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Registration number: SC341170

Electrotech Marine Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 April 2025

Electrotech Marine Limited

Contents

Company Information | 1
Director's Report | 2
Accountants' Report | 3
Profit and Loss Account | 4
Statement of Comprehensive Income | 5
Balance Sheet | 6
Statement of Changes in Equity | 7
Notes to the Unaudited Financial Statements | 8 to 14

Electrotech Marine Limited

Company Information

Director | Mr David Simcox

Registered office | Glenshellach Terrace Oban Argyll Argyll PA34 4PP

Accountants | Jack MacDonald & Co Cuan Aille 1 Aldersyde Taynuilt Argyll PA35 1AG

Electrotech Marine Limited

Director's Report for the Year Ended 30 April 2025

The director presents his report and the financial statements for the year ended 30 April 2025.

Director of the company

The director who held office during the year was as follows:

Mr David Simcox

Principal activity

The principal activity of the company is marine electrician services

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 10 November 2025

......................................... Mr David Simcox Director

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Electrotech Marine Limited
for the Year Ended 30 April 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Electrotech Marine Limited for the year ended 30 April 2025 as set out on pages 4 to 14 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Electrotech Marine Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Electrotech Marine Limited and state those matters that we have agreed to state to the Board of Directors of Electrotech Marine Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Electrotech Marine Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Electrotech Marine Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Electrotech Marine Limited. You consider that Electrotech Marine Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Electrotech Marine Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................
Jack MacDonald & Co
Cuan Aille
1 Aldersyde
Taynuilt
Argyll
PA35 1AG

10 November 2025

Electrotech Marine Limited

Profit and Loss Account for the Year Ended 30 April 2025

| Note | 2025 £ | 2024 £
Turnover |  | 291,899 | 282,133
Cost of sales |  | (141,766) | (148,789)
Gross profit |  | 150,133 | 133,344
Administrative expenses |  | (47,284) | (48,759)
Operating profit |  | 102,849 | 84,585
Profit before tax | 3 | 102,849 | 84,585
Tax on profit |  | (18,887) | (16,472)
Profit for the financial year |  | 83,962 | 68,113

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

Electrotech Marine Limited

Statement of Comprehensive Income for the Year Ended 30 April 2025

| 2025 £ | 2024 £
Profit for the year | 83,962 | 68,113
Total comprehensive income for the year | 83,962 | 68,113

Electrotech Marine Limited

(Registration number: SC341170)
Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 40,326 | 24,391
Current assets |  |  |
Debtors | 6 | 35,820 | 65,332
Cash at bank and in hand |  | 59,643 | -
|  | 95,463 | 65,332
Creditors: Amounts falling due within one year | 7 | (59,874) | (57,511)
Net current assets |  | 35,589 | 7,821
Total assets less current liabilities |  | 75,915 | 32,212
Creditors: Amounts falling due after more than one year | 7 | (5,802) | (10,061)
Net assets |  | 70,113 | 22,151
Capital and reserves |  |  |
Called up share capital | 8 | 10 | 10
Retained earnings |  | 70,103 | 22,141
Shareholders' funds |  | 70,113 | 22,151

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

Director's 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 director acknowledges his 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 in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 10 November 2025

......................................... Mr David Simcox Director

Electrotech Marine Limited

Statement of Changes in Equity for the Year Ended 30 April 2025

| Share capital £ | Retained earnings £ | Total £
At 1 May 2024 | 10 | 22,141 | 22,151
Profit for the year | - | 83,962 | 83,962
Dividends | - | (36,000) | (36,000)
At 30 April 2025 | 10 | 70,103 | 70,113

| Share capital £ | Retained earnings £ | Total £
At 1 May 2023 | 10 | 12,028 | 12,038
Profit for the year | - | 68,113 | 68,113
Dividends | - | (58,000) | (58,000)
At 30 April 2024 | 10 | 22,141 | 22,151

Electrotech Marine Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

1 | 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 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current 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 income 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.

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 & machinery | 20% reducing balance
Motor vehicles | 20% reducing balance

Electrotech Marine Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

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 | 10% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Electrotech Marine Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

2 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

3 | Profit before tax

Arrived at after charging/(crediting)

| 2025 £ | 2024 £
Depreciation expense | 10,081 | 6,097

Electrotech Marine Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4 | Intangible assets

| Goodwill £ | Total £
Cost or valuation
At 1 May 2024 | 15,000 | 15,000
At 30 April 2025 | 15,000 | 15,000
Amortisation
At 1 May 2024 | 15,000 | 15,000
At 30 April 2025 | 15,000 | 15,000
Carrying amount
At 30 April 2025 | - | -

5 | Tangible assets

| Motor vehicles £ | Other tangible assets £ | Total £
Cost or valuation
At 1 May 2024 | 71,904 | 49,808 | 121,712
Additions | 26,016 | - | 26,016
At 30 April 2025 | 97,920 | 49,808 | 147,728
Depreciation
At 1 May 2024 | 64,403 | 32,918 | 97,321
Charge for the year | 6,703 | 3,378 | 10,081
At 30 April 2025 | 71,106 | 36,296 | 107,402
Carrying amount
At 30 April 2025 | 26,814 | 13,512 | 40,326
At 30 April 2024 | 7,501 | 16,890 | 24,391

6 | Debtors

Electrotech Marine Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Current | 2025 £ | 2024 £
Trade debtors | 35,820 | 46,637
Other debtors | - | 18,695
| 35,820 | 65,332

Electrotech Marine Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 9 | - | 7,295
Trade creditors |  | 29,161 | 18,820
Taxation and social security |  | 29,373 | 30,084
Accruals and deferred income |  | 300 | 300
Other creditors |  | 1,040 | 1,012
|  | 59,874 | 57,511

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 5,802 | 10,061

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 10 | 10 | 10 | 10

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 5,802 | 10,061

Current loans and borrowings

| 2025 £ | 2024 £
Bank overdrafts | - | 7,295

Electrotech Marine Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

10 | Dividends

|  | 2025 |  | 2024
|  | £ |  | £
Interim dividend of £3,600.00 (2024 - £5,800.00) per ordinary share |  | 36,000 |  | 58,000

11 | Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

| 2025 £ | 2024 £
Remuneration | 7,000 | 7,000