REGISTERED NUMBER: 08347939 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Electrical Wholesale Sheffield Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

226,296

102,952

CURRENT ASSETS

Stocks

657,715

450,722

Debtors

5

968,322

909,792

Cash at bank and in hand

345,978

122,459

1,972,015

1,482,973

CREDITORS

Amounts falling due within one year

6

1,561,177

1,092,663

NET CURRENT ASSETS

410,838

390,310

TOTAL ASSETS LESS CURRENT LIABILITIES

637,134

493,262

CREDITORS

Amounts falling due after more than one year

7

(94,398

)

(42,456

)

PROVISIONS FOR LIABILITIES

(56,272

)

(25,738

)

NET ASSETS

486,464

425,068

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

486,463

425,067

SHAREHOLDERS' FUNDS

486,464

425,068

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 September 2026 and were signed by:

Mr J D Walston - Director

1.	STATUTORY INFORMATION

Electrical Wholesale Sheffield Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08347939

Registered office:

Unit 4 Don Valley Trading Estate

St. Charles Street

Sheffield

S9 3WU

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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

20% on reducing balance

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 Profit and Loss Account, 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 16 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

220

18,711

128,189

29,246

176,366

Additions

4,575

44,595

144,409

633

194,212

At 31 December 2025

4,795

63,306

272,598

29,879

370,578

DEPRECIATION

At 1 January 2025

44

14,692

43,824

14,854

73,414

Charge for year

950

9,721

57,194

3,003

70,868

At 31 December 2025

994

24,413

101,018

17,857

144,282

NET BOOK VALUE

At 31 December 2025

3,801

38,893

171,580

12,022

226,296

At 31 December 2024

176

4,019

84,365

14,392

102,952

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2025

50,546

Additions

103,929

At 31 December 2025

154,475

DEPRECIATION

At 1 January 2025

12,637

Charge for year

35,459

At 31 December 2025

48,096

NET BOOK VALUE

At 31 December 2025

106,379

At 31 December 2024

37,909

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

942,111

901,205

Other debtors

26,211

8,587

968,322

909,792

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

4,167

10,000

Hire purchase contracts

16,869

5,498

Trade creditors

997,671

751,973

Amounts owed to group undertakings

200,000

-

Taxation and social security

89,642

85,952

Other creditors

252,828

239,240

1,561,177

1,092,663

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

-

4,167

Hire purchase contracts

94,398

38,289

94,398

42,456

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

111,267

43,787

Factoring

202,289

181,048

313,556

224,835

Factoring debts are secured by means of a fixed and floating charge over the assets and undertaking of the company.

The hire purchase liabilities are secured against the relevant asset held under the agreement.

9.	OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £9,868 (2024 £26,646). This financial commitment represents the total amount of payments remaining on leases ending in 2026.