ENERGY_TECHNOLOGY_CENTRE_LIMITED_31_Jul_2025_companies_house_set_of

Energy Technology Centre Limited

Statement of Financial Position

31 July 2025

		2025		2024
	Note	£		£
Fixed assets
Intangible assets	6	34,217		45,938
Tangible assets	7	1,031,425		1,090,171
		1,065,642		1,136,109
Current assets
Debtors	8	27,860		38,031
Cash at bank and in hand		21,942		56,609
		49,802		94,640
Creditors: amounts falling due within one year	9	(157,546	)	(185,652	)
Net current liabilities		(107,744	)	(91,012	)
Total assets less current liabilities		957,898		1,045,097
Creditors: amounts falling due after more than one year	10	(1,017,964	)	(1,040,988	)
Provisions for liabilities		(4,949	)	(25,452	)
Net liabilities		(65,015	)	(21,343	)
Capital and reserves
Profit and loss account		(65,015	)	(21,343	)
Members deficit		(65,015	)	(21,343	)

For the year ending

31 July 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 financial statements for the year in question in accordance with section 476;
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These

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.

These

financial statements

were approved by the board of directors and authorised for issue on

11 June 2026

, and are signed on behalf of the board by:

Dr J Bingham

Director

Company registration number:

SC345129

Energy Technology Centre Limited

Notes to the Financial Statements

Year ended

31 July 2025

1 General information

The company is a private company limited by guarantee and is registered in Scotland. The address of the registered office is

Energy Technology Centre Rankine Avenue

Scottish Enterprise Technology Park, East Kilbride

Glasgow

G75 0QF

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future and the going concern basis of preparation is appropriate. At the balance sheet date, the company had net liabilities amounting to £65,015 (2024: £21,343). The director believes that it remains appropriate to prepare the accounts on the going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Intangible assets

Intangible assets are initially measured at cost and are subsequently measured at cost less any accumulated amortisation and accumulated impairment losses or at a revalued amount. Any intangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Intangible assets comprise of payments made to acquire intellectual property and development costs.

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Development costs

7 years straight line

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Land and buildings	Straight line over 25 years
Plant and machinery	varying rates on cost
Fixtures and fittings	varying rates on cost
Motor vehicles	33% on cost

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Government grants

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in immediately.

Any reversals of impairment are recognised in immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Defined contribution pension plan

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4 Limited by guarantee

The company is limited by guarantee and has no share capital. The liability of each member in the event of winding-up is limited to £1.

5 Average number of employees

The average number of persons employed by the company during the year was

(2024:

6 Intangible assets

	Other intangible assets
	£
Cost
At 1 August 2024 and 31 July 2025	85,443
Amortisation
At 1 August 2024	39,505
Charge	11,721
At 31 July 2025	51,226
Carrying amount
At 31 July 2025	34,217
At 31 July 2024	45,938

7 Tangible assets

	Land and buildings	Plant and machinery etc.	Total
	£	£	£
Cost
At 1 August 2024 and 31 July 2025	1,012,551	748,887	1,761,438
Depreciation
At 1 August 2024	445,443	225,824	671,267
Charge	40,502	18,244	58,746
At 31 July 2025	485,945	244,068	730,013
Carrying amount
At 31 July 2025	526,606	504,819	1,031,425
At 31 July 2024	567,108	523,063	1,090,171

8 Debtors

	2025	2024
	£	£
Trade debtors	13,783	11,614
Other debtors	14,077	26,417
	27,860	38,031

9 Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	50,000	50,000
Trade creditors	30,725	46,014
Taxation and social security	12,560	11,708
Other creditors	64,261	77,930
	157,546	185,652

10 Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	37,500	87,500
Other creditors	980,464	953,488
	1,017,964	1,040,988