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REGISTERED NUMBER: SC580542 (Scotland)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR

IAIN WOODROW ELECTRICAL CONTRACTOR
LIMITED

IAIN WOODROW ELECTRICAL CONTRACTOR
LIMITED (REGISTERED NUMBER: SC580542)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023










Page

Company Information 1

Income Statement 2

Balance Sheet 3

Statement of Changes in Equity 4

Notes to the Financial Statements 5


IAIN WOODROW ELECTRICAL CONTRACTOR
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2023







DIRECTOR: I Woodrow





REGISTERED OFFICE: 3 Stanalane
Isle Of Islay
PA43 7LA





REGISTERED NUMBER: SC580542 (Scotland)





ACCOUNTANTS: Donachie Chartered Accountants
2nd Floor
Templeton House
62 Templeton Street
Glasgow
G40 1DA

IAIN WOODROW ELECTRICAL CONTRACTOR
LIMITED (REGISTERED NUMBER: SC580542)

INCOME STATEMENT
FOR THE YEAR ENDED 30TH NOVEMBER 2023

2023 2022
£    £   

TURNOVER 60,000 -

Administrative expenses 1,200 -
OPERATING PROFIT and
PROFIT BEFORE TAXATION 58,800 -

Tax on profit 11,620 -
PROFIT FOR THE FINANCIAL YEAR 47,180 -

IAIN WOODROW ELECTRICAL CONTRACTOR
LIMITED (REGISTERED NUMBER: SC580542)

BALANCE SHEET
30TH NOVEMBER 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 4 72,000 -
Cash in hand 1 1
72,001 1
CREDITORS
Amounts falling due within one year 5 24,820 -
NET CURRENT ASSETS 47,181 1
TOTAL ASSETS LESS CURRENT LIABILITIES 47,181 1

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 47,180 -
47,181 1

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

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 27th August 2024 and were signed by:





I Woodrow - Director


IAIN WOODROW ELECTRICAL CONTRACTOR
LIMITED (REGISTERED NUMBER: SC580542)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30TH NOVEMBER 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1st December 2021 1 - 1

Changes in equity
Balance at 30th November 2022 1 - 1

Changes in equity
Total comprehensive income - 47,180 47,180
Balance at 30th November 2023 1 47,180 47,181

IAIN WOODROW ELECTRICAL CONTRACTOR
LIMITED (REGISTERED NUMBER: SC580542)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2023


1. STATUTORY INFORMATION

Iain Woodrow Electrical Contractor 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, excluding discounts, rebates, value added tax and other sales taxes.

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.

Financial instruments
Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement.

Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated financial instrument.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 72,000 -

IAIN WOODROW ELECTRICAL CONTRACTOR
LIMITED (REGISTERED NUMBER: SC580542)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH NOVEMBER 2023


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax 11,620 -
Social security and other taxes 12,000 -
Accrued expenses 1,200 -
24,820 -