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REGISTERED NUMBER: SC201663 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

J & M ELECTRICAL (ABERDEEN) LTD.

J & M ELECTRICAL (ABERDEEN) LTD. (REGISTERED NUMBER: SC201663)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


J & M ELECTRICAL (ABERDEEN) LTD.

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTOR: J A Robertson





REGISTERED OFFICE: 40 Walker Road
Torry
Aberdeen
Aberdeenshire
AB11 8BJ





REGISTERED NUMBER: SC201663 (Scotland)





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

J & M ELECTRICAL (ABERDEEN) LTD. (REGISTERED NUMBER: SC201663)

Balance Sheet
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 171,392 182,326
171,393 182,327

CURRENT ASSETS
Stocks 250 250
Debtors 6 130,608 91,603
Cash at bank and in hand 70,433 113,537
201,291 205,390
CREDITORS
Amounts falling due within one year 7 87,979 46,147
NET CURRENT ASSETS 113,312 159,243
TOTAL ASSETS LESS CURRENT
LIABILITIES

284,705

341,570

CREDITORS
Amounts falling due after more than one year 8 (10,270 ) (15,010 )

PROVISIONS FOR LIABILITIES 10 (2,331 ) (3,539 )
NET ASSETS 272,104 323,021

CAPITAL AND RESERVES
Called up share capital 11 10,000 10,000
Retained earnings 262,104 313,021
SHAREHOLDERS' FUNDS 272,104 323,021

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

J & M ELECTRICAL (ABERDEEN) LTD. (REGISTERED NUMBER: SC201663)

Balance Sheet - continued
31 DECEMBER 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 19 August 2025 and were signed by:





J A Robertson - Director


J & M ELECTRICAL (ABERDEEN) LTD. (REGISTERED NUMBER: SC201663)

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

1. STATUTORY INFORMATION

J & M Electrical (Aberdeen) Ltd. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

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.


J & M ELECTRICAL (ABERDEEN) LTD. (REGISTERED NUMBER: SC201663)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 1
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1

J & M ELECTRICAL (ABERDEEN) LTD. (REGISTERED NUMBER: SC201663)

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

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 January 2024
and 31 December 2024 215,390 13,476 1,589
DEPRECIATION
At 1 January 2024 61,386 3,780 998
Charge for year 4,308 270 176
At 31 December 2024 65,694 4,050 1,174
NET BOOK VALUE
At 31 December 2024 149,696 9,426 415
At 31 December 2023 154,004 9,696 591

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024
and 31 December 2024 2,885 53,660 2,469 289,469
DEPRECIATION
At 1 January 2024 2,882 36,683 1,414 107,143
Charge for year - 5,659 521 10,934
At 31 December 2024 2,882 42,342 1,935 118,077
NET BOOK VALUE
At 31 December 2024 3 11,318 534 171,392
At 31 December 2023 3 16,977 1,055 182,326

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 2,028 7,435
Other debtors 1,500 1,500
Tax 5,955 -
VAT 11,337 3,617
Prepayments and accrued income 109,788 79,051
130,608 91,603

J & M ELECTRICAL (ABERDEEN) LTD. (REGISTERED NUMBER: SC201663)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 3,116 -
Other loans 4,740 6,203
Trade creditors 64,127 17,843
Tax 39 6,773
Social security and other taxes 11,823 12,355
Other creditors 429 -
Directors' current accounts 265 260
Accrued expenses 3,440 2,713
87,979 46,147

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Other loans - 2-5 years 10,270 15,010

9. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank overdraft 3,116 -

A bond and Floating Charge was created on 17th February 2000 over the whole assets of the company.

10. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 2,331 3,539

Deferred
tax
£   
Balance at 1 January 2024 3,539
Movement in year (1,208 )
Balance at 31 December 2024 2,331

J & M ELECTRICAL (ABERDEEN) LTD. (REGISTERED NUMBER: SC201663)

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

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
10,000 Ordinary £1 10,000 10,000