REGISTERED NUMBER: SC498130 (Scotland)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Nga Electrical Services Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N Allan

REGISTERED OFFICE:

Suite 4F

Ingram House

227 Ingram Street

Glasgow

G1 1DA

REGISTERED NUMBER:

SC498130 (Scotland)

ACCOUNTANTS:

Key Professional Partnership Ltd

Unit 3

Morris Park

37 Rosyth Road

Glasgow

G5 0YE

FIXED ASSETS

Tangible assets

4

249,562

239,336

CURRENT ASSETS

Debtors

5

130,056

148,518

Cash at bank and in hand

26,032

96,406

156,088

244,924

CREDITORS

Amounts falling due within one year

6

257,829

203,720

NET CURRENT (LIABILITIES)/ASSETS

(101,741

)

41,204

TOTAL ASSETS LESS CURRENT LIABILITIES

147,821

280,540

CREDITORS

Amounts falling due after more than one year

7

2,737

13,186

NET ASSETS

145,084

267,354

CAPITAL AND RESERVES

Called up share capital

140

140

Retained earnings

144,944

267,214

145,084

267,354

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 28 March 2025 and were signed by:

N Allan - Director

1.	STATUTORY INFORMATION

Nga Electrical Services 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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 5% on reducing balance

Taxation

Taxation for the year comprises current 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 March 2024

131,295

144,009

275,304

Additions

-

46,466

46,466

At 28 February 2025

131,295

190,475

321,770

DEPRECIATION

At 1 March 2024

-

35,968

35,968

Charge for year

-

36,240

36,240

At 28 February 2025

-

72,208

72,208

NET BOOK VALUE

At 28 February 2025

131,295

118,267

249,562

At 29 February 2024

131,295

108,041

239,336

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

104,350

118,285

Other debtors

25,706

30,233

130,056

148,518

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

9,187

9,187

Hire purchase contracts

45,740

42,103

Trade creditors

98,537

104,700

Taxation and social security

82,751

31,693

Other creditors

21,614

16,037

257,829

203,720

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans

2,737

13,186