Company Registration No. SC653207 (Scotland)
S Wilson Electrical Services Limited
Unaudited accounts
for the year ended 31 January 2024
S Wilson Electrical Services Limited
Unaudited accounts
Contents
S Wilson Electrical Services Limited
Company Information
for the year ended 31 January 2024
Company Number
SC653207 (Scotland)
Registered Office
Unit A
36 Middlesex Street
Glasgow
G41 1EA
Scotland
Accountants
Calculo Ltd
Red Tree Magenta
270 Glasgow Road
Glasgow
G73 1SA
S Wilson Electrical Services Limited
Statement of financial position
as at 31 January 2024
Tangible assets
157,047
58,989
Cash at bank and in hand
82,195
44,041
Creditors: amounts falling due within one year
(73,289)
(48,163)
Net current assets
191,604
63,082
Total assets less current liabilities
348,651
122,071
Creditors: amounts falling due after more than one year
(184,573)
(79,181)
Called up share capital
100
100
Profit and loss account
163,978
42,790
Shareholders' funds
164,078
42,890
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 July 2024 and were signed on its behalf by
Steven Wilson
Director
Company Registration No. SC653207
S Wilson Electrical Services Limited
Notes to the Accounts
for the year ended 31 January 2024
S Wilson Electrical Services Limited is a private company, limited by shares, registered in Scotland, registration number SC653207. The registered office is Unit A, 36 Middlesex Street , Glasgow, G41 1EA, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line
Plant & machinery
20% straight line
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
20% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 February 2023
9,000
1,266
98,167
-
1,448
109,881
Additions
-
-
146,401
531
2,484
149,416
At 31 January 2024
9,000
1,266
244,568
531
3,932
259,297
At 1 February 2023
2,700
807
47,042
-
343
50,892
Charge for the year
900
253
49,381
106
718
51,358
At 31 January 2024
3,600
1,060
96,423
106
1,061
102,250
At 31 January 2024
5,400
206
148,145
425
2,871
157,047
At 31 January 2023
6,300
459
51,125
-
1,105
58,989
S Wilson Electrical Services Limited
Notes to the Accounts
for the year ended 31 January 2024
Amounts falling due within one year
Trade debtors
140,889
59,369
Other debtors
31,354
7,835
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,480
6,500
Taxes and social security
26,699
25,235
Other creditors
40,110
13,040
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
175,886
63,843
8
Average number of employees
During the year the average number of employees was 14 (2023: 8).