Michael Brown Electrical Limited

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—9

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Balance Sheet

As At 30 November 2025

Balance Sheet

Registered number: SC293279

		2025		2024 as restated
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		39,155		55,413
Investment Properties	5		555,000		555,000
Investments	6		233,000		233,000

			827,155		843,413
CURRENT ASSETS
Stocks	7	653,249		502,913
Debtors	8	2,350,757		2,363,136
Cash at bank and in hand		330,345		606,580

		3,334,351		3,472,629
Creditors: Amounts Falling Due Within One Year	9	(266,763 )		(351,277 )

NET CURRENT ASSETS (LIABILITIES)			3,067,588		3,121,352

TOTAL ASSETS LESS CURRENT LIABILITIES			3,894,743		3,964,765

PROVISIONS FOR LIABILITIES
Deferred Taxation			(8,539 )		(13,853 )

NET ASSETS			3,886,204		3,950,912

CAPITAL AND RESERVES
Called up share capital	10		4		4
Profit and Loss Account			3,886,200		3,950,908

SHAREHOLDERS' FUNDS			3,886,204		3,950,912

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Michael Brown Electrical Limited

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has 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.

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

M W Brown

Director

28th August 2026

The notes on pages 4 to 9 form part of these financial statements.

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Michael Brown Electrical Limited

Notes to the Financial Statements

For The Year Ended 30 November 2025

Notes to the Financial Statements

1. General Information

Michael Brown Electrical Limited is a private company, limited by shares, incorporated in Scotland, registered number SC293279 . The registered office is Johnstone House, 52-54 Rose Street, Aberdeen, AB10 1HA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

Michael Brown Electrical Limited (the Company) is a private company, limited by shares, incorporated in the

United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's

registered office is Johnstone House, 52-54 Rose Street, Aberdeen, AB10 1HA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain

items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The

Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting

Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small

companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company

and rounded to the nearest £.

2.2. Turnover

Revenue comprises of electrical services, property sale and development, and property rental.

Provision of electrical services are recognised at the fair value of the consideration received for goods and

services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Sale of properties are recognised at the point at which an irrevocable contract exists and all material

conditions have been met.

Rents received are recognised in the period to which they relate, and deposits relating to investment and

rental property are recorded in the balance sheet as both assets and liabilities until the end of the tenancy.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:

Motor Vehicles	25% reducing balance
Fixtures & Fittings	15% reducing balance
Computer Equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an

asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition

expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale

proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to

determine whether there is any indication that those assets have suffered an impairment loss. If any such

indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the

impairment loss (if any).

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Michael Brown Electrical Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.4. Investment Properties

Investment property is initially recognised at cost, which includes the purchase cost and any directly

attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair

value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply

when the property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

Fixed asset investments

The Company holds a 50% share in Cromdale Partners Union Terrace LLP, which owns investment property.

The Company's time-apportioned share of the partnership profit/loss is included in the financial statements.

2.5. Stocks and Work in Progress

Stocks are stated at the lower of cost and estimated selling price less costs to sell. Cost includes materials,

where applicable, direct labour and an attributable proportion of manufacturing overheads based on normal

levels of activity.

Work in progress is stated at the lower cost and estimated selling price less costs to complete and sell. Costs

comprise of direct materials and, where applicable, direct labour costs. All work in progress has now been

capitalised.

2.6. Financial Instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the

contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the

assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a

legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net

basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and bank balances, are initially measured at transaction price

including transaction costs.Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the

financial asset expire or are settled, or the Company transfers to another party substantially all of the risks

and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all,

significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from related parties, are initially recognised at

transaction price. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of

business from suppliers. Amounts payable are classified as current liabilities if payment is due within one

year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at

transaction price.

Financial liabilities are derecognised when the Company’s contractual obligations expire or are discharged or

cancelled.

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Michael Brown Electrical Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

2.7. 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.

2.8. Employee benefits

Short term benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are

received.

Termination benefits are recognised as an expense when the Company is demonstrably committed to

terminate the employment of an employee or to provide termination benefits.

2.9. Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include deposits held at call with banks.

2.10. Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised

when paid. Final equity dividends are recognised when approved by the shareholders at an annual general

meeting.

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Michael Brown Electrical Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

3. Average Number of Employees

Average number of employees, including directors, during the period was 1 (2024: 1)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 December 2024	98,855	39,881	4,879	143,615
Disposals	-	(36,712 )	-	(36,712 )

As at 30 November 2025	98,855	3,169	4,879	106,903

Depreciation
As at 1 December 2024	49,730	33,757	4,715	88,202
Provided during the period	12,281	2,475	163	14,919
Disposals	-	(35,373 )	-	(35,373 )

As at 30 November 2025	62,011	859	4,878	67,748

Net Book Value
As at 30 November 2025	36,844	2,310	1	39,155

As at 1 December 2024	49,125	6,124	164	55,413

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Michael Brown Electrical Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

5. Investment Property

	2025
	£
Fair Value
As at 1 December 2024 and 30 November 2025	555,000

If investment property had been accounted for under historical cost accounting rules, the amounts would be:

	2025	2024 as restated
	£	£
Cost	555,000	555,000

6. Investments

	Unlisted
	£
Cost or Valuation
As at 1 December 2024	233,000

As at 30 November 2025	233,000

Provision
As at 1 December 2024	-

As at 30 November 2025	-

Net Book Value
As at 30 November 2025	233,000

As at 1 December 2024	233,000

7. Stocks

	2025	2024 as restated
	£	£
Finished goods	2,750	2,750
Work in progress	650,499	500,163

	653,249	502,913

8. Debtors

	2025	2024 as restated
	£	£
Due within one year
Trade debtors	5,847	11,902
Amounts owed by participating interests	1,923,500	1,906,500
Other debtors	421,410	444,734

	2,350,757	2,363,136

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Michael Brown Electrical Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

9. Creditors: Amounts Falling Due Within One Year

	2025	2024 as restated
	£	£
Trade creditors	-	15,617
Amounts owed to participating interests	228,540	217,416
Other creditors	11,103	11,116
Taxation and social security	27,120	107,128

	266,763	351,277

10. Share Capital

	2025	2024 as restated
	£	£
Allotted, Called up and fully paid	4	4

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 December 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 November 2025
	£	£	£	£	£
Mr Michael Brown	2,283	125	2,406	-	-

The above loan is unsecured, interest free and repayable on demand.

12. Ultimate Controlling Party

The company's ultimate controlling party is M W Brown.

13. Prior year adjustment

The prior year figures have been restated to account for interest included which is no longer due and will not be received.

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Director	M W Brown

Company Number	SC293279

Registered Office	Johnstone House
	52-54 Rose Street
	Aberdeen
	AB10 1HA

Accountants	Infinity Advisors Ltd t/a Infinity Partnership
	5 Carden Place
	Aberdeen
	AB10 1UT