Barry Stewart Electrical Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: SC417693 (Scotland)

Barry Stewart Electrical Ltd.

Financial Statements For The Year Ended 28 February 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs M Stewart

Mr B A Stewart

REGISTERED OFFICE:

8 King Street

Elgin

Moray

IV30 6BX

REGISTERED NUMBER:

SC417693 (Scotland)

ACCOUNTANTS:

The Long Partnership

4 North Guildry Street

Elgin

Moray

IV30 1JR

BANKERS:

Bank of Scotland

90 High Street

Elgin

Moray

IV30 1BJ

FIXED ASSETS

Tangible assets

4

1,438

1,534

CURRENT ASSETS

Stocks

3,000

Debtors

5

29,528

15,363

Cash at bank

8,487

8,424

41,015

26,787

CREDITORS

Amounts falling due within one year

6

34,507

27,782

NET CURRENT ASSETS/(LIABILITIES)

6,508

(995

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,946

539

CREDITORS

Amounts falling due after more than one
year

7

(7,258

)

-

PROVISIONS FOR LIABILITIES

8

(273

)

(291

)

NET ASSETS

415

248

CAPITAL AND RESERVES

Called up share capital

9

80

Retained earnings

10

335

168

SHAREHOLDERS' FUNDS

415

248

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2026 and were signed on its behalf by:

Mr B A Stewart - Director

1.	STATUTORY INFORMATION

Barry Stewart Electrical 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.

Tangible fixed assets

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

Equipment

-

33% on cost and 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Motor

Computer

Equipment

vehicles

equipment

Totals

£

COST

At 1 March 2025

499

11,468

3,856

15,823

Additions

-

650

Disposals

-

(837

)

(837

)

At 28 February 2026

499

11,468

3,669

15,636

DEPRECIATION

At 1 March 2025

210

10,947

3,132

14,289

Charge for year

72

130

544

746

Eliminated on disposal

-

(837

)

(837

)

At 28 February 2026

282

11,077

2,839

14,198

NET BOOK VALUE

At 28 February 2026

217

391

830

1,438

At 28 February 2025

289

521

724

1,534

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

Trade debtors

280

-

Other debtors

29,248

15,363

29,528

15,363

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.26

28.2.25

£

Bank loans and overdrafts

4,808

-

Hire purchase contracts

696

-

Trade creditors

1,548

596

Taxation and social security

18,732

20,461

Other creditors

8,723

6,725

34,507

27,782

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

28.2.26

28.2.25

£

Bank loans

7,258

-

8.	PROVISIONS FOR LIABILITIES

28.2.26

28.2.25

£

Deferred tax

273

291

Deferred

tax

£

Balance at 1 March 2025

291

Provided during year

(18

)

Balance at 28 February 2026

273

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.26

28.2.25

value:

£

56

Ordinary

1

56

24

Ordinary A

1

24

80

10.

RESERVES

Retained

earnings

£

At 1 March 2025

168

Profit for the year

24,267

Dividends

(24,100

)

At 28 February 2026

335

11.	RELATED PARTY DISCLOSURES

During the year, total dividends of £24,100 (2025 - £32,500) were paid to the directors .

At 28 February 2025 the directors owed the company £9,249. During the year the company met expenses on behalf of the directors totalling £5,406. As at 28 February 2026 the directors owed the company £14,655. This loan is interest free and has no fixed terms of repayment.