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REGISTERED NUMBER: SC161762 (Scotland)

Unaudited Financial Statements for the Year Ended 30 November 2025

for

A. Stevely Electrical Contractors

Limited

A. Stevely Electrical Contractors

Limited (Registered number: SC161762)

Contents of the Financial Statements

for the Year Ended 30 November 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Chartered Accountants' Report | 8 |

A. Stevely Electrical Contractors

Limited

Company Information

for the Year Ended 30 November 2025

| DIRECTOR: | A D Stevely

| REGISTERED OFFICE: | 22A Bank Street

| Irvine

| Ayrshire

| KA12 0AG

| REGISTERED NUMBER: | SC161762 (Scotland)

| ACCOUNTANTS: | Key Professional Partnership Ltd

| Unit 3

| Morris Park

| 37 Rosyth Road

| Glasgow

| G5 0YE

A. Stevely Electrical Contractors

Limited (Registered number: SC161762)

Balance Sheet

30 November 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 18,324 |  | 18,543 |  |

CURRENT ASSETS

Stocks | 44,750 |  | 61,439 |  |

Debtors | 5 | 31,263 |  | 41,025 |  |

Cash at bank | 3,213 |  | - |  |

79,226 |  | 102,464 |  |

CREDITORS

Amounts falling due within one year | 6 | 50,908 |  | 82,301 |  |

NET CURRENT ASSETS | 28,318 |  | 20,163 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 46,642 |  | 38,706 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 4,831 |  | 15,756 |  |

NET ASSETS | 41,811 |  | 22,950 |  |

CAPITAL AND RESERVES

Called up share capital | 12,000 |  | 12,000 |  |

Retained earnings | 29,811 |  | 10,950 |  |

SHAREHOLDERS' FUNDS | 41,811 |  | 22,950 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

A. Stevely Electrical Contractors

Limited (Registered number: SC161762)

Balance Sheet - continued

30 November 2025

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 25 August 2026 and were signed by:

A D Stevely - Director

A. Stevely Electrical Contractors

Limited (Registered number: SC161762)

Notes to the Financial Statements

for the Year Ended 30 November 2025

1. | STATUTORY INFORMATION

| A. Stevely Electrical Contractors 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| The accounts are prepared on the going concern basis which is dependant on the continued financial support of the bank, creditors and Directors. Mr A Stevely and Mrs E Stevely have confirmed this support and will ensure that the company has funds to meet its obligations as they fall due.

| 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery | - | 15% on reducing balance

| Computer equipment | - | 25% on reducing balance

| Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses.

| Stocks

| 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 items.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

A. Stevely Electrical Contractors

Limited (Registered number: SC161762)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

2. | ACCOUNTING POLICIES - continued

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2024 - 4 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and |  | Computer |

| machinery |  | equipment |  | Totals

£ | £ | £ |

| COST

| At 1 December 2024 | 55,795 |  | 4,288 |  | 60,083 |  |

| Additions | 13,209 |  | - |  | 13,209 |  |

| Disposals | (22,724 | ) | - |  | (22,724 | ) |

| At 30 November 2025 | 46,280 |  | 4,288 |  | 50,568 |  |

| DEPRECIATION

| At 1 December 2024 | 37,968 |  | 3,572 |  | 41,540 |  |

| Charge for year | 4,461 |  | 179 |  | 4,640 |  |

| Eliminated on disposal | (13,936 | ) | - |  | (13,936 | ) |

| At 30 November 2025 | 28,493 |  | 3,751 |  | 32,244 |  |

| NET BOOK VALUE

| At 30 November 2025 | 17,787 |  | 537 |  | 18,324 |  |

| At 30 November 2024 | 17,827 |  | 716 |  | 18,543 |  |

A. Stevely Electrical Contractors

Limited (Registered number: SC161762)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

4. | TANGIBLE FIXED ASSETS - continued

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

| Plant and

| machinery

£ |

| COST

| At 1 December 2024 | 48,519 |  |

| Additions | 13,209 |  |

| Disposals | (22,724 | ) |

| At 30 November 2025 | 39,004 |  |

| DEPRECIATION

| At 1 December 2024 | 31,036 |  |

| Charge for year | 4,375 |  |

| Eliminated on disposal | (13,936 | ) |

| At 30 November 2025 | 21,475 |  |

| NET BOOK VALUE

| At 30 November 2025 | 17,529 |  |

| At 30 November 2024 | 17,483 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 26,309 |  | 37,113 |  |

| Other debtors | 4,954 |  | 3,912 |  |

31,263 |  | 41,025 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 20,096 |  | 21,319 |  |

| Hire purchase contracts | 3,888 |  | 7,225 |  |

| Trade creditors | 12,593 |  | 35,221 |  |

| Taxation and social security | 13,857 |  | 15,242 |  |

| Other creditors | 474 |  | 3,294 |  |

50,908 |  | 82,301 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | - |  | 12,500 |  |

| Hire purchase contracts | 4,831 |  | 3,256 |  |

4,831 |  | 15,756 |  |

A. Stevely Electrical Contractors

Limited (Registered number: SC161762)

Notes to the Financial Statements - continued

for the Year Ended 30 November 2025

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank overdrafts | 17,087 |  | 21,319 |  |

| The bank overdraft facility is secured by a floating charge in favour of the Bank of Scotland over the assets of the company.

9. | FINANCIAL INSTRUMENTS

| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-putative ordinary shares.

| Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable end payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective Interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term Instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

| For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount end the present value of estimated cash flows discounted at the asset's original erective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

| For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate or the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date.

| Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Chartered Accountants' Report to the Director

on the Unaudited Financial Statements of

A. Stevely Electrical Contractors

Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A. Stevely Electrical Contractors Limited for the year ended 30 November 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at https://icas.com/icas-framework-preparation-of-accounts.

This report is made solely to the director of A. Stevely Electrical Contractors Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A. Stevely Electrical Contractors Limited and state those matters that we have agreed to state to the director of A. Stevely Electrical Contractors Limited in this report in accordance with the requirements of ICAS as detailed at https://icas.com/icas-framework-preparation-of-accounts. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that A. Stevely Electrical Contractors Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A. Stevely Electrical Contractors Limited. You consider that A. Stevely Electrical Contractors Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A. Stevely Electrical Contractors Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Key Professional Partnership Ltd

Unit 3

Morris Park

37 Rosyth Road

Glasgow

G5 0YE

25 August 2026