REGISTERED NUMBER: 06941247 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

G2 Electrical Wholesale Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P H Bradbury

REGISTERED OFFICE:

Keys Business Village

Keys Park Road

Hednesford

Cannock

Staffordshire

WS12 2HA

REGISTERED NUMBER:

06941247 (England and Wales)

ACCOUNTANTS:

Clover Chartered Certified Accountants

6 Trinity Place

Midland Drive

Sutton Coldfield

West Midlands

B72 1TX

FIXED ASSETS

Intangible assets

4

60,000

70,000

Tangible assets

5

53,945

69,480

Investments

6

130

167

114,075

139,647

CURRENT ASSETS

Stocks

159,610

143,115

Debtors

7

1,222,595

964,381

Cash at bank and in hand

406,607

478,331

1,788,812

1,585,827

CREDITORS

Amounts falling due within one year

8

(427,324

)

(317,162

)

NET CURRENT ASSETS

1,361,488

1,268,665

TOTAL ASSETS LESS CURRENT LIABILITIES

1,475,563

1,408,312

CREDITORS

Amounts falling due after more than one year

9

-

(1,844

)

NET ASSETS

1,475,563

1,406,468

CAPITAL AND RESERVES

Called up share capital

101

101

Retained earnings

1,475,462

1,406,367

SHAREHOLDERS' FUNDS

1,475,563

1,406,468

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 10 June 2026 and were signed by:

P H Bradbury - Director

1.	STATUTORY INFORMATION

G2 Electrical Wholesale 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

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

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.

Patents and licences are being amortised evenly over their 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.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 7 (2025 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2025

and 31 March 2026

100,000

AMORTISATION

At 1 April 2025

30,000

Charge for year

10,000

At 31 March 2026

40,000

NET BOOK VALUE

At 31 March 2026

60,000

At 31 March 2025

70,000

5.	TANGIBLE FIXED ASSETS

Fixtures

Short

and

Motor

leasehold

fittings

vehicles

Totals

£

£

£

£

COST

At 1 April 2025

87,319

43,306

141,475

272,100

Additions

-

1,233

1,833

3,066

At 31 March 2026

87,319

44,539

143,308

275,166

DEPRECIATION

At 1 April 2025

87,319

35,192

80,109

202,620

Charge for year

-

1,802

16,799

18,601

At 31 March 2026

87,319

36,994

96,908

221,221

NET BOOK VALUE

At 31 March 2026

-

7,545

46,400

53,945

At 31 March 2025

-

8,114

61,366

69,480

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 April 2025

167

Disposals

(37

)

At 31 March 2026

130

NET BOOK VALUE

At 31 March 2026

130

At 31 March 2025

167

7.

DEBTORS

31.3.26

31.3.25

£

£

Amounts falling due within one year:

Trade debtors

261,061

190,008

Amounts owed by group undertakings

85,000

-

Other debtors

876,534

766,561

1,222,595

956,569

Amounts falling due after more than one year:

Other debtors

-

7,812

Aggregate amounts

1,222,595

964,381

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

2,033

8,238

Trade creditors

252,665

176,824

Taxation and social security

107,709

71,134

Other creditors

64,917

60,966

427,324

317,162

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans

-

1,844

10.	ULTIMATE CONTROLLING PARTY

The controlling party is P H Bradbury.