Expert Electrical Supplies Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05147452 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

EXPERT ELECTRICAL SUPPLIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

8

DIRECTORS:

S Hindle

C Horridge

J R Waldron

S Ross

SECRETARY:

C Horridge

REGISTERED OFFICE:

Vantage House

3 East Terrace Business Park

Euxton Lane, Euxton

Chorley

Lancashire

PR7 6TB

REGISTERED NUMBER:

05147452 (England and Wales)

ACCOUNTANTS:

Studholme-Bell Limited

Chartered Certified Accountants

Vantage House

3 East Terrace Business Park

Euxton Lane, Euxton

Chorley

Lancashire

PR7 6TB

FIXED ASSETS

Intangible assets

4

489,722

617,697

Tangible assets

5

383,210

392,651

872,932

1,010,348

CURRENT ASSETS

Stocks

572,821

384,121

Debtors

6

1,980,579

1,835,695

Cash at bank and in hand

71,524

42,057

2,624,924

2,261,873

CREDITORS

Amounts falling due within one year

7

2,152,015

1,790,096

NET CURRENT ASSETS

472,909

471,777

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,345,841

1,482,125

CREDITORS

Amounts falling due after more than one
year

8

(47,056

)

(179,215

)

PROVISIONS FOR LIABILITIES

(89,858

)

(96,222

)

NET ASSETS

1,208,927

1,206,688

CAPITAL AND RESERVES

Called up share capital

135

Retained earnings

1,208,792

1,206,553

SHAREHOLDERS' FUNDS

1,208,927

1,206,688

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 26 May 2026 and were signed on its behalf by:

J R Waldron - Director

1.	STATUTORY INFORMATION

Expert Electrical Supplies 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

The principle accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year and have also been consistently applied within the same accounts.

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.

Income recognition

Income is recognised when goods have been delivered to customers, such that the risks and rewards of ownership have transferred to them. Revenue is recognised net of Value Added Tax and any trade discounts.

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.

Development costs are being amortised evenly over their estimated useful life of ten years.

Computer software is being amortised evenly over its estimated useful life of ten 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

-

20% on reducing balance and 15% on reducing balance

Inventories

Inventories have been valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture / completion.

Deferred taxation

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes.

Tax deferred or accelerated is accounted for in respect of all material timing differences.

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 21 (2024 - 23 ) .

4.	INTANGIBLE FIXED ASSETS

Development

Computer

costs

software

Totals

£

COST

At 1 September 2024

and 31 August 2025

723,619

556,130

1,279,749

AMORTISATION

At 1 September 2024

474,420

187,632

662,052

Amortisation for year

72,362

55,613

127,975

At 31 August 2025

546,782

243,245

790,027

NET BOOK VALUE

At 31 August 2025

176,837

312,885

489,722

At 31 August 2024

249,199

368,498

617,697

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

COST

At 1 September 2024

261,424

35,597

68,913

Additions

-

Disposals

-

At 31 August 2025

261,424

35,597

68,913

DEPRECIATION

At 1 September 2024

-

28,655

64,025

Charge for year

-

1,735

978

Eliminated on disposal

-

At 31 August 2025

-

30,390

65,003

NET BOOK VALUE

At 31 August 2025

261,424

5,207

3,910

At 31 August 2024

261,424

6,942

4,888

Motor

Computer

vehicles

equipment

Totals

£

COST

At 1 September 2024

141,542

95,115

602,591

Additions

-

19,870

Disposals

(18,000

)

-

(18,000

)

At 31 August 2025

123,542

114,985

604,461

DEPRECIATION

At 1 September 2024

58,037

59,223

209,940

Charge for year

19,809

2,518

25,040

Eliminated on disposal

(13,729

)

-

(13,729

)

At 31 August 2025

64,117

61,741

221,251

NET BOOK VALUE

At 31 August 2025

59,425

53,244

383,210

At 31 August 2024

83,505

35,892

392,651

Included within the net book value of £59,425 for motor vehicles is £59,030 (2024: £78,706) relating to assets held under hire purchase agreements. The depreciation charged to the financial statements in the year in respect of such assets amounted to £19,677 (2024: £26,236).

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Trade debtors

688,419

724,066

Amounts owed by associates

1,241,547

1,021,662

Other debtors

50,613

89,967

1,980,579

1,835,695

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Bank loans and overdrafts

190,348

411,152

Hire purchase contracts

14,113

15,177

Trade creditors

1,047,272

1,062,853

Taxation and social security

142,005

165,813

Other creditors

758,277

135,101

2,152,015

1,790,096

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.8.25

31.8.24

£

Bank loans

-

32,323

Hire purchase contracts

47,056

60,436

Other creditors

-

86,456

47,056

179,215

Amounts falling due in more than five years:

Repayable by instalments

Hire purchase

11,876

19,938

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

Hire purchase contracts

61,169

75,613

Other creditors

662,588

-

723,757

75,613

Hire purchases liability's are secured on the assets to which they relate.

Other creditors are secured by a fixed and floating charge over the assets of the business.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is J R Waldron.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Expert Electrical Supplies Limited for the year ended 31 August 2025 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Expert Electrical Supplies Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Expert Electrical Supplies Limited and state those matters that we have agreed to state to the Board of Directors of Expert Electrical Supplies Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Expert Electrical Supplies Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Expert Electrical Supplies Limited. You consider that Expert Electrical Supplies Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Expert Electrical Supplies Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Studholme-Bell Limited

Chartered Certified Accountants

Vantage House

3 East Terrace Business Park

Euxton Lane, Euxton

Chorley

Lancashire

PR7 6TB

26 May 2026