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REGISTERED NUMBER: SC792344 (Scotland)















Unaudited Financial Statements

for the Period 13 December 2023 to 31 December 2024

for

Westside Electrical Services Limited

Westside Electrical Services Limited (Registered number: SC792344)






Contents of the Financial Statements
for the Period 13 December 2023 to 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Westside Electrical Services Limited

Company Information
for the Period 13 December 2023 to 31 December 2024







DIRECTORS: B W Irvine
Mrs I J Irvine





REGISTERED OFFICE: Nyrhus
Effirth
Bixter
Shetland
ZE2 9LY





REGISTERED NUMBER: SC792344 (Scotland)





ACCOUNTANTS: Bon Accord Accountancy Limited
2 North Ness Business Park
Lerwick
Shetland
ZE1 0LZ

Westside Electrical Services Limited (Registered number: SC792344)

Balance Sheet
31 December 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 64,051

CURRENT ASSETS
Debtors 5 57,136
Cash at bank 205,581
262,717
CREDITORS
Amounts falling due within one year 6 108,749
NET CURRENT ASSETS 153,968
TOTAL ASSETS LESS CURRENT LIABILITIES 218,019

PROVISIONS FOR LIABILITIES 16,013
NET ASSETS 202,006

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 201,906
202,006

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

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

Westside Electrical Services Limited (Registered number: SC792344)

Balance Sheet - continued
31 December 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 Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:




B W Irvine - Director



Mrs I J Irvine - Director


Westside Electrical Services Limited (Registered number: SC792344)

Notes to the Financial Statements
for the Period 13 December 2023 to 31 December 2024

1. STATUTORY INFORMATION

Westside 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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the period 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 period 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.

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.

Westside Electrical Services Limited (Registered number: SC792344)

Notes to the Financial Statements - continued
for the Period 13 December 2023 to 31 December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 6 .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
Additions 9,410 78,771 1,574 89,755
Disposals - (10,241 ) - (10,241 )
At 31 December 2024 9,410 68,530 1,574 79,514
DEPRECIATION
Charge for period 1,225 14,273 501 15,999
Eliminated on disposal - (536 ) - (536 )
At 31 December 2024 1,225 13,737 501 15,463
NET BOOK VALUE
At 31 December 2024 8,185 54,793 1,073 64,051

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 33,493
Other debtors 23,643
57,136

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 31,182
Taxation and social security 65,284
Other creditors 12,283
108,749