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REGISTERED NUMBER: 02098380 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

REGAL PRECISION ENGINEERS (COLNE) LTD

REGAL PRECISION ENGINEERS (COLNE) LTD (REGISTERED NUMBER: 02098380)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REGAL PRECISION ENGINEERS (COLNE) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2025







DIRECTORS: I R Sorbie
S A Kitchen





SECRETARY: I R Sorbie





REGISTERED OFFICE: Walton Street Works
Walton Street
Colne
Lancashire
BB8 0EL





REGISTERED NUMBER: 02098380 (England and Wales)





ACCOUNTANTS: Ainsworths Limited
Chartered Accountants
Charter House
Stansfield Street
Nelson
Lancashire
BB9 9XY

REGAL PRECISION ENGINEERS (COLNE) LTD (REGISTERED NUMBER: 02098380)

BALANCE SHEET
31ST MARCH 2025

31.3.25 31.3.24
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,586,036 1,610,396

CURRENT ASSETS
Stocks 1,012,000 1,172,399
Debtors 5 935,764 935,150
Cash at bank and in hand 37,754 26,939
1,985,518 2,134,488
CREDITORS
Amounts falling due within one year 6 1,114,700 1,415,280
NET CURRENT ASSETS 870,818 719,208
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,456,854

2,329,604

CREDITORS
Amounts falling due after more than one
year

7

(519,950

)

(697,796

)

PROVISIONS FOR LIABILITIES (277,049 ) (274,350 )
NET ASSETS 1,659,855 1,357,458

CAPITAL AND RESERVES
Called up share capital 15,002 15,002
Retained earnings 1,644,853 1,342,456
SHAREHOLDERS' FUNDS 1,659,855 1,357,458

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

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

REGAL PRECISION ENGINEERS (COLNE) LTD (REGISTERED NUMBER: 02098380)

BALANCE SHEET - continued
31ST MARCH 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 5th June 2025 and were signed on its behalf by:





I R Sorbie - Director


REGAL PRECISION ENGINEERS (COLNE) LTD (REGISTERED NUMBER: 02098380)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2025


1. STATUTORY INFORMATION

Regal Precision Engineers (Colne) Ltd 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and 2% on cost

Stocks
Stocks 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 stocks 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.

REGAL PRECISION ENGINEERS (COLNE) LTD (REGISTERED NUMBER: 02098380)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Employee benefit trusts
The company has purchased trusts for the benefit of employees and certain of their dependants. Monies held in these trusts are held by independent trustees and managed at their discretion.

Where the company retains future economic benefit from, and has de facto control of the assets and liabilities of the trust, they are accounted for as assets and liabilities of the company until the earlier of the date that an allocation of trust funds to employees in respect of past services is declared and the date that assets of the trust vest in identified individuals.

Where monies held in a trust are determined by the company on the basis of employees’ past services to the business and the company can obtain no future economic benefit from those monies, such monies, whether in the trust or accrued for by the company are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 50 (2024 - 36 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1st April 2024 56,525 4,666,082 266,638 32,240 5,021,485
Additions - 237,995 5,692 - 243,687
Disposals - (221,455 ) - - (221,455 )
At 31st March 2025 56,525 4,682,622 272,330 32,240 5,043,717
DEPRECIATION
At 1st April 2024 42,898 3,145,400 208,017 14,774 3,411,089
Charge for year 1,363 237,158 8,925 4,367 251,813
Eliminated on disposal - (205,221 ) - - (205,221 )
At 31st March 2025 44,261 3,177,337 216,942 19,141 3,457,681
NET BOOK VALUE
At 31st March 2025 12,264 1,505,285 55,388 13,099 1,586,036
At 31st March 2024 13,627 1,520,682 58,621 17,466 1,610,396

REGAL PRECISION ENGINEERS (COLNE) LTD (REGISTERED NUMBER: 02098380)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1st April 2024 2,138,861 23,245 2,162,106
Additions 236,995 - 236,995
At 31st March 2025 2,375,856 23,245 2,399,101
DEPRECIATION
At 1st April 2024 930,881 6,174 937,055
Charge for year 193,098 4,268 197,366
At 31st March 2025 1,123,979 10,442 1,134,421
NET BOOK VALUE
At 31st March 2025 1,251,877 12,803 1,264,680
At 31st March 2024 1,207,980 17,071 1,225,051

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade debtors 926,732 931,211
Other debtors 9,032 3,939
935,764 935,150

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Bank loans and overdrafts 129,167 143,056
Hire purchase contracts 306,750 178,072
Trade creditors 299,161 642,013
Taxation and social security 360,640 94,749
Other creditors 18,982 357,390
1,114,700 1,415,280

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.25 31.3.24
£    £   
Bank loans 56,250 185,416
Hire purchase contracts 463,700 512,380
519,950 697,796

REGAL PRECISION ENGINEERS (COLNE) LTD (REGISTERED NUMBER: 02098380)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2025


8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.25 31.3.24
£    £   
Hire purchase contracts 770,450 690,452
Yorkshire Bank CBILS - 97,222
770,450 787,674

Hire purchase debts are secured against the assets they were used to finance.