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REGISTERED NUMBER: SC388456 (Scotland)















Unaudited Financial Statements for the Year Ended 30 November 2024

for

MUNRO ELECTRICAL SOLUTIONS LIMITED

MUNRO ELECTRICAL SOLUTIONS LIMITED (REGISTERED NUMBER: SC388456)

Contents of the Financial Statements
for the Year Ended 30 November 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MUNRO ELECTRICAL SOLUTIONS LIMITED

Company Information
for the Year Ended 30 November 2024







DIRECTOR: D Munro





REGISTERED OFFICE: 5 Carden Place
Aberdeen
AB10 1UT





REGISTERED NUMBER: SC388456 (Scotland)






MUNRO ELECTRICAL SOLUTIONS LIMITED (REGISTERED NUMBER: SC388456)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,732 7,576

CURRENT ASSETS
Debtors 5 22,607 28,149
Cash at bank 11,629 8,669
34,236 36,818
CREDITORS
Amounts falling due within one year 6 30,489 26,290
NET CURRENT ASSETS 3,747 10,528
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,479

18,104

CREDITORS
Amounts falling due after more than one year 7 6,617 6,207
NET ASSETS 24,862 11,897

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 24,861 11,896
24,862 11,897

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

MUNRO ELECTRICAL SOLUTIONS LIMITED (REGISTERED NUMBER: SC388456)

Balance Sheet - continued
30 November 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 director and authorised for issue on 26 March 2025 and were signed by:





D Munro - Director


MUNRO ELECTRICAL SOLUTIONS LIMITED (REGISTERED NUMBER: SC388456)

Notes to the Financial Statements
for the Year Ended 30 November 2024


1. STATUTORY INFORMATION

Munro Electrical Solutions 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.
Motor vehicles - 20% on cost
Computer equipment - 33% 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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

MUNRO ELECTRICAL SOLUTIONS LIMITED (REGISTERED NUMBER: SC388456)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2023 18,569 1,295 19,864
Additions 62,997 - 62,997
Disposals (49,568 ) - (49,568 )
At 30 November 2024 31,998 1,295 33,293
DEPRECIATION
At 1 December 2023 11,141 1,147 12,288
Charge for year 4,576 148 4,724
Eliminated on disposal (11,451 ) - (11,451 )
At 30 November 2024 4,266 1,295 5,561
NET BOOK VALUE
At 30 November 2024 27,732 - 27,732
At 30 November 2023 7,428 148 7,576

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,400 9,185
Other debtors 13,207 18,964
22,607 28,149

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,654 3,793
Trade creditors 14,611 6,111
Amounts owed to group undertakings - 3,000
Taxation and social security 11,798 10,848
Other creditors 2,426 2,538
30,489 26,290

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 6,617 6,207

MUNRO ELECTRICAL SOLUTIONS LIMITED (REGISTERED NUMBER: SC388456)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


8. RELATED PARTY DISCLOSURES

The controlling party is Munro Group Ltd.