Registrar

Registration number: 01446958

Eltime Limited

Contents

Company Information	1
Director's Report	2
Balance Sheet	3 to 4
Notes to the Unaudited Financial Statements	5 to 10

Eltime Limited

Company Information

Directors

D N Hurst

Company secretary

M R Hurst

Registered office

3 Warners Mill Silks Way Braintree Essex CM7 3GB

Bankers

Santander UK Plc Bridle Road Bootle Merseyside L30 4GB

Accountants

Lambert Chapman LLP Chartered accountants 3 Warners Mill Silks Way Braintree Essex CM7 3GB

Eltime Limited

Director's Report for the Year Ended 30 November 2025

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

Director of the company

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

D N Hurst

Principal activity

The principal activity of the company is the manufacture of electronic measuring devices

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 by the director on 14 July 2026 and signed on its behalf by:

D N Hurst
Director

Eltime Limited

(Registration number: 01446958)
Balance Sheet as at 30 November 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	6	1,000,866	1,001,083
Investment property	7	2,000,000	2,000,000
		3,000,866	3,001,083
Current assets
Stocks	8	286,937	331,616
Debtors	9	218,243	419,271
Cash at bank and in hand		228,958	148,837
		734,138	899,724
Creditors: Amounts falling due within one year	10	(64,764)	(208,185)
Net current assets		669,374	691,539
Total assets less current liabilities		3,670,240	3,692,622
Provisions for liabilities		(140,020)	(140,020)
Net assets		3,530,220	3,552,602
Capital and reserves
Called up share capital	11	179	180
Capital redemption reserve		21	20
Revaluation reserve		599,979	599,979
Other reserves		322,519	322,519
Retained earnings		2,607,522	2,629,904
Shareholders' funds		3,530,220	3,552,602

Eltime Limited

(Registration number: 01446958)
Balance Sheet as at 30 November 2025

For the financial year ending 30 November 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account and Director's Report.

Approved and authorised by the director on 14 July 2026
 

D N Hurst
Director

Eltime Limited

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

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is: 3 Warners Mill, Silks Way, Braintree, Essex, CM7 3GB.

2	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.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for manufacture and sale of electronic measuring devices and services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts. The company also receives rental income from the investment property.

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.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

Current Tax is recognised in the profit and loss account, 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.

Eltime Limited

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

Deferred tax is recognised on material temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

The director considers that it is not necessary to depreciate buildings as it would be immaterial and the building is frequently revalued. This is a departure from the Companies Act 2006 however the director considers the Financial Statements to show a true and fair view.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director.

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	3 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for goods sold or services performed in the ordinary course of business.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.

Eltime Limited

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

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.

Share capital

Ordinary shares are classified as equity.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 10 (2024 - 11).

4 Exceptional items

The exceptional item in the year relates to a bad debt.

Eltime Limited

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

5	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 December 2024	305,000	305,000
At 30 November 2025	305,000	305,000
Amortisation
At 1 December 2024	305,000	305,000
At 30 November 2025	305,000	305,000
Carrying amount
At 30 November 2025	-	-

6	Tangible assets

	Buildings £	Tools and equipment £	Fixtures and fittings £	Total £
Cost or valuation
At 1 December 2024	1,000,000	57,850	120,987	1,178,837
At 30 November 2025	1,000,000	57,850	120,987	1,178,837
Depreciation
At 1 December 2024	-	57,850	119,904	177,754
Charge for the year	-	-	217	217
At 30 November 2025	-	57,850	120,121	177,971
Carrying amount
At 30 November 2025	1,000,000	-	866	1,000,866
At 30 November 2024	1,000,000	-	1,083	1,001,083

Included within the net book value of buildings above is £1,000,000 (2024 - £1,000,000) in respect of buildings and £Nil (2024 - £Nil) in respect of long leasehold land and buildings.
 

Eltime Limited

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

Revaluation

The company's Freehold Property was revalued by the director on 30 November 2022.
The director does not consider the value to be materially different at 30 November 2025.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £263,500 (2024 - £263,500).
 

7	Investment properties

	2025 £
At 1 December	2,000,000
At 30 November 2025	2,000,000

The Investment Property was revalued by the director on 30 November 2022. The director does not consider the value to be materially different at 30 November 2025.

8

Stocks

	2025 £	2024 £
Work in progress	15,000	15,000
Other inventories	271,937	316,616
	286,937	331,616

9

Debtors

	2025 £	2024 £
Trade debtors	201,502	174,652
Prepayments	3,063	2,975
Other debtors	13,678	241,644
	218,243	419,271

Eltime Limited

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

10

Creditors

Creditors: amounts falling due within one year

		2025 £	2024 £
Due within one year
Loans and borrowings		-	57,222
Trade creditors		11,114	13,529
Taxation and social security		38,362	126,340
Accruals and deferred income		10,866	3,695
Other creditors		4,422	7,399
		64,764	208,185

Creditors include bank loans and overdrafts which are secured of £Nil (2024 - £57,222).

11	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	179	179	180	180

During the year, the company repurchased its own shares as part of a capital management strategy. The shares were cancelled following purchase. The nominal value of the shares has been deducted from share capital, and the excess of the purchase price over nominal value has been charged to profit and loss reserve.