Ella Electrical Ltd
Filleted Accounts
28 February 2025
Registered number : SC525586 (Scotland)
Ella Electrical Ltd
Registered number : SC525586 (Scotland)
Balance Sheet
as at 28 February 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 49,100 41,085
Current assets
Debtors 4 177,059 47,173
Cash at bank and in hand 66,419 76,471
243,478 123,644
Creditors: amounts falling due within one year 5 (124,224) (45,559)
Net current assets 119,254 78,085
Total assets less current liabilities 168,354 119,170
Creditors: amounts falling due after more than one year 6 (3,667) (7,667)
Provisions for liabilities (9,329) (7,806)
Net assets 155,358 103,697
Capital and reserves
Called up share capital 1 1
Profit and loss account 155,357 103,696
Shareholder's funds 155,358 103,697
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr W H McCaffery
Director
Approved by the board on 21 March 2025
Ella Electrical Ltd
Notes to the Accounts
for the year ended 28 February 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles 25% on written down value
Plant and machinery 15% on written down value
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 March 2024 3,995 56,576 60,571
Additions 20,495 - 20,495
At 28 February 2025 24,490 56,576 81,066
Depreciation
At 1 March 2024 399 19,087 19,486
Charge for the year 3,107 9,373 12,480
At 28 February 2025 3,506 28,460 31,966
Net book value
At 28 February 2025 20,984 28,116 49,100
At 29 February 2024 3,596 37,489 41,085
4 Debtors 2025 2024
£ £
Trade debtors 177,059 47,173
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 4,000 4,000
Trade creditors 49,114 -
Corporation tax 19,271 16,309
Other taxes and social security costs 50,553 18,088
Director's loan account 86 5,681
Other creditors 1,200 1,481
124,224 45,559
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 3,667 7,667
7 Other information
Ella Electrical Ltd is a private company limited by shares and incorporated in England. Its registered office is:
24 Shields Road
Dunfirmline
Scotland
KY11 4DZ
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