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REGISTERED NUMBER: SC289495 (Scotland)

Financial Statements

for the Year Ended

31 October 2025

for

THE ELECTRIC HEATING COMPANY LTD

THE ELECTRIC HEATING COMPANY LTD (REGISTERED NUMBER: SC289495)

Contents of the Financial Statements

for the Year Ended 31 October 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

THE ELECTRIC HEATING COMPANY LTD

Company Information

for the Year Ended 31 October 2025

| DIRECTORS: | T W Walters

| C Allan

| D Leng

| D Barrett

| REGISTERED OFFICE: | Block 5, Unit 40

| Third Road

| Blantyre Industrial Estate

| Blantyre

| G72 0UP

| REGISTERED NUMBER: | SC289495 (Scotland)

| AUDITORS: | WDM Associates (Statutory Auditors)

| Oakfield House

| 378 Brandon Street

| Motherwell

| ML1 1XA

THE ELECTRIC HEATING COMPANY LTD (REGISTERED NUMBER: SC289495)

Balance Sheet

31 October 2025

| 2025 |  | 2024

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 41,526 |  | 50,963 |  |

CURRENT ASSETS

Stocks | 526,010 |  | 463,860 |  |

Debtors | 5 | 4,443,125 |  | 4,527,730 |  |

Cash at bank and in hand | 413,271 |  | 227,318 |  |

5,382,406 |  | 5,218,908 |  |

CREDITORS

Amounts falling due within one year | 6 | (927,234 | ) | (770,057 | ) |

NET CURRENT ASSETS | 4,455,172 |  | 4,448,851 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,496,698 |  | 4,499,814 |  |

CREDITORS

Amounts falling due after more than one year | 7 | - |  | (11,179 | ) |

NET ASSETS | 4,496,698 |  | 4,488,635 |  |

CAPITAL AND RESERVES

Called up share capital | 17,022 |  | 17,022 |  |

Share premium | 28,974 |  | 28,974 |  |

Retained earnings | 4,450,702 |  | 4,442,639 |  |

SHAREHOLDERS' FUNDS | 4,496,698 |  | 4,488,635 |  |

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 22 June 2026 and were signed on its behalf by:

D Barrett - Director

THE ELECTRIC HEATING COMPANY LTD (REGISTERED NUMBER: SC289495)

Notes to the Financial Statements

for the Year Ended 31 October 2025

1. | STATUTORY INFORMATION

| The Electric Heating Company Ltd 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 represents the amounts derived from the provision of goods and services, excluding value added tax and trade discounts.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery | - | 15% on reducing balance

| Fixtures and fittings | - | 50% on cost and 20% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Stocks

| Stocks are valued at lower of cost and estimated selling price less costs to complete and sell. Stock is calculated on a first in first out basis and consists of goods for resale.

| Basic financial instruments

| Basic financial instruments, which include trade and other debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.

| 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.

THE ELECTRIC HEATING COMPANY LTD (REGISTERED NUMBER: SC289495)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| 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

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| 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.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 19 (2024 - 20 ) .

THE ELECTRIC HEATING COMPANY LTD (REGISTERED NUMBER: SC289495)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

4. | TANGIBLE FIXED ASSETS

| Fixtures |

| Plant and |  | and |  | Motor |

| machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST

| At 1 November 2024 | 22,299 |  | 157,528 |  | 35,403 |  | 215,230 |  |

| Additions | - |  | 1,982 |  | - |  | 1,982 |  |

| At 31 October 2025 | 22,299 |  | 159,510 |  | 35,403 |  | 217,212 |  |

| DEPRECIATION

| At 1 November 2024 | 20,403 |  | 125,889 |  | 17,975 |  | 164,267 |  |

| Charge for year | 336 |  | 6,727 |  | 4,356 |  | 11,419 |  |

| At 31 October 2025 | 20,739 |  | 132,616 |  | 22,331 |  | 175,686 |  |

| NET BOOK VALUE

| At 31 October 2025 | 1,560 |  | 26,894 |  | 13,072 |  | 41,526 |  |

| At 31 October 2024 | 1,896 |  | 31,639 |  | 17,428 |  | 50,963 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 November 2024

| and 31 October 2025 | 35,403 |  |

| DEPRECIATION

| At 1 November 2024 | 17,975 |  |

| Charge for year | 4,356 |  |

| At 31 October 2025 | 22,331 |  |

| NET BOOK VALUE

| At 31 October 2025 | 13,072 |  |

| At 31 October 2024 | 17,428 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 643,368 |  | 633,612 |  |

| Amounts owed by group undertakings | 3,767,963 |  | 3,863,924 |  |

| Deferred tax asset | 4,077 |  | 3,230 |  |

| Prepayments | 27,717 |  | 26,964 |  |

4,443,125 |  | 4,527,730 |  |

THE ELECTRIC HEATING COMPANY LTD (REGISTERED NUMBER: SC289495)

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 11,179 |  | 4,060 |  |

| Trade creditors | 662,232 |  | 453,041 |  |

| Tax | 3,672 |  | 44,391 |  |

| Social security and other taxes | 31,759 |  | 29,194 |  |

| VAT | 161,512 |  | 185,396 |  |

| Accrued expenses | 56,880 |  | 53,975 |  |

927,234 |  | 770,057 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | - |  | 11,179 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 11,179 |  | 15,239 |  |

| Hire purchase creditors are secured over the assets concerned.

9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

| The Report of the Auditors was unqualified.

| Graham Bonomy (Senior Statutory Auditor)

| for and on behalf of WDM Associates (Statutory Auditors)

10. | RELATED PARTY DISCLOSURES

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.