REGISTERED NUMBER: 04419229 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

ABM ELECTRICAL WHOLESALE LIMITED

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

Mr Mark Leslie Ashworth

Mr Robert Lee Ashworth

REGISTERED OFFICE:

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

REGISTERED NUMBER:

04419229 (England and Wales)

ACCOUNTANTS:

Allens Accountants Limited

Chartered Accountants

123 Wellington Road South

Stockport

Cheshire

SK1 3TH

FIXED ASSETS

Tangible assets

4

63,962

42,196

CURRENT ASSETS

Stocks

261,962

296,599

Debtors

5

987,951

922,736

Cash at bank and in hand

32,349

27,866

1,282,262

1,247,201

CREDITORS

Amounts falling due within one year

6

705,878

610,254

NET CURRENT ASSETS

576,384

636,947

TOTAL ASSETS LESS CURRENT LIABILITIES

640,346

679,143

CREDITORS

Amounts falling due after more than one year

7

(24,772

)

(52,084

)

PROVISIONS FOR LIABILITIES

(10,894

)

(5,127

)

NET ASSETS

604,680

621,932

CAPITAL AND RESERVES

Called up share capital

9

9,000

9,000

Retained earnings

595,680

612,932

SHAREHOLDERS' FUNDS

604,680

621,932

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 November 2025 and were signed on its behalf by:

Mr Mark Leslie Ashworth - Director

1.	STATUTORY INFORMATION

ABM Electrical Wholesale Limited is a private company, limited by shares , registered in England and Wales. 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.

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 etc

-

25% 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 Statement of Income and Retained Earnings, 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.

Debt factoring

The company factors its sales invoices and due to the nature of the factoring contract shows its gross debts as a current asset and its liability to the factoring agent as a current liability. Expenses and interest charged by the factoring agent are charged to the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 March 2024

196,201

Additions

43,157

At 28 February 2025

239,358

DEPRECIATION

At 1 March 2024

154,005

Charge for year

21,391

At 28 February 2025

175,396

NET BOOK VALUE

At 28 February 2025

63,962

At 29 February 2024

42,196

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/25

29/2/24

£

£

Trade debtors

320,480

333,010

Amounts owed by group undertakings

643,373

565,373

Other debtors

24,098

24,353

987,951

922,736

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28/2/25

29/2/24

£

£

Bank loans and overdrafts

-

41,667

Hire purchase contracts

8,161

2,972

Trade creditors

402,224

388,365

Taxation and social security

104,299

153,873

Other creditors

191,194

23,377

705,878

610,254

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28/2/25

29/2/24

£

£

Bank loans

-

52,084

Hire purchase contracts

24,772

-

24,772

52,084

8.	SECURED DEBTS

The following secured debts are included within creditors:

28/2/25

29/2/24

£

£

Bank loans

-

93,751

Hire purchase contracts

32,933

2,972

32,933

96,723

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28/2/25

29/2/24

value:

£

£

9,000

Ordinary

£1

9,000

9,000