2024-07-01 2025-06-30 02734834 e:OtherPropertyPlantEquipment 2024-07-01 2025-06-30 02734834 e:OtherPropertyPlantEquipment 2025-06-30 02734834 e:OtherPropertyPlantEquipment 2024-06-30 02734834 e:OtherPropertyPlantEquipment e:OwnedOrFreeholdAssets 2024-07-01 2025-06-30 02734834 e:OwnedOrFreeholdAssets 2024-07-01 2025-06-30 02734834 e:CurrentFinancialInstruments 2025-06-30 02734834 e:CurrentFinancialInstruments 2024-06-30 02734834 e:CurrentFinancialInstruments e:WithinOneYear 2025-06-30 02734834 e:CurrentFinancialInstruments e:WithinOneYear 2024-06-30 02734834 f:UnitedKingdom 2024-07-01 2025-06-30 02734834 f:UnitedKingdom 2023-07-01 2024-06-30 02734834 f:RestWorldOutsideUK 2024-07-01 2025-06-30 02734834 f:RestWorldOutsideUK 2023-07-01 2024-06-30 02734834 e:UKTax 2024-07-01 2025-06-30 02734834 e:UKTax 2023-07-01 2024-06-30 02734834 e:ShareCapital 2025-06-30 02734834 e:ShareCapital 2024-06-30 02734834 e:ShareCapital 2023-07-01 02734834 e:SharePremium 2025-06-30 02734834 e:SharePremium 2024-06-30 02734834 e:SharePremium 2023-07-01 02734834 e:OtherMiscellaneousReserve 2025-06-30 02734834 e:OtherMiscellaneousReserve 2024-06-30 02734834 e:OtherMiscellaneousReserve 2023-07-01 02734834 e:RetainedEarningsAccumulatedLosses 2024-07-01 2025-06-30 02734834 e:RetainedEarningsAccumulatedLosses 2025-06-30 02734834 e:RetainedEarningsAccumulatedLosses 2023-07-01 2024-06-30 02734834 e:RetainedEarningsAccumulatedLosses 2024-06-30 02734834 e:RetainedEarningsAccumulatedLosses 2023-07-01 02734834 e:AcceleratedTaxDepreciationDeferredTax 2025-06-30 02734834 e:AcceleratedTaxDepreciationDeferredTax 2024-06-30 02734834 d:OrdinaryShareClass1 2024-07-01 2025-06-30 02734834 d:OrdinaryShareClass1 2025-06-30 02734834 d:OrdinaryShareClass1 2024-06-30 02734834 d:FRS102 2024-07-01 2025-06-30 02734834 d:Audited 2024-07-01 2025-06-30 02734834 d:FullAccounts 2024-07-01 2025-06-30 02734834 d:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 02734834 e:WithinOneYear 2025-06-30 02734834 e:WithinOneYear 2024-06-30 02734834 e:BetweenOneFiveYears 2025-06-30 02734834 e:BetweenOneFiveYears 2024-06-30 02734834 e:MoreThanFiveYears 2025-06-30 02734834 e:MoreThanFiveYears 2024-06-30 02734834 2 2024-07-01 2025-06-30 02734834 6 2024-07-01 2025-06-30 02734834 2 2025-06-30 02734834 2 2024-06-30 02734834 g:PoundSterling 2024-07-01 2025-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 02734834 MOSS ELECTRICAL CO. LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
MOSS ELECTRICAL CO. LIMITED COMPANY INFORMATION
Directors | Denise Field
| Lindsay Goubel
| Stefan Kemp
| Jamie Ross
Company secretary | Andrew Porter (Resigned 11 December 2025)
Registered number | 02734834
Registered office | Maxmor House
| Sandpit Road
| Dartford
| Kent
| DA1 5BU
Independent auditors | Barnes Roffe Audit Limited
| Chartered Accountants & Statutory Auditor
| 1st Floor
| 73-81 Southwark Bridge Road
| London
| SE1 0NQ
Bankers | Lloyds Bank PLC
| 25 Gresham Street
| London
| EC2V 7HN
Solicitors | Thomson Snell and Passmore LLP
| Corinthian House
| Galleon Boulevard
| Crossways Business Park
| Dartford
| Kent
| DA2 6QE
MOSS ELECTRICAL CO. LIMITED CONTENTS
| Page
Strategic report | 1 - 4
Directors' report | 5 - 6
Independent auditors' report | 7 - 10
Statement of comprehensive income | 11
Balance sheet | 12
Statement of changes in equity | 13
Notes to the financial statements | 14 - 26
MOSS ELECTRICAL CO. LIMITED STRATEGIC REPORT FOR THE YEAR ENDED 30 JUNE 2025
Introduction
The directors present their strategic report accompanying the financial statements for the year ended 30 June 2025.
