CBS Electrical Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC553471 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

CBS Electrical Services Limited

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

7,009

10,506

CURRENT ASSETS

Debtors

5

1,069

1,335

Cash at bank

35,313

42,657

36,382

43,992

CREDITORS

Amounts falling due within one year

6

(15,339

)

(11,705

)

NET CURRENT ASSETS

21,043

32,287

TOTAL ASSETS LESS CURRENT
LIABILITIES

28,052

42,793

PROVISIONS FOR LIABILITIES

(1,331

)

(2,551

)

NET ASSETS

26,721

40,242

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

26,720

40,241

SHAREHOLDERS' FUNDS

26,721

40,242

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 25 September 2025 and were signed by:

Mr C I Shanks - Director

1.	STATUTORY INFORMATION

CBS Electrical Services Limited is a private company, limited by shares, domiciled in Scotland, registration number SC553471. The registered office is 39 Ingelston Avenue, Dunipace, Stirlingshire, FK6 6QW.

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 represents net invoiced sales of goods and services in respect of electrical contracting and contract management services excluding value added tax. Sales are recognised at the point at which the goods are transferred and the service is complete.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

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.

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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1 January 2024

1,659

7,528

7,195

6,734

23,116

Additions

-

834

At 31 December 2024

1,659

7,528

7,195

7,568

23,950

DEPRECIATION

At 1 January 2024

1,659

3,118

4,806

3,027

12,610

Charge for year

-

1,882

597

1,852

4,331

At 31 December 2024

1,659

5,000

5,403

4,879

16,941

NET BOOK VALUE

At 31 December 2024

-

2,528

1,792

2,689

7,009

At 31 December 2023

-

4,410

2,389

3,707

10,506

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Directors' current accounts

1,069

1,335

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Tax

7,463

7,381

VAT

3,751

2,523

Other creditors

2,915

591

Accrued expenses

1,210

15,339

11,705

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the following amounts were advanced to director:-

C Shanks £1,069 (2023:- £1,335)