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REGISTERED NUMBER: SC377901 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Ally Crawford Electrical Services
Limited

Ally Crawford Electrical Services
Limited (Registered number: SC377901)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Accountants' Report 8

Ally Crawford Electrical Services
Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: A Crawford





REGISTERED OFFICE: 55-57 West High Street
INVERURIE
AB51 3QQ





REGISTERED NUMBER: SC377901 (Scotland)





ACCOUNTANTS: Atholl Scott
55-57 West High Street
INVERURIE
AB51 3QQ

Ally Crawford Electrical Services
Limited (Registered number: SC377901)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 226,855 124,693
Investment property 6 771,222 610,314
998,077 735,007

CURRENT ASSETS
Stocks 7 2,431 1,945
Debtors 8 71,083 149,340
Cash at bank 385,161 229,302
458,675 380,587
CREDITORS
Amounts falling due within one
year

9

(512,141

)

(418,767

)
NET CURRENT LIABILITIES (53,466 ) (38,180 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

944,611

696,827

PROVISIONS FOR LIABILITIES 10 (56,714 ) -
NET ASSETS 887,897 696,827

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 887,797 696,727
SHAREHOLDERS' FUNDS 887,897 696,827

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Ally Crawford Electrical Services
Limited (Registered number: SC377901)

Balance Sheet - continued
31 May 2024


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 14 November 2024 and were signed by:





A Crawford - Director


Ally Crawford Electrical Services
Limited (Registered number: SC377901)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Ally Crawford Electrical Services 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 represents amounts receivable for goods sold and services rendered during the year, exclusive of value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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 are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Ally Crawford Electrical Services
Limited (Registered number: SC377901)

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

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 130,000
AMORTISATION
At 1 June 2023
and 31 May 2024 130,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 June 2023 152,566 9,486 115,269 1,132 278,453
Additions 55,856 - 97,680 955 154,491
At 31 May 2024 208,422 9,486 212,949 2,087 432,944
DEPRECIATION
At 1 June 2023 58,304 5,710 88,750 996 153,760
Charge for year 22,520 569 28,880 360 52,329
At 31 May 2024 80,824 6,279 117,630 1,356 206,089
NET BOOK VALUE
At 31 May 2024 127,598 3,207 95,319 731 226,855
At 31 May 2023 94,262 3,776 26,519 136 124,693

Ally Crawford Electrical Services
Limited (Registered number: SC377901)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 644,268
Additions 174,059
At 31 May 2024 818,327
DEPRECIATION
At 1 June 2023 33,954
Charge for year 13,151
At 31 May 2024 47,105
NET BOOK VALUE
At 31 May 2024 771,222
At 31 May 2023 610,314

7. STOCKS
31.5.24 31.5.23
£    £   
Stocks 2,431 1,945

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 67,371 145,994
Prepayments 3,712 3,346
71,083 149,340

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade creditors 36,155 22,225
Tax 79,271 57,731
PAYE (776 ) 442
VAT 4,391 5,072
Director's loan account 390,100 330,117
Accrued expenses 3,000 3,180
512,141 418,767

10. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 56,714 -

Deferred
tax
£   
Provided during year 56,714
Balance at 31 May 2024 56,714

Ally Crawford Electrical Services
Limited (Registered number: SC377901)

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

11. RELATED PARTY DISCLOSURES

During the year, total dividends of £63,000 were paid to the director .

During the year A & C Crawford (directors) increased the amount loaned to the company by £59,983 leaving a balance of £390,100 (2023 £330,117). This loan is unsecured, interest free and repayable on demand.

During the year A & C Crawford rented a steading for £663 per month to Ally Crawford Electrical Services Ltd. As at 31 May 2024 there was no balance due to A & C Crawford.

All transactions were conducted on a normal commercial basis.

12. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors.

Accountants' Report to the Director
on the Unaudited Financial Statements of
Ally Crawford Electrical Services
Limited

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ally Crawford Electrical Services Limited for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of Ally Crawford Electrical Services Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ally Crawford Electrical Services Limited and state those matters that we have agreed to state to the director of Ally Crawford Electrical Services Limited in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Ally Crawford Electrical Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ally Crawford Electrical Services Limited. You consider that Ally Crawford Electrical Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ally Crawford Electrical Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

As a member firm of the Institute of Financial Accountants (IFA), we are subject to its ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/publicinterest/memberregulations.






Atholl Scott
55-57 West High Street
INVERURIE
AB51 3QQ


14 November 2024