Electronic Technicians Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 10

Electronic Technicians Limited

Balance Sheet

30 June 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	1,000,327	629,375
Other financial assets	6	153	153
		1,000,480	629,528
Current assets
Stocks	7	710,753	643,596
Debtors	8	926,246	1,362,381
Cash at bank and in hand		189,273	500,455
		1,826,272	2,506,432
Creditors: Amounts falling due within one year	9	(1,646,560)	(2,476,778)
Net current assets		179,712	29,654
Total assets less current liabilities		1,180,192	659,182
Creditors: Amounts falling due after more than one year	9	(383,142)	(239,396)
Provisions for liabilities		(246,718)	(149,193)
Net assets		550,332	270,593
Capital and reserves
Called up share capital		422	422
Other reserves		30	30
Profit and loss account		549,880	270,141
Shareholders' funds		550,332	270,593

Electronic Technicians Limited

Balance Sheet

30 June 2025

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 21 October 2025 and signed on its behalf by:
 

......................................... J Arnold Director

Electronic Technicians Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
41/43 Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7QZ

These financial statements were authorised for issue by the Board on 21 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

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 Section 1A and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements have been presented in British pound sterling and rounded to the nearest whole pound.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when the goods are delivered and the significant risks and rewards of ownership have passed to the buyer.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Electronic Technicians Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2025

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	15% p.a reducing balance basis
Fixtures and fittings	15% p.a reducing balance basis
Motor vehicles	25% p.a reducing balance basis
Improvement of leasehold property	Over the lease term

Goodwill

Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Electronic Technicians Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2025

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	20% p.a straight line basis

Investments

Investments in subsidiaries are stated at historical cost less provision for any diminution in value.

Other investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Dividends on equity securities are recognised in income when receivable.

Stocks

Work in progress is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Electronic Technicians Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2025

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans and overdrafts;
• Hire purchase liabilities; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 47 (2024 - 41).

Electronic Technicians Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2025

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 July 2024	140,654	140,654
At 30 June 2025	140,654	140,654
Amortisation
At 1 July 2024	140,654	140,654
At 30 June 2025	140,654	140,654
Carrying amount
At 30 June 2025	-	-

Electronic Technicians Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2025

5	Tangible assets

	Leasehold improvements £	Fixtures and fittings £	Plant and machinery £	Total £
Cost or valuation
At 1 July 2024	64,371	324,786	1,644,468	2,033,625
Additions	20,119	1,021	482,405	503,545
At 30 June 2025	84,490	325,807	2,126,873	2,537,170
Depreciation
At 1 July 2024	38,236	269,267	1,096,747	1,404,250
Charge for the year	4,160	6,940	121,493	132,593
At 30 June 2025	42,396	276,207	1,218,240	1,536,843
Carrying amount
At 30 June 2025	42,094	49,600	908,633	1,000,327
At 30 June 2024	26,135	55,519	547,721	629,375

6	Other investments

	2025 £	2024 £
Non-current financial assets
Financial assets at fair value through profit and loss	153	153

7

Stocks

	2025 £	2024 £
Work in progress	710,753	643,596

Electronic Technicians Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2025

8

Debtors

	Note	2025 £	2024 £
Trade debtors		891,873	1,184,267
Amounts owed by group undertakings	12	-	66,860
Prepayments		34,191	33,992
Other debtors		182	77,262
		926,246	1,362,381

9

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	838,171	617,140
Trade creditors		558,376	1,009,442
Amounts owed to group undertakings	12	31,140	-
Taxation and social security		181,097	92,546
Accruals and deferred income		8,000	739,122
Other creditors		29,776	18,528
		1,646,560	2,476,778

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	383,142	139,396
Deferred income		-	100,000
		383,142	239,396

Electronic Technicians Limited

Notes to the Unaudited Financial Statements

Year Ended 30 June 2025

10	Loans and borrowings

	2025 £	2024 £
Loans and borrowings due after one year
Bank borrowings	-	59,634
HP and finance lease liabilities	383,142	79,762
	383,142	139,396