Business review
We have seen yet another year of uncertainty in a market with ever increasing news of company liquidations. This was the year we saw the demise of ISG ltd, and the fall-out from that continues to ripple through the market. Changes in America, and the re-election of Donald Trump, and his trade tariffs have caused the trading world to go into shock, and changes closer to home to NI and NMW, enforced significant increases in operating costs. All in all, a year to remember! Focus has been, and will remain on cash collection, credit control, and profitability. Credit insurance and the guidance it provides, have proved invaluable yet again and really remains a key focus for us all. Gross profit has decreased from £5,445k to £4,875k (10.5%) and our balance sheet continues to be strong, currently at £10,965k (2024: £10,472k). My thanks to all Directors and Staff for their loyalty and work ethic. Page 1
MOSS ELECTRICAL CO. LIMITED STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
Principal risks and uncertainties
The company's operations expose it to a variety of financial risks that include the effect of changes in raw material prices, credit risk, liquidity risk and interest rate risk. The company has in place a risk management programme that seeks to limit the adverse effects on the financial performance of the company by monitoring levels of debt finance, and the related finance costs. The company does not use derivative financial institutions to manage interest rate costs and, as such, no hedge accounting is applied. The directors set company policies, which are implemented by management and the finance department. Given the size of the company, we do not feel it necessary to delegate the responsibility of monitoring financial risk management to a sub-committee of the main board Price Risk The company is exposed to commodity price risk because of its operations. Given the size of the company's operations, the cost of managing exposure to price risk exceeds any potential benefits. The Board will revisit this policy if the company's operations change in size or nature. Credit Risk The company has implemented policies that require appropriate credit checks on potential customers before sales are conducted. These are constantly monitored to ensure that we meet the terms and conditions of our insurance underwriters. Credit limits are set and adhered to, unless over ridden by the Board of Directors. Liquidity Risk The company maintains both long term and short term finance that is designed to ensure that the company has sufficient available funds for operations and planned expansion or investment. Cash, debtors, and creditors are monitored and reported daily to the Board of Directors, on which they base their financial decisions. The company has implemented policies to ensure that it manages liquidity to maintain sufficient financial resources to meet obligations, as they fall due. Interest Rate Cash Flow Risk The company has both interest bearing investments and liabilities. Interest bearing assets include investments and cash balances which earn interest at varying rates. The company has a policy of maintaining debt at a fixed rate, to ensure certainty of future cash flows. The policy will be reviewed by the Board if the company's operations change in size or nature. Page 2
MOSS ELECTRICAL CO. LIMITED STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025 Employee Health and Safety The health and safety of our employees, customers, and others, who could be affected by our activities is of paramount importance. The company implements policies that are designed to continually assess, monitor, and improve working conditions, to reduce the risk of injury in all areas of the business. Our approach is to act through practical support and training, by raising awareness to help prevent work related health issues. This is carried out by a team of senior members of staff through health, safety and fire risk assessments, which are conducted on a regular basis and reviewed by the Board. Environmental Protection The company does not produce toxic or dangerous waste, but it is aware of its responsibilities to the environment and the community in which it is located. Company policy dictates that we employ the services of professional waste disposal contractors to dispose of our general and packing waste, in a manner that adheres to the relevant legislation, thereby ensuring that most of this waste is recycled.
Financial key performance indicators
The key performance indicators used by the company's management to assess the performance of the company are as follows: Gross profit percentage This is a key measure of the company's performance: As at 30 June 2025 21.1% As at 30 June 2024 22.3% As at 30 June 2023 23.3% As at 30 June 2022 22.7% As at 25 June 2021 22.3% As at 26 June 2020 22.8% As at 26 June 2020 23.0% As at 30 June 2019 22.6% As at 30 June 2018 21.7% As at 30 June 2017 17.1% As at 30 June 2016 14.8% As at 28 June 2015 13.5% We are pleased with the relative consistency of gross profit margin considering the competitive nature of the trade. Page 3
MOSS ELECTRICAL CO. LIMITED STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
Other key performance indicators
A comprehensive measure of the company's non-financial performance is the maintenance of its ISO9001 and ISO14001 accreditations as well as its FORS certificate for its transportation system. The company continues to meet society's demands for systems of internal control, infrastructure, and commitment to the environment in which it operates to ensure relevant standards are not only achieved but also exceeded. The Board of Directors for the company recognises its responsibilities to society and to the environment in general. The Board continues to implement and monitor systems that reduce its carbon footprint and promotes a safe working environment for all its employees, and anyone else affected by the company's day to day operations. This report was approved by the board and signed on its behalf.
