SC Electrical Contractors Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 07456354 (England and Wales)

Unaudited Financial Statements For The Year Ended 31 December 2024

for

SC Electrical Contractors Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S Caird

REGISTERED OFFICE:

Mill House

58 Guildford Street

Chertsey

Surrey

KT16 9BE

REGISTERED NUMBER:

07456354 (England and Wales)

ACCOUNTANTS:

Fuller Spurling

Mill House

58 Guildford Street

Chertsey

Surrey

KT16 9BE

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

3,703

419

3,703

419

CURRENT ASSETS

Stocks

1,000

Debtors

6

79,146

52,258

Cash at bank and in hand

26,769

17,600

106,915

70,858

CREDITORS

Amounts falling due within one year

7

177,362

128,812

NET CURRENT LIABILITIES

(70,447

)

(57,954

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(66,744

)

(57,535

)

CREDITORS

Amounts falling due after more than one
year

8

3,161

13,186

NET LIABILITIES

(69,905

)

(70,721

)

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

10

(70,005

)

(70,821

)

SHAREHOLDERS' FUNDS

(69,905

)

(70,721

)

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.

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 26 September 2025 and were signed by:

S Caird - Director

1.	STATUTORY INFORMATION

SC Electrical Contractors Ltd is a private company, limited by shares , registered in England and Wales. 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.

The financial statements have been prepared on the basis of the company continuing as a going concern for the foreseeable future, for which reliance is placed on the continued support of the director.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and is recognised as electrical services are provided.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2011, is being amortised evenly over its estimated useful life of ten years.

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.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

Stocks

Stock are stated at the lower of cost and estimated selling price less cost to complete sale.

Taxation

Taxation represents the sum of tax currently payable, and deferred tax if material.

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, where material, is recognised on all 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. 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.

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.

Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand

Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors

Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

8,000

AMORTISATION

At 1 January 2024

and 31 December 2024

8,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 January 2024

1,638

5,540

-

559

7,737

Additions

-

3,460

-

3,460

At 31 December 2024

1,638

5,540

3,460

559

11,197

DEPRECIATION

At 1 January 2024

1,638

5,540

-

140

7,318

Charge for year

-

37

139

176

At 31 December 2024

1,638

5,540

37

279

7,494

NET BOOK VALUE

At 31 December 2024

-

3,423

280

3,703

At 31 December 2023

-

419

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

33,672

21,258

Directors' current accounts

16,544

16,682

Tax

8,455

VAT

20,475

5,863

79,146

52,258

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Bank loans and overdrafts

10,000

Trade creditors

154,196

95,345

Social security and other taxes

9,661

7,389

Other creditors

1,125

13,698

Accrued expenses

2,380

177,362

128,812

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.12.24

31.12.23

£

Bank loans

3,161

13,186

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.24

31.12.23

value:

£

100

Ordinary

£1

100

10.

RESERVES

Retained

earnings

£

At 1 January 2024

(70,821

)

Profit for the year

816

At 31 December 2024

(70,005

)

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24

31.12.23

£

S Caird

Balance outstanding at start of year

16,682

29,332

Amounts repaid

(138

)

(12,650

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

16,544

16,682

The above balance is unsecured with interest and repayable on demand.