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REGISTERED NUMBER: 01346001 (England and Wales)















ETLG Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024






ETLG Limited (Registered number: 01346001)

Contents of the Financial Statements
for the year ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ETLG Limited

Company Information
for the year ended 31 December 2024







Directors: D R Noble
D Noble
F A Noble





Secretary: D Noble





Registered office: C/O Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 01346001 (England and Wales)





Accountants: Cooper Parry Advisory Limited
1st Floor, Abbey Square
Davidson House
The Forbury
Reading
RG1 3EU

ETLG Limited (Registered number: 01346001)

Balance Sheet
31 December 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 18,807 21,956
Investments 5 - 52
18,807 22,008

Current assets
Stocks 29,000 28,525
Debtors 6 196,692 148,132
Cash at bank 32,555 206,093
258,247 382,750
Creditors
Amounts falling due within one year 7 243,591 376,760
Net current assets 14,656 5,990
Total assets less current liabilities 33,463 27,998

Creditors
Amounts falling due after more than one
year

8

-

11,707
Net assets 33,463 16,291

Capital and reserves
Called up share capital 9 6,000 6,000
Retained earnings 27,463 10,291
Shareholders' funds 33,463 16,291

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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.

ETLG Limited (Registered number: 01346001)

Balance Sheet - continued
31 December 2024


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 26 March 2025 and were signed on its behalf by:





D Noble - Director


ETLG Limited (Registered number: 01346001)

Notes to the Financial Statements
for the year ended 31 December 2024


1. Statutory information

ETLG Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Accounting convention
These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings (Freehold)50 years straight line
Land and buildings (Leasehold)20% straight line
Equipment for customer hire33.3% reducing balance
Fixtures, fittings & equipment10% reducing balance / 20% straight line
Motor vehicles25% reducing balance

Fixed asset investments
Interests in subsidiaries, are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand and deposits held at call with banks.

ETLG Limited (Registered number: 01346001)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


2. Accounting policies - continued

Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs. Financial assets including trade debtors, classified as receivable within one year are not amortised.

Classification of financial liabilities
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 company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, are recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed. Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease.

ETLG Limited (Registered number: 01346001)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


2. Accounting policies - continued

Retirement benefits
The company operates a defined contribution scheme for the benefit of its employees and directors. Contributions payable are charged to the profit and loss account in the year they are payable.

Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Taxation
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing difference and deferred tax assets are recognised 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 3 (2023 - 2 ) .

4. Tangible fixed assets
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£ £ £ £ £
Cost
At 1 January 2024 93,982 15,438 42,354 26,690 178,464
Additions - - 3,701 - 3,701
At 31 December 2024 93,982 15,438 46,055 26,690 182,165
Depreciation
At 1 January 2024 88,351 15,438 31,368 21,351 156,508
Charge for year 2,414 - 3,201 1,235 6,850
At 31 December 2024 90,765 15,438 34,569 22,586 163,358
Net book value
At 31 December 2024 3,217 - 11,486 4,104 18,807
At 31 December 2023 5,631 - 10,986 5,339 21,956

ETLG Limited (Registered number: 01346001)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


5. Fixed asset investments

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Aerosystems UK Limited
Registered office: England and Wales
Nature of business:
%
Class of shares: holding
Ordinary 100.00

6. Debtors
2024 2023
£ £
Amounts falling due within one year:
Trade debtors 109,785 60,075
Prepayments 10,259 18,711
120,044 78,786

Amounts falling due after more than one year:
Directors' loan accounts 76,648 69,346

Aggregate amounts 196,692 148,132

7. Creditors: amounts falling due within one year
2024 2023
£ £
Other loans 52,040 128,405
Trade creditors 51,769 166,435
Amounts owed to group undertakings - 100
Tax 72,824 15,329
Social security and other taxes 59,222 58,137
Other creditors 1,391 1,216
Accruals and deferred income 6,345 7,138
243,591 376,760

Included in other loans is £52,040 (2023: £128,405) secured by fixed and floating charges.

8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Directors' loan accounts - 11,707

ETLG Limited (Registered number: 01346001)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
49,999 Ordinary 'A' 10p 5,000 5,000
10,000 Ordinary 'B' 10p 1,000 1,000
6,000 6,000

10. Financial commitments, guarantees and contingent liabilities

There is a performance bond of £12,000 (2023 - £12,000) in favour of HM Customs and Excise.

11. Directors' advances, credits and guarantees

Included in other debtors falling due after more than one year is £76,649 (2023: £51,618 owed to), owed by the directors to the company. This balance has been repaid to the company within nine months of the date of these financial statements.