James Munro (Electrical) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC055794 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026

FOR

JAMES MUNRO (ELECTRICAL) LIMITED

Page

Company Information

1

Balance Sheet

2

Statement of Changes in Equity

3

Notes to the Financial Statements

4

DIRECTOR:

J G Munro

REGISTERED OFFICE:

4D Heritage Court

Fruin Avenue

Newton Mearns

Glasgow

G77 6RG

REGISTERED NUMBER:

SC055794 (Scotland)

ACCOUNTANTS:

Donachie Chartered Accountants

2nd Floor

Templeton House

62 Templeton Street

Glasgow

G40 1DA

FIXED ASSETS

Tangible assets

4

-

Investment property

5

80,680

CURRENT ASSETS

Cash at bank

49,814

46,147

CREDITORS

Amounts falling due within one year

6

5,272

5,798

NET CURRENT ASSETS

44,542

40,349

TOTAL ASSETS LESS CURRENT LIABILITIES

125,222

121,029

CAPITAL AND RESERVES

Called up share capital

10,000

Fair value reserve

7

22,055

Retained earnings

7

93,167

88,974

SHAREHOLDERS' FUNDS

125,222

121,029

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 2 July 2026 and were signed by:

J G Munro - Director

Called up

Fair

share

Retained

value

Total

capital

earnings

reserve

equity

£

Balance at 1 February 2024

10,000

31,450

22,055

63,505

Changes in equity

Dividends

-

(10,000

)

-

(10,000

)

Total comprehensive income

-

67,524

-

67,524

Balance at 31 January 2025

10,000

88,974

22,055

121,029

Changes in equity

Dividends

-

(11,900

)

-

(11,900

)

Total comprehensive income

-

16,093

-

16,093

Balance at 31 January 2026

10,000

93,167

22,055

125,222

1.	STATUTORY INFORMATION

James Munro (Electrical) Limited 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 is measured at the fair value of the consideration received.

Rental income is recognised when the company is entitled to receive income based on the contractual agreement in force.

Tangible fixed assets

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Financial instruments

Financial instruments are classified and accounted for as financial assets, financial liabilities or equity instruments, according to the substance of the contractual arrangement.

Financial instruments which are assets are stated at cost less any provision for impairment. Financial liabilities are stated at principal capital amounts outstanding at the period end. Issue costs relating to financial liabilities are deducted from the outstanding balance and are amortised over the period to the due date for repayment of the financial liability.

An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. A financial liability is any contractual arrangement for an entity to deliver cash to the holder of the associated financial instrument.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - 2 ).

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 February 2025

and 31 January 2026

10,149

DEPRECIATION

At 1 February 2025

and 31 January 2026

10,149

NET BOOK VALUE

At 31 January 2026

-

At 31 January 2025

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2025

and 31 January 2026

80,680

NET BOOK VALUE

At 31 January 2026

80,680

At 31 January 2025

80,680

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Corporation tax

3,722

4,064

Directors' current accounts

50

234

Accruals and deferred income

1,500

5,272

5,798

7.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 February 2025

88,974

22,055

111,029

Profit for the year

16,093

Dividends

(11,900

)

(11,900

)

At 31 January 2026

93,167

22,055

115,222

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2026 and 31 January 2025:

2026

2025

£

J G Munro

Balance outstanding at start of year

(234

)

(44,332

)

Amounts advanced

184

44,098

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

(50

)

(234

)

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £11,900 (2025 - £10,000) were paid to the directors .