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REGISTERED NUMBER: SC220762 (Scotland)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

D Sykes (Electrical Contractors) Limited

D Sykes (Electrical Contractors) Limited (Registered number: SC220762)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D Sykes (Electrical Contractors) Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: D K W Sykes





SECRETARY: Ms L Sykes





REGISTERED OFFICE: 24 Bridge Road
Colinton
Edinburgh
EH13 0LQ





REGISTERED NUMBER: SC220762 (Scotland)





ACCOUNTANTS: Neil Nisbet & Co.
c/o Neil Nisbet & Co.
Thain House
226 Queensferry Road
Edinburgh
EH4 2BP

D Sykes (Electrical Contractors) Limited (Registered number: SC220762)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 193,004 192,045

CURRENT ASSETS
Stocks 1,250 1,000
Debtors 5 48,219 23,085
Cash at bank and in hand 63,896 85,063
113,365 109,148
CREDITORS
Amounts falling due within one year 6 89,688 93,662
NET CURRENT ASSETS 23,677 15,486
TOTAL ASSETS LESS CURRENT
LIABILITIES

216,681

207,531

CREDITORS
Amounts falling due after more than one year 7 (53,219 ) (63,062 )

PROVISIONS FOR LIABILITIES (31,850 ) (31,150 )
NET ASSETS 131,612 113,319

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 131,610 113,317
SHAREHOLDERS' FUNDS 131,612 113,319

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

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

D Sykes (Electrical Contractors) Limited (Registered number: SC220762)

Balance Sheet - continued
30 September 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 24 June 2025 and were signed by:





D K W Sykes - Director


D Sykes (Electrical Contractors) Limited (Registered number: SC220762)

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

1. STATUTORY INFORMATION

D Sykes (Electrical Contractors) 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 represents net invoiced sales of goods and services, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 20% 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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

D Sykes (Electrical Contractors) Limited (Registered number: SC220762)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 96,815 215,399 312,214
Additions - 81,643 81,643
Disposals - (81,587 ) (81,587 )
At 30 September 2024 96,815 215,455 312,270
DEPRECIATION
At 1 October 2023 29,305 90,864 120,169
Charge for year 1,936 36,975 38,911
Eliminated on disposal - (39,814 ) (39,814 )
At 30 September 2024 31,241 88,025 119,266
NET BOOK VALUE
At 30 September 2024 65,574 127,430 193,004
At 30 September 2023 67,510 124,535 192,045

D Sykes (Electrical Contractors) Limited (Registered number: SC220762)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023 144,358
Additions 79,911
Disposals (81,587 )
Transfer to ownership (22,837 )
At 30 September 2024 119,845
DEPRECIATION
At 1 October 2023 46,248
Charge for year 31,343
Eliminated on disposal (39,814 )
Transfer to ownership (13,483 )
At 30 September 2024 24,294
NET BOOK VALUE
At 30 September 2024 95,551
At 30 September 2023 98,110

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 17,215 7,085
Other debtors 31,004 16,000
48,219 23,085

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 16,527 14,023
Hire purchase contracts 14,083 16,919
Trade creditors 12,831 9,752
Taxation and social security 46,169 52,892
Other creditors 78 76
89,688 93,662

D Sykes (Electrical Contractors) Limited (Registered number: SC220762)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans 14,922 24,809
Hire purchase contracts 38,297 38,253
53,219 63,062

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

30.9.24 30.9.23
£    £   
D K W Sykes
Balance outstanding at start of year 16,000 -
Amounts advanced 31,000 16,000
Amounts repaid (16,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,000 16,000

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £37,903 (2023 - £48,818) were paid to the director .