Stevie Wight Electrical Ltd - Filleted accounts

Registered number

SC478159

Stevie Wight Electrical Ltd

Filleted Unaudited Accounts

31 August 2025

J T Rennie & Co

Accountants

5 Buccleuch Street

Dumfries

Stevie Wight Electrical Ltd
Registered number:		SC478159
Balance Sheet
as at 31 August 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		374,922			386,623

Current assets
Stocks		67,100			60,800
Debtors	4	284,121			268,541
Cash at bank and in hand		425,474			338,858
		776,695			668,199

Creditors: amounts falling due within one year	5	(464,444)			(387,185)

Net current assets			312,251			281,014

Total assets less current liabilities			687,173			667,637

Creditors: amounts falling due after more than one year	6		(204,424)			(245,840)

Provisions for liabilities			(31,733)			(31,733)


Net assets			451,016			390,064

Capital and reserves
Called up share capital			1			1
Profit and loss account			451,015			390,063

Shareholder's funds			451,016			390,064

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




S Wight
Director
Approved by the board on 28 May 2026

Stevie Wight Electrical Ltd
Notes to the Accounts
for the year ended 31 August 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery			20% reducing balance
	Motor Vehicles			20% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					16		21


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 September 2024	244,005		50,438		260,479		554,922
	Additions	-		4,383		37,995		42,378
	At 31 August 2025	244,005		54,821		298,474		597,300

	Depreciation
	At 1 September 2024	24,400		34,895		109,004		168,299
	Charge for the year	12,200		3,985		37,894		54,079
	At 31 August 2025	36,600		38,880		146,898		222,378

	Net book value
	At 31 August 2025	207,405		15,941		151,576		374,922
	At 31 August 2024	219,605		15,543		151,475		386,623


4	Debtors					2025		2024
£							£

	Trade debtors					54,668		49,353
	Other debtors					229,453		219,188
						284,121		268,541


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Bank loans and overdrafts					11,003		10,656
	Obligations under finance lease and hire purchase contracts					28,099		31,849
	Trade creditors					348,486		235,376
	Taxation and social security costs					37,721		61,234
	Other creditors					39,135		48,070
						464,444		387,185


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Bank loans					133,732		145,082
	Obligations under finance lease and hire purchase contracts					28,192		55,758
	Other creditors					42,500		45,000
						204,424		245,840


7	Loans					2025		2024
£							£
	Creditors include:

	Secured bank loans					115,568		121,015

	There is a floating charge in place relating to the purchase of business premises in 2023.


8	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Stevie Wight
	Directors loan	107,900		10,375		(21,296)		96,979

		107,900		10,375		(21,296)		96,979


9	Controlling party

	The company's ultimate controlling party is it's director, Mr S Wight, who holds all of the company's ordinary shares in issue.


10	Other information

	Stevie Wight Electrical Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
	Unit 14, The Warehouse
	Lochside Industrial Estate
	Irongray Road
	Dumfries
	DG2 0JE