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REGISTERED NUMBER: SC158311 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Alex Strachan Electrical Services
Limited

Alex Strachan Electrical Services
Limited (Registered number: SC158311)






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


Alex Strachan Electrical Services
Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: Mr A Strachan





REGISTERED OFFICE: 5-7 Commerce Street
Fraserburgh
Aberdeenshire
AB43 9AQ





REGISTERED NUMBER: SC158311 (Scotland)





ACCOUNTANTS: SBP
Accountants
9 Carmelite Street
Banff
Aberdeenshire
AB45 1AF

Alex Strachan Electrical Services
Limited (Registered number: SC158311)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 141,060 156,219

CURRENT ASSETS
Stocks 25,095 27,500
Debtors 5 23,219 11,291
Cash at bank 126,156 51,233
174,470 90,024
CREDITORS
Amounts falling due within one year 6 89,110 71,696
NET CURRENT ASSETS 85,360 18,328
TOTAL ASSETS LESS CURRENT
LIABILITIES

226,420

174,547

PROVISIONS FOR LIABILITIES 9,996 11,059
NET ASSETS 216,424 163,488

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 216,324 163,388
SHAREHOLDERS' FUNDS 216,424 163,488

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.

Alex Strachan Electrical Services
Limited (Registered number: SC158311)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 March 2025 and were signed by:





Mr A Strachan - Director


Alex Strachan Electrical Services
Limited (Registered number: SC158311)

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

1. STATUTORY INFORMATION

Alex Strachan 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 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.
Buildings - not provided
Office equipment - 33% on cost
Tools & equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Alex Strachan Electrical Services
Limited (Registered number: SC158311)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 8 ) .

4. TANGIBLE FIXED ASSETS
Office Tools & Motor
Buildings equipment equipment vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023 98,014 2,628 6,074 97,592 204,308
Additions - 319 - - 319
Disposals - - - (1,513 ) (1,513 )
At 31 May 2024 98,014 2,947 6,074 96,079 203,114
DEPRECIATION
At 1 June 2023 - 2,028 3,469 42,592 48,089
Charge for year - 597 651 13,590 14,838
Eliminated on disposal - - - (873 ) (873 )
At 31 May 2024 - 2,625 4,120 55,309 62,054
NET BOOK VALUE
At 31 May 2024 98,014 322 1,954 40,770 141,060
At 31 May 2023 98,014 600 2,605 55,000 156,219

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 20,380 11,291
Other debtors 53 -
Prepayments 2,786 -
23,219 11,291

Alex Strachan Electrical Services
Limited (Registered number: SC158311)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loan 26,428 36,667
Hire purchase contracts 1,042 3,127
Trade creditors 11,915 24,364
Tax 26,370 -
Social security and other taxes 1,675 901
VAT 18,148 2,523
Other creditors 99 101
Directors' current accounts 532 755
Accrued expenses 2,901 3,258
89,110 71,696

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A Strachan.