IRIS Accounts Production v24.1.9.2 SC296261 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC2962612023-01-31SC2962612024-01-31SC2962612023-02-012024-01-31SC2962612022-01-31SC2962612022-02-012023-01-31SC2962612023-01-31SC296261ns15:Scotland2023-02-012024-01-31SC296261ns14:PoundSterling2023-02-012024-01-31SC296261ns10:Director12023-02-012024-01-31SC296261ns10:PrivateLimitedCompanyLtd2023-02-012024-01-31SC296261ns10:SmallEntities2023-02-012024-01-31SC296261ns10:AuditExemptWithAccountantsReport2023-02-012024-01-31SC296261ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-31SC296261ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-31SC296261ns10:FullAccounts2023-02-012024-01-31SC296261ns10:Director22023-02-012024-01-31SC296261ns10:Director32023-02-012024-01-31SC296261ns10:CompanySecretary12023-02-012024-01-31SC296261ns10:RegisteredOffice2023-02-012024-01-31SC296261ns5:CurrentFinancialInstruments2024-01-31SC296261ns5:CurrentFinancialInstruments2023-01-31SC296261ns5:ShareCapital2024-01-31SC296261ns5:ShareCapital2023-01-31SC296261ns5:RetainedEarningsAccumulatedLosses2024-01-31SC296261ns5:RetainedEarningsAccumulatedLosses2023-01-31SC296261ns5:PlantMachinery2023-02-012024-01-31SC296261ns5:PlantMachinery2023-01-31SC296261ns5:PlantMachinery2024-01-31SC296261ns5:PlantMachinery2023-01-31SC296261ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-31SC296261ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31
REGISTERED NUMBER: SC296261 (Scotland)











Unaudited Financial Statements for the Year Ended 31st January 2024

for

Steve Brown Electrical (Scotland)
Limited

Steve Brown Electrical (Scotland)
Limited (Registered number: SC296261)






Contents of the Financial Statements
for the Year Ended 31st January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5

Report of the Accountants 6

Steve Brown Electrical (Scotland)
Limited

Company Information
for the Year Ended 31st January 2024







DIRECTORS: S Brown
Mrs L Brown
S D Walton





SECRETARY: Mrs L Brown





REGISTERED OFFICE: Unit 1
Main Street
Glencarse
Perth
Tayside
PH2 7LX





REGISTERED NUMBER: SC296261 (Scotland)





ACCOUNTANTS: Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ

Steve Brown Electrical (Scotland)
Limited (Registered number: SC296261)

Balance Sheet
31st January 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,530 5,050
Investment property 5 30,000 30,000
36,530 35,050

CURRENT ASSETS
Stocks 6,500 1,250
Debtors 6 44,712 48,525
Cash at bank and in hand 62,977 56,918
114,189 106,693
CREDITORS
Amounts falling due within one year 7 (88,202 ) (80,399 )
NET CURRENT ASSETS 25,987 26,294
TOTAL ASSETS LESS CURRENT
LIABILITIES

62,517

61,344

PROVISIONS FOR LIABILITIES (1,169 ) (958 )
NET ASSETS 61,348 60,386

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 61,248 60,286
SHAREHOLDERS' FUNDS 61,348 60,386

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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 10th June 2024 and were signed on its behalf by:




Mrs L Brown - Director


Steve Brown Electrical (Scotland)
Limited (Registered number: SC296261)

Notes to the Financial Statements
for the Year Ended 31st January 2024

1. STATUTORY INFORMATION

Steve Brown Electrical (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 from the provision of electrical services, 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 etc - 15% on reducing balance

Amounts written off each asset over the estimated useful life represent cost less residual value. The assets' residual values and useful lives are reviewed, and adjusted, if appropriate, at the end of each reporting period.

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.

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.

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 makes contributions into a recognised UK defined contribution pension scheme. Contributions payable to this scheme are charged to the income statement in the period to which they relate.

Steve Brown Electrical (Scotland)
Limited (Registered number: SC296261)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors
Trade debtors are amounts due from customers for the sale of goods and services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price and represent the full value of the goods and services charged to customers, including any amounts charged on for third parties.

Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date they are presented as non current liabilities.

Borrowings
Interest bearing borrowings are initially recorded at fair value, net of transaction costs. Interest bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transactions costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Provisions and contingencies
Provisions are recognised when the company has a present legal or constructive obligation as a result of past events; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st February 2023 13,048
Additions 2,649
At 31st January 2024 15,697
DEPRECIATION
At 1st February 2023 7,998
Charge for year 1,169
At 31st January 2024 9,167
NET BOOK VALUE
At 31st January 2024 6,530
At 31st January 2023 5,050

Steve Brown Electrical (Scotland)
Limited (Registered number: SC296261)

Notes to the Financial Statements - continued
for the Year Ended 31st January 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st February 2023
and 31st January 2024 30,000
NET BOOK VALUE
At 31st January 2024 30,000
At 31st January 2023 30,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 44,712 48,525

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 21,391 23,563
Taxation and social security 5,788 5,116
Other creditors 61,023 51,720
88,202 80,399

8. RELATED PARTY DISCLOSURES

Mrs L Brown
Director of company

At 31st January 2024, the company operated a director's loan with Mrs L Brown. This sum is repayable on demand and no interest is charged on the sum advanced.
2024 2023
£ £
Amount due to related party at the balance sheet date 33,070 30,220

Steve Brown Electrical (Scotland)
Limited

Report of the Accountants to the Directors of
Steve Brown Electrical (Scotland)
Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31st January 2024 set out on pages three to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Farries Kirk & McVean
Dumfries Enterprise Park
Heathhall
Dumfries
DUMFRIESSHIRE
DG1 3SJ


10th June 2024