Central Scotland Electrical Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: SC528359 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Central Scotland Electrical Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Report of the Accountant

5

DIRECTOR:

Mr I Beattie

REGISTERED OFFICE:

15 Parkmanor Green

Glasgow

G53 7ZE

REGISTERED NUMBER:

SC528359 (Scotland)

ACCOUNTANT:

Braehead Accountants & Taxation Services Ltd

Unit 4

Station Road Ind Estate

Station Crescent

Renfrew

Renfrewshire

PA4 8RA

BANKERS:

Barclays Bank Plc

83 Argyll Street

Glasgow

G2 8BJ

FIXED ASSETS

Tangible assets

4

11,242

14,341

CURRENT ASSETS

Debtors

5

19,950

17,951

Cash at bank

107

29,985

20,057

47,936

CREDITORS

Amounts falling due within one year

6

43,893

59,285

NET CURRENT LIABILITIES

(23,836

)

(11,349

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(12,594

)

2,992

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

(12,595

)

2,991

(12,594

)

2,992

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 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 31 December 2025 and were signed by:

Mr I Beattie - Director

1.	STATUTORY INFORMATION

Central Scotland 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.

Office Equipment

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Office

Motor

Equipment

vehicles

Totals

£

COST

At 1 April 2024

and 31 March 2025

3,791

22,180

25,971

DEPRECIATION

At 1 April 2024

950

10,680

11,630

Charge for year

499

2,600

3,099

At 31 March 2025

1,449

13,280

14,729

NET BOOK VALUE

At 31 March 2025

2,342

8,900

11,242

At 31 March 2024

2,841

11,500

14,341

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Sundry debtors

1,175

Directors' current accounts

3,481

3,482

VAT

12,620

10,620

Prepayments and accrued income

2,674

19,950

17,951

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

27,910

38,301

Other creditors

3,000

Tax

9,583

14,583

Accruals and deferred income

3,400

3,401

43,893

59,285

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

31.3.25

31.3.24

£

Mr I Beattie

Balance outstanding at start of year

20,369

-

Amounts advanced

-

20,369

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

20,369

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me.

Braehead Accountants & Taxation Services Ltd

Unit 4

Station Road Ind Estate

Station Crescent

Renfrew

Renfrewshire

PA4 8RA

Date: .............................................