REGISTERED NUMBER: SC125061 (Scotland)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

John Heaney (Electrical) Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

126,796

126,420

CURRENT ASSETS

Stocks

44,212

20,324

Debtors

5

1,290,886

907,858

Cash at bank and in hand

1,612,009

1,920,613

2,947,107

2,848,795

CREDITORS

Amounts falling due within one year

6

(1,511,703

)

(1,524,207

)

NET CURRENT ASSETS

1,435,404

1,324,588

TOTAL ASSETS LESS CURRENT LIABILITIES

1,562,200

1,451,008

PROVISIONS FOR LIABILITIES

(23,111

)

(18,745

)

NET ASSETS

1,539,089

1,432,263

CAPITAL AND RESERVES

Called up share capital

103,667

103,667

Share premium

88,513

88,513

Retained earnings

1,346,909

1,240,083

SHAREHOLDERS' FUNDS

1,539,089

1,432,263

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 30 April 2026 and were signed on its behalf by:

Mark Heaney - Director

1.	STATUTORY INFORMATION

John Heaney (Electrical) Limited is a private company, limited by shares, domiciled in Scotland, registration number SC125061. The registered office is 4 Cochrane Square, Brucefield Industry Park, Livingston, West Lothian EH54 9DR.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with group companies.

Turnover

The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.

In respect of long term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to stage of completion.

Tangible fixed assets and depreciation

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

Land and buildings

-

20% on cost

Plant and machinery etc

-

20% on cost

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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 commitments

Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the profit and loss account on a straight line basis.

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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

Operating lease agreements

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 62 (2024 - 62 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

103,245

180,624

283,869

Additions

-

49,938

49,938

At 31 December 2025

103,245

230,562

333,807

DEPRECIATION

At 1 January 2025

51,804

105,645

157,449

Charge for year

17,088

32,474

49,562

At 31 December 2025

68,892

138,119

207,011

NET BOOK VALUE

At 31 December 2025

34,353

92,443

126,796

At 31 December 2024

51,441

74,979

126,420

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

1,179,274

855,803

Other debtors

111,612

52,055

1,290,886

907,858

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

428,594

535,244

Taxation and social security

593,455

555,747

Other creditors

489,654

433,216

1,511,703

1,524,207

7.	ULTIMATE PARENT ENTITY

The ultimate parent entity is Heaney Holdings Limited.

Heaney Holdings Limited is registered in Scotland under registration number SC743454. The registered office is 4 Cochrane Square, Brucefield Industry Park, Livingston, West Lothian, Scotland, EH54 9DR.