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REGISTERED NUMBER: SC598230 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

J HALLIDAY ELECTRICAL LTD

J HALLIDAY ELECTRICAL LTD (REGISTERED NUMBER: SC598230)






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


J HALLIDAY ELECTRICAL LTD

Company Information
for the Year Ended 31 May 2024







DIRECTORS: J Halliday
Mrs J Halliday
C Halliday





REGISTERED OFFICE: Oakfield House
378 Brandon Street
Motherwell
ML1 1XA





REGISTERED NUMBER: SC598230 (Scotland)





ACCOUNTANTS: Watson & Co.
Oakfield House
378 Brandon Street
Motherwell
NORTH LANARKSHIRE
ML1 1XA

J HALLIDAY ELECTRICAL LTD (REGISTERED NUMBER: SC598230)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 202,010 202,010

CURRENT ASSETS
Cash at bank 79 36

CREDITORS
Amounts falling due within one year 5 31,224 26,869
NET CURRENT LIABILITIES (31,145 ) (26,833 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,865

175,177

CREDITORS
Amounts falling due after more than one
year

6

-

52,011
NET ASSETS 170,865 123,166

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 170,745 123,046
170,865 123,166

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 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.

J HALLIDAY ELECTRICAL LTD (REGISTERED NUMBER: SC598230)

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 Board of Directors and authorised for issue on 4 February 2025 and were signed on its behalf by:




J Halliday - Director



Mrs J Halliday - Director


J HALLIDAY ELECTRICAL LTD (REGISTERED NUMBER: SC598230)

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

1. STATUTORY INFORMATION

J Halliday Electrical 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.

Preparation of consolidated financial statements
The financial statements contain information about J Halliday Electrical Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are valued at cost less impairment.

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.

3. EMPLOYEES AND DIRECTORS

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

J HALLIDAY ELECTRICAL LTD (REGISTERED NUMBER: SC598230)

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2023
and 31 May 2024 202,010
NET BOOK VALUE
At 31 May 2024 202,010
At 31 May 2023 202,010

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 25,575
Other creditors 31,224 1,294
31,224 26,869

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 52,011

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 77,586

The bank hold a floating charge(s) (floating charge covers all the property or undertaking of the company). Contains negative pledge.