Company Registration No. SC524662 (Scotland)
DM Electrical Limited
Unaudited accounts
for the year ended 31 December 2025
DM Electrical Limited
Unaudited accounts
Contents
DM Electrical Limited
Company Information
for the year ended 31 December 2025
Company Number
SC524662 (Scotland)
Registered Office
92 Clement Rise
Livingston
EH54 6JZ
Scotland
Accountants
Armet Accounting Ltd
Room 31
Haypark Business Centre
Polmont
FK2 0NZ
DM Electrical Limited
Statement of financial position
as at 31 December 2025
Tangible assets
41,788
53,672
Cash at bank and in hand
22,868
30,067
Creditors: amounts falling due within one year
(27,033)
(35,297)
Net current assets
2,060
5,744
Total assets less current liabilities
43,848
59,416
Creditors: amounts falling due after more than one year
(26,879)
(37,688)
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
16,502
20,832
Shareholders' funds
16,503
20,833
For the year ending 31 December 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 16 September 2026 and were signed on its behalf by
Douglas Merrick
Director
Company Registration No. SC524662
DM Electrical Limited
Notes to the Accounts
for the year ended 31 December 2025
DM Electrical Limited is a private company, limited by shares, registered in Scotland, registration number SC524662. The registered office is 92 Clement Rise, Livingston, EH54 6JZ, Scotland.
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:
Computer equipment
3 Years
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.
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.
DM Electrical Limited
Notes to the Accounts
for the year ended 31 December 2025
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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.
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
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2025
2,859
90,321
532
1,056
94,768
Additions
2,112
-
250
-
2,362
At 31 December 2025
4,971
90,321
782
1,056
97,130
At 1 January 2025
2,848
37,615
193
440
41,096
Charge for the year
378
13,371
145
352
14,246
At 31 December 2025
3,226
50,986
338
792
55,342
At 31 December 2025
1,745
39,335
444
264
41,788
At 31 December 2024
11
52,706
339
616
53,672
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
39,335
52,706
Amounts falling due within one year
Accrued income and prepayments
2,720
1,618
DM Electrical Limited
Notes to the Accounts
for the year ended 31 December 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
661
1,549
Obligations under finance leases and hire purchase contracts
9,763
9,075
Trade creditors
5,155
6,649
Taxes and social security
3,457
11,245
Loans from directors
7,297
6,129
As at 31 December 2025, the company has repayments due within one year on a bounce back loan of £661 (2024: £1,549). Interest is charged at a rate of 2.5% on this loan.
Payments of £9,763 (2025:£9,075) are due within one year on finance leases. The balances due are secured on the assets being financed.
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
26,879
37,027
Payments of £26,879 (2024: £37,027) are due after more than one year on finance leases. The balances due are secured on the assets being financed.
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
9
Average number of employees
During the year the average number of employees was 4 (2024: 5).