Registration number:
Falcon Electrical Engineering Ltd
trading as
for the Year Ended 31 March 2026
Falcon Electrical Engineering Ltd
trading as Falcon Electrical Engineering
Contents
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Company Information |
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Directors' Report |
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Accountants' Report |
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Profit and Loss Account and Statement of Retained Earnings |
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Abridged Balance Sheet |
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Notes to the Unaudited Abridged Financial Statements |
Falcon Electrical Engineering Ltd
trading as Falcon Electrical Engineering
Company Information
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Directors |
Mr Aaron Gammie Mr Fraser Binnie Mr Gerald Casey |
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Company secretary |
Mr Gerald Casey |
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Registered office |
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Accountants |
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Falcon Electrical Engineering Ltd
trading as Falcon Electrical Engineering
Directors' Report for the Year Ended 31 March 2026
The directors present their report and the abridged financial statements for the year ended 31 March 2026.
Directors of the company
The directors who held office during the year were as follows:
Principal activity
The principal activity of the company is electrical engineering.
Small companies provision statement
This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
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Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Falcon Electrical Engineering Ltd
trading as Falcon Electrical Engineering
for the Year Ended 31 March 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Falcon Electrical Engineering Ltd for the year ended 31 March 2026 as set out on pages 4 to 15 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Falcon Electrical Engineering Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Falcon Electrical Engineering Ltd and state those matters that we have agreed to state to the Board of Directors of Falcon Electrical Engineering Ltd, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Falcon Electrical Engineering Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Falcon Electrical Engineering Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Falcon Electrical Engineering Ltd. You consider that Falcon Electrical Engineering Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Falcon Electrical Engineering Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Accountants
Grangemouth
Falkirk
FK3 8PG
Falcon Electrical Engineering Ltd
trading as Falcon Electrical Engineering
Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 March 2026
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Note |
2026 |
2025 |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
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Operating profit/(loss) |
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( |
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Other interest receivable and similar income |
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Interest payable and similar charges |
( |
( |
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(4,175) |
(270) |
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Profit/(loss) before tax |
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( |
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Taxation |
( |
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Profit/(loss) for the financial year |
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( |
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Retained earnings brought forward |
368,198 |
526,873 |
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Dividends paid |
( |
( |
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Retained earnings carried forward |
289,519 |
368,198 |
Falcon Electrical Engineering Ltd
trading as Falcon Electrical Engineering
(Registration number: SC090704)
Abridged Balance Sheet as at 31 March 2026
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Note |
2026 |
2025 |
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Fixed assets |
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Tangible assets |
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Other financial assets |
7,777 |
7,777 |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Prepayments and accrued income |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Accruals and deferred income |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
1,001 |
1,000 |
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Retained earnings |
289,519 |
368,198 |
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Shareholders' funds |
290,520 |
369,198 |
For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
Falcon Electrical Engineering Ltd
trading as Falcon Electrical Engineering
(Registration number: SC090704)
Abridged Balance Sheet as at 31 March 2026 (continued)
Approved and authorised by the
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Falcon Electrical Engineering Ltd
trading as Falcon Electrical Engineering
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026
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General information |
The company is a private company limited by share capital, incorporated in Scotland.
The address of its registered office is:
Scotland
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Falcon Electrical Engineering Ltd
trading as Falcon Electrical Engineering
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026 (continued)
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2 |
Accounting policies (continued) |
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Office Equipment |
33% on straight line |
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Plant & Machinery |
15% on straight line |
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Motor Vehicles |
20% on straight line |
Intangible assets
Intangile assets are measured at cost (including all directly attribable costs) less subsequent amortisation and impairmaint losses.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Falcon Electrical Engineering Ltd
trading as Falcon Electrical Engineering
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026 (continued)
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2 |
Accounting policies (continued) |
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Falcon Electrical Engineering Ltd
trading as Falcon Electrical Engineering
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026 (continued)
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2 |
Accounting policies (continued) |
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Profit/loss before tax |
Arrived at after charging/(crediting)
Falcon Electrical Engineering Ltd
trading as Falcon Electrical Engineering
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026 (continued)
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4 |
Profit before tax (continued) |
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2026 |
2025 |
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Depreciation expense |
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Falcon Electrical Engineering Ltd
trading as Falcon Electrical Engineering
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026 (continued)
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Intangible assets |
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Cost or valuation |
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Amortisation |
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Carrying amount |
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At 31 March 2026 |
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Tangible assets |
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Plant and machinery |
Office equipment |
Motor vehicles |
Total |
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Cost or valuation |
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At 1 April 2025 |
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Additions |
- |
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Disposals |
( |
( |
( |
( |
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At 31 March 2026 |
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Depreciation |
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At 1 April 2025 |
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Charge for the year |
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Eliminated on disposal |
( |
( |
( |
( |
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At 31 March 2026 |
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Carrying amount |
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At 31 March 2026 |
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At 31 March 2025 |
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Falcon Electrical Engineering Ltd
trading as Falcon Electrical Engineering
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026 (continued)
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Other financial assets (current and non-current) |
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Financial assets at cost less impairment |
Total |
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Non-current financial assets |
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Cost or valuation |
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At 1 April 2025 |
7,777 |
7,777 |
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At 31 March 2026 |
7,777 |
7,777 |
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Impairment |
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Carrying amount |
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At 31 March 2026 |
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7,777 |
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Stocks |
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2026 |
2025 |
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Work in progress |
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Other inventories |
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Share capital |
Allotted, called up and fully paid shares
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2026 |
2025 |
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No. |
£ |
No. |
£ |
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1,000 |
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1,000 |
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1 |
- |
- |
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Falcon Electrical Engineering Ltd
trading as Falcon Electrical Engineering
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026 (continued)
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Dividends |
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2026 |
2025 |
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£ |
£ |
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Interim dividend of £ |
80,778 |
112,679 |
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Related party transactions |
Falcon Electrical Engineering Ltd
trading as Falcon Electrical Engineering
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2026 (continued)
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11 |
Related party transactions (continued) |
Directors' remuneration
The directors' remuneration for the year was as follows:
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2026 |
2025 |
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Remuneration |
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Summary of transactions with all entities with joint control or significant interest
Loans to related parties
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2026 |
Entities with joint control or significant influence |
Key management |
Total |
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At start of period |
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Advanced |
- |
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Repaid |
- |
( |
( |
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Interest transactions |
- |
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At end of period |
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2025 |
Entities with joint control or significant influence |
Key management |
Total |
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At start of period |
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Advanced |
- |
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Repaid |
- |
( |
( |
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Interest transactions |
- |
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At end of period |
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