L & E Fowlie Electrical Limited

Registered number

SC386735

Filleted Accounts

31 October 2025

L & E Fowlie Electrical Limited
Registered number:		SC386735
Balance Sheet
as at 31 October 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	4		56,055			30,949

Current assets
Debtors	5	244,381			231,162
Cash at bank and in hand		101,585			43,882
		345,966			275,044

Creditors: amounts falling due within one year	6	(328,510)			(230,291)

Net current assets			17,456			44,753

Total assets less current liabilities			73,511			75,702

Creditors: amounts falling due after more than one year	7		(3,548)			(13,852)

Provisions for liabilities			(11,040)			-


Net assets			58,923			61,850

Capital and reserves
Called up share capital			100			100
Profit and loss account			58,823			61,750

Shareholders' funds			58,923			61,850

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.




E Fowlie
Director
Approved by the board on 7 July 2026



.

L & E Fowlie Electrical Limited
Notes to the Accounts
for the year ended 31 October 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.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	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:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 5 years
	Fixtures, fittings, tools and equipment	over 5 years

	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.

	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.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			5		5


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 November 2024					500,000
	At 31 October 2025					500,000

	Amortisation
	At 1 November 2024					500,000
	At 31 October 2025					500,000

	Net book value
	At 31 October 2025					-

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


4	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 November 2024	78,425		129,559		207,984
	Additions	855		38,094		38,949
	At 31 October 2025	79,280		167,653		246,933

	Depreciation
	At 1 November 2024	78,425		98,610		177,035
	Charge for the year	-		13,843		13,843
	At 31 October 2025	78,425		112,453		190,878

	Net book value
	At 31 October 2025	855		55,200		56,055
	At 31 October 2024	-		30,949		30,949


5	Debtors			2025		2024
£					£

	Trade debtors			244,381		228,977
	Deferred tax asset			-		2,185
				244,381		231,162


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

	VAT Liability			63,333		62,539
	Trade creditors			173,519		34,612
	Taxation and social security costs			91,658		133,140
				328,510		230,291


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

	Bank loans			3,548		13,852


8	Other information

	L & E Fowlie Electrical Limited is a private company limited by shares and incorporated in Scotland. Its registered office is:
	Guise
	Tough
	Alford
	Aberdeenshire
	AB33 8HU