Barry Chapman Electrical Services Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: SC393490

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		55,319		51,179

			55,319		51,179
CURRENT ASSETS
Stocks	5	7,311		1,296
Debtors	6	48,313		27,606
Cash at bank and in hand		61,221		65,053

		116,845		93,955
Creditors: Amounts Falling Due Within One Year	7	(53,587 )		(23,896 )

NET CURRENT ASSETS (LIABILITIES)			63,258		70,059

TOTAL ASSETS LESS CURRENT LIABILITIES			118,577		121,238

PROVISIONS FOR LIABILITIES
Deferred Taxation	8		(10,511 )		(9,724 )

NET ASSETS			108,066		111,514

CAPITAL AND RESERVES
Called up share capital	9		2		2
Profit and Loss Account			108,064		111,512

SHAREHOLDERS' FUNDS			108,066		111,514

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Barry Chapman Electrical Services Limited

Balance Sheet (continued)

As At 28 February 2026

For the year ending 28 February 2026 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 directors acknowledge their 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

Mr Barry Chapman

Director

2 October 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Barry Chapman Electrical Services Limited is a private company, limited by shares, incorporated in Scotland, registered number SC393490 . The registered office is Sillerdeen Barreldykes Way, Old Rayne, Insch, Aberdeenshire, AB52 6SA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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 rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% straight line
Motor Vehicles	15% reducing balance

2.4. Stocks and Work in Progress

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Financial Instruments

2.6. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

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Barry Chapman Electrical Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

2.7. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.8. Government Grant

Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.

Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.

All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.

2.9. Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event which it is probable will result in the transfer of economic benefits and that obligation can be estimated reliably.

Provisions are measured as the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 3)

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Total
	£	£	£
Cost
As at 1 March 2025	12,745	54,001	66,746
Additions	1,669	14,000	15,669

As at 28 February 2026	14,414	68,001	82,415

Depreciation
As at 1 March 2025	6,150	9,417	15,567
Provided during the period	2,741	8,788	11,529

As at 28 February 2026	8,891	18,205	27,096

Net Book Value
As at 28 February 2026	5,523	49,796	55,319

As at 1 March 2025	6,595	44,584	51,179

5. Stocks

	2026	2025
	£	£
Materials	7,311	1,296

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Barry Chapman Electrical Services Limited

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2026

6. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	31,957	17,474
Other debtors	16,356	10,132

	48,313	27,606

7. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Trade creditors	44,446	9,250
Other creditors	3,559	2,632
Taxation and social security	5,582	12,014

	53,587	23,896

8. Deferred Taxation

The provision for deferred tax is made up as follows:

	2026	2025
	£	£
Other timing differences	10,511	9,724

9. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
1 Ordinary A shares of £ 1.000 each	1	1
1 Ordinary B shares of £ 1.000 each	1	1

	2	2

10. Controlling Party

The company was under the joint control of Mr and Mrs Chapman by virtue of their ownership of 100% of the issued share capital in the company.

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