Eycon Electrical Limited

	Page
Accountant's Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—7

Report to the directors on the preparation of the unaudited statutory accounts of Eycon Electrical Limited for the year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Eycon Electrical Limited for the year ended 31 March 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company's accounting records and from information and explanations you have given to us.

As a practising member of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020.

This report is made solely to the directors of Eycon Electrical Limited , as a body, in accordance with the terms of our engagement letter dated 01 April 2021. Our work has been undertaken solely to prepare for your approval the accounts of Eycon Electrical Limited and state those matters that we have agreed to state to the directors of Eycon Electrical Limited , as a body, in this report in accordance with the requirements of the ICAS as detailed at https://www.icas.com/regulation-technical-resources/documents/framework-for-the-preparation-of-accounts-revised-june-2020. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Eycon Electrical Limited and its directors, as a body, for our work or for this report.

It is your duty to ensure that Eycon Electrical Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Eycon Electrical Limited . You consider that Eycon Electrical Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Eycon Electrical Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Signed

2 September 2025

Glen Drummond Ltd

Chartered Accountants

Argyll House

Quarrywood Court

Livingston

EH54 6AX

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Eycon Electrical Limited

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: SC693879

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		41,919		9,852

			41,919		9,852
CURRENT ASSETS
Stocks	5	75,070		-
Debtors	6	87,719		28,650
Cash at bank and in hand		32,945		103,486

		195,734		132,136
Creditors: Amounts Falling Due Within One Year	7	(153,625 )		(103,526 )

NET CURRENT ASSETS (LIABILITIES)			42,109		28,610

TOTAL ASSETS LESS CURRENT LIABILITIES			84,028		38,462

Creditors: Amounts Falling Due After More Than One Year	8		(30,717 )		(9,861 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(8,001 )		(1,781 )

NET ASSETS			45,310		26,820

CAPITAL AND RESERVES
Called up share capital	11		100		100
Profit and Loss Account			45,210		26,720

SHAREHOLDERS' FUNDS			45,310		26,820

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Eycon Electrical Limited

Balance Sheet (continued)

As At 31 March 2025

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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr S Eynon

Director

2 September 2025

The notes on pages 4 to 7 form part of these financial statements.

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Eycon Electrical Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Eycon Electrical Limited is a private company, limited by shares, incorporated in Scotland, registered number SC693879 . The registered office is 6 Barrie Road, Hillington Park, Glasgow, G52 4PX.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from from electric installation. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% straight line
Motor Vehicles	25% reducing balance

2.5. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.6. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.7. Financial Instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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Eycon Electrical Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2024: 11)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 April 2024	718	16,495	17,213
Additions	-	35,264	35,264

As at 31 March 2025	718	51,759	52,477

Depreciation
As at 1 April 2024	144	7,217	7,361
Provided during the period	143	3,054	3,197

As at 31 March 2025	287	10,271	10,558

Net Book Value
As at 31 March 2025	431	41,488	41,919

As at 1 April 2024	574	9,278	9,852

5. Stocks

	2025	2024
	£	£
Work in progress	75,070	-

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Eycon Electrical Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	61,707	10,365
Other debtors	26,012	18,285

	87,719	28,650

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	8,618	3,480
Trade creditors	110,498	45,112
Other creditors	20,204	45,804
Taxation and social security	14,305	9,130

	153,625	103,526

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Net obligations under finance lease and hire purchase contracts	30,717	9,861

9. Secured Creditors

Of the creditors the following amounts are secured.

The finance lease/hire purchase liabilities are secured over the assets concerned.

	2025		2024
	£		£
Net obligations under finance lease and hire purchase contracts	39,335		13,342

10. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	8,618	3,480
Later than one year and not later than five years	30,717	9,861

	39,335	13,341

	39,335	13,341

11. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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Eycon Electrical Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

12. Related Party Disclosures

The company operates a loan account with the director, Mr D Graham.

At the year end, the balance due from the director was £40 (2024 - £40). This loan is unsecured, interest free and has no fixed repayment terms.

The company operates a loan account with Eycon Ltd, a company controlled by Mr S Eynon & Mrs M Eynon.

During the year, the company sold goods and services totalling £633,510 (2024 - £603,290) to Eycon Ltd and purchased goods and services totalling £NIL (2024 - £8,568) from Eycon Ltd. This was conducted under normal commercial terms. At the year end, the balance due to Eycon Ltd was £17,497 (2043 - £38,508). This loan is unsecured, interest free and has no fixed repayment terms.

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