ELECTRICAL APPLIANCE OUTLET LIMITED

• ⚠

  Material uncertainty over going concern

  In previous years, these financial statements have been prepared on a going concern basis. However, the Directors now intend to imminently hive across the trade, assets and liabilities of Electrical Appliance Outlet Limited to Elekdirect Limited, a fellow subsidiary of AO World plc. The intention is to cease commercial trading activities in this company and there is no intention to acquire a replacement trade. Consequently, the financial statements have been prepared on a basis other than going concern. Assets have been stated at the lower of carrying amount and recoverable amount, and liabilities have been recognised as and when they fall due. No adjustments were necessary to the amounts or classification at which the remaining net assets are included in these financial statements.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“In previous years, these financial statements have been prepared on a going concern basis. However, the Directors now intend to imminently hive across the trade, assets and liabilities of Electrical Appliance Outlet Limited to Elekdirect Limited, a fellow subsidiary of AO World plc. The intention is to cease commercial trading activities in this company and there is no intention to acquire a replacement trade. Consequently, the financial statements have been prepared on a basis other than going concern. Assets have been stated at the lower of carrying amount and recoverable amount, and liabilities have been recognised as and when they fall due. No adjustments were necessary to the amounts or classification at which the remaining net assets are included in these financial statements.”

Significant events

• “In FY26, the Directors intend to hive across the trade, assets and liabilities of Electrical Appliance Outlet Limited to Elekdirect Limited, a fellow subsidiary of AO World plc.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +30.8%

  £4,317,000 → £5,645,000

• Cash

  +350%

  £40,000 → £180,000

• Net assets

  -59.2%

  £3,105,000 → £1,266,000

• Employees

  0%

  1 → 1

• Operating profit

  +30.8%

  £812,000 → £1,062,000

• Profit before tax

  +30.8%

  £812,000 → £1,062,000

• Wages

  -10%

  £40,000 → £36,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers