REGISTERED NUMBER: 03425574 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Roscan Electronics Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N Martyn

L Andrews

REGISTERED OFFICE:

Unit 14 Marino Way

Hogwood Industrial Estate

Finch Hamstead

Wokingham

Berkshire

RG40 4RF

REGISTERED NUMBER:

03425574 (England and Wales)

ACCOUNTANTS:

Branston Adams

Suite 2, Victoria House

South Street

Farnham

Surrey

GU9 7QU

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

210,696

89,403

210,696

89,403

CURRENT ASSETS

Stocks

23,951

35,000

Debtors

6

905,366

931,517

Cash at bank

36,681

33

965,998

966,550

CREDITORS

Amounts falling due within one year

7

794,432

793,337

NET CURRENT ASSETS

171,566

173,213

TOTAL ASSETS LESS CURRENT LIABILITIES

382,262

262,616

CREDITORS

Amounts falling due after more than one year

8

(101,639

)

(31,268

)

PROVISIONS FOR LIABILITIES

(52,674

)

(22,351

)

NET ASSETS

227,949

208,997

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

227,947

208,995

SHAREHOLDERS' FUNDS

227,949

208,997

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2026 and were signed on its behalf by:

L Andrews - Director

1.	STATUTORY INFORMATION

Roscan Electronics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 income derived from the ordinary activities of the business, net of VAT and trade discounts.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business in 2003, is being amortised evenly over its estimated useful life, which is thought to be 20 years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer & office equipmt

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Invoice financing

The company had an invoice financing arrangement until 2 April 2021. The Facility had a funding cap of £375,000 which could be used for general working capital. The facilities were secured over the assets of the company. Amounts drawn under the terms of the facility bear transaction fees and interest at base rate plus a margin.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2025 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2025

and 31 March 2026

300,000

AMORTISATION

At 1 April 2025

and 31 March 2026

300,000

NET BOOK VALUE

At 31 March 2026

-

At 31 March 2025

-

Goodwill arose on the transfer of the business into the limited company from a partnership run by two of the company's directors. The valuation of goodwill on transfer was as agreed with the Inland Revenue share valuation office on 12 January 2005.

Goodwill is being amortised over a period of 20 years, which is the lesser of its estimated life and 20 years, in line with standard accounting practice.

5.	TANGIBLE FIXED ASSETS

Improvements

Short

to

Plant and

leasehold

property

machinery

£

£

£

COST

At 1 April 2025

512

12,048

515,335

Additions

-

-

180,130

At 31 March 2026

512

12,048

695,465

DEPRECIATION

At 1 April 2025

512

8,236

438,470

Charge for year

-

953

55,702

At 31 March 2026

512

9,189

494,172

NET BOOK VALUE

At 31 March 2026

-

2,859

201,293

At 31 March 2025

-

3,812

76,865

Fixtures

Computer

and

Motor

& office

fittings

vehicles

equipmt

Totals

£

£

£

£

COST

At 1 April 2025

2,511

14,995

12,398

557,799

Additions

-

-

-

180,130

At 31 March 2026

2,511

14,995

12,398

737,929

DEPRECIATION

At 1 April 2025

2,204

6,912

12,062

468,396

Charge for year

77

2,021

84

58,837

At 31 March 2026

2,281

8,933

12,146

527,233

NET BOOK VALUE

At 31 March 2026

230

6,062

252

210,696

At 31 March 2025

307

8,083

336

89,403

Included within fixed assets is motor vehicle purchased during the year under finance contract with a net book value of £14,370. Depreciation charged on these items totalled £625.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade debtors

399,248

402,539

Other debtors

148,253

173,743

Directors' loan accounts

355,233

355,235

Prepayments

2,632

-

905,366

931,517

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans and overdrafts

5,510

49,091

Hire purchase contracts

47,449

22,806

Trade creditors

301,674

267,431

Tax

199,629

211,508

Social security and other taxes

25,320

15,771

Pension

4,805

3,242

VAT

41,309

85,164

Credit cards

34,381

33,824

Accrued expenses

134,355

104,500

794,432

793,337

Bank borrowings are secured by a debenture charge over the assets of the company, together with personal guarantees to £27,500 from each of the company directors.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.26

31.3.25

£

£

Bank loans - 1-2 years

-

6,146

Hire purchase contracts

101,639

25,122

101,639

31,268

9.	RELATED PARTY DISCLOSURES

N Martyn

Director / Shareholder

As at 31 March 2026 £177,617 (2025 - £177,617) is due to the company in respect of an overdrawn directors' loan account. The loan is repayable on demand and interest charged at HMRC official rate of 2.25%.

L Andrews

Director / Shareholder

As at 31 March 2026 £177,617 (2025 - £177,617) is due to the company in respect of an overdrawn directors' loan account. The loan is repayable on demand and interest charged at HMRC official rate of 2.25%.

10.	ULTIMATE CONTROLLING PARTY

The company is under the control of it's directors by virtue of their shareholdings.