REGISTERED NUMBER: 07933123

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

The Electronics Warehouse Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr N Hakim

REGISTERED OFFICE:

Unit 1b Barton Hill Trading Estate

Herapath Street

Bristol

BS5 9RD

REGISTERED NUMBER:

07933123

ACCOUNTANTS:

Wormald & Partners

Chartered Accountants (ICAEW)

Brunel House

11 The Promenade

Clifton Down

Bristol

BS8 3NG

FIXED ASSETS

Tangible assets

4

5,740

7,667

CURRENT ASSETS

Stocks

452,791

341,463

Debtors

5

723,047

665,994

Cash at bank

1,301

305,925

1,177,139

1,313,382

CREDITORS

Amounts falling due within one year

6

211,347

337,432

NET CURRENT ASSETS

965,792

975,950

TOTAL ASSETS LESS CURRENT LIABILITIES

971,532

983,617

CREDITORS

Amounts falling due after more than one year

7

-

13,000

NET ASSETS

971,532

970,617

CAPITAL AND RESERVES

Called up share capital

400

400

Retained earnings

971,132

970,217

SHAREHOLDERS' FUNDS

971,532

970,617

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 21 May 2026 and were signed by:

Mr N Hakim - Director

1.	STATUTORY INFORMATION

The Electronics Warehouse Ltd is a private company, limited by shares , registered in Not specified/Other. 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

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.

The financial statements have been prepared on a going concern basis as the Directors believe that the Company has sufficient support from existing shareholders to enable it to trade and be profitable for a period of at least 12 months from the date that the unaudited financial statements are signed.

Turnover

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

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

-

25% on straight line basis

Fixtures and fittings

-

15% on reducing balance basis

Motor vehicles

-

25% on reducing balance basis

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 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

20,907

6,343

-

-

27,250

Additions

-

-

78,040

1,166

79,206

Disposals

-

-

(78,040

)

-

(78,040

)

At 31 December 2025

20,907

6,343

-

1,166

28,416

DEPRECIATION

At 1 January 2025

16,301

3,282

-

-

19,583

Charge for year

2,537

459

15,173

97

18,266

Eliminated on disposal

-

-

(15,173

)

-

(15,173

)

At 31 December 2025

18,838

3,741

-

97

22,676

NET BOOK VALUE

At 31 December 2025

2,069

2,602

-

1,069

5,740

At 31 December 2024

4,606

3,061

-

-

7,667

There are no assets held under hire purchase agreements, included with tangible fixed assets at the year end (2024: Net Book Value £NIL),

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

(147

)

2

Other debtors

11,656

85,540

Loans - Matrix Office Supplies

79,643

8,479

Loans - NRZ Properties

568,215

553,389

Loans - NRZ Developments

3,000

3,000

Loans - SP4CE Limited

130

-

Directors' loan accounts

47,788

-

Deferred tax asset

9,486

6,979

Prepayments

3,276

8,605

723,047

665,994

The directors loan account, was repaid within 9 months of the year end.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,902

23,857

Hire purchase contracts

153,405

-

Trade creditors

9,211

60,965

Tax

6,438

138,797

Social security and other taxes

2,494

2,118

VAT

12,375

26,182

Other creditors

12,990

25,568

Directors' loan accounts

-

6,415

Deferred income

-

50,000

Accrued expenses

3,532

3,530

211,347

337,432

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

13,000

8.	RELATED PARTY DISCLOSURES

Mr Nasser Hakim is a controlling shareholder of Matrix Office Supplies Limited

During the period, the company paid £35,000 (2024: £35,000) in rent. The company also has a debtor due to the above company of £79,643 (2024: £8,479).

During the year, the company made purchases of £3,451,882 (2024: £6,215,048) at normal commercial rates.

Mr Nasser Hakim is a controlling shareholder of NRZ Properties Limited

The company also has a debtor due from the above company of £568,215 (2024: £553,389).

Mr Nasser Hakim is a controlling shareholder of NRZ Developments Limited

The company also has a debtor due from the above company of £3,000 (2024: £3,000).

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr N Hakim.