The Electronics Warehouse Ltd

THE ELECTRONICS WAREHOUSE LTD - Company Information

true Mr Nasser Hakim true 1 January 2015 31 December 2015 31 December 2015 true false 7933123 true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 7933123 2014-12-31 7933123 2015-12-31 7933123 2015-01-01 2015-12-31 7933123 uk-gaap:RestatedAmount 2014-12-31 7933123 uk-gaap:RestatedAmount 2015-12-31 7933123 uk-gaap:NetGoodwill 2014-12-31 7933123 uk-gaap:NetGoodwill 2015-12-31 7933123 uk-gaap:NetGoodwill 2015-01-01 2015-12-31 7933123 uk-gaap:OtherIntangibleFixedAssets 2015-01-01 2015-12-31 7933123 uk-gaap:IntangibleAssetsOtherThanGoodwill 2014-12-31 7933123 uk-gaap:IntangibleAssetsOtherThanGoodwill 2015-12-31 7933123 uk-gaap:IntangibleAssetsOtherThanGoodwill 2015-01-01 2015-12-31 7933123 uk-gaap:DevelopmentCosts 2014-12-31 7933123 uk-gaap:DevelopmentCosts 2015-12-31 7933123 uk-gaap:DevelopmentCosts 2015-01-01 2015-12-31 7933123 uk-gaap:LandBuildings uk-gaap:OwnedOrFreeholdTangibleFixedAssets 2014-12-31 7933123 uk-gaap:LandBuildings 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Registered number: 7933123

Abbreviated accounts

For The Year Ended 31 December 2015

Vincent Ventures Ltd Chartered Accountants

2 Karen Drive

Backwell

North Somerset

BS48 3JT

The Electronics Warehouse Ltd

Company No. 7933123

Abbreviated Balance Sheet 31 December 2015

Abbreviated Balance Sheet

		2015		2014
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	2		2,970		-

			2,970		-
CURRENT ASSETS
Stocks		647,000		250,000
Debtors		42,023		23,572
Cash at bank and in hand		658		658

		689,681		274,230
Creditors: Amounts Falling Due Within One Year		(672,234)		(238,524)

NET CURRENT ASSETS (LIABILITIES)			17,447		35,706

TOTAL ASSETS LESS CURRENT LIABILITIES			20,417		35,706

NET ASSETS			20,417		35,706

CAPITAL AND RESERVES
Called up share capital	3		200		200
Profit and Loss Account			20,217		35,506

SHAREHOLDERS' FUNDS			20,417		35,706

Page 1

The Electronics Warehouse Ltd

Company No. 7933123

Abbreviated Balance Sheet (continued) 31 December 2015

For the year ending 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).

On behalf of the board

Mr Nasser Hakim

16/09/2016

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The Electronics Warehouse Ltd

Notes to the Abbreviated Accounts

For The Year Ended 31 December 2015

Notes to the Abbreviated Accounts

Accounting Policies

Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

25% straight line

Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Tangible Assets


	Total
Cost	£
As at 1 January 2015	-
Additions	3,960

As at 31 December 2015	3,960

Depreciation
As at 1 January 2015	-
Provided during the period	990

As at 31 December 2015	990

Net Book Value
As at 31 December 2015	2,970

As at 1 January 2015	-

Share Capital

	Value	Number	2015	2014
Allotted, called up and fully paid	£		£	£
Ordinary shares	1.000	200	200	200

Transactions With and Loans to Directors

Dividends paid to directors

Page 3

The Electronics Warehouse Ltd

Notes to the Abbreviated Accounts (continued)

For The Year Ended 31 December 2015

	2015	2014
	£	£
Mr Nasser Hakim	30,000	12,500
Mr Victor Gonzalez	12,857	-

Ultimate Controlling Party

The company's ultimate controlling party is Mr Nasser Hakim by virtue of his ownership of 70% of the issued share capital in the company.

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