Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-12-01falseNo description of principal activity99truetruefalse SC204738 2023-12-01 2024-11-30 SC204738 2022-12-01 2023-11-30 SC204738 2024-11-30 SC204738 2023-11-30 SC204738 c:CompanySecretary1 2023-12-01 2024-11-30 SC204738 c:Director1 2023-12-01 2024-11-30 SC204738 c:Director2 2023-12-01 2024-11-30 SC204738 c:RegisteredOffice 2023-12-01 2024-11-30 SC204738 d:Buildings 2024-11-30 SC204738 d:Buildings 2023-11-30 SC204738 d:Buildings d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 SC204738 d:PlantMachinery 2023-12-01 2024-11-30 SC204738 d:PlantMachinery 2024-11-30 SC204738 d:PlantMachinery 2023-11-30 SC204738 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 SC204738 d:MotorVehicles 2023-12-01 2024-11-30 SC204738 d:MotorVehicles 2024-11-30 SC204738 d:MotorVehicles 2023-11-30 SC204738 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 SC204738 d:OfficeEquipment 2023-12-01 2024-11-30 SC204738 d:OfficeEquipment 2024-11-30 SC204738 d:OfficeEquipment 2023-11-30 SC204738 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 SC204738 d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 SC204738 d:CurrentFinancialInstruments 2024-11-30 SC204738 d:CurrentFinancialInstruments 2023-11-30 SC204738 d:Non-currentFinancialInstruments 2024-11-30 SC204738 d:Non-currentFinancialInstruments 2023-11-30 SC204738 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 SC204738 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 SC204738 d:Non-currentFinancialInstruments d:AfterOneYear 2024-11-30 SC204738 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 SC204738 d:ShareCapital 2024-11-30 SC204738 d:ShareCapital 2023-11-30 SC204738 d:RetainedEarningsAccumulatedLosses 2024-11-30 SC204738 d:RetainedEarningsAccumulatedLosses 2023-11-30 SC204738 c:OrdinaryShareClass1 2023-12-01 2024-11-30 SC204738 c:OrdinaryShareClass1 2024-11-30 SC204738 c:OrdinaryShareClass1 2023-11-30 SC204738 c:FRS102 2023-12-01 2024-11-30 SC204738 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 SC204738 c:FullAccounts 2023-12-01 2024-11-30 SC204738 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 SC204738 6 2023-12-01 2024-11-30 SC204738 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC204738










ADDISON ELECTRICAL LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

 
ADDISON ELECTRICAL LIMITED
 

COMPANY INFORMATION


DIRECTORS
Mr K Addison 
Mrs L Addison 




COMPANY SECRETARY
Mrs L Addison



REGISTERED NUMBER
SC204738



REGISTERED OFFICE
Westby
64 West High Street

Forfar

Angus

DD8 1BJ




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
ADDISON ELECTRICAL LIMITED
REGISTERED NUMBER: SC204738

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible fixed assets
  
859,937
884,901

Investments
 5 
10,000
10,000

  
869,937
894,901

CURRENT ASSETS
  

Stocks
  
96,877
166,877

Debtors: amounts falling due within one year
 6 
640,894
363,489

  
737,771
530,366

Creditors: amounts falling due within one year
 7 
(707,804)
(479,491)

NET CURRENT ASSETS
  
 
 
29,967
 
 
50,875

TOTAL ASSETS LESS CURRENT LIABILITIES
  
899,904
945,776

Creditors: amounts falling due after more than one year
 8 
(49,000)
(56,967)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(9,957)
-

  
 
 
(9,957)
 
 
-

NET ASSETS
  
840,947
888,809


CAPITAL AND RESERVES
  

Called up share capital 
 9 
10,000
10,000

Profit and loss account
  
830,947
878,809

  
840,947
888,809


Page 1

 
ADDISON ELECTRICAL LIMITED
REGISTERED NUMBER: SC204738

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 June 2025.




Mr K Addison
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
ADDISON ELECTRICAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


GENERAL INFORMATION

Addison Electrical Limited is a private company, limited by shares, incorporated in Scotland with registration number SC204738. The registered office is Westby, 64 West High Street, Forfar, Angus DD8 1BJ. The principal place of business is Fairwinds, 18 Silverhillock, Cornhill, Banff, Aberdeenshire AB45 2AY.
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the nearest £.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

PENSIONS

DEFINED CONTRIBUTION PENSION PLAN

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
ADDISON ELECTRICAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
12.5%
Motor vehicles
-
20.0%
Office equipment
-
25.0%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

No depreciation is charged on land and buildings.

Page 4

 
ADDISON ELECTRICAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.7

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 9 (2023 - 9).

Page 5

 
ADDISON ELECTRICAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

4.


TANGIBLE FIXED ASSETS





Land and buildings
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



COST OR VALUATION


At 1 December 2023
755,379
160,452
167,628
91,963
1,175,422



At 30 November 2024

755,379
160,452
167,628
91,963
1,175,422



DEPRECIATION


At 1 December 2023
-
137,304
77,040
76,177
290,521


Charge for the year on owned assets
-
2,897
18,117
3,950
24,964



At 30 November 2024

-
140,201
95,157
80,127
315,485



NET BOOK VALUE



At 30 November 2024
755,379
20,251
72,471
11,836
859,937



At 30 November 2023
755,379
23,148
90,588
15,786
884,901


5.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies

£



COST OR VALUATION


At 1 December 2023
10,000



At 30 November 2024
10,000





6.


DEBTORS

2024
2023
£
£


Trade debtors
257,415
(7,645)

Other debtors
382,513
361,601

Prepayments and accrued income
966
791

Deferred taxation
-
8,742

640,894
363,489


Page 6

 
ADDISON ELECTRICAL LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank overdrafts
159,794
98,840

Bank loans
8,566
10,917

Trade creditors
116,898
86,200

Amounts owed to group undertakings
344,030
196,434

Other taxation and social security
58,824
49,197

Obligations under finance lease and hire purchase contracts
4,262
19,428

Other creditors
3,069
7,140

Accruals and deferred income
12,361
11,335

707,804
479,491


Bank loans are secured by a bond and floating charge over the assets of the company.
Hire purchase liabilities are secured over the assets to which they relate.


8.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
49,000
54,116

Net obligations under finance leases and hire purchase contracts
-
2,851

49,000
56,967


Bank loans are secured by a bond and floating charge over the assets of the company.
Hire purchase liabilities are secured over the assets to which they relate.


9.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



10,000 (2023 - 10,000) Ordinary shares of £1.00 each
10,000
10,000



Page 7