REGISTERED NUMBER: SC272165 (Scotland)

Financial Statements for the Year Ended 31 August 2025

for

G Anderson Electrical Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

G D Anderson

Mrs J Anderson

SECRETARY:

Mrs J Anderson

REGISTERED OFFICE:

Haimer House

Haimer

Thurso

Caithness

KW14 8YN

REGISTERED NUMBER:

SC272165 (Scotland)

ACCOUNTANTS:

Reid & Fraser

Chartered Accountants

15 Princes Street

Thurso

Caithness

KW14 7BQ

FIXED ASSETS

Tangible assets

4

124,460

98,825

CURRENT ASSETS

Stocks

10,500

9,800

Debtors

5

363,244

453,409

Cash at bank

708,113

479,598

1,081,857

942,807

CREDITORS

Amounts falling due within one year

6

(232,588

)

(193,008

)

NET CURRENT ASSETS

849,269

749,799

TOTAL ASSETS LESS CURRENT LIABILITIES

973,729

848,624

PROVISIONS FOR LIABILITIES

(30,597

)

(23,648

)

NET ASSETS

943,132

824,976

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

943,032

824,876

SHAREHOLDERS' FUNDS

943,132

824,976

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 27 May 2026 and were signed on its behalf by:

Mrs J Anderson - Director

1.	STATUTORY INFORMATION

G Anderson 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 net invoiced sales of electrical installation services and materials together with contracting income, excluding value added tax. Turnover from contracts is recognised in accordance with the company's accounting policy on long term contracts.

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% reducing balance

Motor vehicles

-

25% reducing balance

Office equipment

-

20% reducing balance

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 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.

CONTRACT ACCOUNTING

When the outcome of a contract can be estimated reliably, revenue and costs are recognised by reference to the degree of completion of each contract. When the outcome cannot be estimated reliably, revenue is recognised to the extent of costs incurred where it is probable those costs will be recoverable.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Office

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 September 2024

50,083

184,934

8,295

243,312

Additions

19,822

39,155

2,062

61,039

Disposals

-

-

(1,517

)

(1,517

)

At 31 August 2025

69,905

224,089

8,840

302,834

DEPRECIATION

At 1 September 2024

21,092

119,179

4,216

144,487

Charge for year

7,320

26,229

1,071

34,620

Eliminated on disposal

-

-

(733

)

(733

)

At 31 August 2025

28,412

145,408

4,554

178,374

NET BOOK VALUE

At 31 August 2025

41,493

78,681

4,286

124,460

At 31 August 2024

28,991

65,755

4,079

98,825

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

363,244

437,947

Other debtors

-

15,462

363,244

453,409

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

86,433

69,656

Other creditors

146,155

123,352

232,588

193,008

Other creditors includes £139,302 (2024 - £119,922) in respect of taxation and social security.

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2025

2024

£

£

G D Anderson and Mrs J Anderson

Balance outstanding at start of year

15,463

-

Amounts advanced

-

15,463

Amounts repaid

(15,463

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

15,463