1 April 2024 v2025.37.2 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBPSC4244162024-04-012025-03-31SC4244162025-03-31SC4244162024-03-31SC424416core:WithinOneYear2025-03-31SC424416core:WithinOneYear2024-03-31SC424416core:AfterOneYear2025-03-31SC424416core:AfterOneYear2024-03-31SC424416core:ShareCapital2025-03-31SC424416core:ShareCapital2024-03-31SC424416core:RetainedEarningsAccumulatedLosses2025-03-31SC424416core:RetainedEarningsAccumulatedLosses2024-03-31SC424416bus:Director12024-04-012025-03-31SC424416core:OfficeEquipment2024-04-012025-03-31SC4244162023-04-012024-03-31SC424416core:PlantMachinery2024-04-01SC424416core:PlantMachinery2024-04-012025-03-31SC424416core:PlantMachinery2025-03-31SC424416core:PlantMachinery2024-03-31SC42441612024-04-012025-03-31SC424416countries:Scotland2024-04-012025-03-31SC424416bus:AuditExemptWithAccountantsReport2024-04-012025-03-31SC424416bus:PrivateLimitedCompanyLtd2024-04-012025-03-31SC424416bus:SmallEntities2024-04-012025-03-31SC424416bus:FullAccounts2024-04-012025-03-31
Company registration number:
SC424416
AAD Electrical Systems Limited
Unaudited Filleted Financial Statements for the year ended
31 March 2025
AAD Electrical Systems Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of AAD Electrical Systems Limited
Year ended
31 March 2025
As described on the statement of financial position, the Board of Directors of
AAD Electrical Systems Limited
are responsible for the preparation of the
financial statements
for the year ended
31 March 2025
, which comprise the income statement, statement of income and retained earnings, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
NKA Chartered Certified Accountants
4 Lynedoch Place
Glasgow
G3 6AB
United Kingdom
Date:
18 June 2025
AAD Electrical Systems Limited
Statement of Financial Position
31 March 2025
20252024
Note££
Fixed assets    
Tangible assets 5
747
 
585
 
Current assets    
Stocks
100
 
200
 
Debtors 6
6,030
 
8,091
 
Cash at bank and in hand
(3,122
)
(2,490
)
3,008
 
5,801
 
Creditors: amounts falling due within one year 7
(3,034
)
(3,812
)
Net current (liabilities)/assets
(26
)
1,989
 
Total assets less current liabilities 721   2,574  
Creditors: amounts falling due after more than one year 8
(320
)
(2,240
)
Provisions for liabilities
(220
)
(220
)
Net assets
181
 
114
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
81
 
14
 
Shareholders funds
181
 
114
 
For the year ending
31 March 2025
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
18 June 2025
, and are signed on behalf of the board by:
Alan Davies
Director
Company registration number:
SC424416
AAD Electrical Systems Limited
Notes to the Financial Statements
Year ended
31 March 2025

1 General information

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
25% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2024:
1.00
).

5 Tangible assets

Plant and machinery etc.
£
Cost  
At
1 April 2024
2,108
 
Additions
411
 
At
31 March 2025
2,519
 
Depreciation  
At
1 April 2024
1,523
 
Charge
249
 
At
31 March 2025
1,772
 
Carrying amount  
At
31 March 2025
747
 
At 31 March 2024
585
 

6 Debtors

20252024
££
Other debtors
6,030
 
8,091
 

7 Creditors: amounts falling due within one year

20252024
££
Bank loans and overdrafts
1,920
 
1,920
 
Trade creditors -  
243
 
Taxation and social security
74
 
701
 
Other creditors
1,040
 
948
 
3,034
 
3,812
 

8 Creditors: amounts falling due after more than one year

20252024
££
Bank loans and overdrafts
320
 
2,240