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REGISTERED NUMBER: SC581021 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

LEARMONTH ELECTRICAL CONSULTANTS LTD

LEARMONTH ELECTRICAL CONSULTANTS LTD (REGISTERED NUMBER: SC581021)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LEARMONTH ELECTRICAL CONSULTANTS LTD

Company Information
for the Year Ended 30 November 2023







DIRECTORS: P J Learmonth
C L Learmonth





REGISTERED OFFICE: 5 Carden Place
Aberdeen
AB10 1UT





REGISTERED NUMBER: SC581021 (Scotland)






LEARMONTH ELECTRICAL CONSULTANTS LTD (REGISTERED NUMBER: SC581021)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,351 13,275

CURRENT ASSETS
Debtors 5 36,363 24,843
Cash at bank 39,121 38,579
75,484 63,422
CREDITORS
Amounts falling due within one year 6 42,737 38,842
NET CURRENT ASSETS 32,747 24,580
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,098

37,855

CAPITAL AND RESERVES
Called up share capital 105 105
Retained earnings 35,993 37,750
SHAREHOLDERS' FUNDS 36,098 37,855

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

LEARMONTH ELECTRICAL CONSULTANTS LTD (REGISTERED NUMBER: SC581021)

Balance Sheet - continued
30 November 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 Board of Directors and authorised for issue on 23 January 2024 and were signed on its behalf by:





P J Learmonth - Director


LEARMONTH ELECTRICAL CONSULTANTS LTD (REGISTERED NUMBER: SC581021)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. STATUTORY INFORMATION

Learmonth Electrical Consultants Ltd 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 each asset over its estimated useful life.
Plant and machinery - 50% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost
Computer equipment - 50% on cost

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.

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.

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 2 (2022 - 2 ) .

LEARMONTH ELECTRICAL CONSULTANTS LTD (REGISTERED NUMBER: SC581021)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 December 2022 1,316 2,408 47,758 6,281 57,763
Additions - 166 - 625 791
Disposals - (149 ) - - (149 )
At 30 November 2023 1,316 2,425 47,758 6,906 58,405
DEPRECIATION
At 1 December 2022 1,316 1,542 36,125 5,505 44,488
Charge for year - 205 9,332 1,062 10,599
Eliminated on disposal - (33 ) - - (33 )
At 30 November 2023 1,316 1,714 45,457 6,567 55,054
NET BOOK VALUE
At 30 November 2023 - 711 2,301 339 3,351
At 30 November 2022 - 866 11,633 776 13,275

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,785 23,973
Other debtors 15,578 870
36,363 24,843

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 42,380 38,486
Other creditors 357 356
42,737 38,842

7. ULTIMATE CONTROLLING PARTY

During the year the company was controlled by its directors.