Uniform Precision Tooling Limited 31/12/2024 iXBRL

Uniform Precision Tooling Limited

Filleted accounts

31 December 2024

Company registration number: 13922643

Uniform Precision Tooling Limited

Directors and other information


	Directors	J Reeve
		J C Reeve
		C Edlund-Reeve
		A Bates


	Company number	13922643


	Registered office	The Old Dairy
		12 Stephen Road
		Headington
		Oxford
		OX3 9AY


	Auditor	Cox Hinkins Audit Services Limited
		The Old Dairy
		12 Stephen Road
		Headington
		Oxford
		OX3 9AY

Uniform Precision Tooling Limited

Directors responsibilities statement

Year ended 31st December 2024

The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Uniform Precision Tooling Limited

Balance sheet

31st December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	5	230,250		180,283
		_______		_______
			230,250		180,283

Current assets
Stocks		2,820		1,807
Debtors	6	115,715		116,893
Cash at bank and in hand		64,082		44,974
		_______		_______
		182,617		163,674
Creditors: amounts falling due
within one year	7	( 710,224)		( 538,215)
		_______		_______
Net current liabilities			( 527,607)		( 374,541)
			_______		_______
Total assets less current liabilities			( 297,357)		( 194,258)


Provisions for liabilities	8		( 41,194)		( 31,464)

			_______		_______
Net liabilities			( 338,551)		( 225,722)
			_______		_______

Capital and reserves
Called up share capital	10		1		1
Profit and loss account			( 338,552)		( 225,723)
			_______		_______
Shareholder deficit			( 338,551)		( 225,722)
			_______		_______

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the Profit & loss account has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 08 September 2025 , and are signed on behalf of the board by:

J C Reeve

Director

Company registration number: 13922643

Uniform Precision Tooling Limited

Notes to the financial statements

Year ended 31st December 2024

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is The Old Dairy, 12 Stephen Road, Headington, Oxford, OX3 9AY. There was no significant change in the company's principal activity during the year which continued to be that of design, manufacture and repair of tools.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The principal accounting policies are set out below. The financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis. The company continued to incur losses in its third year of trading and is wholly dependent upon the continued financial support of other group companies. The group has indicated its commitment to continue to provide the financial support required for the foreseeable future for the company to continue its business operations and therefore the directors are of the opinion that it is appropriate to prepare the accounts on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. 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 capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its residual value, over the useful economic life of that asset as follows:


Leasehold improvements	-	Over the term of the lease
Plant and machinery	-	25 %	reducing balance
Fittings fixtures and equipment	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition. Cost is calculated using the first in, first out formula. Provision is made for damaged, obsolete and slow moving stock where appropriate.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the Balance sheet and the amount of the provision as an expense.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the asset of the company after deducting all of its liabilities. The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, and loans to related parties. Financial assets that are measured at cost and amortised and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

4. Employee numbers

The company does not employ staff directly. All staff costs are recharged by fellow group companies.

5. Tangible assets

	Short leasehold property	Plant and machinery	Fixtures, fittings and equipment	Total
	£	£	£	£
Cost
At 1st January 2024	58,908	186,044	26,391	271,343
Additions	-	100,272	-	100,272
	_______	_______	_______	_______
At 31st December 2024	58,908	286,316	26,391	371,615
	_______	_______	_______	_______
Depreciation
At 1st January 2024	7,640	74,036	9,384	91,060
Charge for the year	5,890	40,163	4,252	50,305
	_______	_______	_______	_______
At 31st December 2024	13,530	114,199	13,636	141,365
	_______	_______	_______	_______
Carrying amount
At 31st December 2024	45,378	172,117	12,755	230,250
	_______	_______	_______	_______
At 31st December 2023	51,268	112,008	17,007	180,283
	_______	_______	_______	_______

6. Debtors

	2024	2023
	£	£
Trade debtors	69,534	66,448
Amounts owed by group undertakings and undertakings in which the company has a participating interest	10,713	15,546
Other debtors	35,468	34,899
	_______	_______
	115,715	116,893
	_______	_______

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	68,203	16,574
Amounts owed to group undertakings and undertakings in which the company has a participating interest	616,648	500,653
Social security and other taxes	7,952	-
Other creditors	17,421	20,988
	_______	_______
	710,224	538,215
	_______	_______

8. Provisions

	Deferred tax (note 9)	Total
	£	£
At 1st January 2024	31,464	31,464
Additions	9,730	9,730
	_______	_______
At 31st December 2024	41,194	41,194
	_______	_______

9. Deferred tax

The deferred tax included in the Balance sheet is as follows:

	2024	2023
	£	£
Included in provisions (note 8)	41,194	31,464
	_______	_______

The deferred tax account consists of the tax effect of timing differences in respect of:

	2024	2023
	£	£
Accelerated capital allowances	41,194	31,464
	_______	_______

10. Called up share capital

Issued, called up and fully paid

	2024		2023
	No	£	No	£
Ordinary shares of £ 1.00 each	1	1	1	1
	_______	_______	_______	_______

11. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	42,000	42,000
Later than 1 year and not later than 5 years	63,000	105,000
	_______	_______
	105,000	147,000
	_______	_______

12. Contingent assets and liabilities

The company's bankers hold a fixed and floating charge over the assets of the company. At 31 December 2024, the liability covered by these charges amounted to £Nil (2023: £Nil).

13. Summary audit opinion

The auditor's report dated 08 September 2025 was unqualified.

The senior statutory auditor was Rodney Mark Morgan for and on behalf of Cox Hinkins Audit Services Limited

14. Controlling party

The company is under the control of Premier Plastics Holdings Ltd which owns 100% of the issued shares.

15. Ultimate parent undertaking

Data Plastics Limited, a company incorporated in England and Wales, is regarded by the directors as being the company's ultimate holding company and prepares consolidated accounts for the group.