REGISTERED NUMBER: SC351000 (Scotland)

Unaudited Financial Statements

for the Period 29 April 2025 to 30 April 2026

for

JGM Services Electricians Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E D Thomas

E D Thomas

REGISTERED OFFICE:

5 Dyehouse Office

Riverside Mill

Selkirk

Selkirkshire

TD7 5EF

REGISTERED NUMBER:

SC351000 (Scotland)

ACCOUNTANTS:

DAS Accountant

Cornerstone House

Station Road

Selkirk

Scottish Borders

TD7 5DJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

21,556

16,635

21,556

16,635

CURRENT ASSETS

Stocks

6

4,800

1,870

Debtors

7

28,190

53,927

Cash at bank

18,220

7,145

51,210

62,942

CREDITORS

Amounts falling due within one year

8

49,100

69,091

NET CURRENT ASSETS/(LIABILITIES)

2,110

(6,149

)

TOTAL ASSETS LESS CURRENT LIABILITIES

23,666

10,486

CREDITORS

Amounts falling due after more than one year

9

4,539

10,000

NET ASSETS

19,127

486

CAPITAL AND RESERVES

Called up share capital

11

400

400

Retained earnings

12

18,727

86

SHAREHOLDERS' FUNDS

19,127

486

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2026.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2026 and were signed on its behalf by:

E D Thomas - Director

1.	STATUTORY INFORMATION

JGM Services Electricians Ltd 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period 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 period 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

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 period was 4 (2025 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 29 April 2025

and 30 April 2026

116,650

AMORTISATION

At 29 April 2025

and 30 April 2026

116,650

NET BOOK VALUE

At 30 April 2026

-

At 28 April 2025

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 29 April 2025

5,090

121

65,717

1,756

72,684

Additions

4,277

-

7,000

884

12,161

At 30 April 2026

9,367

121

72,717

2,640

84,845

DEPRECIATION

At 29 April 2025

4,932

120

50,582

415

56,049

Charge for period

1,115

1

5,564

560

7,240

At 30 April 2026

6,047

121

56,146

975

63,289

NET BOOK VALUE

At 30 April 2026

3,320

-

16,571

1,665

21,556

At 28 April 2025

158

1

15,135

1,341

16,635

6.

STOCKS

30.4.26

28.4.25

£

£

Stocks

4,800

1,870

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

28.4.25

£

£

Trade debtors

6,405

21,639

Other debtors

21,785

32,288

28,190

53,927

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.26

28.4.25

£

£

Bank loans and overdrafts (see note 10)

9,167

10,000

Hire purchase contracts

1,408

2,951

Trade creditors

6,733

16,453

Taxation and social security

24,218

33,915

Other creditors

7,574

5,772

49,100

69,091

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.26

28.4.25

£

£

Bank loans (see note 10)

-

10,000

Hire purchase contracts

4,539

-

4,539

10,000

10.

LOANS

An analysis of the maturity of loans is given below:

30.4.26

28.4.25

£

£

Amounts falling due within one year or on demand:

Bank loans

9,167

10,000

Amounts falling due between one and two years:

Bank loans - 1-2 years

-

10,000

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.26

28.4.25

value:

£

£

200

Ordinary

£1

200

200

100

Ordinary A

£1

100

100

100

Ordinary B

£1

100

100

400

400

12.

RESERVES

Retained

earnings

£

At 29 April 2025

86

Profit for the period

31,741

Dividends

(13,100

)

At 30 April 2026

18,727

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the periods ended 30 April 2026 and 28 April 2025:

30.4.26

28.4.25

£

£

E D Thomas

Balance outstanding at start of period

12,569

10,095

Amounts advanced

11,385

12,015

Amounts repaid

(26,517

)

(9,541

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of period

(2,563

)

12,569