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REGISTERED NUMBER: SC484186 (Scotland)















Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Mearns Electrical (Glasgow) Limited

Mearns Electrical (Glasgow) Limited (Registered number: SC484186)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Mearns Electrical (Glasgow) Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: S Forrest





REGISTERED OFFICE: Unit 3, Morris Park
37 Rosyth Road
Glasgow
G5 0YE





REGISTERED NUMBER: SC484186 (Scotland)





ACCOUNTANTS: KPP Glasgow South Ltd
Chartered Certified Accountants
Unit 3 , 37 Rosyth Road
Morris Park
Glasgow
G5 0YE

Mearns Electrical (Glasgow) Limited (Registered number: SC484186)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 14,472 18,374

CURRENT ASSETS
Stocks 5 1,147 136
Debtors 6 3,485 2,015
Cash at bank and in hand 2,486 18,968
7,118 21,119
CREDITORS
Amounts falling due within one year 7 14,798 30,686
NET CURRENT LIABILITIES (7,680 ) (9,567 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,792

8,807

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 6,791 8,806
SHAREHOLDERS' FUNDS 6,792 8,807

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 27 May 2025 and were signed by:





S Forrest - Director


Mearns Electrical (Glasgow) Limited (Registered number: SC484186)

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

1. STATUTORY INFORMATION

Mearns Electrical (Glasgow) 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.
Equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
Equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 3,860 33,781 - 37,641
Additions - - 438 438
At 31 August 2024 3,860 33,781 438 38,079
DEPRECIATION
At 1 September 2023 2,373 16,894 - 19,267
Charge for year 218 4,075 47 4,340
At 31 August 2024 2,591 20,969 47 23,607
NET BOOK VALUE
At 31 August 2024 1,269 12,812 391 14,472
At 31 August 2023 1,487 16,887 - 18,374

Mearns Electrical (Glasgow) Limited (Registered number: SC484186)

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

5. STOCKS
31.8.24 31.8.23
£    £   
Stocks 1,147 136

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 3,144 2,015
Prepayments 341 -
3,485 2,015

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 988 1,621
Loan 8,045 12,132
Tax 2,802 12,442
Social security and other taxes 1,663 3,041
Accrued expenses 1,300 1,450
14,798 30,686

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
1 Ordinary £1 1 1

9. RESERVES
Retained
earnings
£   

At 1 September 2023 8,806
Profit for the year 39,014
Dividends (41,029 )
At 31 August 2024 6,791