Company No: 07365434 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	C Raymond
	D Raymond

REGISTERED OFFICE	14 Tavistock Avenue Mill Hill
	London
	NW7 1GA
	United Kingdom

COMPANY NUMBER

07365434 (England and Wales)

ACCOUNTANT	Gravita Essex Limited
	Kings House
	101-135 Kings Road
	Brentwood
	Essex
	CM14 4DR
	United Kingdom

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	872		1,163
Tangible assets	4	42,607		13,819
		43,479		14,982
Current assets
Debtors	5	8,005		5,568
Investments		100,000		0
Cash at bank and in hand	6	721,397		943,978
		829,402		949,546
Creditors: amounts falling due within one year	7	( 54,533)		( 101,254)
Net current assets		774,869		848,292
Total assets less current liabilities		818,348		863,274
Creditors: amounts falling due after more than one year	8	( 34,177)		0
Net assets		784,171		863,274
Capital and reserves
Called-up share capital		10		10
Profit and loss account		784,161		863,264
Total shareholders' funds		784,171		863,274

For the financial year ending 31 December 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 financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Dalcon Electronics Limited (registered number: 07365434) were approved and authorised for issue by the Board of Directors on 31 March 2026. They were signed on its behalf by:

C Raymond Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Dalcon Electronics Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 14 Tavistock Avenue Mill Hill, London, NW7 1GA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

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. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles	4 years straight line
Fixtures and fittings	4 years straight line
Computer equipment	4 years straight line

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

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.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Intangible assets

	Trademarks, patents and licences		Total
	£		£
Cost
At 01 January 2025	2,915		2,915
At 31 December 2025	2,915		2,915
Accumulated amortisation
At 01 January 2025	1,752		1,752
Charge for the financial year	291		291
At 31 December 2025	2,043		2,043
Net book value
At 31 December 2025	872		872
At 31 December 2024	1,163		1,163

4. Tangible assets

	Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£
Cost
At 01 January 2025	119,050		1,450		4,820		125,320
Additions	55,390		493		0		55,883
Disposals	( 70,070)		( 480)		( 1,318)		( 71,868)
Rounding difference	0		0		1		1
At 31 December 2025	104,370		1,463		3,503		109,336
Accumulated depreciation
At 01 January 2025	106,804		1,090		3,607		111,501
Charge for the financial year	26,094		123		519		26,736
Disposals	( 70,070)		( 120)		( 1,318)		( 71,508)
At 31 December 2025	62,828		1,093		2,808		66,729
Net book value
At 31 December 2025	41,542		370		695		42,607
At 31 December 2024	12,246		360		1,213		13,819

5. Debtors

	2025		2024
	£		£
Trade debtors	0		3,162
Corporation tax	1,857		0
Other debtors	6,148		2,406
	8,005		5,568

6. Cash and cash equivalents

	2025		2024
	£		£
Cash at bank and in hand	721,397		943,978

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	200		32,584
Taxation and social security	6,388		22,784
Obligations under finance leases and hire purchase contracts	2,475		0
Other creditors	45,470		45,886
	54,533		101,254

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts	34,177		0

There are no amounts included above in respect of which any security has been given by the small entity.