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REGISTERED NUMBER: SC690830 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

R Gillies Electrical Contractors Ltd

R Gillies Electrical Contractors Ltd (Registered number: SC690830)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


R Gillies Electrical Contractors Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: R Gillies





REGISTERED OFFICE: 6 Glasphein
Staffin
Portree
Highland
IV51 9JZ





REGISTERED NUMBER: SC690830 (Scotland)





ACCOUNTANTS: Kennedy Accountancy & Bookkeeping Services Limited
Taigh Fearna
Lochalsh Business Park
Auchtertyre
Highland
IV40 8EG

R Gillies Electrical Contractors Ltd (Registered number: SC690830)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,997 8,225

CURRENT ASSETS
Stocks 286 1,179
Debtors 5 4,121 1,944
Cash at bank 17,587 22,532
21,994 25,655
CREDITORS
Amounts falling due within one year 6 11,259 12,029
NET CURRENT ASSETS 10,735 13,626
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,732

21,851

CREDITORS
Amounts falling due after more than
one year

7

(2,529

)

(4,997

)

PROVISIONS FOR LIABILITIES (884 ) (1,563 )
NET ASSETS 12,319 15,291

R Gillies Electrical Contractors Ltd (Registered number: SC690830)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 300 300
Retained earnings 12,019 14,991
SHAREHOLDERS' FUNDS 12,319 15,291

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

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

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 30 November 2024 and were signed by:





R Gillies - Director


R Gillies Electrical Contractors Ltd (Registered number: SC690830)

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

1. STATUTORY INFORMATION

R Gillies 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

R Gillies Electrical Contractors Ltd (Registered number: SC690830)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 14,864
Additions 544
At 31 March 2024 15,408
DEPRECIATION
At 1 April 2023 6,639
Charge for year 3,772
At 31 March 2024 10,411
NET BOOK VALUE
At 31 March 2024 4,997
At 31 March 2023 8,225

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 2,438 719
Other debtors 1,683 1,225
4,121 1,944

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 2,468 2,468
Trade creditors 1,906 2,744
Taxation and social security 6,283 6,527
Other creditors 602 290
11,259 12,029

R Gillies Electrical Contractors Ltd (Registered number: SC690830)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 2,529 4,997