Electrical Solutions (Scotland) Limited Filleted accounts for Companies House (small and micro)
Electrical Solutions (Scotland) Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
SC295165
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Financial Statements |
Year ended 31 January 2022
Contents |
Page |
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements |
1 |
Statement of financial position |
2 |
Notes to the financial statements |
4 |
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Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
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Year ended 31 January 2022
4 Eaglesham Road
Clarkston
Glasgow
G76 7BT
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Statement of Financial Position |
2022 |
2021 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Stocks |
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Debtors |
6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
7 |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
8 |
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Provisions
Taxation including deferred tax |
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Net assets |
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Statement of Financial Position (continued) |
2022 |
2021 |
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Note |
£ |
£ |
£ |
Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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These financial statements were approved by the
board of directors
and authorised for issue on
22 April 2022
, and are signed on behalf of the board by:
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Director |
Company registration number:
SC295165
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Notes to the Financial Statements |
Year ended 31 January 2022
1.
General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 47-51 Glasgow Road, Rutherglen, Glasgow, G73 1LJ.
2.
Statement of compliance
3.
Accounting policies
1
Basis of preparation
2
Revenue recognition
3
Tax
4
Tangible assets
5
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold Property |
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Plant and machinery |
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Fixtures and fittings |
- |
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6
Stocks
7
Provisions
8
Financial instruments
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 entity after deducting all of its financial liabilities.
9
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
21
(2021:
26
).
5.
Tangible assets
Freehold property |
Plant and machinery |
Fixtures and fittings |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 February 2021 |
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Additions |
– |
– |
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At 31 January 2022 |
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Depreciation |
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At 1 February 2021 |
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Charge for the year |
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At 31 January 2022 |
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Carrying amount |
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At 31 January 2022 |
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At 31 January 2021 |
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6.
Debtors
2022 |
2021 |
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£ |
£ |
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Trade debtors |
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Other debtors |
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7.
Creditors:
amounts falling due within one year
2022 |
2021 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Accruals and deferred income |
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Corporation tax |
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Social security and other taxes |
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The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets.
8.
Creditors:
amounts falling due after more than one year
2022 |
2021 |
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£ |
£ |
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Bank loans and overdrafts |
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The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets.
9.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
2022 |
2021 |
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£ |
£ |
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Not later than 1 year |
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Later than 1 year and not later than 5 years |
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Later than 5 years |
– |
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10.
Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2022 |
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Balance brought forward |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
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– |
– |
– |
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2021 |
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Balance brought forward |
Amounts repaid |
Balance outstanding |
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£ |
£ |
£ |
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(
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– |
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