REGISTERED NUMBER: SC167648 (Scotland)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Stewart Electrical Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

27,647

37,028

CURRENT ASSETS

Stocks

660

577

Debtors

5

956,268

990,882

Cash at bank and in hand

26,176

10,559

983,104

1,002,018

CREDITORS

Amounts falling due within one year

6

(850,166

)

(839,836

)

NET CURRENT ASSETS

132,938

162,182

TOTAL ASSETS LESS CURRENT LIABILITIES

160,585

199,210

CREDITORS

Amounts falling due after more than one year

7

(16,847

)

(35,821

)

PROVISIONS FOR LIABILITIES

(4,842

)

(9,215

)

NET ASSETS

138,896

154,174

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

138,894

154,172

138,896

154,174

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 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 27 July 2026 and were signed by:

Mr A C Stewart - Director

1.	STATUTORY INFORMATION

Stewart Electrical Limited is a private company, limited by shares, domiciled in Scotland, registration number SC167648. The registered office address is 12 Inchyra Road, Grangemouth, Stirlingshire, FK3 9XB, Scotland.

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 represents net invoiced sales of goods and services in respect of electrical services, excluding value added tax. Sales are recognised at the point at which the goods are delivered or the service is complete.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance

Tangible fixed assets are stated at cost less depreciation. Cost represent purchase price together with any incidental costs of acquisition.

The directors have considered the residual value of all tangible fixed assets to be immaterial and therefore all tangible fixed assets are depreciated to nil value.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost is represented by purchase price.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Provisions

Provisions are recognised when the company has a legal or constructive obligation as a result of a past event, it is probable that an outflow of resources will be required to settle the obligation, and the amount has been reliably estimated. Provisions are not recognised for future operating losses. Provisions are discounted where the time value of money is material.

Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognised even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2024

103,310

Disposals

(600

)

At 31 July 2025

102,710

DEPRECIATION

At 1 August 2024

66,282

Charge for year

9,215

Eliminated on disposal

(434

)

At 31 July 2025

75,063

NET BOOK VALUE

At 31 July 2025

27,647

At 31 July 2024

37,028

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 August 2024

and 31 July 2025

56,000

DEPRECIATION

At 1 August 2024

24,500

Charge for year

7,875

At 31 July 2025

32,375

NET BOOK VALUE

At 31 July 2025

23,625

At 31 July 2024

31,500

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

27,779

67,690

Amounts owed by related parties

916,489

911,192

Other debtors

12,000

12,000

956,268

990,882

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

8,334

10,000

Hire purchase contracts

10,640

10,640

Trade creditors

15,495

14,960

Amounts owed to related parties

667,961

678,427

Taxation and social security

4,690

19,370

Other creditors

143,046

106,439

850,166

839,836

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans

-

8,334

Hire purchase contracts

16,847

27,487

16,847

35,821

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.25

31.7.24

£

£

Bank loans

8,334

18,334

9.	RELATED PARTY DISCLOSURES

At the year end, the company was owed £916,489 (2024: £896,727) from companies with shared directors and ownership.

At the year end, the company was due payable £667,961 (2024: £663,962) to companies with shared directors and ownership.