REGISTERED NUMBER: SC262438 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

POWER DISTRIBUTION CONTRACTING LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S R Aitken

S Aitken

J Shanks

REGISTERED OFFICE:

8 Baird Avenue

Strutherhill Industrial Estate

Larkhall

ML9 2PJ

REGISTERED NUMBER:

SC262438 (Scotland)

ACCOUNTANTS:

McDaid & Partners

Stanley House

69/71 Hamilton Road

Motherwell

Lanarkshire

ML1 3DG

FIXED ASSETS

Tangible assets

4

106,857

113,546

CURRENT ASSETS

Stocks

63,308

25,406

Debtors

5

174,001

394,995

Cash at bank and in hand

273,502

158,850

510,811

579,251

CREDITORS

Amounts falling due within one year

6

450,284

289,986

NET CURRENT ASSETS

60,527

289,265

TOTAL ASSETS LESS CURRENT LIABILITIES

167,384

402,811

PROVISIONS FOR LIABILITIES

26,714

27,853

NET ASSETS

140,670

374,958

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

140,570

374,858

SHAREHOLDERS' FUNDS

140,670

374,958

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

S R Aitken - Director

S Aitken - Director

1.	STATUTORY INFORMATION

Power Distribution Contracting 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 stated net of VAT and trade discounts. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Tangible fixed assets

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

Plant & machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Office equipment

-

20% on reducing balance

Stocks

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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Basic financial instruments

Trade debtors

Trade debtors are amounts due from customers for goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors

Trade creditors are amounts due to suppliers for goods or services obtained in the ordinary course of business.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Cash

Cash and cash equivalents are basic financial assets and include cash on hand, deposits held at call with banks, other short-term liquid investments and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2024 - 21 ) .

4.	TANGIBLE FIXED ASSETS

Plant &

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 April 2024

16,687

273,296

18,633

308,616

Additions

-

16,705

1,276

17,981

At 31 March 2025

16,687

290,001

19,909

326,597

DEPRECIATION

At 1 April 2024

16,171

162,180

16,719

195,070

Charge for year

103

24,097

470

24,670

At 31 March 2025

16,274

186,277

17,189

219,740

NET BOOK VALUE

At 31 March 2025

413

103,724

2,720

106,857

At 31 March 2024

516

111,116

1,914

113,546

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

144,014

92,720

Other debtors

29,987

302,275

174,001

394,995

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

130,977

90,268

Taxation and social security

162,451

57,322

Other creditors

156,856

142,396

450,284

289,986

7.	SECURED DEBTS

Lloyds Tsb Commercial Finance Limited hold a bond and floating charge over undertaking and all property and assets present and future, including uncalled capital.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

R Aitken

Balance outstanding at start of year

(290,275

)

30,486

Amounts advanced

305,000

126

Amounts repaid

(14,232

)

(320,887

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

493

(290,275

)

S Aitken

Balance outstanding at start of year

(5,000

)

-

Amounts repaid

(4,500

)

(5,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(9,500

)

(5,000

)

S R Aitken

Balance outstanding at start of year

(5,000

)

-

Amounts repaid

(4,500

)

(5,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(9,500

)

(5,000

)

J Shanks

Balance outstanding at start of year

(2,000

)

-

Amounts repaid

(3,000

)

(2,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(5,000

)

(2,000

)

Loans to/from directors are interest free and repayable upon demand.

9.	RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption from the requirement to disclose transactions with wholly owned group companies.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party for the year to 31st March 2025 was Lanarkshire Electrical Services Ltd, whose registered office is 8 Baird Avenue, Strutherhill Industrial Estate, Larkhall, Scotland, ML9 2PJ.