REGISTERED NUMBER: SC372644 (Scotland)

Unaudited Financial Statements for the Year Ended 28th February 2025

for

David Ritchie Electrical Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

Director:

D Ritchie

Registered office:

Viewhill

Killen

Avoch

IV9 8RQ

Registered number:

SC372644 (Scotland)

Accountants:

Frame Kennedy

4th Floor Metropolitan House

31-33 High Street

Inverness

IV1 1HT

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of David Ritchie Electrical Ltd for the year ended 28th February 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the director of David Ritchie Electrical Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of David Ritchie Electrical Ltd and state those matters that we have agreed to state to the director of David Ritchie Electrical Ltd in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that David Ritchie Electrical Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of David Ritchie Electrical Ltd. You consider that David Ritchie Electrical Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of David Ritchie Electrical Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Frame Kennedy

4th Floor Metropolitan House

31-33 High Street

Inverness

IV1 1HT

10th November 2025

Fixed assets

Tangible assets

4

20,845

11,242

Current assets

Stocks

800

800

Debtors

5

17,875

42,429

Cash at bank

124,598

106,202

143,273

149,431

Creditors

Amounts falling due within one year

6

28,462

37,489

Net current assets

114,811

111,942

Total assets less current liabilities

135,656

123,184

Provisions for liabilities

3,960

2,538

Net assets

131,696

120,646

Capital and reserves

Called up share capital

100

100

Retained earnings

131,596

120,546

131,696

120,646

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10th November 2025 and were signed by:

D Ritchie - Director

1.	Statutory information

David Ritchie Electrical Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Fair value

Fair value is the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties in an arm's length transaction.

3.	Employees and directors

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

4.	Tangible fixed assets

Plant and

Motor

machinery

vehicles

Totals

£

£

£

Cost

At 1st March 2024

8,226

22,200

30,426

Additions

674

25,242

25,916

Disposals

-

(22,200

)

(22,200

)

At 28th February 2025

8,900

25,242

34,142

Depreciation

At 1st March 2024

6,349

12,835

19,184

Charge for year

638

6,310

6,948

Eliminated on disposal

-

(12,835

)

(12,835

)

At 28th February 2025

6,987

6,310

13,297

Net book value

At 28th February 2025

1,913

18,932

20,845

At 29th February 2024

1,877

9,365

11,242

5.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

14,992

32,550

Other debtors

2,883

9,879

17,875

42,429

6.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

1,646

4,466

Taxation and social security

14,060

31,423

Other creditors

12,756

1,600

28,462

37,489

7.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 28th February 2025 and 29th February 2024:

2025

2024

£

£

D Ritchie

Balance outstanding at start of year

2,332

15,753

Amounts advanced

40,000

40,000

Amounts repaid

(51,289

)

(53,421

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(8,957

)

2,332