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REGISTERED NUMBER: 02373765 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Brooks Precision Engineering Limited

Brooks Precision Engineering Limited (Registered number: 02373765)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brooks Precision Engineering Limited

Company Information
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTOR: M R Collier-Brooks





SECRETARY: M R Collier-Brooks





REGISTERED OFFICE: Unit 6
Aylesbury Business Centre
Chamberlain Road
Aylesbury
Buckinghamshire
HP19 8DY





REGISTERED NUMBER: 02373765 (England and Wales)





ACCOUNTANTS: Connolly Accountants & Business Advisors Ltd
Chartered Certified Accountants
The Stable Yard
25-33 Vicarage Road
Stony Stratford
Milton Keynes
Buckinghamshire
MK11 1BN

Brooks Precision Engineering Limited (Registered number: 02373765)

Balance Sheet
31 MARCH 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 503,015 549,564

CURRENT ASSETS
Stocks 33,066 34,099
Debtors 5 277,827 378,998
Cash at bank 275,542 151,944
586,435 565,041
CREDITORS
Amounts falling due within one year 6 159,766 148,611
NET CURRENT ASSETS 426,669 416,430
TOTAL ASSETS LESS CURRENT
LIABILITIES

929,684

965,994

CREDITORS
Amounts falling due after more than one year 7 (45,560 ) (71,593 )

PROVISIONS FOR LIABILITIES (78,950 ) (90,927 )
NET ASSETS 805,174 803,474

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 45,952 45,952
Retained earnings 759,122 757,422
SHAREHOLDERS' FUNDS 805,174 803,474

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Brooks Precision Engineering Limited (Registered number: 02373765)

Balance Sheet - continued
31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 June 2025 and were signed by:





M R Collier-Brooks - Director


Brooks Precision Engineering Limited (Registered number: 02373765)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Brooks Precision Engineering 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 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.
Freehold property - 2% on cost
Plant & machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33.33% 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.

Brooks Precision Engineering Limited (Registered number: 02373765)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is a contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from related companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised costs, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 balance sheet date.


Brooks Precision Engineering Limited (Registered number: 02373765)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 8 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant & and
property machinery fittings
£    £    £   
COST
At 1 April 2024 249,768 1,283,601 28,487
Additions - 15,348 -
At 31 March 2025 249,768 1,298,949 28,487
DEPRECIATION
At 1 April 2024 75,558 918,833 22,641
Charge for year 4,996 55,088 877
At 31 March 2025 80,554 973,921 23,518
NET BOOK VALUE
At 31 March 2025 169,214 325,028 4,969
At 31 March 2024 174,210 364,768 5,846

Brooks Precision Engineering Limited (Registered number: 02373765)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2024 21,539 15,586 1,598,981
Additions - 280 15,628
At 31 March 2025 21,539 15,866 1,614,609
DEPRECIATION
At 1 April 2024 16,799 15,586 1,049,417
Charge for year 1,185 31 62,177
At 31 March 2025 17,984 15,617 1,111,594
NET BOOK VALUE
At 31 March 2025 3,555 249 503,015
At 31 March 2024 4,740 - 549,564

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant &
machinery
£   
COST
At 1 April 2024
and 31 March 2025 157,178
DEPRECIATION
At 1 April 2024 33,569
Charge for year 18,542
At 31 March 2025 52,111
NET BOOK VALUE
At 31 March 2025 105,067
At 31 March 2024 123,609

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 159,966 258,721
Other debtors 117,861 120,277
277,827 378,998

Brooks Precision Engineering Limited (Registered number: 02373765)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MARCH 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts 26,033 23,910
Trade creditors 15,189 25,810
Taxation and social security 115,469 89,346
Other creditors 3,075 9,545
159,766 148,611

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts 45,560 71,593

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 71,593 95,503

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 2024
£    £   
**UNKNOWN DIRECTOR 1**
Balance outstanding at start of year 84,850 84,850
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 84,850 84,850

All balances are repayable on demand.