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REGISTERED NUMBER: SC257110 (Scotland)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

ALAN MEARNS ELECTRICAL LIMITED

ALAN MEARNS ELECTRICAL LIMITED (REGISTERED NUMBER: SC257110)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALAN MEARNS ELECTRICAL LIMITED

Company Information
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: A A Mearns
Mrs V L Mearns





REGISTERED OFFICE: First Floor, 5 Abercrombie Court
Prospect Road
Arnhall Business Park
WEsthill
Grampian
AB32 6FE





REGISTERED NUMBER: SC257110 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

ALAN MEARNS ELECTRICAL LIMITED (REGISTERED NUMBER: SC257110)

Balance Sheet
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 220,345 232,510

CURRENT ASSETS
Stocks 9,618 8,305
Debtors 5 25,116 8,149
Cash at bank 5 8,032
34,739 24,486
CREDITORS
Amounts falling due within one year 6 66,470 75,612
NET CURRENT LIABILITIES (31,731 ) (51,126 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

188,614

181,384

CREDITORS
Amounts falling due after more than one year 7 (14,995 ) (20,287 )

PROVISIONS FOR LIABILITIES 8 (7,320 ) (9,608 )
NET ASSETS 166,299 151,489

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 166,294 151,484
SHAREHOLDERS' FUNDS 166,299 151,489

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

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

The directors acknowledge their 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.

ALAN MEARNS ELECTRICAL LIMITED (REGISTERED NUMBER: SC257110)

Balance Sheet - continued
31 OCTOBER 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 Board of Directors and authorised for issue on 24 July 2025 and were signed on its behalf by:





A A Mearns - Director


ALAN MEARNS ELECTRICAL LIMITED (REGISTERED NUMBER: SC257110)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Alan Mearns Electrical 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.
Plant and machinery etc - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

ALAN MEARNS ELECTRICAL LIMITED (REGISTERED NUMBER: SC257110)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 181,289 88,935 117,852 9,382 397,458
Additions - - - 853 853
At 31 October 2024 181,289 88,935 117,852 10,235 398,311
DEPRECIATION
At 1 November 2023 - 70,495 85,469 8,984 164,948
Charge for year - 4,610 8,096 312 13,018
At 31 October 2024 - 75,105 93,565 9,296 177,966
NET BOOK VALUE
At 31 October 2024 181,289 13,830 24,287 939 220,345
At 31 October 2023 181,289 18,440 32,383 398 232,510

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 21,685 732
Other debtors 68 68
VAT 3,363 7,349
25,116 8,149

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 26,458 28,179
Hire purchase contracts 5,292 5,292
Trade creditors 27,362 38,676
Tax 17,326 8,156
Social security and other taxes (15,014 ) (6,736 )
Other creditors 2,223 419
Directors' current accounts 2,823 1,626
66,470 75,612

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Hire purchase contracts 14,995 20,287

ALAN MEARNS ELECTRICAL LIMITED (REGISTERED NUMBER: SC257110)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

8. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 7,320 9,608

Deferred
tax
£   
Balance at 1 November 2023 9,608
Provided during year (2,288 )
Balance at 31 October 2024 7,320