Company registration number 07350235 (England and Wales)
ELECTRICAL WHOLESALE SUPPLIES (SWANSEA) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
PAGES FOR FILING WITH REGISTRAR
ELECTRICAL WHOLESALE SUPPLIES (SWANSEA) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
ELECTRICAL WHOLESALE SUPPLIES (SWANSEA) LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2025
31 December 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
19,327
25,830
Current assets
Stocks
4
227,209
190,468
Debtors
5
247,766
346,478
Cash at bank and in hand
162,707
234,641
637,682
771,587
Creditors: amounts falling due within one year
6
(399,788)
(465,427)
Net current assets
237,894
306,160
Total assets less current liabilities
257,221
331,990
Provisions for liabilities
(4,832)
(6,457)
Net assets
252,389
325,533
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
252,289
325,433
Total equity
252,389
325,533

The notes on pages 3 to 6 form part of these financial statements.

ELECTRICAL WHOLESALE SUPPLIES (SWANSEA) LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2025
31 December 2025
- 2 -

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

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 2 June 2026 and are signed on its behalf by:
Mr Malcolm Coady
Director
Company registration number 07350235 (England and Wales)
ELECTRICAL WHOLESALE SUPPLIES (SWANSEA) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
- 3 -
1
Accounting policies
Company information

Electrical Wholesale Supplies (Swansea) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Suite 2D, Building 1, Eastern Business Park, St. Mellons, Cardiff, CF3 5EA.

1.1
Basis of preparation

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 company. Monetary a mounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Tangible fixed assets

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:

Plant and equipment
25% Reducing balance
Fixtures and fittings
25% Reducing balance
Computers
33% Straight line
1.4
Stocks

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.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.5
Taxation

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

ELECTRICAL WHOLESALE SUPPLIES (SWANSEA) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
1
Accounting policies
(Continued)
- 4 -
Current 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.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.6
Retirement benefits

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

1.7
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
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 lease s asset are consumed.

2
Employees

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

2025
2024
Number
Number
Total
11
11
ELECTRICAL WHOLESALE SUPPLIES (SWANSEA) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 5 -
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 January 2025 and 31 December 2025
59,426
22,034
18,714
100,174
Depreciation and impairment
At 1 January 2025
37,448
18,523
18,373
74,344
Depreciation charged in the year
5,495
878
130
6,503
At 31 December 2025
42,943
19,401
18,503
80,847
Carrying amount
At 31 December 2025
16,483
2,633
211
19,327
At 31 December 2024
21,978
3,511
341
25,830
4
Stocks
2025
2024
£
£
Stocks
227,209
190,468
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
231,450
332,875
Other debtors
3,815
3,815
Prepayments and accrued income
12,501
9,788
247,766
346,478
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
193,159
277,579
Corporation tax
95,674
92,541
Other taxation and social security
52,921
59,331
Other creditors
55,160
31,987
Accruals and deferred income
2,874
3,989
399,788
465,427
ELECTRICAL WHOLESALE SUPPLIES (SWANSEA) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
- 6 -
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A shares of £1 each
13
13
13
13
Ordinary B shares of £1 each
10
10
10
10
Ordinary C shares of £1 each
13
13
13
13
Ordinary D shares of £1 each
10
10
10
10
Ordinary E shares of £1 each
10
10
10
10
Ordinary F shares of £1 each
5
5
5
5
Ordinary G shares of £1 each
5
5
5
5
Ordinary H shares of £1 each
10
10
10
10
Ordinary I shares of £1 each
12
12
12
12
Ordinary J shares of £1 each
12
12
12
12
100
100
100
100
8
Related party transactions

As on balance sheet date the company owed the directors £30,661 (2024: £30,205).

During the year dividends voted and paid to the shareholders were £343,430 (202 4: £290,000).

9
Ultimate Controlling Party

The company's ultimate controlling party are the directors and their spouses by virtue of their ownership of the issued share capital in the company.

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