Lindsay Goubel Director
Date: 20 February 2026
Page 4
MOSS ELECTRICAL CO. LIMITED DIRECTORS' REPORT FOR THE YEAR ENDED 30 JUNE 2025 The directors present their report and the financial statements for the year ended 30 June 2025.
Directors' responsibilities statement
The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: ∙select suitable accounting policies for the company's financial statements and then apply them consistently; ∙make judgments and accounting estimates that are reasonable and prudent; ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Results and dividends
The profit for the year, after taxation, amounted to £691,985 (2024 - £1,295,672). The company paid dividends during the year of £200,000 (2024: £262,500).
Directors
The directors who served during the year were:
Denise Field
Lindsay Goubel
Stefan Kemp
Andrew Porter (resigned 11 December 2025)
Disclosure of information to auditors
Each of the persons who are directors at the time when this Directors' report is approved has confirmed that: ∙so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware, and ∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company's auditors are aware of that information. Page 5
MOSS ELECTRICAL CO. LIMITED DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 30 JUNE 2025
Auditors
The auditors, Barnes Roffe Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006. This report was approved by the board and signed on its behalf.
Lindsay Goubel Director
Date: 20 February 2026
Page 6
MOSS ELECTRICAL CO. LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MOSS ELECTRICAL CO. LIMITED
Opinion
We have audited the financial statements of Moss Electrical Co. Limited (the 'company') for the year ended 30 June 2025, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: ∙give a true and fair view of the state of the company's affairs as at 30 June 2025 and of its profit for the year then ended; ∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and ∙have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. Page 7
MOSS ELECTRICAL CO. LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MOSS ELECTRICAL CO. LIMITED (CONTINUED)
Other information
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit: ∙the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and ∙the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: ∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or ∙the financial statements are not in agreement with the accounting records and returns; or ∙certain disclosures of directors' remuneration specified by law are not made; or ∙we have not received all the information and explanations we require for our audit.
Responsibilities of directors
As explained more fully in the Directors' responsibilities statement set out on page 5, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so. Page 8
MOSS ELECTRICAL CO. LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MOSS ELECTRICAL CO. LIMITED (CONTINUED)
Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with law and regulations, was as follows: • The engagement partner ensured that the engagement team collectively had the appropriate competence capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; • We identified the laws and regulations applicable to the company through discussion with directors and other management, and from our commercial knowledge and experience of the software and technology sector in which the company operates; • The specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, are as follows; o Companies Act 2006 o FRS102 o Health and Safety legislation o Employment legislation o Tax legislation • We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management, reviewing board minutes and inspecting relevant legal and other correspondence; and • Laws and regulations were communicated within the audit team at the planning meeting, and during the audit as any further laws and regulation were identified. The audit team remained alert to instances of non compliance throughout the audit. We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur by: • Making enquires of management as to where they consider there was susceptibility to fraud and their knowledge of actual suspected and alleged fraud; • Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; • Reviewing the financial statements and testing the disclosures against supporting documentation; • Performing analytical procedures to identify any unusual or unexpected trends or anomalies;- • Inspecting and testing journal entries to identify unusual or unexpected transactions; • Assessing whether judgement and assumptions made in determining significant accounting estimates, including certain year end accruals, were indicative of management bias; and • Investigating the rationale behind significant transactions, or transactions that are unusual or outside the company’s usual course of business. Page 9
MOSS ELECTRICAL CO. LIMITED INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF MOSS ELECTRICAL CO. LIMITED (CONTINUED) The areas that we identified as being susceptible to misstatement through fraud were: • Management bias in the estimates and judgements made; • Management override of controls; and • Posting of unusual journals or transactions. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.
Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for our audit work, for this report, or for the opinions we have formed. Duncan Stannett (Senior statutory auditor) for and on behalf of Barnes Roffe Audit Limited Chartered Accountants Statutory Auditor 1st Floor 73-81 Southwark Bridge Road London SE1 0NQ 20 February 2026 Page 10
MOSS ELECTRICAL CO. LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 30 JUNE 2025
| 2025 | 2024
Note | £ | £
Turnover | 4 | 23,152,264 | 24,373,594
Cost of sales |  | (18,277,374) | (18,928,494)
Gross profit |  | 4,874,890 | 5,445,100
Administrative expenses |  | (4,004,919) | (3,824,050)
Operating profit | 5 | 869,971 | 1,621,050
Interest receivable and similar income | 9 | 65,156 | 34,193
Interest payable and similar expenses | 10 | (3,335) | (2,620)
Profit before tax |  | 931,792 | 1,652,623
Tax on profit | 11 | (239,807) | (356,951)
Profit for the financial year |  | 691,985 | 1,295,672
There were no recognised gains and losses for 2025 or 2024 other than those included in the statement of comprehensive income.
There was no other comprehensive income for 2025 (2024:£NIL).
The notes on pages 14 to 26 form part of these financial statements.
Page 11
MOSS ELECTRICAL CO. LIMITED REGISTERED NUMBER: 02734834 BALANCE SHEET AS AT 30 JUNE 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 12 |  | 301,267 |  | 314,747
|  |  | 301,267 |  | 314,747
Current assets |  |  |  |  |
Stocks | 14 | 897,897 |  | 1,336,731 |
Debtors: amounts falling due within one year | 15 | 12,500,379 |  | 9,826,633 |
Cash at bank and in hand | 16 | 1,321,133 |  | 3,475,824 |
|  | 14,719,409 |  | 14,639,188 |
Creditors: amounts falling due within one year | 17 | (4,055,951) |  | (4,481,195) |
Net current assets |  |  | 10,663,458 |  | 10,157,993
Total assets less current liabilities |  |  | 10,964,725 |  | 10,472,740
Net assets |  |  | 10,964,725 |  | 10,472,740
Capital and reserves |  |  |  |  |
Called up share capital | 19 |  | 109,349 |  | 109,349
Share premium account |  |  | 148,117 |  | 148,117
Other reserves |  |  | 37,712 |  | 37,712
Profit and loss account |  |  | 10,669,547 |  | 10,177,562
|  |  | 10,964,725 |  | 10,472,740
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
Lindsay Goubel
Director
Date: 20 February 2026
The notes on pages 14 to 26 form part of these financial statements. Page 12
MOSS ELECTRICAL CO. LIMITED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2025
| Called up share capital | Share premium account | Other reserves | Profit and loss account | Total equity
| £ | £ | £ | £ | £
At 1 July 2024 | 109,349 | 148,117 | 37,712 | 10,177,562 | 10,472,740
Profit for the year | - | - | - | 691,985 | 691,985
Dividends paid | - | - | - | (200,000) | (200,000)
At 30 June 2025 | 109,349 | 148,117 | 37,712 | 10,669,547 | 10,964,725
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 30 JUNE 2024
| Called up share capital | Share premium account | Other reserves | Profit and loss account | Total equity
| £ | £ | £ | £ | £
At 1 July 2023 | 109,349 | 148,117 | 37,712 | 9,144,390 | 9,439,568
Profit for the year | - | - | - | 1,295,672 | 1,295,672
Dividends paid | - | - | - | (262,500) | (262,500)
At 30 June 2024 | 109,349 | 148,117 | 37,712 | 10,177,562 | 10,472,740
| The notes on pages 14 to 26 form part of these financial statements.
Page 13
MOSS ELECTRICAL CO. LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. | General information
Moss Electrical Co. Limited is a private company limited by shares and incorporated in England and Wales. The address of the registered office is Maxmor House, Sandpit Road, Dartford, Kent, DA1 5BU. The principal activity of the company during the year has been that of electrical supplies wholesaler and distributor. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies (see note 3). The following principal accounting policies have been applied:
| 2.2 | Financial Reporting Standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland": ∙the requirements of Section 7 Statement of Cash Flows; ∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d); ∙the requirements of Section 33 Related Party Disclosures paragraph 33.7. This information is included in the consolidated financial statements of Moss Electrical Group Limited as at 30 June 2025 and these financial statements may be obtained from Companies House, Crown Way, Cardiff, CF14 3UZ.
| 2.3 | Foreign currency translation
Functional and presentation currency The company's functional and presentational currency is GBP. Transactions and balances Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions. At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined. Page 14
MOSS ELECTRICAL CO. LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.4 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the company has transferred the significant risks and rewards of ownership to the buyer; ∙the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
| 2.5 | Operating leases: the company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.6 | Government grants
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure.
