Northamptonshire Electrical Wholesalers Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07154344

Northamptonshire Electrical Wholesalers Ltd

Filleted Unaudited Financial Statements

31 March 2025

Northamptonshire Electrical Wholesalers Ltd

Financial Statements

Year ended 31 March 2025

Contents	Page

Officers and professional advisers	1

Accountants report to the director on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Northamptonshire Electrical Wholesalers Ltd

Officers and Professional Advisers

Director	Mr R Mackay

Registered office	1 Bushey Balk Close
	Great Oakley
	Corby
	Northants
	NN18 8JE

Accountants	A Plus Accountants Limited
	Accountants
	10 Canberra House
	Corbygate Business Park
	Corby
	Northants
	NN17 5JG

Northamptonshire Electrical Wholesalers Ltd

Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Northamptonshire Electrical Wholesalers Ltd

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Northamptonshire Electrical Wholesalers Ltd for the year ended 31 March 2025, which comprise the statement of financial position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Northamptonshire Electrical Wholesalers Ltd in accordance with the terms of our engagement letter dated 16 March 2011. Our work has been undertaken solely to prepare for your approval the financial statements of Northamptonshire Electrical Wholesalers Ltd and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Northamptonshire Electrical Wholesalers Ltd and its director for our work or for this report.

It is your duty to ensure that Northamptonshire Electrical Wholesalers Ltd 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 Northamptonshire Electrical Wholesalers Ltd. You consider that Northamptonshire Electrical Wholesalers Ltd 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 Northamptonshire Electrical Wholesalers Ltd. 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.

A Plus Accountants Limited Accountants

10 Canberra House Corbygate Business Park Corby Northants NN17 5JG

23 June 2026

Northamptonshire Electrical Wholesalers Ltd

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		3,062	3,827

Current assets

Stocks		88,000	103,784
Debtors	6	242,289	294,709
Cash at bank and in hand		1,681	3,324
		---------	---------
		331,970	401,817

Creditors: amounts falling due within one year	7	355,525		414,427
		---------		---------
Net current liabilities			23,555	12,610
			--------	--------
Total assets less current liabilities			( 20,493)	( 8,783)

Creditors: amounts falling due after more than one year	8	15,833	25,833
		--------	--------
Net liabilities		( 36,326)	( 34,616)
		--------	--------

Capital and reserves

Called up share capital	1	1
Profit and loss account	( 36,327)	( 34,617)
	--------	--------
Shareholder deficit	( 36,326)	( 34,616)
	--------	--------

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 statement of income and retained earnings has not been delivered.

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

Director's responsibilities:

- The member has 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 Act with respect to accounting records and the preparation of financial statements .

Northamptonshire Electrical Wholesalers Ltd

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 23 June 2026 , and are signed on behalf of the board by:

Mr R Mackay
Director

Company registration number: 07154344

Northamptonshire Electrical Wholesalers Ltd

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 1 Bushey Balk Close, Great Oakley, Corby, Northants, NN18 8JE.

2. Statement of compliance

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

Going concern

These accounts have been prepared on the going concern basis, on the understanding that the director will continue to financially support the Company.

Revenue recognition

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.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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 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.

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:

Plant and machinery	-	20% reducing balance
Fixtures and fittings	-	20% reducing balance
Motor vehicles	-	20% reducing balance

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 stock to its present location and condition.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income under administrative expenses. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 3 ).

5. Tangible assets

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 1 April 2024 and 31 March 2025	1,100	26,151	25,450	52,701
	-------	--------	--------	--------
Depreciation
At 1 April 2024	1,100	24,510	23,264	48,874
Charge for the year	–	328	437	765
	-------	--------	--------	--------
At 31 March 2025	1,100	24,838	23,701	49,639
	-------	--------	--------	--------
Carrying amount
At 31 March 2025	–	1,313	1,749	3,062
	-------	--------	--------	--------
At 31 March 2024	–	1,641	2,186	3,827
	-------	--------	--------	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	157,360	192,261
Other debtors	84,929	102,448
	---------	---------
	242,289	294,709
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	10,000	10,000
Trade creditors	256,254	334,913
Corporation tax	46,416	18,202
Social security and other taxes	10,478	6,273
Other creditors	32,377	45,039
	---------	---------
	355,525	414,427
	---------	---------

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

	2025	2024
	£	£
Bank loans and overdrafts	15,833	25,833
	--------	--------

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	2,924	25,039
Later than 1 year and not later than 5 years	8,040	10,964
	--------	--------
	10,964	36,003
	--------	--------

Included within the above is one item of leased equipment due to expire in January 2029.