Company Registration No. SC460692 (Scotland)
Ideal Electrical Solutions (UK) Limited
Unaudited accounts
for the year ended 31 October 2025
Ideal Electrical Solutions (UK) Limited
Unaudited accounts
Contents
Ideal Electrical Solutions (UK) Limited
Company Information
for the year ended 31 October 2025
Company Number
SC460692 (Scotland)
Registered Office
4 & 5
PARSONS GREEN TERRACE
EDINBURGH
EH8 7AN
Accountants
DC Accountancy Services (Edinburgh) Ltd
105 Forrest Place
Armadale
West Lothian
EH48 2GZ
Ideal Electrical Solutions (UK) Limited
Statement of financial position
as at 31 October 2025
Tangible assets
128,020
168,336
Cash at bank and in hand
102,056
133,163
Creditors: amounts falling due within one year
(186,825)
(141,448)
Net current assets
280,171
113,124
Total assets less current liabilities
408,191
281,460
Creditors: amounts falling due after more than one year
(39,059)
(55,827)
Provisions for liabilities
Deferred tax
(31,636)
(23,380)
Net assets
337,496
202,253
Called up share capital
1
1
Profit and loss account
337,495
202,252
Shareholders' funds
337,496
202,253
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 August 2026 and were signed on its behalf by
Mark Denholm
Director
Company Registration No. SC460692
Ideal Electrical Solutions (UK) Limited
Notes to the Accounts
for the year ended 31 October 2025
Ideal Electrical Solutions (UK) Limited is a private company, limited by shares, registered in Scotland, registration number SC460692. The registered office is 4 & 5, PARSONS GREEN TERRACE, EDINBURGH, EH8 7AN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
2% Straight Line Basis
Plant & machinery
20% Straight Line Basis
Motor vehicles
25% Straight Line Basis
Fixtures & fittings
10% Straight Line Basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Ideal Electrical Solutions (UK) Limited
Notes to the Accounts
for the year ended 31 October 2025
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2024
86,435
30,051
207,919
51,469
375,874
Additions
-
3,874
83,615
-
87,489
Disposals
(86,435)
-
-
-
(86,435)
At 31 October 2025
-
33,925
291,534
51,469
376,928
At 1 November 2024
13,419
25,744
137,493
30,882
207,538
Charge for the year
-
2,594
47,048
5,147
54,789
On disposals
(13,419)
-
-
-
(13,419)
At 31 October 2025
-
28,338
184,541
36,029
248,908
At 31 October 2025
-
5,587
106,993
15,440
128,020
At 31 October 2024
73,016
4,307
70,426
20,587
168,336
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
40,027
64,043
Ideal Electrical Solutions (UK) Limited
Notes to the Accounts
for the year ended 31 October 2025
Amounts falling due within one year
Trade debtors
62,936
35,238
Accrued income and prepayments
1,208
846
Other debtors
290,796
75,325
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
5,556
5,556
Obligations under finance leases and hire purchase contracts
11,213
11,213
Trade creditors
72,817
62,547
Taxes and social security
48,862
15,845
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
18,688
29,901
9
Deferred taxation
2025
2024
Accelerated capital allowances
31,636
23,380
Provision at start of year
23,380
16,413
Charged to the profit and loss account
8,256
6,967
Provision at end of year
31,636
23,380
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
Ideal Electrical Solutions (UK) Limited
Notes to the Accounts
for the year ended 31 October 2025
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Current Account
1,869
22,456
3,230
21,095
1,869
22,456
3,230
21,095
12
Average number of employees
During the year the average number of employees was 9 (2024: 10).