Midland Electrical Winding & Contracting (Scotland) Ltd

Registered number

SC229372

Unaudited Filleted Accounts

31 January 2025

Midland Electrical Winding & Contracting (Scotland) Ltd
Registered number:		SC229372
Balance Sheet
as at 31 January 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		309,326			275,150

Current assets
Stocks		47,121			73,252
Debtors	4	822,942			775,821
Cash at bank and in hand		102,273			126,402
		972,336			975,475

Creditors: amounts falling due within one year	5	(525,072)			(570,236)

Net current assets			447,264			405,239

Total assets less current liabilities			756,590			680,389

Creditors: amounts falling due after more than one year	6		(140,815)			(93,604)

Provisions for liabilities			(73,165)			(66,393)


Net assets			542,610			520,392

Capital and reserves
Called up share capital			1,000			1,000
Profit and loss account			541,610			519,392

Shareholders' funds			542,610			520,392

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




A C Stewart
Director
Approved by the board on 31 October 2025

Midland Electrical Winding & Contracting (Scotland) Ltd
Notes to the Accounts
for the year ended 31 January 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			over 10 years
	Fixtures, fittings, tools and equipment			over 5 years
	Vehicles			over 4 years

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					15		16


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 February 2024	60,290		233,323		366,663		660,276
	Additions	-		2,728		144,275		147,003
	Disposals	-		-		(60,290)		(60,290)
	At 31 January 2025	60,290		236,051		450,648		746,989

	Depreciation
	At 1 February 2024	60,290		139,160		185,676		385,126
	Charge for the year	-		9,831		74,088		83,919
	On disposals	-		-		(31,382)		(31,382)
	At 31 January 2025	60,290		148,991		228,382		437,663

	Net book value
	At 31 January 2025	-		87,060		222,266		309,326
	At 31 January 2024	-		94,163		180,987		275,150


4	Debtors					2025		2024
£							£

	Trade debtors					344,452		428,175
	Other debtors					478,490		347,646
						822,942		775,821


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					3,254		10,000
	Obligations under finance lease and hire purchase contracts					68,764		82,357
	Trade creditors					295,002		328,122
	Taxation and social security costs					52,272		78,197
	Other creditors					105,780		71,560
						525,072		570,236


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					-		3,653
	Obligations under finance lease and hire purchase contracts					140,815		89,951
						140,815		93,604


7	Other information

	Midland Electrical Winding & Contracting (Scotland) Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
	12 Inchyra Road
	Grangemouth
	Stirlingshire
	FK2 9XB