REGISTERED NUMBER: SC257110 (Scotland)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

ALAN MEARNS ELECTRICAL LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A A Mearns

Mrs V L Mearns

REGISTERED OFFICE:

First Floor, 5 Abercrombie Court

Prospect Road

Arnhall Business Park

WEsthill

Grampian

AB32 6FE

REGISTERED NUMBER:

SC257110 (Scotland)

ACCOUNTANTS:

Fyfe Moir & Associates

1st Floor, 5 Abercrombie Crt

Prospect Road,

Westhill

Aberdeenshire

Grampian

AB32 6FE

FIXED ASSETS

Tangible assets

4

213,291

220,345

CURRENT ASSETS

Stocks

3,000

9,618

Debtors

5

29,860

25,116

Cash at bank

13,953

5

46,813

34,739

CREDITORS

Amounts falling due within one year

6

48,319

66,470

NET CURRENT LIABILITIES

(1,506

)

(31,731

)

TOTAL ASSETS LESS CURRENT LIABILITIES

211,785

188,614

CREDITORS

Amounts falling due after more than one year

7

(9,703

)

(14,995

)

PROVISIONS FOR LIABILITIES

8

(7,894

)

(7,320

)

NET ASSETS

194,188

166,299

CAPITAL AND RESERVES

Called up share capital

5

5

Retained earnings

194,183

166,294

SHAREHOLDERS' FUNDS

194,188

166,299

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 21 July 2026 and were signed on its behalf by:

A A Mearns - Director

1.	STATUTORY INFORMATION

Alan Mearns 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 or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc

-

25% on 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 November 2024

181,289

88,935

-

Additions

-

2,500

1,112

At 31 October 2025

181,289

91,435

1,112

DEPRECIATION

At 1 November 2024

-

75,105

-

Charge for year

-

4,082

278

At 31 October 2025

-

79,187

278

NET BOOK VALUE

At 31 October 2025

181,289

12,248

834

At 31 October 2024

181,289

13,830

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 November 2024

117,852

10,235

398,311

Additions

-

-

3,612

At 31 October 2025

117,852

10,235

401,923

DEPRECIATION

At 1 November 2024

93,565

9,296

177,966

Charge for year

6,072

234

10,666

At 31 October 2025

99,637

9,530

188,632

NET BOOK VALUE

At 31 October 2025

18,215

705

213,291

At 31 October 2024

24,287

939

220,345

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

29,860

21,685

Other debtors

-

68

VAT

-

3,363

29,860

25,116

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Bank loans and overdrafts

7,873

26,458

Hire purchase contracts

5,292

5,292

Trade creditors

8,568

27,362

Tax

32,400

17,326

Social security and other taxes

(17,552

)

(15,014

)

VAT

6,633

-

Other creditors

2,780

2,223

Directors' current accounts

2,325

2,823

48,319

66,470

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Hire purchase contracts

9,703

14,995

8.	PROVISIONS FOR LIABILITIES

31.10.25

31.10.24

£

£

Deferred tax

7,894

7,320

Deferred

tax

£

Balance at 1 November 2024

7,320

Provided during year

574

Balance at 31 October 2025

7,894