| 2.7 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.8 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.9 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 15
MOSS ELECTRICAL CO. LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.10 | Pensions
Defined contribution pension plan The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the company in independently administered funds.
| 2.11 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
| 2.12 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 16
MOSS ELECTRICAL CO. LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.12 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Plant and machinery | - | 4 years straight line
|  |  |  | Motor vehicles | - | 4 years straight line
|  |  |  | Fixtures and fittings | - | 4 years straight line
|  |  |  | Computer equipment | - | 3 years straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.13 | Valuation of investments
Investments in subsidiaries are measured at cost less accumulated impairment. Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
| 2.14 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the replacement value. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.15 | Debtors
Short-term debtors are measured at transaction price, less any impairment. 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.
| 2.16 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. Page 17
MOSS ELECTRICAL CO. LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.Accounting policies (continued)
| 2.17 | Creditors
Short-term creditors are measured at the transaction price. 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.
| 2.18 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.19 | Financial instruments
The company only enters into basic financial instrument transactions that result 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 ordinary shares.
| 2.20 | Debt factoring
The company factors its trade debts. The accounting policy is to include trade debtors factored with recourse within trade debtors due within one year and the returnable element of proceeds is recorded within other creditors due within one year. Factoring fees and interest are charged to the profit and loss account when paid. Bad debts are borne by the company and are charged to the profit and loss account when incurred.
| 2.21 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Page 18
MOSS ELECTRICAL CO. LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
a) Critical judgements in applying the company's accounting policies No significant judgements have been made by management in the preparation of the financial statements. b) Key accounting estimates and assumptions The company has made key assumptions regarding the useful economic life of tangible fixed assets and this is further described in note 2.12 of the accounting policies. The company holds a significant amount of stock and is subject to changing customer demands and industry trends. As a result it is necessary to consider the recoverability of the cost of stock and the associated provisioning required. When calculating the stock provision, management considers the nature and condition of the stock, as well as applying assumptions around the anticipated saleability of the stock. As per note 14 the value of stock as at 30 June 2025 is £897,897 (2024: £1,336,731) and this includes a stock provision of £600,250 (2024: 520,389).
4. | Turnover
Analysis of turnover by country of destination:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| United Kingdom | 23,015,929 | 24,338,410
| Rest of the world | 136,335 | 35,184
|  | 23,152,264 | 24,373,594
5. | Operating profit
| The operating profit is stated after charging:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Rent - Operating lease | 540,960 | 539,640
Page 19
MOSS ELECTRICAL CO. LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
6. | Auditors' remuneration
| During the year, the company obtained the following services from the company's auditors:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Fees payable to the company's auditors for the audit of the company's financial statements | 16,525 | 16,525
| The company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent company.
7. | Employees
| Staff costs, including directors' remuneration, were as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Wages and salaries | 2,040,860 | 2,107,734
| Social security costs | 216,596 | 221,133
| Pension costs | 96,287 | 111,235
|  | 2,353,743 | 2,440,102
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Directors | 4 | 4
|  | Office management and other | 10 | 11
|  | Sales | 14 | 13
|  | Transport and warehouse | 25 | 25
|  |  | 53 | 53
Page 20
MOSS ELECTRICAL CO. LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
8. | Directors' remuneration
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Directors' emoluments | 466,998 | 511,998
| Company pension contributions | 20,550 | 20,300
|  | 487,548 | 532,298
| During the year retirement benefits were accruing to 4 directors (2024 - 4) in respect of defined contribution pension schemes.
| The highest paid director received remuneration of £157,514 (2024 - £157,343).
| The value of the company's contributions paid to a defined contribution pension scheme in respect of the highest paid director amounted to £6,400 (2024 - £6,400).
