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REGISTERED NUMBER: SC081414 (Scotland)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

Ceta (Precision Engineering) Limited

Ceta (Precision Engineering) Limited (Registered number: SC081414)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ceta (Precision Engineering) Limited

Company Information
for the Year Ended 31 January 2025







DIRECTORS: S W S Kerr
K R Tait
D Law





SECRETARY: S W S Kerr





REGISTERED OFFICE: Unit 4, Block 1
Tweedbank Industrial Estate
Galashiels
Selkirkshire
TD1 3RS





REGISTERED NUMBER: SC081414 (Scotland)





ACCOUNTANTS: EQ Accountants Ltd
47-49 The Square
Kelso
Roxburghshire
TD5 7HW

Ceta (Precision Engineering) Limited (Registered number: SC081414)

Balance Sheet
31 January 2025

31/1/25 31/1/24
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 282,842 304,425

CURRENT ASSETS
Inventories 15,532 36,250
Debtors 5 190,749 251,812
Cash at bank 529,421 536,499
735,702 824,561
CREDITORS
Amounts falling due within one year 6 115,436 155,457
NET CURRENT ASSETS 620,266 669,104
TOTAL ASSETS LESS CURRENT
LIABILITIES

903,108

973,529

PROVISIONS FOR LIABILITIES 65,000 31,500
NET ASSETS 838,108 942,029

CAPITAL AND RESERVES
Called up share capital 900 900
Capital redemption reserve 9,402 9,402
Retained earnings 827,806 931,727
SHAREHOLDERS' FUNDS 838,108 942,029

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Ceta (Precision Engineering) Limited (Registered number: SC081414)

Balance Sheet - continued
31 January 2025


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 15 May 2025 and were signed on its behalf by:





S W S Kerr - Director


Ceta (Precision Engineering) Limited (Registered number: SC081414)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Ceta (Precision Engineering) Limited 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.

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
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

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.

Government grants
Grants received towards expenditure on fixed assets are deferred and amortised over the life of the asset to which they relate. The deferred element is disclosed in note 8.


Ceta (Precision Engineering) Limited (Registered number: SC081414)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 February 2024 1,397,022 16,360 1,413,382
Additions 56,421 - 56,421
Disposals (45,140 ) - (45,140 )
At 31 January 2025 1,408,303 16,360 1,424,663
DEPRECIATION
At 1 February 2024 1,095,263 13,694 1,108,957
Charge for year 77,237 666 77,903
Eliminated on disposal (45,039 ) - (45,039 )
At 31 January 2025 1,127,461 14,360 1,141,821
NET BOOK VALUE
At 31 January 2025 280,842 2,000 282,842
At 31 January 2024 301,759 2,666 304,425

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/25 31/1/24
£    £   
Trade debtors 183,715 239,469
Accrued income 723 1,453
Prepayments 6,311 10,890
190,749 251,812

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/25 31/1/24
£    £   
Trade creditors 24,605 27,946
Tax 37,340 60,170
Social security and other taxes 8,321 8,733
VAT 15,532 27,483
Directors' loan accounts 453 934
Accrued expenses 29,185 30,177
Deferred government grants - 14
115,436 155,457