Ectron Limited
for the Year Ended 31 March 2026
Ectron Limited
Contents
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Company Information |
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Accountants' Report |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Ectron Limited
Company Information
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Directors |
C Morden A Jones |
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Registered Office |
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Registered Number |
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Accountants |
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Accountants' Report to the Board of Directors of
Ectron Limited
for the Year Ended 31 March 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ectron Limited for the year ended 31 March 2026 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have provided to us.
As a practising member firm of the Chartered Institute of Taxation, we are subject to its ethical and other professional requirements which are detailed at https://www.tax.org.uk/professional-standards. This report is made solely to the Board of Directors of Ectron Limited in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ectron Limited and state those matters that we have agreed to state to the Board of Directors of Ectron Limited in this report in accordance with the requirements of the Chartered Institute of Taxation.
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the Board of Directors for our work or for this report. It is your duty to ensure that Ectron Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Ectron Limited. You consider that Ectron Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Ectron Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
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Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ
Ectron Limited
(Registration number: 06139484)
Balance Sheet as at 31 March 2026
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Note |
2026 |
2025 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Fixed asset investments |
15,318 |
9,092 |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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Ectron Limited
(Registration number: 06139484)
Balance Sheet as at 31 March 2026
For the financial year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Approved and authorised by the
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Ectron Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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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). There have been no material departures from the Financial Reporting Standard 102 1A. There have been no material departures from the Financial Reporting Standard 102 1A.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The financial statements are prepared in Pounds Sterling (£), and are rounded to the nearest pound.
Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
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
Ectron Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
The current 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.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Intangible assets
The company has capitalised costs associated with the development and testing of its products if they fulfil the requirements of being technically feasible and will lead to future economic benefits. These development costs will be amortised once the product goes into commercial production over the period of its useful economic life.
Intellectual property is being amortised over its estimated useful life on a straight line basis over 10 years.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:
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Asset class |
Depreciation method and rate |
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Plant and machinery |
25% on reducing balance |
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Office equipment |
25% on reducing balance |
Investments
Investments in gold and precious metals are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Ectron Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, which is equivalent to net realisable value.
The cost of finished goods and work in progress comprises all costs of purchase, 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. Accounts payable 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.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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.
Ectron Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
Hire purchase and leasing commitments
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Company. 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 profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined contribution pension obligation
The company operates a define contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. Once the contributions have been paid, the company has no further payment obligations.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Ectron Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
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Intangible assets |
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Intellectual property |
Development costs |
Total |
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Cost or valuation |
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At 1 April 2025 |
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At 31 March 2026 |
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Amortisation |
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At 1 April 2025 |
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- |
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Amortisation charge |
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- |
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At 31 March 2026 |
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- |
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Carrying amount |
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At 31 March 2026 |
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At 31 March 2025 |
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Tangible assets |
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Plant and machinery |
Office equipment |
Total |
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Cost or valuation |
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At 1 April 2025 |
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Additions |
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At 31 March 2026 |
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Depreciation |
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At 1 April 2025 |
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Charge for the year |
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At 31 March 2026 |
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Carrying amount |
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At 31 March 2026 |
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At 31 March 2025 |
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Ectron Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
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Fixed Asset Investments |
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Other investments |
Total |
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Cost or valuation |
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At 1 April 2025 |
9,092 |
9,092 |
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Revaluations |
6,226 |
6,226 |
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At 31 March 2026 |
15,318 |
15,318 |
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Carrying amount |
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At 31 March 2026 |
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15,318 |
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At 31 March 2025 |
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9,092 |
The value of the fixed asset investment held as at 31 March 2026 was £15,318, this was revalued during the year by £6,226 which the directors confirmed was an accurate valuation as at 31 March 2026.
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Debtors |
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Note |
2026 |
2025 |
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Trade debtors |
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Amounts owed by related parties |
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- |
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Prepayments |
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Ectron Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
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Creditors |
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Due within one year |
Note |
2026 |
2025 |
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Bank borrowings |
27 |
10,648 |
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Other loans and borrowings |
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Trade creditors |
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Amounts owed to related parties |
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Taxation and social security |
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Accruals and deferred income |
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Other creditors |
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2026 |
2025 |
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Due after one year |
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Bank borrowings |
- |
874 |
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Other loans and borrowings |
141,369 |
159,181 |
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Included in bank borrowings above is a combined balance of £27 (2025 ‐ £11,522) which is unsecured and guaranteed by the government.
Included in other loans and borrowings are the secured loans denominated in GBP with varying interest rates. The carrying amount at the year end is £165,927 (2025 - £183,739). Included within this balance is £108,123 (2025 - £128,000) from the Ectron Pension Scheme which is secured over the company's assets.
Ectron Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2026
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Related party transactions |
Loans to related parties
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2026 |
Other related parties |
Total |
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Advanced |
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At end of period |
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Terms of loans to related parties
Loans from related parties
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2026 |
Key management |
Total |
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At start of period |
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Advanced |
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Repaid |
( |
( |
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At end of period |
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2025 |
Key management |
Total |
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At start of period |
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Advanced |
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Repaid |
( |
( |
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At end of period |
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Terms of loans from related parties