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REGISTERED NUMBER: SC055794 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

JAMES MUNRO (ELECTRICAL) LIMITED

JAMES MUNRO (ELECTRICAL) LIMITED (REGISTERED NUMBER: SC055794) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Statement of Changes in Equity | 3 |

| Notes to the Financial Statements | 4 |

| JAMES MUNRO (ELECTRICAL) LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JANUARY 2025

| DIRECTOR: | J G Munro

| REGISTERED OFFICE: | 4D Heritage Court

| Fruin Avenue

| Newton Mearns

| Glasgow

| G77 6RG

| REGISTERED NUMBER: | SC055794 (Scotland)

| ACCOUNTANTS: | Donachie Chartered Accountants

| 2nd Floor

| Templeton House

| 62 Templeton Street

| Glasgow

| G40 1DA

JAMES MUNRO (ELECTRICAL) LIMITED (REGISTERED NUMBER: SC055794) |

BALANCE SHEET

31 JANUARY 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | - |  | 29,102 |  |

Investment property | 5 | 80,680 |  | - |  |

80,680 |  | 29,102 |  |

CURRENT ASSETS

Cash at bank | 46,147 |  | 79,759 |  |

CREDITORS

Amounts falling due within one year | 6 | 5,798 |  | 45,356 |  |

NET CURRENT ASSETS | 40,349 |  | 34,403 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 121,029 |  | 63,505 |  |

CAPITAL AND RESERVES

Called up share capital | 10,000 |  | 10,000 |  |

Fair value reserve | 7 | 22,055 |  | 22,055 |  |

Retained earnings | 7 | 88,974 |  | 31,450 |  |

SHAREHOLDERS' FUNDS | 121,029 |  | 63,505 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 14 October 2025 and were signed by:

J G Munro - Director

JAMES MUNRO (ELECTRICAL) LIMITED (REGISTERED NUMBER: SC055794) |

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JANUARY 2025

| Called up |  | Fair |

| share |  | Retained |  | value |  | Total

| capital |  | earnings |  | reserve |  | equity

£ | £ | £ | £ |

Balance at 1 February 2023 | - |  | 34,160 |  | 22,055 |  | 56,215 |  |

Changes in equity

Issue of share capital | 10,000 |  | - |  | - |  | 10,000 |  |

Dividends | - |  | (2,250 | ) | - |  | (2,250 | ) |

Total comprehensive loss | - |  | (460 | ) | - |  | (460 | ) |

Balance at 31 January 2024 | 10,000 |  | 31,450 |  | 22,055 |  | 63,505 |  |

Changes in equity

Dividends | - |  | (10,000 | ) | - |  | (10,000 | ) |

Total comprehensive income | - |  | 67,524 |  | - |  | 67,524 |  |

Balance at 31 January 2025 | 10,000 |  | 88,974 |  | 22,055 |  | 121,029 |  |

JAMES MUNRO (ELECTRICAL) LIMITED (REGISTERED NUMBER: SC055794) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1. | STATUTORY INFORMATION

| James Munro (Electrical) Limited 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover is measured at the fair value of the consideration received.

| Rental income is recognised when the company is entitled to receive income based on the contractual agreement in force.

| Tangible fixed assets

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

| Investment property

| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

| 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.

| Financial instruments

| Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement.

| Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

| An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated financial instrument.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

JAMES MUNRO (ELECTRICAL) LIMITED (REGISTERED NUMBER: SC055794) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | Plant and |  | and |  | Motor |

| property |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST OR VALUATION

| At 1 February 2024 | 80,680 |  | 13,577 |  | 9,182 |  | 10,149 |  | 113,588 |  |

| Disposals | - |  | (13,577 | ) | (9,182 | ) | - |  | (22,759 | ) |

| Transfer to investment property | (80,680 | ) | - |  | - |  | - |  | (80,680 | ) |

| At 31 January 2025 | - |  | - |  | - |  | 10,149 |  | 10,149 |  |

| DEPRECIATION

| At 1 February 2024 | 53,294 |  | 12,076 |  | 9,140 |  | 9,976 |  | 84,486 |  |

| Charge for year | - |  | 1,501 |  | 42 |  | 173 |  | 1,716 |  |

| Eliminated on disposal | - |  | (13,577 | ) | (9,182 | ) | - |  | (22,759 | ) |

| Revaluation adjustments | (53,294 | ) | - |  | - |  | - |  | (53,294 | ) |

| At 31 January 2025 | - |  | - |  | - |  | 10,149 |  | 10,149 |  |

| NET BOOK VALUE

| At 31 January 2025 | - |  | - |  | - |  | - |  | - |  |

| At 31 January 2024 | 27,386 |  | 1,501 |  | 42 |  | 173 |  | 29,102 |  |

| Cost or valuation at 31 January 2025 is represented by:

| Motor

| vehicles

£ |

| Cost | 10,149 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| Transfer from Freehold property | 80,680 |  |

| At 31 January 2025 | 80,680 |  |

| NET BOOK VALUE

| At 31 January 2025 | 80,680 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Corporation tax | 4,064 |  | 324 |  |

| Directors' current accounts | 234 |  | 44,332 |  |

| Accruals and deferred income | 1,500 |  | 700 |  |

5,798 |  | 45,356 |  |

JAMES MUNRO (ELECTRICAL) LIMITED (REGISTERED NUMBER: SC055794) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

7. | RESERVES

| Fair |

| Retained |  | value |

| earnings |  | reserve |  | Totals

£ | £ | £ |

| At 1 February 2024 | 31,450 |  | 22,055 |  | 53,505 |  |

| Profit for the year | 14,230 |  | 14,230 |  |

| Dividends | (10,000 | ) | (10,000 | ) |

| Investment property revaluation | - |  | 53,294 |  | 53,294 |  |

| Transfer from fair value reserve | 53,294 |  | (53,294 | ) | - |  |

| At 31 January 2025 | 88,974 |  | 22,055 |  | 111,029 |  |

8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025 | 2024 |

£ | £ |

| J G Munro

| Balance outstanding at start of year | (44,332 | ) | (44,332 | ) |

| Amounts advanced | 44,098 |  | - |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | (234 | ) | (44,332 | ) |

9. | RELATED PARTY DISCLOSURES

| During the year, total dividends of £10,000 (2024 - £2,250) were paid to the directors .