REGISTERED NUMBER: 03513144 (England and Wales)

Financial Statements for the Year Ended 31 March 2025

for

Machining Technology (Mach-Tech) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

Mr N S Tyler

Mr P D J Merison

SECRETARY:

Mrs S K Arnold

REGISTERED OFFICE:

Milton Road

Drayton

Abingdon

Oxfordshire

OX14 4EZ

REGISTERED NUMBER:

03513144 (England and Wales)

ACCOUNTANTS:

Westell Accountants

3 Bradfield Court

Drayton Mill, Milton Road

Drayton

Abingdon

Oxfordshire

OX14 4EF

FIXED ASSETS

Tangible assets

4

332,187

295,877

CURRENT ASSETS

Stocks

156,891

165,758

Debtors

5

192,746

304,440

Cash at bank and in hand

51,117

150,983

400,754

621,181

CREDITORS

Amounts falling due within one year

6

383,977

475,076

NET CURRENT ASSETS

16,777

146,105

TOTAL ASSETS LESS CURRENT LIABILITIES

348,964

441,982

CREDITORS

Amounts falling due after more than one year

7

(154,745

)

(116,709

)

PROVISIONS FOR LIABILITIES

-

(55,968

)

NET ASSETS

194,219

269,305

CAPITAL AND RESERVES

Called up share capital

110

110

Retained earnings

194,109

269,195

SHAREHOLDERS' FUNDS

194,219

269,305

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 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.

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 22 August 2025 and were signed on its behalf by:

Mr N S Tyler - Director

Mr P D J Merison - Director

1.	STATUTORY INFORMATION

Machining Technology (Mach-Tech) 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.

Land and buildings

-

20% on reducing balance

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Stocks

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

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 21 (2024 - 25 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

42,949

1,050,533

1,093,482

Additions

-

114,251

114,251

Disposals

-

(84,250

)

(84,250

)

At 31 March 2025

42,949

1,080,534

1,123,483

DEPRECIATION

At 1 April 2024

41,643

755,962

797,605

Charge for year

261

70,216

70,477

Eliminated on disposal

-

(76,786

)

(76,786

)

At 31 March 2025

41,904

749,392

791,296

NET BOOK VALUE

At 31 March 2025

1,045

331,142

332,187

At 31 March 2024

1,306

294,571

295,877

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

174,544

286,102

Other debtors

18,202

18,338

192,746

304,440

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

19,600

16,333

Hire purchase contracts

53,945

70,737

Trade creditors

59,389

78,298

Taxation and social security

119,862

106,533

Other creditors

131,181

203,175

383,977

475,076

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

9,800

32,667

Hire purchase contracts

144,945

84,042

154,745

116,709

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages three to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Westell Accountants

3 Bradfield Court

Drayton Mill, Milton Road

Drayton

Abingdon

Oxfordshire

OX14 4EF

Date: .............................................