9. | Interest receivable
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Other interest receivable | 65,156 | 34,193
10. | Interest payable and similar expenses
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank interest payable | 390 | -
| Other loan interest payable | 370 | 913
| Other interest payable | 2,575 | 1,707
|  | 3,335 | 2,620
Page 21
MOSS ELECTRICAL CO. LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
11. | Taxation
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax |  |
| Current tax on profits for the year | 236,437 | 408,560
| Adjustments in respect of previous periods | - | 1,429
| Deferred tax |  |
| Origination and reversal of timing differences | 3,370 | (53,038)
|  | 239,807 | 356,951
| Factors affecting tax charge for the year
| The tax assessed for the year is the same as (2024 - the same as) the standard rate of corporation tax in the UK of 25% (2024 - 25%) as set out below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Profit on ordinary activities before tax | 931,792 | 1,652,623
| Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%) | 232,948 | 413,156
| Effects of: |  |
| Expenses not deductible for tax purposes, other than goodwill amortisation and impairment | 13,224 | 18,846
| Capital allowances for year in excess of depreciation | 3,371 | (22,013)
| Group relief claimed | (13,106) | -
| Deferred tax | 3,370 | (53,038)
| Total tax charge for the year | 239,807 | 356,951
| Factors that may affect future tax charges
There were no factors that may affect future tax charges. Page 22
MOSS ELECTRICAL CO. LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
12. | Tangible fixed assets
|  | Plant and machinery | Motor vehicles | Fixtures and fittings | Other fixed assets | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 July 2024 | 479,639 | 635,399 | 126,958 | 242,611 | 1,484,607
| Additions | 26,090 | 103,220 | 4,723 | 13,022 | 147,055
| Disposals | (14,665) | (98,565) | - | - | (113,230)
| At 30 June 2025 | 491,064 | 640,054 | 131,681 | 255,633 | 1,518,432
| Depreciation |  |  |  |  |
| At 1 July 2024 | 479,639 | 324,843 | 124,948 | 240,430 | 1,169,860
| Charge for the year | 4,884 | 119,238 | 1,719 | 4,673 | 130,514
| Disposals | (14,665) | (68,544) | - | - | (83,209)
| At 30 June 2025 | 469,858 | 375,537 | 126,667 | 245,103 | 1,217,165
| Net book value |  |  |  |  |
| At 30 June 2025 | 21,206 | 264,517 | 5,014 | 10,530 | 301,267
| At 30 June 2024 | - | 310,556 | 2,010 | 2,181 | 314,747
Page 23
MOSS ELECTRICAL CO. LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
13. | Fixed asset investments
|  | Unlisted investments
|  | £
| Cost or valuation |
| At 1 July 2024 | 1,052,337
| At 30 June 2025 | 1,052,337
| Impairment |
| At 1 July 2024 | 1,052,337
| At 30 June 2025 | 1,052,337
| Net book value |
| At 30 June 2025 | -
| At 30 June 2024 | -
14. | Stocks
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Finished goods and goods for resale | 897,897 | 1,336,731
15. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 5,400,549 | 4,582,088
| Amounts owed by group undertakings | 6,208,709 | 4,186,430
| Other debtors | 627,248 | 735,909
| Prepayments and accrued income | 188,556 | 243,519
| Deferred taxation | 75,317 | 78,687
|  | 12,500,379 | 9,826,633
Page 24
MOSS ELECTRICAL CO. LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
16. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 1,321,133 | 3,475,824
| Less: bank overdrafts | - | (115,184)
|  | 1,321,133 | 3,360,640
17. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank overdrafts | - | 115,184
| Trade creditors | 2,832,812 | 2,999,034
| Corporation tax | 62,447 | 236,205
| Other taxation and social security | 316,378 | 270,351
| Accruals and deferred income | 844,314 | 860,421
|  | 4,055,951 | 4,481,195
18. | Deferred taxation
|  | 2025 | 2024
|  | £ | £
| At beginning of year | 78,687 | 25,649
| Charged to profit or loss | (3,370) | 53,038
| At end of year | 75,317 | 78,687
| The deferred tax asset is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | 75,317 | 78,687
Page 25
MOSS ELECTRICAL CO. LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
19. | Share capital
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 10,934,900 (2024 - 10,934,900) Ordinary shares of £0.01 each | 109,349 | 109,349
20. | Pension commitments
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £96,287 (2024: £111,235). Contributions totalling £16,751 (2024: £17,108) were payable to the fund at the balance sheet date.
21. | Commitments under operating leases
| At 30 June 2025 the company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Not later than 1 year | 385,205 | 240,625
| Later than 1 year and not later than 5 years | 797,079 | -
| Later than 5 years | 50,373 | -
|  | 1,232,657 | 240,625
22. | Controlling party
The immediate parent undertaking is Moss Electrical Holdings Limited, a company registered in England and Wales. Moss Electrical Group Limited is the ultimate holding company for which group financial statements are drawn up. Lindsay Goubel is the majority shareholder of the parent company and hence is the ultimate controlling party.
Page 26