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Registered number: 13152580
Exact Engineering Limited
Unaudited Financial Statements
For The Year Ended 31 March 2025
Deans
Gibson House Hurricane Close
Stafford
Staffordshire
ST16 1GZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 13152580
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 16,068 969
16,068 969
CURRENT ASSETS
Debtors 5 9,628 11,964
Cash at bank and in hand 27,981 17,259
37,609 29,223
Creditors: Amounts Falling Due Within One Year 6 (9,047 ) (3,677 )
NET CURRENT ASSETS (LIABILITIES) 28,562 25,546
TOTAL ASSETS LESS CURRENT LIABILITIES 44,630 26,515
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,053 ) -
NET ASSETS 41,577 26,515
CAPITAL AND RESERVES
Called up share capital 7 1 1
Profit and Loss Account 41,576 26,514
SHAREHOLDERS' FUNDS 41,577 26,515
Page 1
Page 2
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr T A Lloyd
Director
10 July 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Exact Engineering Limited is a private company, limited by shares, registered in England & Wales.  The company's registered number and registered office address can be found on the Company Information page.
2. Accounting Policies
2.1. Basis of Preparation of 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.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below.  These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:
Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from project management services are recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to the date the service is provided.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% Reducing balance
Motor Vehicles 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 33% Straight line
2.4. Taxation
Taxation for the year comprises current and deferred tax.  Tax is recognised in the Profit and Loss Account, 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.
2.5. Employee 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.
2.6. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price.  Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
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Page 4
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 April 2024 242 - 540 2,343 3,125
Additions - 19,750 - 1,125 20,875
As at 31 March 2025 242 19,750 540 3,468 24,000
Depreciation
As at 1 April 2024 98 - 177 1,881 2,156
Provided during the period 21 4,938 90 727 5,776
As at 31 March 2025 119 4,938 267 2,608 7,932
Net Book Value
As at 31 March 2025 123 14,812 273 860 16,068
As at 1 April 2024 144 - 363 462 969
5. Debtors
2025 2024
£ £
Due within one year
Prepayments and accrued income 517 -
Other debtors 2,952 2,952
Corporation tax recoverable assets 1,888 2,593
VAT - 824
Director's loan account 4,271 5,595
9,628 11,964
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Corporation tax 6,272 1,888
Other taxes and social security 36 36
VAT 1,206 -
Accruals and deferred income 1,533 1,753
9,047 3,677
7. Share Capital
2025 2024
Allotted, called up and fully paid £ £
1 Ordinary Shares of £ 1.00 each 1 1
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8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Mr Thomas Lloyd 5,595 215 1,539 - 4,271
The above loan is provided interest free and repayable on demand.
Page 5