Universal Electrical Supplies Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC174238

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		9,950		13,500

			9,950		13,500
CURRENT ASSETS
Stocks	6	62,355		88,840
Debtors	7	158,575		242,279
Cash at bank and in hand		18,012		8,769

		238,942		339,888
Creditors: Amounts Falling Due Within One Year	8	(102,685 )		(161,551 )

NET CURRENT ASSETS (LIABILITIES)			136,257		178,337

TOTAL ASSETS LESS CURRENT LIABILITIES			146,207		191,837

Creditors: Amounts Falling Due After More Than One Year	9		(12,935 )		-

NET ASSETS			133,272		191,837

CAPITAL AND RESERVES
Called up share capital	10		35,000		35,000
Profit and Loss Account			98,272		156,837

SHAREHOLDERS' FUNDS			133,272		191,837

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Universal Electrical Supplies Limited

Balance Sheet (continued)

As At 31 May 2025

For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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

The director acknowledges his 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 Thomas Lorimer

Director

23/08/2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Universal Electrical Supplies Limited is a private company, limited by shares, incorporated in Scotland, registered number SC174238 . The registered office is Unit 3 South Elgin Place, Clydebank, G81 1XP.

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. 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 the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

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.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

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:

Freehold	25% Reducing Balance
Plant & Machinery	15% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	25% Reducing Balance

2.5. 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.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 8 (2024: 12)

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Universal Electrical Supplies Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 June 2024	40,000

As at 31 May 2025	40,000

Amortisation
As at 1 June 2024	40,000

As at 31 May 2025	40,000

Net Book Value
As at 31 May 2025	-

As at 1 June 2024	-

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 June 2024	3,135	17,388	73,960	4,533	99,016

As at 31 May 2025	3,135	17,388	73,960	4,533	99,016

Depreciation
As at 1 June 2024	3,135	16,488	61,360	4,533	85,516
Provided during the period	-	200	3,350	-	3,550

As at 31 May 2025	3,135	16,688	64,710	4,533	89,066

Net Book Value
As at 31 May 2025	-	700	9,250	-	9,950

As at 1 June 2024	-	900	12,600	-	13,500

6. Stocks

	2025	2024
	£	£
Stock	62,355	88,840

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	100,645	179,349
Other debtors	57,930	62,930

	158,575	242,279

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Universal Electrical Supplies Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 May 2025

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	96,539	149,967
Other creditors	1,900	1,900
Taxation and social security	4,246	9,684

	102,685	161,551

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

	2025	2024
	£	£
Bank loans	12,935	-

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	35,000	35,000

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