REGISTERED NUMBER: SC181795 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2025

FOR

SHAWS ELECTRICAL ENGINEERS LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr W Shaw

Mr A Shaw

SECRETARY:

Mrs M Shaw

REGISTERED OFFICE:

47 Crow Wood Road

Muirhead

GLASGOW

G69 9BU

REGISTERED NUMBER:

SC181795 (Scotland)

ACCOUNTANT:

John Murphy & Company (Scotland) Limited

Chartered Accountants

Castle Chambers

67 Main Street

Bothwell

Lanarkshire

G71 8ER

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

59,247

78,380

59,247

78,380

CURRENT ASSETS

Stocks

6

38,110

54,710

Debtors

7

95,076

100,035

Cash at bank

234,103

202,126

367,289

356,871

CREDITORS

Amounts falling due within one year

8

115,104

105,225

NET CURRENT ASSETS

252,185

251,646

TOTAL ASSETS LESS CURRENT LIABILITIES

311,432

330,026

PROVISIONS FOR LIABILITIES

9

14,812

19,563

NET ASSETS

296,620

310,463

CAPITAL AND RESERVES

Called up share capital

75,002

75,002

Retained earnings

221,618

235,461

SHAREHOLDERS' FUNDS

296,620

310,463

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 31 December 2025 and were signed on its behalf by:

Mr W Shaw - Director

1.	STATUTORY INFORMATION

Shaws Electrical Engineers 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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1998, has been fully amortised over its estimated useful life of 4 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

-

15% on reducing balance

Motor vehicles

-

25% 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.

Hire purchase and leasing contracts

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 June 2024

and 31 May 2025

20,000

AMORTISATION

At 1 June 2024

and 31 May 2025

20,000

NET BOOK VALUE

At 31 May 2025

-

At 31 May 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 June 2024

13,607

93,405

107,012

Additions

499

-

499

At 31 May 2025

14,106

93,405

107,511

DEPRECIATION

At 1 June 2024

12,162

16,470

28,632

Charge for year

398

19,234

19,632

At 31 May 2025

12,560

35,704

48,264

NET BOOK VALUE

At 31 May 2025

1,546

57,701

59,247

At 31 May 2024

1,445

76,935

78,380

6.

STOCKS

31.5.25

31.5.24

£

£

Stock

2,250

2,250

Work in progress

35,860

52,460

38,110

54,710

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade debtors

93,800

97,874

Prepayments

1,276

2,161

95,076

100,035

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.5.25

31.5.24

£

£

Trade creditors

45,019

12,702

Corporation tax

32,703

28,343

Payroll taxation

492

1,867

Pension fund control

4,995

5,654

VAT

4,526

1,111

Directors' current accounts

18,894

47,245

Accrued charges

8,475

8,303

115,104

105,225

9.	PROVISIONS FOR LIABILITIES

31.5.25

31.5.24

£

£

Deferred tax

14,812

19,563

Deferred

tax

£

Balance at 1 June 2024

19,563

Provided during year

(4,751

)

Balance at 31 May 2025

14,812

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr W Shaw.