| |
|
2026
£ |
|
|
2025
£ |
|
| Fixed assets |
|
|
18,448 |
|
|
10,704 |
| Current assets |
|
9,804 |
|
|
5,900 |
|
| Creditors: amount falling due within one year |
|
(14,041) |
|
|
(6,446) |
|
|
Net current assets/(liabilities)
|
|
|
(4,237) |
|
|
(546) |
|
Total assets less current liabilities
|
|
|
14,211 |
|
|
10,158 |
| Creditors: amount falling due after more than one year |
|
|
(7,438) |
|
|
(9,353) |
|
Net assets/(liabilities)
|
|
|
6,773 |
|
|
805 |
| |
|
|
|
|
|
Capital and reserves
|
|
|
6,773 |
|
|
805 |
| |
Statutory Information
Steven Gain Electrical Limited is a private limited company, limited by shares, domiciled in Scotland, registration number SC685232, registration address 26 Carlaverock Grove, Tranent, EH33 2EB, Scotland.
The presentation currency is £ sterling.
| 1. |
Accounting Policies
Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:| Plant and Machinery | 20% Reducing Balance | | Motor Vehicles | 20% Reducing Balance |
|
| 2. |
Tangible assets
| Cost or Valuation |
|
Plant and Machinery |
|
Motor Vehicles |
|
Total |
| |
|
£ |
|
£ |
|
£ |
| At 01 February 2025 |
|
2,831 |
|
19,204 |
|
22,035 |
| Additions |
|
1,861 |
|
10,495 |
|
12,356 |
| At 31 January 2026 |
|
4,692 |
|
29,699 |
|
34,391 |
| Depreciation |
| At 01 February 2025 |
|
987 |
|
10,344 |
|
11,331 |
| Charge for year |
|
741 |
|
3,871 |
|
4,612 |
| At 31 January 2026 |
|
1,728 |
|
14,215 |
|
15,943 |
| Net book values |
| Closing balance as at 31 January 2026 |
|
2,964 |
|
15,484 |
|
18,448 |
| Opening balance as at 01 February 2025 |
|
1,844 |
|
8,860 |
|
10,704 |
|
| 3. |
Average number of employees
Average number of employees during the year was 1 (2025: 1).
|
Director's Responsibilities: - For the year ended 31 January 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 of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Signed on behalf of the board of directors: --------------------------------------------- Steven Gain
Director | | |
Date approved: 30 October 2026
1
|