STEVEN GAIN ELECTRICAL LIMITED

STEVEN GAIN ELECTRICAL LIMITED

Statement of Financial Position

As at 31 January 2025

	£	2025 £	£	2024 £
Fixed assets		10,704		13,800
Current assets	5,900		10,742
Creditors: amount falling due within one year	(6,446)		(13,018)
Net current assets/(liabilities)		(546)		(2,276)
Total assets less current liabilities		10,158		11,524
Creditors: amount falling due after more than one year		(9,353)		(11,942)
Net assets/(liabilities)		805		(418)


Capital and reserves		805		(418)

For the year ended 31 January 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 of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:

----------------------------------
Steven Gain
Director

Date approved: 29 October 2025

STEVEN GAIN ELECTRICAL LIMITED

Notes to the Accounts

For the year ended 31 January 2025

Statutory Information

STEVEN GAIN ELECTRICAL LIMITED is a private limited company, limited by shares, domiciled in Scotland, registration number SC685232, registration address 26 Carlaverock Grove, Tranent, Scotland, EH33 2EB.

The presentation currency is £ sterling.

Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery	20% Straight Line
Motor Vehicles	20% Reducing Balance

Tangible fixed assets

Cost or Valuation	Plant and Machinery	Motor Vehicles	Total
	£	£	£
At 01 February 2024	1,161	19,204	20,365
Additions	1,670	-	1,670
At 31 January 2025	2,831	19,204	22,035
Depreciation
At 01 February 2024	526	6,039	6,565
Charge for year	461	4,305	4,766
At 31 January 2025	987	10,344	11,331
Net book values
Closing balance as at 31 January 2025	1,844	8,860	10,704
Opening balance as at 01 February 2024	635	13,165	13,800

3.	Average number of employees Average number of employees during the year was 1 (2024: 1).