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Registered number: 01419069
P.T.G. Precision Engineers Limited
Financial Statements
For The Year Ended 31 March 2025
P.T.G. Precision Engineers Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—6

Page 1
P.T.G. Precision Engineers Limited
Balance Sheet
As At 31 March 2025
Balance Sheet
Registered number: 01419069

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 204,413 |  | 173,629
|  |  | 204,413 |  | 173,629
CURRENT ASSETS
Stocks | 5 | 139,517 |  | 80,359 |
Debtors | 6 | 563,204 |  | 669,796 |
Cash at bank and in hand |  | 317,977 |  | 41,940 |
|  | 1,020,698 |  | 792,095 |
Creditors: Amounts Falling Due Within One Year | 7 | (756,704 ) |  | (599,297 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 263,994 |  | 192,798
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 468,407 |  | 366,427
Creditors: Amounts Falling Due After More Than One Year | 8 |  | (71,044 ) |  | (54,333 )
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (51,103 ) |  | (41,774 )
NET ASSETS |  |  | 346,260 |  | 270,320
CAPITAL AND RESERVES
Called up share capital | 11 |  | 100,000 |  | 100,000
Profit and Loss Account |  |  | 246,260 |  | 170,320
SHAREHOLDERS' FUNDS |  |  | 346,260 |  | 270,320

Page 1
Page 2
P.T.G. Precision Engineers Limited
Balance Sheet (continued)
As At 31 March 2025
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 D H Rowe Director
7 August 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
P.T.G. Precision Engineers Limited
Notes to the Financial Statements
For The Year Ended 31 March 2025
Notes to the Financial Statements
1. General Information
P.T.G. Precision Engineers Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01419069 . The registered office is 6 Houndiscombe Road, Plymouth, Devon, PL4 6HH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Significant judgements and estimations
Revenue recognition and Work in Progress - Contracts for the manufacturing of goods often run for a period that spans the financial reporting date, with revenue and profit on these contracts being based on the degree of completion at the year end. The revenue and profit recognised is calculated using costs incurred to date as a percentage of total expected costs multiplied by the proportion of expected profit on completion. Estimates are required for the percentage of the contract completed at the reporting date, and also on the estimate of the overall profit to be generated.
2.3. Turnover
Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.
2.4. 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:

Freehold | 20% Straight Line
Plant & Machinery | 10% Straight Line
Computer Equipment | 33% Straight Line

2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
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P.T.G. Precision Engineers Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.8. Pensions
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 23 (2024: 25)
23 25
4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Plant & Machinery | Computer Equipment | Total
| £ | £ | £ | £
Cost
As at 1 April 2024 | 28,360 | 536,518 | 9,743 | 574,621
Additions | 4,649 | 56,973 | 755 | 62,377
As at 31 March 2025 | 33,009 | 593,491 | 10,498 | 636,998
Depreciation
As at 1 April 2024 | 25,755 | 365,494 | 9,743 | 400,992
Provided during the period | 3,535 | 27,809 | 249 | 31,593
As at 31 March 2025 | 29,290 | 393,303 | 9,992 | 432,585
Net Book Value
As at 31 March 2025 | 3,719 | 200,188 | 506 | 204,413
As at 1 April 2024 | 2,605 | 171,024 | - | 173,629

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P.T.G. Precision Engineers Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
5. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Stock | 57,662 |  | 61,823
Work in progress | 81,855 |  | 18,536
| 139,517 |  | 80,359

6. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 456,820 |  | 361,948
Other debtors | 106,384 |  | 307,848
| 563,204 |  | 669,796

7. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 28,523 |  | 24,334
Trade creditors | 94,213 |  | 65,837
Amounts owed to group undertakings | 19,477 |  | 83,211
Amounts owed to participating interests | 441,212 |  | 358,001
Other creditors | 91,583 |  | 36,891
Taxation and social security | 81,696 |  | 31,023
| 756,704 |  | 599,297

8. Creditors: Amounts Falling Due After More Than One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 71,044 |  | 54,333

9. Secured Creditors
HSBC Invoice Finance has a floating charge on all property, fixtures and fittings and plant and machinery in the group of companies. The company may not take out any additional security against the charged assets, and the company may not dispose of any part of the fixed charged property.
Of the creditors the following amounts are secured against equpment owned by the company.

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Net obligations under finance lease and hire purchase contracts | 99,561 |  | 78,667

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P.T.G. Precision Engineers Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 March 2025
10. Obligations Under Finance Leases and Hire Purchase

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
The future minimum finance lease payments are as follows:
Not later than one year | 28,523 |  | 24,334
Later than one year and not later than five years | 71,044 |  | 54,333
| 99,567 |  | 78,667
| 99,567 |  | 78,667

11. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Allotted, Called up and fully paid | 100,000 |  | 100,000

12. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Not later than one year | 65,658 |  | 80,000
Later than one year and not later than five years | 229,191 |  | 240,603
Later than five years | - |  | 59,192
| 294,849 |  | 379,795

13. Ultimate Controlling Party
The company's immediate parent is PTG Holdings Limited, incorporated in England and Wales.
The ultimate parent is Applied Automation (Holdings) Limited, incorporated in England and Wales.
The most senior parent entity producing publicly available statements is Applied Automation (Holdings) Limited. These financial statements are available upon request from 6 Houndiscombe Road, Plymouth, Devon, United Kingdom, PL4 6HH.
The ultimate controlling party is David and Valarie Rowe.
14. Audit Information
The auditor's report on the accounts of P.T.G. Precision Engineers Limited for the year ended 31 March 2025 was unqualified.
The auditor's report was signed by Richard Baker (Senior Statutory Auditor) for and on behalf of Sumer Audit , Statutory Auditor.
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