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REGISTERED NUMBER: SC713931 (Scotland)















IDC Electrical (Highland) Ltd

Financial Statements For The Year Ended 30 November 2023






IDC Electrical (Highland) Ltd (Registered number: SC713931)






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


IDC Electrical (Highland) Ltd

Company Information
For The Year Ended 30 November 2023







DIRECTOR: M J Rigby





REGISTERED OFFICE: 6 Meadow Road
Balloch
Inverness
Highland
IV2 7JR





REGISTERED NUMBER: SC713931 (Scotland)





ACCOUNTANTS: The Long Partnership
1st Floor
Robertson House
Shore Street
Inverness
Highland
IV1 1NF

IDC Electrical (Highland) Ltd (Registered number: SC713931)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 79,935 63,933

CURRENT ASSETS
Stocks 4,876 8,487
Debtors 5 47,036 82,573
Cash at bank 85,202 123,143
137,114 214,203
CREDITORS
Amounts falling due within one year 6 108,269 142,808
NET CURRENT ASSETS 28,845 71,395
TOTAL ASSETS LESS CURRENT
LIABILITIES

108,780

135,328

CREDITORS
Amounts falling due after more than one
year

7

(25,228

)

(31,131

)

PROVISIONS FOR LIABILITIES (7,457 ) (6,658 )
NET ASSETS 76,095 97,539

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 75,995 97,439
76,095 97,539

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 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.

IDC Electrical (Highland) Ltd (Registered number: SC713931)

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 director and authorised for issue on 27 February 2024 and were signed by:





M J Rigby - Director


IDC Electrical (Highland) Ltd (Registered number: SC713931)

Notes to the Financial Statements
For The Year Ended 30 November 2023

1. STATUTORY INFORMATION

IDC Electrical (Highland) 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.
Equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

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.

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.

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.

IDC Electrical (Highland) Ltd (Registered number: SC713931)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 5 ) .

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 December 2022 81,220
Additions 43,689
Disposals (21,228 )
At 30 November 2023 103,681
DEPRECIATION
At 1 December 2022 17,287
Charge for year 14,679
Eliminated on disposal (8,220 )
At 30 November 2023 23,746
NET BOOK VALUE
At 30 November 2023 79,935
At 30 November 2022 63,933

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 40,116 63,575
Other debtors 6,920 18,998
47,036 82,573

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 5,903 5,903
Trade creditors 46,064 52,850
Taxation and social security - 27,189
Other creditors 56,302 56,866
108,269 142,808

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 25,228 31,131