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 profit and loss account within the financial statements.true

Mennekes Electric Limited is a private company limited by shares incorporated in England and Wales. The registered office is Numeric House, 98 Station Road, Sidcup, Kent, DA15 7BY.

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 entity.

Purchases denominated in euros are translated at the fixed rate of exchange of 1.13 €/£.

Liabilities at the year end denominated in euros are translated at the year end exchange rate of 1.1458 €/£.

Atruet the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

Revenue is measured at the fair value of the consideration received or receivable, net of discounts and

value added taxes.

Revenue refers to the revenue earned from the Company's principal activity; the distribution and marketing of

the products of Mennekes Elektrotechnik GmBH and Co. KG, a manufacturer of electrical equipment

registered in Germany.

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:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account 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.

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

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

The preparation of the financial statements requires management to make judgements, estimates and

assumptions that affect the amounts reported. These estimates and judgements are continually reviewed

and are based on experience and other factors, including expectations of future events that are believed to

be reasonable under the circumstances.

Significant judgements

The judgements that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

Bad debt provision

Provision is made for bad debts. This requires management's best estimate of the value of payments

expected to be received in the future. In addition, the timing of the cash flows requires management's

judgement.

Stock provision

Provision is made for obsolete stock based on the amount of days it has been in stock with no movement. A percentage basis is used to write down stock based on the number of days it has been obsolete.

Tangible fixed assets

Tangible fixed assets have been depreciated over their useful life taking into account residual values, where appropriate. The actual lives of assets and residual value are assessed annually.

Rebates to customers

Rebates to customers are calculated using a percentage based on their turnover with the company in the year. The percentage depends on whether certain targets have been met.

Dilapidation provision

The dilapidation in relation to the lease has been provided for as an asset and liability calculated at the expected value in 10 years.

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

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified.

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

At the year end the company owed £834,595 to Mennekes Global GmbH who are their parent company.

During the year purchases were made from Mennekes Global GmbH of £4,937,435.

The owners of the leasehold property rented by the company hold a £30,000 deposit which will be refundable at the end of the rental agreement and can be offset any liability defaults thereon. This balance is shown in other debtors.