IRIS Accounts Production v23.3.0.418 SC400427 Board of Directors 31.3.22 30.3.23 30.3.23 false true false false false true false Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC4004272022-03-30SC4004272023-03-30SC4004272022-03-312023-03-30SC4004272021-03-30SC4004272021-03-312022-03-30SC4004272022-03-30SC400427ns10:Originalns15:Scotland2022-03-312023-03-30SC400427ns14:PoundSterlingns10:Original2022-03-312023-03-30SC400427ns10:Originalns10:Director12022-03-312023-03-30SC400427ns10:Original2022-03-312023-03-30SC400427ns10:Original2023-03-30SC400427ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-312023-03-30SC400427ns10:Originalns10:SmallEntities2022-03-312023-03-30SC400427ns10:Originalns10:AuditExempt-NoAccountantsReport2022-03-312023-03-30SC400427ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-312023-03-30SC400427ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-312023-03-30SC400427ns10:Originalns10:FullAccounts2022-03-312023-03-30SC400427ns10:Original12022-03-312023-03-30SC400427ns10:Originalns10:OrdinaryShareClass12022-03-312023-03-30SC400427ns10:Originalns10:Director22022-03-312023-03-30SC400427ns10:CompanySecretary1ns10:Original2022-03-312023-03-30SC400427ns10:Originalns10:RegisteredOffice2022-03-312023-03-30SC400427ns10:Original2022-03-30SC400427ns10:Originalns5:CurrentFinancialInstruments2023-03-30SC400427ns10:Originalns5:CurrentFinancialInstruments2022-03-30SC400427ns10:Originalns5:Non-currentFinancialInstruments2023-03-30SC400427ns10:Originalns5:Non-currentFinancialInstruments2022-03-30SC400427ns5:ShareCapitalns10:Original2023-03-30SC400427ns5:ShareCapitalns10:Original2022-03-30SC400427ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-30SC400427ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-30SC400427ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-03-312023-03-30SC400427ns10:Originalns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-03-312023-03-30SC400427ns10:Originalns5:PlantMachinery2022-03-312023-03-30SC400427ns10:Originalns5:MotorVehicles2022-03-312023-03-30SC400427ns10:Original2021-03-312022-03-30SC400427ns10:Originalns5:NetGoodwill2022-03-30SC400427ns10:Originalns5:NetGoodwill2023-03-30SC400427ns10:Originalns5:NetGoodwill2022-03-30SC400427ns10:Originalns5:LandBuildings2022-03-30SC400427ns10:Originalns5:PlantMachinery2022-03-30SC400427ns10:Originalns5:FurnitureFittings2022-03-30SC400427ns10:Originalns5:MotorVehicles2022-03-30SC400427ns10:Original2022-03-30SC400427ns10:Originalns5:LandBuildings2022-03-312023-03-30SC400427ns10:Originalns5:FurnitureFittings2022-03-312023-03-30SC400427ns10:Originalns5:LandBuildings2023-03-30SC400427ns10:Originalns5:PlantMachinery2023-03-30SC400427ns10:Originalns5:FurnitureFittings2023-03-30SC400427ns10:Originalns5:MotorVehicles2023-03-30SC400427ns10:Originalns5:LandBuildings2022-03-30SC400427ns10:Originalns5:PlantMachinery2022-03-30SC400427ns10:Originalns5:FurnitureFittings2022-03-30SC400427ns10:Originalns5:MotorVehicles2022-03-30SC400427ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-30SC400427ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-30SC400427ns10:Originalns5:DeferredTaxation2022-03-30SC400427ns10:Originalns5:DeferredTaxation2022-03-312023-03-30SC400427ns10:Originalns5:DeferredTaxation2023-03-30SC400427ns10:Originalns10:OrdinaryShareClass12023-03-30
REGISTERED NUMBER: SC400427 (Scotland)















Unaudited Financial Statements for the Year Ended 30 March 2023

for

Neil Campbell Electrical Contractors Ltd

Neil Campbell Electrical Contractors Ltd (Registered number: SC400427)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Neil Campbell Electrical Contractors Ltd

Company Information
for the Year Ended 30 March 2023







DIRECTORS: M Campbell
Kevin Bagley





SECRETARY: M Campbell





REGISTERED OFFICE: Aird
Isle of Benbecula
HS7 5LT





REGISTERED NUMBER: SC400427 (Scotland)





ACCOUNTANTS: Stevenson & Kyles
Chartered Accountants
25 Sandyford Place
Glasgow
G3 7NG

Neil Campbell Electrical Contractors Ltd (Registered number: SC400427)

Balance Sheet
30 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 265,064 257,765
265,064 257,765

CURRENT ASSETS
Stock 100,701 129,500
Debtors 6 279,398 133,923
Cash at bank and in hand 204,309 87,341
584,408 350,764
CREDITORS
Amounts falling due within one year 7 314,301 140,565
NET CURRENT ASSETS 270,107 210,199
TOTAL ASSETS LESS CURRENT
LIABILITIES

535,171

467,964

CREDITORS
Amounts falling due after more than one
year

8

(52,780

)

(76,371

)

PROVISIONS FOR LIABILITIES 9 (47,662 ) (11,101 )
NET ASSETS 434,729 380,492

Neil Campbell Electrical Contractors Ltd (Registered number: SC400427)

Balance Sheet - continued
30 March 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 434,629 380,392
SHAREHOLDERS' FUNDS 434,729 380,492

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 January 2024 and were signed on its behalf by:





Kevin Bagley - Director


Neil Campbell Electrical Contractors Ltd (Registered number: SC400427)

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

1. STATUTORY INFORMATION

Neil Campbell Electrical Contractors 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Heritable property - 2% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on cost

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 stock to their present location and condition.

Financial instruments
Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

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


Neil Campbell Electrical Contractors Ltd (Registered number: SC400427)

Notes to the Financial Statements - continued
for the Year Ended 30 March 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.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2017, has been amortised evenly over it's estimated useful life of five years.

Grant income
Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 March 2022
and 30 March 2023 15,000
AMORTISATION
At 31 March 2022
and 30 March 2023 15,000
NET BOOK VALUE
At 30 March 2023 -
At 30 March 2022 -

Neil Campbell Electrical Contractors Ltd (Registered number: SC400427)

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

5. TANGIBLE FIXED ASSETS
Fittings
Heritable Plant and and Motor
property machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 31 March 2022 215,886 19,813 26,223 78,406 340,328
Additions - 5,744 15,262 15,118 36,124
At 30 March 2023 215,886 25,557 41,485 93,524 376,452
DEPRECIATION
At 31 March 2022 16,546 10,699 5,630 49,688 82,563
Charge for year 3,422 2,455 8,991 13,957 28,825
At 30 March 2023 19,968 13,154 14,621 63,645 111,388
NET BOOK VALUE
At 30 March 2023 195,918 12,403 26,864 29,879 265,064
At 30 March 2022 199,340 9,114 20,593 28,718 257,765

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 279,398 133,923

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,500 6,500
Trade creditors 186,910 71,583
Taxation and social security 86,528 59,111
Other creditors 34,363 3,371
314,301 140,565

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 52,780 76,371

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 47,662 11,101

Neil Campbell Electrical Contractors Ltd (Registered number: SC400427)

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

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 31 March 2022 11,101
Provided during year 36,561
Balance at 30 March 2023 47,662

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary Shares £1 100 100

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling parties of the company are Mr M Campbell , director and Mr K Bagley , director, who each own 50% of the issued share capital of the company.