Company registration number 05560357 (England and Wales)
Contact Electrical Wholesale Ltd
Unaudited financial statements
For the year ended 31 October 2025
Contact Electrical Wholesale Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
Contact Electrical Wholesale Ltd
Statement of financial position
As at 31 October 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
153,184
219,431
Current assets
Stocks
549,671
529,390
Debtors
4
1,502,631
1,569,588
Cash at bank and in hand
450,956
265,811
2,503,258
2,364,789
Creditors: amounts falling due within one year
5
(1,876,714)
(1,884,454)
Net current assets
626,544
480,335
Total assets less current liabilities
779,728
699,766
Creditors: amounts falling due after more than one year
6
(87,666)
(141,145)
Provisions for liabilities
(40,000)
(55,000)
Net assets
652,062
503,621
Capital and reserves
Called up share capital
111
111
Share premium account
6,989
6,989
Profit and loss reserves
644,962
496,521
Total equity
652,062
503,621
Contact Electrical Wholesale Ltd
Statement of financial position (continued)
As at 31 October 2025
- 2 -

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 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.

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 27 February 2026
Mr M J Dodwell
Director
Company registration number 05560357 (England and Wales)
Contact Electrical Wholesale Ltd
Notes to the financial statements
For the year ended 31 October 2025
- 3 -
1
Accounting policies
Company information

Contact Electrical Wholesale Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Church Court, Stourbridge Road, Halesowen, West Midlands, England, B63 3TT.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% on reducing balance
Fixtures and fittings
20% on reducing balance
Motor vehicles
25% on reducing balance
1.4
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Contact Electrical Wholesale Ltd
Notes to the financial statements (continued)
For the year ended 31 October 2025
1
Accounting policies
(Continued)
- 4 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.5
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.6
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
15
14
Contact Electrical Wholesale Ltd
Notes to the financial statements (continued)
For the year ended 31 October 2025
- 5 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 November 2024
49,317
136,442
303,228
488,987
Disposals
-
0
-
0
(37,843)
(37,843)
At 31 October 2025
49,317
136,442
265,385
451,144
Depreciation and impairment
At 1 November 2024
42,934
121,408
105,214
269,556
Depreciation charged in the year
1,279
3,009
47,768
52,056
Eliminated in respect of disposals
-
0
-
0
(23,652)
(23,652)
At 31 October 2025
44,213
124,417
129,330
297,960
Carrying amount
At 31 October 2025
5,104
12,025
136,055
153,184
At 31 October 2024
6,383
15,034
198,014
219,431
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,477,047
1,415,903
Other debtors
25,584
153,685
1,502,631
1,569,588
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
-
0
45,455
Trade creditors
1,066,334
909,052
Corporation tax
187,312
109,600
Other taxation and social security
82,900
56,630
Other creditors
540,168
763,717
1,876,714
1,884,454

Included in Other Creditors is £409,016 (2024 £648,911) due to Invoice Discounters which is secured on certain trade debts of the company.

Contact Electrical Wholesale Ltd
Notes to the financial statements (continued)
For the year ended 31 October 2025
- 6 -
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
-
0
21,515
Other creditors
87,666
119,630
87,666
141,145
7
Secured debts

The following secured debts are included within creditors:

Bank loans £Nil (2024: £66,970)

Hire purchase contracts £102,881 (2024: £142,023)

8
Other financial commitments

The total amount of commitments, guarantees and contingencies at the year end was £481,213 (2024:£496,646)

9
Related party disclosures

At the year end there was an amount due to the directors of £42,500 (2024 £43,800).

The amounts due (from)/ to the company's Parent company at 31 October 2025 was (£172)(2024: £137,373).

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