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REGISTERED NUMBER: SC052853 (Scotland)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

ELECTRO INSTALLATIONS (SCOTLAND) LIMITED

ELECTRO INSTALLATIONS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC052853)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ELECTRO INSTALLATIONS (SCOTLAND) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: J H Cooper





SECRETARY: Mrs G E Cooper





REGISTERED OFFICE: 60 Whitehall
MAYBOLE
Ayrshire
KA19 7DS





REGISTERED NUMBER: SC052853 (Scotland)





ACCOUNTANTS: Galbraith Pritchards
Chartered Accountants
20 Barns Street
Ayr
Ayrshire
KA7 1XA

ELECTRO INSTALLATIONS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC052853)

BALANCE SHEET
31 JANUARY 2023

31/1/23 31/1/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,831 22,984
Investment property 5 75,000 75,000
92,831 97,984

CURRENT ASSETS
Stocks 87,270 144,832
Debtors 6 116,785 184,296
Cash at bank 37,528 7,366
241,583 336,494
CREDITORS
Amounts falling due within one year 7 210,166 256,508
NET CURRENT ASSETS 31,417 79,986
TOTAL ASSETS LESS CURRENT
LIABILITIES

124,248

177,970

CREDITORS
Amounts falling due after more than one
year

8

900

900
NET ASSETS 123,348 177,070

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 121,348 175,070
SHAREHOLDERS' FUNDS 123,348 177,070

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

ELECTRO INSTALLATIONS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC052853)

BALANCE SHEET - continued
31 JANUARY 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 October 2023 and were signed by:





J H Cooper - Director


ELECTRO INSTALLATIONS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC052853)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

Electro Installations (Scotland) Limited is a private company, limited by shares , registered in Scotland. 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% on reducing balance

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

STOCKS
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

FINANCIAL INSTRUMENTS
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


ELECTRO INSTALLATIONS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC052853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


2. ACCOUNTING POLICIES - continued
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.

PROVISIONS
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 17 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 February 2022
and 31 January 2023 30,815 12,444 60,763 23,574 127,596
DEPRECIATION
At 1 February 2022 25,673 12,138 45,085 21,716 104,612
Charge for year 772 46 3,919 416 5,153
At 31 January 2023 26,445 12,184 49,004 22,132 109,765
NET BOOK VALUE
At 31 January 2023 4,370 260 11,759 1,442 17,831
At 31 January 2022 5,142 306 15,678 1,858 22,984

ELECTRO INSTALLATIONS (SCOTLAND) LIMITED (REGISTERED NUMBER: SC052853)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022
and 31 January 2023 75,000
NET BOOK VALUE
At 31 January 2023 75,000
At 31 January 2022 75,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Trade debtors 105,236 180,633
Other debtors 11,549 3,663
116,785 184,296

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Bank loans and overdrafts 34,167 44,167
Trade creditors 86,001 115,402
Taxation and social security 31,770 36,619
Other creditors 58,228 60,320
210,166 256,508

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/23 31/1/22
£    £   
Other creditors 900 900

Amounts falling due in more than five years:

Repayable by instalments
Preference shares 900 900

9. RELATED PARTY DISCLOSURES

Included within debtors is an amount of £3,663 due from a company controlled by one of the directors. (2021:
£3,663).