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REGISTERED NUMBER: SC481710 (Scotland)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

R H ELECTRICAL (ABERDEEN) LTD

R H ELECTRICAL (ABERDEEN) LTD (REGISTERED NUMBER: SC481710)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Certified Accountants' Report 7

R H ELECTRICAL (ABERDEEN) LTD

COMPANY INFORMATION
for the Year Ended 31 July 2024







DIRECTORS: Mr R Henderson
Mrs R A Henderson





REGISTERED OFFICE: 45a Middlemuir Road
Inverurie
AB51 4RA





REGISTERED NUMBER: SC481710 (Scotland)





ACCOUNTANTS: Acumen Accountants and Advisors Limited
Unit 1, Office 1 & 8
Blackhall Industrial Estate
Burghmuir Circle
Inverurie
Aberdeenshire
AB51 4FS

R H ELECTRICAL (ABERDEEN) LTD (REGISTERED NUMBER: SC481710)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 24,490 38,874

CURRENT ASSETS
Debtors 6 34,900 40,841
Cash at bank 864 5
35,764 40,846
CREDITORS
Amounts falling due within one year 7 30,521 40,238
NET CURRENT ASSETS 5,243 608
TOTAL ASSETS LESS CURRENT
LIABILITIES

29,733

39,482

CREDITORS
Amounts falling due after more than one year 8 (23,194 ) (33,122 )

PROVISIONS FOR LIABILITIES 10 (6,122 ) (7,386 )
NET ASSETS/(LIABILITIES) 417 (1,026 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 317 (1,126 )
SHAREHOLDERS' FUNDS 417 (1,026 )

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

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

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 11 March 2025 and were signed on its behalf by:





Mrs R A Henderson - Director


R H ELECTRICAL (ABERDEEN) LTD (REGISTERED NUMBER: SC481710)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

R H Electrical (Aberdeen) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is stated net of VAT and trade discounts. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where the contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total contract value.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on cost
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on cost

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

R H ELECTRICAL (ABERDEEN) LTD (REGISTERED NUMBER: SC481710)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

3. ACCOUNTING POLICIES - continued

Going concern
The director, having made due and careful enquiry, is of the opinion that the company has adequate working capital with support of the director to execute its operations over the next 12 months. The director, therefore, has made an informed judgement, at the time of approving the financial statements that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. As a result, the director has continued to adopt the going concern basis of accounting in preparing the annual financial statements.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 6 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2023
and 31 July 2024 3,314 2,509 71,744 77,567
DEPRECIATION
At 1 August 2023 2,754 1,590 34,349 38,693
Charge for year 198 749 13,437 14,384
At 31 July 2024 2,952 2,339 47,786 53,077
NET BOOK VALUE
At 31 July 2024 362 170 23,958 24,490
At 31 July 2023 560 919 37,395 38,874

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023
and 31 July 2024 53,749
DEPRECIATION
At 1 August 2023 16,354
Charge for year 13,437
At 31 July 2024 29,791
NET BOOK VALUE
At 31 July 2024 23,958
At 31 July 2023 37,395

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,232 8,067
Other debtors 8,034 8,034
Directors' current accounts 5,634 23,804
Prepayments - 936
34,900 40,841

R H ELECTRICAL (ABERDEEN) LTD (REGISTERED NUMBER: SC481710)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 1,501
Hire purchase contracts (see note 9) 9,927 9,187
Trade creditors 2,940 20,372
Tax 6,658 4,045
Social security and other taxes 712 728
VAT 9,480 3,556
Other creditors 804 849
30,521 40,238

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts (see note 9) 23,194 33,122

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2024 2023
£    £   
Net obligations repayable:
Within one year 9,927 9,187
Between one and five years 23,194 33,122
33,121 42,309

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 6,122 7,386

Deferred
tax
£   
Balance at 1 August 2023 7,386
Provided during year (1,264 )
Balance at 31 July 2024 6,122

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
Mr R I Henderson
Balance outstanding at start of year 11,939 (326 )
Amounts advanced 1,214 12,265
Amounts repaid (9,812 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 3,341 11,939

R H ELECTRICAL (ABERDEEN) LTD (REGISTERED NUMBER: SC481710)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 July 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mrs R A Henderson
Balance outstanding at start of year 11,865 -
Amounts advanced 240 11,865
Amounts repaid (9,812 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,293 11,865

These amounts bear no interest and have no fixed repayment terms.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
R H ELECTRICAL (ABERDEEN) LTD (REGISTERED NUMBER: SC481710)

The following reproduces the text of the report prepared for the directors 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 Directors 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 R H Electrical (Aberdeen) Ltd for the year ended 31 July 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.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of R H Electrical (Aberdeen) Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of R H Electrical (Aberdeen) Ltd and state those matters that we have agreed to state to the Board of Directors of R H Electrical (Aberdeen) Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at
https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that R H Electrical (Aberdeen) Ltd 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 R H Electrical (Aberdeen) Ltd. You consider that R H Electrical (Aberdeen) Ltd 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 R H Electrical (Aberdeen) Ltd. 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.






Acumen Accountants and Advisors Limited
Unit 1, Office 1 & 8
Blackhall Industrial Estate
Burghmuir Circle
Inverurie
Aberdeenshire
AB51 4FS


11 March 2025