Registered number
SC753712
Fife Electrical Services Ltd
Filleted Accounts
31 December 2024
Fife Electrical Services Ltd
Registered number: SC753712
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 1,523 -
Cash at bank and in hand 26,974 24,023
28,497 24,023
Creditors: amounts falling due within one year 4 (7,559) (7,234)
Net current assets 20,938 16,789
Total assets less current liabilities 20,938 16,789
Creditors: amounts falling due after more than one year 5 (3,018) (4,066)
Net assets 17,920 12,723
Capital and reserves
Called up share capital 100 100
Profit and loss account 17,820 12,623
Shareholders' funds 17,920 12,723
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
N Ross
Director
Approved by the board on 19 May 2025
Fife Electrical Services Ltd
Notes to the Accounts
for the year ended 31 December 2024
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 rendering of services. 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.
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.
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 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Debtors 2024 2023
£ £
Trade debtors 1,523 -
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors - 31
Taxation and social security costs 4,362 2,961
Other creditors 3,197 4,242
7,559 7,234
5 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 3,018 4,066
6 Other information
Fife Electrical Services Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
9 Mcintosh Place
Kirkcaldy
Fife
KY2 6RB
Fife Electrical Services Ltd SC753712 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2025 N Ross No description of principal activity SC753712 2022-12-22 2023-12-31 SC753712 core:WithinOneYear 2023-12-31 SC753712 core:AfterOneYear 2023-12-31 SC753712 core:ShareCapital 2023-12-31 SC753712 core:RetainedEarningsAccumulatedLosses 2023-12-31 SC753712 2024-01-01 2024-12-31 SC753712 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 SC753712 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 SC753712 bus:Director40 2024-01-01 2024-12-31 SC753712 2 2024-01-01 2024-12-31 SC753712 countries:England 2024-01-01 2024-12-31 SC753712 bus:FRS102 2024-01-01 2024-12-31 SC753712 bus:FilletedAccounts 2024-01-01 2024-12-31 SC753712 2024-12-31 SC753712 core:WithinOneYear 2024-12-31 SC753712 core:AfterOneYear 2024-12-31 SC753712 core:ShareCapital 2024-12-31 SC753712 core:RetainedEarningsAccumulatedLosses 2024-12-31 SC753712 2023-12-31 iso4217:GBP xbrli:pure