REGISTERED NUMBER: 01963289 (England and Wales)

Financial Statements

for the Year Ended 31 December 2025

for

Elcomponent Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

C W Gysin

J E Gysin

G R Aislabie

T J Hooper

SECRETARY:

C W Gysin

REGISTERED OFFICE:

Unit 5 Southmill Trading Centre

Southmill Road

Bishops Stortford

Hertfordshire

CM23 3DY

REGISTERED NUMBER:

01963289 (England and Wales)

ACCOUNTANTS:

Parker Cavendish

Chartered Accountants

Suite 301, Stanmore Business

and Innovation Centre

Howard Road

Stanmore

Middlesex

HA7 1FW

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

45,168

12,057

45,168

12,057

CURRENT ASSETS

Inventories

145,074

122,251

Debtors

6

336,264

339,179

Cash at bank

776,871

858,061

1,258,209

1,319,491

CREDITORS

Amounts falling due within one year

7

612,784

673,629

NET CURRENT ASSETS

645,425

645,862

TOTAL ASSETS LESS CURRENT LIABILITIES

690,593

657,919

PROVISIONS FOR LIABILITIES

-

3,014

NET ASSETS

690,593

654,905

CAPITAL AND RESERVES

Called up share capital

42,000

42,000

Retained earnings

648,593

612,905

SHAREHOLDERS' FUNDS

690,593

654,905

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 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 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 24 August 2026 and were signed on its behalf by:

G R Aislabie - Director

1.	STATUTORY INFORMATION

Elcomponent 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.

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 value of goods sold and services provided, excluding value added tax.

Tangible fixed assets

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

Improvements to property

-

15% on cost

Fixtures and fittings

-

15% - 33% on cost

Motor vehicles

-

33.33% on cost

Inventories

Inventories 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 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Research and development

Expenditure on research and development is charged to the profit and loss account as incurred unless it is attributable to a major new product. In this case the expenditure is capitalised and charged to the profit and loss account broadly in line with the period over which income is expected to be derived from the new product.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange prevailing at the accounting date. Transactions in foreign currencies are recorded at the date of the transactions. All differences are taken to the Profit and Loss account.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible assets and depreciated over the shorter of the lease term and their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce constant periodic rates of charge on the net obligations outstanding in each period.

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.

Intangible fixed assets

These comprise development costs of computer software to be licenced to third party users. The development costs were to be amortised in equal instalments over 3 years.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2024 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2025

and 31 December 2025

27,569

AMORTISATION

At 1 January 2025

and 31 December 2025

27,569

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	PROPERTY, PLANT AND EQUIPMENT

Improvements

Fixtures

to

and

Motor

property

fittings

vehicles

Totals

£

£

£

£

COST

At 1 January 2025

43,440

89,082

108,226

240,748

Additions

-

3,750

55,198

58,948

Disposals

-

-

(20,703

)

(20,703

)

At 31 December 2025

43,440

92,832

142,721

278,993

DEPRECIATION

At 1 January 2025

43,440

82,026

103,225

228,691

Charge for year

-

2,621

23,216

25,837

Eliminated on disposal

-

-

(20,703

)

(20,703

)

At 31 December 2025

43,440

84,647

105,738

233,825

NET BOOK VALUE

At 31 December 2025

-

8,185

36,983

45,168

At 31 December 2024

-

7,056

5,001

12,057

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

315,002

328,465

Other debtors

2,439

-

Deferred tax asset

4,308

-

Prepayments and accrued income

14,515

10,714

336,264

339,179

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

56,116

53,480

Tax

34,618

42,085

Social security and other taxes

37,496

66,353

VAT

55,946

85,392

Other creditors

-

2,691

Directors' current accounts

53,469

68,713

Accruals and deferred income

375,139

354,915

612,784

673,629

8.	LEASING AGREEMENTS

At 31 December 2025, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £20,118.14 (2024: £38,344.62).