REGISTERED NUMBER: SC453709 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 July 2025

for

D Murray Electrical Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D R Murray

Mrs E E Murray

REGISTERED OFFICE:

Murrwood

Rothienorman

Inverurie

Aberdeenshire

AB51 8XS

REGISTERED NUMBER:

SC453709 (Scotland)

ACCOUNTANTS:

SBP

Accountants

9 Carmelite Street

Banff

Aberdeenshire

AB45 1AF

FIXED ASSETS

Tangible assets

4

171,205

177,948

CURRENT ASSETS

Stocks

40,000

40,000

Debtors

5

116,587

105,047

Cash at bank

17,769

-

174,356

145,047

CREDITORS

Amounts falling due within one year

6

266,509

197,739

NET CURRENT LIABILITIES

(92,153

)

(52,692

)

TOTAL ASSETS LESS CURRENT LIABILITIES

79,052

125,256

CREDITORS

Amounts falling due after more than one year

7

(49,635

)

(71,877

)

PROVISIONS FOR LIABILITIES

(23,066

)

(19,644

)

NET ASSETS

6,351

33,735

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

6,251

33,635

SHAREHOLDERS' FUNDS

6,351

33,735

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2026 and were signed on its behalf by:

Mr D R Murray - Director

1.	STATUTORY INFORMATION

D Murray 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 represents amounts receivable for services provided in the normal course of business, net of discounts and VAT. Revenue is recognised to the extent that it is probable that economic benefit will flow to the company and when its value can be measured with a sufficient degree of certainty and reliability. All income is recognised in the accounting period to which it relates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

4% on cost

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Hire purchase and leasing commitments

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 7 (2024 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

£

£

£

COST

At 1 August 2024

67,270

18,634

36,352

Additions

-

2,145

6,898

At 31 July 2025

67,270

20,779

43,250

DEPRECIATION

At 1 August 2024

5,382

1,863

25,063

Charge for year

2,690

2,078

4,547

At 31 July 2025

8,072

3,941

29,610

NET BOOK VALUE

At 31 July 2025

59,198

16,838

13,640

At 31 July 2024

61,888

16,771

11,289

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 August 2024

2,817

178,121

1,993

305,187

Additions

-

20,972

-

30,015

At 31 July 2025

2,817

199,093

1,993

335,202

DEPRECIATION

At 1 August 2024

1,663

91,750

1,518

127,239

Charge for year

231

26,836

376

36,758

At 31 July 2025

1,894

118,586

1,894

163,997

NET BOOK VALUE

At 31 July 2025

923

80,507

99

171,205

At 31 July 2024

1,154

86,371

475

177,948

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 August 2024

125,040

Additions

19,750

Transfer to ownership

(21,000

)

At 31 July 2025

123,790

DEPRECIATION

At 1 August 2024

48,870

Charge for year

21,829

Transfer to ownership

(14,355

)

At 31 July 2025

56,344

NET BOOK VALUE

At 31 July 2025

67,446

At 31 July 2024

76,170

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

80,571

71,925

Amounts recoverable on contract

10,000

10,430

Other debtors

26,016

22,692

116,587

105,047

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

-

38,081

Hire purchase contracts

24,536

22,748

Trade creditors

100,801

85,171

Taxation and social security

59,004

31,509

Other creditors

82,168

20,230

266,509

197,739

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans

-

5,000

Hire purchase contracts

45,987

53,241

Other creditors

3,648

13,636

49,635

71,877

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr D R Murray.