Collins Electrical Services Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—6

Registered number: SC310065

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		56,612		63,949

			56,612		63,949
CURRENT ASSETS
Stocks	6	16,290		10,480
Debtors	7	111,010		119,761
Cash at bank and in hand		889,616		819,749

		1,016,916		949,990
Creditors: Amounts Falling Due Within One Year	8	(151,264 )		(145,506 )

NET CURRENT ASSETS (LIABILITIES)			865,652		804,484

TOTAL ASSETS LESS CURRENT LIABILITIES			922,264		868,433

Creditors: Amounts Falling Due After More Than One Year	9		-		(7,328 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(4,781 )		(5,180 )

NET ASSETS			917,483		855,925

CAPITAL AND RESERVES
Called up share capital	10		2		2
Profit and Loss Account			917,481		855,923

SHAREHOLDERS' FUNDS			917,483		855,925

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Collins Electrical Services Limited

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr James Collins

Director

8th July 2026

The notes on pages 3 to 6 form part of these financial statements.

1. General Information

Collins Electrical Services Limited is a private company, limited by shares, incorporated in Scotland, registered number SC310065 . The registered office is 37a Bell Street, Renfrew, Renfrewshire, PA4 8PP.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. 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 is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. Goodwill has been fully amortised.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	Not depreciated
Plant & Machinery	25% Reducing Balance
Motor Vehicles	25% Reducing Balance
Fixtures & Fittings	15% Reducing Balance
Computer Equipment	25% Reducing Balance

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Collins Electrical Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

2.6. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

6Average number of employees, including directors, during the year was: 6 (2024: 5)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 November 2024	20,358

As at 31 October 2025	20,358

Amortisation
As at 1 November 2024	20,358

As at 31 October 2025	20,358

Net Book Value
As at 31 October 2025	-

As at 1 November 2024	-

5. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 November 2024	39,093	2,900	59,940	3,700
Additions	-	808	-	-
Disposals	-	-	(31,495 )	-

As at 31 October 2025	39,093	3,708	28,445	3,700

Depreciation
As at 1 November 2024	1,212	2,859	40,114	1,779
Provided during the period	391	53	3,529	289
Disposals	-	-	(25,786 )	-

As at 31 October 2025	1,603	2,912	17,857	2,068

Net Book Value
As at 31 October 2025	37,490	796	10,588	1,632

As at 1 November 2024	37,881	41	19,826	1,921

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Collins Electrical Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025


	Computer Equipment	Total
	£	£
Cost
As at 1 November 2024	13,347	118,980
Additions	3,570	4,378
Disposals	-	(31,495 )

As at 31 October 2025	16,917	91,863

Depreciation
As at 1 November 2024	9,067	55,031
Provided during the period	1,744	6,006
Disposals	-	(25,786 )

As at 31 October 2025	10,811	35,251

Net Book Value
As at 31 October 2025	6,106	56,612

As at 1 November 2024	4,280	63,949

6. Stocks

	2025	2024
	£	£
Stock	500	3,000
Work in progress	15,790	7,480

	16,290	10,480

7. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	111,010	119,761

8. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	8,025	9,411
Bank loans and overdrafts	7,014	10,000
Other creditors	60,025	72,167
Taxation and social security	76,200	53,928

	151,264	145,506

9. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	-	7,328

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Collins Electrical Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

10. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	2	2

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