REGISTERED NUMBER: SC714792 (Scotland)

E-Tooling Limited

Unaudited Financial Statements

for the Year Ended 31st March 2025

Page

Company information

1

Balance sheet

2

to

3

Notes to the financial statements

4

to

7

Directors:

R Barr

G Crake

B J McCrory

Secretary:

B J McCrory

Registered office:

Hurlawcrook Road

East Kilbride

Glasgow

G75 0ZZ

Registered number:

SC714792 (Scotland)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Intangible assets

4

28,240

33,800

Tangible assets

5

54,665

64,148

82,905

97,948

Current assets

Stocks

25,250

163,765

Debtors

6

748,723

191,641

Cash at bank and in hand

143,362

99,251

917,335

454,657

Creditors

Amounts falling due within one year

7

976,368

435,564

Net current (liabilities)/assets

(59,033

)

19,093

Total assets less current liabilities

23,872

117,041

Creditors

Amounts falling due after more than one year

8

(173,919

)

(196,666

)

Provisions for liabilities

-

(2,984

)

Net liabilities

(150,047

)

(82,609

)

Capital and reserves

Called up share capital

10

10

Retained earnings

(150,057

)

(82,619

)

(150,047

)

(82,609

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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.

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 Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th December 2025 and were signed on its behalf by:

B J McCrory - Director

1.	Statutory information

E-Tooling Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

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 the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2023 is being amortised over its estimated useful life of 5 years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery

-

15% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completion.

Financial instruments

The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals, bank loans, shareholders' loans and directors' loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), shareholders' loans, trade debtors, trade creditors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits

Short term employee benefits, including holiday pay, are recognised as an expense in the Statement of Income and Retained Earnings in the period in which they are incurred.

Going concern

The company has a deficit on the balance sheet and relies on the support of its shareholders and creditors, which has been confirmed for a period of at least twelve months from the approval of the financial statements. Accordingly the directors have prepared the financial statements on the going concern basis

3.	Employees and directors

The average number of employees during the year was 13 (2024 - 12 ) .

4.	Intangible fixed assets

Goodwill

£

Cost

At 1st April 2024

42,250

Additions

1,500

At 31st March 2025

43,750

Amortisation

At 1st April 2024

8,450

Amortisation for year

7,060

At 31st March 2025

15,510

Net book value

At 31st March 2025

28,240

At 31st March 2024

33,800

5.	Tangible fixed assets

Plant and

machinery

£

Cost

At 1st April 2024

and 31st March 2025

85,901

Depreciation

At 1st April 2024

21,753

Charge for year

9,483

At 31st March 2025

31,236

Net book value

At 31st March 2025

54,665

At 31st March 2024

64,148

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

728,725

105,346

Other debtors

19,998

86,295

748,723

191,641

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

20,000

20,000

Trade creditors

132,135

205,341

Taxation and social security

207,554

118,092

Other creditors

616,679

92,131

976,368

435,564

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

173,919

196,666

9.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

193,919

216,666

Scottish Growth Scheme - Business Loans Scotland Debt Finance L.P. holds a floating charge over all the property or undertaking of the company.